Michael Edesess Orden de los libros

Managing your money can be stressful. And confusing and complicated advice from the financial industry just makes it harder. But as the authors of this clear, practical, and enlightening book—part financial guide, part exposé—prove, there are just three simple rules you need to follow and only a few investment products that are necessary for an ideal portfolio. That’s it. And the authors dispense with all that “expert” advice by deftly debunking what they call investing’s Seven Deadly Temptations. By embracing commonsense solutions and rejecting investments that seem enticing but are needlessly complex, overpriced, and risky, you’ll put not only yourself in a stronger position but the entire economy as well.

Simplifying personal finance, the authors present three essential rules for managing money effectively, challenging the confusing advice often given by the financial industry. They expose the pitfalls of investing through the "Seven Deadly Temptations," advocating for straightforward, commonsense solutions. By focusing on a few necessary investment products and avoiding complex and risky options, readers can strengthen their financial standing and contribute positively to the economy. This book serves as both a practical guide and a critical look at common financial misconceptions.

In July 1971, Michael Edesess began his career in finance, quickly discovering that professional investors consistently failed to outperform market averages, contrary to industry claims. He reveals that mutual funds often perform no better than random chance, undermining the rationale for hiring financial advisors. Edesess critiques the industry's acceptance of this "Big Investment Lie" and provides practical guidance through his Ten New Commandments for Smart Investing, aimed at empowering investors to achieve greater financial success without relying on professional managers.