A very nice review of my book appeared in Forbes. By “nice” I mean three things. First, it was quite flattering, which of course is always welcome for an author. Second, it was written by a very nice guy, Simon Constable, with whom I overlapped for three years when both of us were at The Wall Street Journal . Third, the book’s message and unique perspective clearly came through.
Let me explain. Simon is, like me, a rare bird in financial journalism, having come from the finance industry. It’s a heck of a pay cut but also a heck of an advantage for the perspective it gives you. Like me, Simon knows that the emperor has no clothes when it comes to high-priced investing advice. Not only did he understand the book but he understood why I wrote it which is, well, nice.
A quote from the review:
The book gives a deep and realistic insight into how investing really works. I too worked in research on Wall Street, and what he says reflects how things actually work, or don’t work.
Jakab points out that there was more of a reason for him to write the book rather than fulfilling a demand for idle curiosity about the inner workings of one of the most misunderstood sectors of the economy. It’s that 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.
Heads I Win, Tails I Win will be available everywhere fine books are sold on July 12th.