I’m finishing up teaching an undergraduate course on Personal Finance this month, for which I find the assigned textbook totally useless, so I am on a quest to come up with a useful book to recommend for students as well as Bankers Anonymous readers. What’s useful The most impressive strength of Master Math: Business and

Please see my earlier post on The Humble IRA.   Does the humble and homely Individual Retirement Arrangement (IRA) matter to well-paid people? I remember being shocked in the late 1990s when my mentor Jim on the bond trading floor at Goldman declared “I don’t bother with IRAs because nobody’s getting rich investing through an

Nick Murray’s Simple Wealth, Inevitable Wealth, [1] deserves to be the exception to my rule of never reviewing “How to Invest” books. Stylistically, Murray’s prose is the Yin to Nassim Taleb’s Yang.[2]  Murray is gentle, meditative, and modest in affect, part financial advisor and part Zen master, contemplating the beauty of compounding investment returns[3] and

Or, why everyone needs to know this, beyond getting rich or avoiding poverty. Please see my earlier posts Part I – Why don’t they teach this in school?, Part II – Compound Interest and Wealth Part III – Compound Interest and Consumer Debt Part IV – Discounted cash flows – Pension Buyout Example Part V