As an abbreviated guide, Mosier’s work won’t replace a more comprehensive discussion of the necessary financial preparations...
A solid overview of financial strategies for retirement.
The U.S. Census tells us that the first of some 80 million baby boomers will reach age 65 in 2011. While this has traditionally been the retirement age, economic conditions have forced many to delay the end of their working years. Nonetheless, a steady stream of books about financial planning for retirement continues to be published in an effort to prepare these boomers for their “golden years.” Mosier’s offering could be viewed as just another standard how-to book, but this short work does an admirable job of handling the topic, due in large part to the way it is written. The author, who has over 30 years of experience in financial services, knows how to distill a lot of investment talk down to the basics. She spends time discussing such key issues as the amount of risk an investor can tolerate and the need to diversify. Ordinarily, this would be financial advice available anywhere, but Mosier serves it up authoritatively, combining a serious explanation with a light touch of informality to achieve the right balance. She also includes just enough statistics to support the text. Similarly, Mosier covers the three major investment vehicles—equities, fixed-income and cash—in clear, simple language. Mosier includes chapters on mutual funds, asset allocation and global investing—an area of particular importance these days. She addresses other financial life needs that one must consider, such as funding a child’s college education. Finally, Mosier advises readers to make use of the investment research firm Morningstar, and to seriously think about consulting with a financial planner. She closes the book with a Resources section that helpfully includes both online and offline sources of information (for those not comfortable navigating the Internet) and a handy glossary.
As an abbreviated guide, Mosier’s work won’t replace a more comprehensive discussion of the necessary financial preparations for retirement, but it’s an excellent starting point.Pub Date: Sept. 7, 2010
ISBN: 978-1452056760
Page Count: 164
Publisher: AuthorHouse
Review Posted Online: Oct. 25, 2010
Review Program: Kirkus Indie
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...
A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.
The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.Pub Date: Nov. 1, 2011
ISBN: 978-0-374-27563-1
Page Count: 512
Publisher: Farrar, Straus and Giroux
Review Posted Online: Sept. 3, 2011
Kirkus Reviews Issue: Sept. 15, 2011
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These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.
A helpful guide to working effectively with people from other cultures.
“The sad truth is that the vast majority of managers who conduct business internationally have little understanding about how culture is impacting their work,” writes Meyer, a professor at INSEAD, an international business school. Yet they face a wider array of work styles than ever before in dealing with clients, suppliers and colleagues from around the world. When is it best to speak or stay quiet? What is the role of the leader in the room? When working with foreign business people, failing to take cultural differences into account can lead to frustration, misunderstanding or worse. Based on research and her experiences teaching cross-cultural behaviors to executive students, the author examines a handful of key areas. Among others, they include communicating (Anglo-Saxons are explicit; Asians communicate implicitly, requiring listeners to read between the lines), developing a sense of trust (Brazilians do it over long lunches), and decision-making (Germans rely on consensus, Americans on one decider). In each area, the author provides a “culture map scale” that positions behaviors in more than 20 countries along a continuum, allowing readers to anticipate the preferences of individuals from a particular country: Do they like direct or indirect negative feedback? Are they rigid or flexible regarding deadlines? Do they favor verbal or written commitments? And so on. Meyer discusses managers who have faced perplexing situations, such as knowledgeable team members who fail to speak up in meetings or Indians who offer a puzzling half-shake, half-nod of the head. Cultural differences—not personality quirks—are the motivating factors behind many behavioral styles. Depending on our cultures, we understand the world in a particular way, find certain arguments persuasive or lacking merit, and consider some ways of making decisions or measuring time natural and others quite strange.
These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.Pub Date: May 27, 2014
ISBN: 978-1-61039-250-1
Page Count: 288
Publisher: PublicAffairs
Review Posted Online: April 15, 2014
Kirkus Reviews Issue: May 1, 2014
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