Category Books

MacKenzie and Hawkins’s “New Rules of Retirement- What your financial advisor isn’t telling you”

MacKenzie and Hawkins’s “New Rules of Retirement- What your financial advisor isn’t telling you” Just finished reading this new book by MacKenzie and Hawkins; it is a quick read that covers a good breadth of retirement finance. The book consists of “38 Rules”. Rule 1 is to “Throw away old retirement myths” such as: retirement […]

Findependence Day by Jonathan Chevreau

Findependence Day by Jonathan Chevreau I just finished reading Jonathan Chevreau’s new book Findependence Day. I would highly recommend it to all just starting their working lives or newlywed/partnered couples. The story of this fictional young couple with their personal and financial struggles not only made very interesting reading, but it is the framework for […]

“Spend ‘Til the End” by Laurence Kotlikoff and Scott Burns

“Spend ‘Til the End” by Laurence Kotlikoff and Scott Burns Laurence Kotlikoff and Scott Burns challenge conventional financial planning in their new book “Spend Till the End”. They say that conventional financial planning is guaranteed to make you financially sick. By the way, Kotlikoff implemented the approach/ideas in his planning tool ESPlanner ($149) which I […]

“Foundation & Endowment Investing”by Lawrence E. Kochard and Catheleen M. Rittereiser

“Foundation & Endowment Investing”by Lawrence E. Kochard and Catheleen M. Rittereiser Background This book is based on a series of interviews with Chief Investment Officers (CIOs) of a dozen of foundations and endowments.  The purpose of this blog is to summarize some lessons that individuals may be able to learn from these CIOs. “Foundations and […]

Are you a Stock or a Bond? Create Your Own Pension Plan for a secure Financial Future by Moshe Milevsky

Are you a Stock or a Bond? Create Your Own Pension Plan for a secure Financial Future by Moshe Milevsky This book addresses some of the more recent thinking and more subtle but critical aspects of financial planning for/in retirement. It is especially useful, not because it tells you how to do things, but it […]

“The Investor’s Dilemma- How mutual funds are betraying your trust and what to do about it”

Louis Lowenstein “The Investor’s Dilemma- How mutual funds are betraying your trust and what to do about it” Lowenstein tables a shocking indictment of the U.S. mutual fund industry. He paints an industry which started out as a ‘trust’ where managers behaved as fiduciaries on behalf of customers who didn’t have the time, skill or […]

“A Demon of Our Own Design” by Richard Bookstaber

“A Demon of Our Own Design” by Richard Bookstaber Bookstaber’s book is appropriately subtitled Markets, Hedge Funds, and perils of Financial Innovation. He systematically looks at what precipitated the ‘Crash of 1987’ and LTCM, and Value Jet and Chernobyl. The catastrophic failures are usually the result of complexity mixed with tight coupling giving rise to […]

The Black Swan by Nassim Taleb (The Impact of the Highly Improbable)

The Black Swan by Nassim Taleb (The Impact of the Highly Improbable)  Just finished reading Nassim Taleb’s “The Black Swan” and I enjoyed it even more than his previous good book “Fooled by Randomness” (not that it wasn’t a good read). Taleb defines a Black Swan is an event which: 1. Is an outlier, i.e. […]

“How to Retire Happy, Wild and Free” by Ernie J. Zelinski

“How to Retire Happy, Wild and Free” by Ernie J. Zelinski While this website is focused on the financial aspects of retirement, I could not resist sharing with you a book that I just read, about a completely different dimension of retirement. In fact the book is subtitled as “Retirement wisdom that you won’t get […]

Benoit Mandelbrot’s “The (Mis)behavior of Markets”

Benoit Mandelbrot’s “The (Mis)behavior of Markets” Mandelbrot’s book is both interesting and disturbing. Interesting because he not only takes the reader through the basic ideas behind the history/evolution of finance theory as practiced today, but also some of the stories of the people who were the originators of the ideas; disturbing, because he asserts (reminds […]