Free Book!
- Rick Ferri
- Posts: 9708
- Joined: Mon Feb 26, 2007 10:40 am
- Location: Georgetown, TX. Twitter: @Rick_Ferri
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Free Book!
Actually, my first book on investing, written 1998 and published in 1999 has been free for a long time. But you may not have known about it.
Serious Money; Straight Talk About Investing for Retirement.
Here is the good news. I just finished rereading the book and to my surprise (not really) nothing has changed in 15 years! Well, I have more gray hair than the picture on the cover, but that's the biggest change.
Here is a snippit:
In the early 1900s, Harry Houdini exposed widespread fraud in the fortune telling industry. Houdini offered a large reward to anyone who could prove they could speak to the dead. Though many soothsayers tried to fool Houdini, he uncovered all their tricks. No one ever collected the prize.
Today, market timers run a similar business as Houdini’s spiritualists. Their skill is not in predicting the direction of financial markets - it is in marketing their predictions. It does not matter if an advisor has no skill in choosing superior investments, what’s important is to convince the public that they have special insight. These modern day soothsayers understand that selling their investment advice is much more profitable than following it. No broker has ever gotten rich by purchasing the products they peddle. They get rich off the commissions and fee charged to the gullible public.
Download it, copy it, send it around - the price is right!
Rick Ferri
Serious Money; Straight Talk About Investing for Retirement.
Here is the good news. I just finished rereading the book and to my surprise (not really) nothing has changed in 15 years! Well, I have more gray hair than the picture on the cover, but that's the biggest change.
Here is a snippit:
In the early 1900s, Harry Houdini exposed widespread fraud in the fortune telling industry. Houdini offered a large reward to anyone who could prove they could speak to the dead. Though many soothsayers tried to fool Houdini, he uncovered all their tricks. No one ever collected the prize.
Today, market timers run a similar business as Houdini’s spiritualists. Their skill is not in predicting the direction of financial markets - it is in marketing their predictions. It does not matter if an advisor has no skill in choosing superior investments, what’s important is to convince the public that they have special insight. These modern day soothsayers understand that selling their investment advice is much more profitable than following it. No broker has ever gotten rich by purchasing the products they peddle. They get rich off the commissions and fee charged to the gullible public.
Download it, copy it, send it around - the price is right!
Rick Ferri
The Education of an Index Investor: born in darkness, finds indexing enlightenment, overcomplicates everything, embraces simplicity.
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- Posts: 674
- Joined: Tue Jun 01, 2010 4:41 pm
Re: FREE BOOK!
Thanks, downloaded and transferred to my Nook. I look forward to reading it!
Today's high is tomorrow's low.
Re: FREE BOOK!
Actually, your book has been in the wiki for quite a while: Taylor Larimore's Investment Gems
There are 2 other free books listed in the wiki. The direct links:
- Road Map for Investing Success - by pkcrafter
- Investing Strategies for the 21st Century - by Frank Armstrong
There are 2 other free books listed in the wiki. The direct links:
- Road Map for Investing Success - by pkcrafter
- Investing Strategies for the 21st Century - by Frank Armstrong
- Rick Ferri
- Posts: 9708
- Joined: Mon Feb 26, 2007 10:40 am
- Location: Georgetown, TX. Twitter: @Rick_Ferri
- Contact:
Re: FREE BOOK!
Free is good! Unlike most investment advice where you pay a lot and earn far less than the markets, on this forum you pay nothing and earn your fair share of a market returns!
What a country.
Rick Ferri
What a country.
Rick Ferri
The Education of an Index Investor: born in darkness, finds indexing enlightenment, overcomplicates everything, embraces simplicity.
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- Posts: 411
- Joined: Sat Jan 19, 2013 12:55 am
Re: FREE BOOK!
Very much appreciated. Reinforcement of the core principles is always good.Rick Ferri wrote:Free is good! Unlike most investment advice where you pay a lot and earn far less than the markets, on this forum you pay nothing and earn your fair share of a market returns!
What a country.
Rick Ferri
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- Joined: Wed Oct 24, 2007 3:22 pm
Re: Free Book!
It does not matter if an advisor has no skill in choosing superior investments, what’s important is to convince the public that they have special insight.
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Snake oil salesman. The name changes, but the substance (or lack thereof) remains the same.
