Thursday, October 1, 2009

"The Only Investment Guide You'll Ever Need"

I just finished reading a book called “The Only Investment Guide You’ll Ever Need” by Andrew Tobias. It is definitely an interesting and quick read with some great insights. It will not solve all of your financial challenges that lie ahead, but you’d be hard pressed not to find something of value. A couple of my favorite quotes from the book:

“There is no dignity quite so impressive, and no independence quite so important, as living within your means.” --- Calvin Coolidge

“There’s an old joke on Wall Street. ‘Well,’ the joke goes, ‘the broker made money and the firm made money – and two out of three ain’t bad.’”

It is unfortunate that most clients fare poorly seeking investment returns. What’s more disheartening is that Wall Street continues to prosper while the vast majority of their clients suffer the consequences of their misguidance.

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