07/06/2020
📚 5 books for pumping financial literacy
1. "Essay on Investment, Corporate Finance and Company Management." Warren Buffett
The only tool for investing and increasing your investment is entering the stock market and this will be a good assistant to the book of Warren Buffett himself, where he collected a collection of essays.
2. "Management of a reasonable investor." Jack bogle
This book should be read by anyone who wants to save money on financial advisors. Bogle shows how he got rich himself and share with those who are interested in his experience. In the book you will find fascinating stories from the investor's own experience, as well as tables and data that proves one or another of his conclusions.
In his letter to shareholders in 2014, Warren Buffett noted this book as an alternative to "financial advisers."
3. Books “All Your Welfare: The Main Money Plan for Life” and “The Trap of Two Incomes”. Elizabeth Warren
Elizabeth Warren is a US senator who even ran for president. She is an ardent fighter against corruption in the financial industry and was among the first to promote the idea of creating a Bureau of financial consumer protection. According to her firm conviction, the banking system deliberately makes the population remain poor and shrug off responsibility from their shoulders to the shoulders of customers.
“I advise all Kazakhstanis, including the financiers themselves, who, as practice shows, also make the wrong financial decisions in their personal lives,” Zhumanova notes.
4. “New behavioral economics. Why do people break the rules of the traditional economy and how to make money from it? ” Richard Thaler
Richard Thaler was nominated for the Nobel Prize for his hypothesis that people are not really rational and do not make rational decisions, unlike economists who create rational theories. As a result, we see that theories and behavior of people are completely different things that may not overlap.
Thaler studied the emotions that guide buyers and consumers - that is, you and me. He also figured out the difficulties that we encounter when choosing products, clothes, mortgages or financial services.
5. “The wealth of the family. How to save human, intellectual and financial capital in the family. ” James Hughes
Hughes shows the basic principles of managing the family and family capital and gives practical advice on how to grow precisely "family capital", which is based on kinship.
“After this book, I looked differently at the social tradition of new geraratim like read the books.
Have you read any of the above? ???
