Buy The Missing Billionaires Lib/E by Victor Haghani
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The Missing Billionaires Lib/E: A Guide to Better Financial Decisions

The Missing Billionaires Lib/E: A Guide to Better Financial Decisions


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About the Book

Over the past century, if the wealthiest families had spent a reasonable fraction of their wealth, paid taxes, invested in the stock market, and passed their wealth down to the next generation, there would be tens of thousands of billionaire heirs to generations-old fortunes today. The puzzle of The Missing Billionaires is why you cannot find one such billionaire on any current rich list. There are a number of explanations, but this book is focused on one mistake which is of profound importance to all investors: poor risk decisions, both in investing and spending. Many of these families didn't choose bad investments--they sized them incorrectly--and allowed their spending decisions to amplify this mistake. The Missing Billionaires book offers a simple yet powerful framework for making important lifetime financial decisions in a systematic and rational way. It's for listeners with a baseline level of financial literacy, but doesn't require a PhD. Part One builds the theory of optimal investment sizing from first principles, starting with betting on biased coins. Part Two covers lifetime financial decision-making, with emphasis on the integration of investment, saving, and spending decisions. Part Three covers practical implementation details, including how to estimate the expected return and risk on a broad spectrum of investments.

About the Author :
James White has spent two decades working in finance, covering the gamut of quantitative research, market-making, investing, and wealth management. He is currently the CEO of Elm Wealth, and previously has held research, trading, and executive roles at PAC Partners, Citadel, and Bank of America. He lives in Philadelphia. Victor Haghani has forty years' experience working and innovating in the financial markets, and has been a prolific contributor to academic and practitioner finance literature. He founded Elm Wealth in 2011 to help clients, including his own family, manage and preserve their wealth with a thoughtful, research-based, and cost-effective approach that covers not just investment management but also broader decisions about wealth and finances. Victor started his career at Salomon Brothers in 1984, where he became a managing director in the bond-arbitrage group, and in 1993 he was a cofounding partner of Long-Term Capital Management. He lives in London and Jackson Hole, Wyoming. Jon Vertullo is a voice-over and on-camera talent who has been performing on mic, stage, and screen since the age of ten. Jon's voice has been described as "friendly, trustworthy, and engaging, with a sprinkling of nerdy fun!" When he isn't performing, Jon enjoys spending time with his family and finding new and exciting restaurants to try.


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Product Details
  • ISBN-13: 9798874722173
  • Publisher: Ascent Audio
  • Publisher Imprint: Ascent Audio
  • Language: English
  • ISBN-10: 8874722176
  • Publisher Date: 27 Feb 2024
  • Binding: CD-Audio
  • Sub Title: A Guide to Better Financial Decisions


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