No, it isn’t about food, travel, or human stupidity, though maybe I’ll get around to those subjects one of these days. It’s called Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor and is being published by Penguin/Random House. It goes on sale on July 12th but is available for pre-order wherever fine books are sold.
If you permit me a moment of immodesty, I’d include mine on the list of “fine” books too, and not just because the reviews have been good. Most books that claim to help you with your finances are dry and self-promotional. Mine is neither. I think you’ll actually like reading it and I’m not selling anything. Well, I’m selling a book, but you will already have bought it by that point, so …
It contains the very best advice I know for individual investors and delivers the message in the way I think is most likely to be followed. It also has some shocking stats on how awful individual savers are without realizing it. The book is very much aimed at the novice investor but financial types who have read advance copies found a lot of good information in it as well.
I hope you check it out and consider purchasing it either for yourself or a loved one who can use a little guidance. I’ve copied some of the breathless praise below:
“The book gives a deep and realistic insight into how investing really works… while most people can’t fix the appliances in their home, they are now required to be part time money managers of their retirement investments through their 401k or IRA plans. Unfortunately, most people woefully lack the financial education to do so. His book makes a dent in that knowledge deficit, at least for those who read it.” —SIMON CONSTABLE, Forbes
“Jakab has plenty of sensible advice—especially for the novice, who is unlikely to be able to select securities or even to pick people who have that skill. He laments that people who would never presume to fix their own refrigerator have the burden of managing their money.”—ROGER LOWENSTEIN, Fortune Magazine
“Jakab’s efforts to acquaint readers with the basic realities of the market and to provide an insider’s view of how to approach money management will be comprehensible to even the most intimidated reader. Energetic and engaging, this is required reading for anyone who’d like to retire ahead of the game.” —PUBLISHER’S WEEKLY