A tough, blunt, insightful examination of money matters.
A sweepingly comprehensive overview of personal finance.
Barbera’s handbook of fiscal literacy begins with a stark opening sentiment: “There is no independence without financial independence.” He’s not here to tell his readers what they should do with their money, only what they could do, always keeping in mind that the fundamentals of money management never change. This book provides a primer on those fundamentals, everything from balance sheets to quarterly reports to profit and loss statements, IPOs, mutual funds, cryptocurrency hedge funds, and all manner of stocks. While always acknowledging that “math is remorseless,” Barbera seeks to “demystify financial wealth” by carefully explaining the potential risks and rewards of all the things people can do with their money. He’s careful to consistently remind his readers that he is not offering a one-size-fits-all set of instructions; rather, he encourages them to take stock of themselves and their own financial needs and wants. Each aspect of finance and investment is first described and then analyzed for its inherent strengths and weaknesses, and all of this is offered in clear, opinionated prose that’s always knowledgeable but never overbearing. The author’s realistic perspective is especially sharp when it comes to investing in the stock market; he notes that “panic is a terrible emotion to act on,” and he holds a dim view of so-called market expertise. “One of the worst things you can do is buy and sell and buy and sell some more,” he writes. “When you attempt to guess what the market will do…you might just as well gaze into your crystal ball.” Barbera is likewise frank about his own preferences (“I’ve flat-out said that I don’t like annuities, won’t buy gold, and don’t care much for bonds”), neatly separating his likes and dislikes from the advice he’s dispensing. The combination results in a sense of intense reliability—readers looking for a solid financial grounding should look here.
A tough, blunt, insightful examination of money matters.Pub Date: Jan. 27, 2025
ISBN: 9781947431577
Page Count: 219
Publisher: Mentoris Project
Review Posted Online: April 4, 2025
Kirkus Reviews Issue: May 15, 2025
Review Program: Kirkus Indie
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
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
BOOK REVIEW
IN THE NEWS
IN THE NEWS
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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