In their new book, The Missing Billionaires, Victor Haghani and James White make an interesting argument. Looking at the number of millionaires in the United States in 1900 and doing some math, they estimate that there should be many more billionaires today—thousands more, in fact—than there are. [...]
New book recommendations
In the spirit of the holiday season, below is an updated set of personal finance book recommendations. Why Does the Stock Market Go Up? by Brian Feroldi. This book seeks to answer 60 of the most commonly asked questions in personal finance. In so doing, it demystifies many of the concepts, terms [...]
Book smart
James Choi is a professor. But in a recent paper titled “Popular Personal Financial Advice versus the Professors,” Choi played the role of (somewhat) neutral arbiter. The question he sought to answer: Do popular—that is, non-academic—personal finance books offer advice consistent with the academic [...]
Fall reading list
A while back, I assembled two personal finance reading lists—what I called 101 and 201 level titles. But time doesn’t stand still. Below is a list of newer books, along with a few classics that didn’t fit on the earlier lists. They’re organized into three categories: retirement planning, investing [...]