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Snake oil salesman. The name changes, but the substance (or lack thereof) remains the same.
Re: Free Book!
Thanks Rick. Always looking for things to read on the computer. Sound advice is timeless.
'It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so!' Mark Twain
- Taylor Larimore
- Posts: 32842
- Joined: Tue Feb 27, 2007 7:09 pm
- Location: Miami FL
Re: Free Book!
Bogleheads:
For a bit of nostalgia, this is a post I made on the old Morningstar Vanguard Diehard Forum in 2001 after reading Rick's free online book:
http://socialize.morningstar.com/NewSoc ... stID=47707
Thank you, Rick.
Best wishes.
Taylor
For a bit of nostalgia, this is a post I made on the old Morningstar Vanguard Diehard Forum in 2001 after reading Rick's free online book:
http://socialize.morningstar.com/NewSoc ... stID=47707
Thank you, Rick.
Best wishes.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle
Re: Free Book!
Thanks Rick.
Taylor, thanks for adding the last part. Fun read for sure.
Taylor, thanks for adding the last part. Fun read for sure.
Re: Free Book!
Thanks Rick. I look forward to reading it and sharing it.
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!
Re: Free Book!
Thanks Rick. I will download it when I get home from work. I just sent the link to a coworker in hopes of getting back my copy of the second edition of All About Asset Allocation. He has only had it for a year.
- Rick Ferri
- Posts: 9708
- Joined: Mon Feb 26, 2007 10:40 am
- Location: Georgetown, TX. Twitter: @Rick_Ferri
- Contact:
Re: Free Book!
I've loaned books to several friends who are also slow readers.
Rick Ferri
Rick Ferri
The Education of an Index Investor: born in darkness, finds indexing enlightenment, overcomplicates everything, embraces simplicity.
Re: Free Book!
Thanks Rick. I downloaded it a month or two ago when you posted it in a thread on how to calculate performance returns. The thing that really stood out in it for me was your example of chasing the hot dot and the PBHG Growth Fund. I was one of those people that got into that fund after it had made all its great returns. I had discovered the fund after reading Money magazine. If I only knew then, what I know now.
- Random Musings
- Posts: 6771
- Joined: Thu Feb 22, 2007 3:24 pm
- Location: Pennsylvania
Re: Free Book!
Years ago, I printed it out for a friend. After that, he's all index/passive.
RM
RM
I figure the odds be fifty-fifty I just might have something to say. FZ
Re: Free Book!
A lot of things haven't changed since 1999. For example, the NASDAQ is still at the same level. Only difference is I don't have any smug fools telling me how I fail to comprehend how the Internet has entirely changed investing. Soon as their investments in GotNoEarnings.com went down the toilet they all went away.
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Re: Free Book!
Some of those investments may not have had earnings, but they did have five zillion web "hits".Karl wrote:A lot of things haven't changed since 1999. For example, the NASDAQ is still at the same level. Only difference is I don't have any smug fools telling me how I fail to comprehend how the Internet has entirely changed investing. Soon as their investments in GotNoEarnings.com went down the toilet they all went away.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
Re: Free Book!
Thank you! I downloaded it and look forward to reading it.
Re: Free Book!
Thanks Rick. More free stuff for me to read.
Never underestimate the power of the force of low cost index funds.
Re: Free Book!
Adding to the list, Steve Schullo just announced a limited time free download on his book: Subject: New book available. Get yours FREE Dec 22 & 23 [& Feb 3]
sschullo wrote:UPDATE:
In case you missed the last free offering, our book Late Bloomer Millionaires will be offered free on as an ebook on Amazon once again this Sunday, February 3rd, starting at midnight and ending 24 hours later.
http://www.amazon.com/Late-Bloomer-Mill ... llionaires
Thanks to all of you for your interest and who wrote a review on Amazon.
- bogleblitz
- Posts: 506
- Joined: Mon Oct 01, 2012 2:51 pm
Re: Free Book!
Someone update the wiki links to the 3 free books. The 3 links are all broken here:
http://www.bogleheads.org/wiki/Financia ... logs#Books
http://www.bogleheads.org/wiki/Financia ... logs#Books
Re: Free Book!
Thanks, the links are fixed: Financial Websites and Blogs (Books)