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| Availability Label | Location | Shelfmark | Availability | Reservations |
|---|---|---|---|---|
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Central Branch | Non 305.52340973 Hag | On loan until: 26/Mar/25 |
2 |
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Full Record Details Table
| Title Statement | The missing billionaires: a guide to better financial decisions / Victor Haghani, James White. |
|---|---|
| Author | Haghani, Victor |
| Additional Contributors | White, James |
| Publication | Hoboken, New Jersey: Wiley,[2023]©2023 |
| Extent of Item | xxiv, 384 pages |
| ISBN | 9781119747918 (hardcover) |
| Other Number | pr06730712 |
| Contents | Introduction : the puzzle of the missing billionaires --Befuddled betting on a biased coin --Size matters when it's for real --A taste of the Merton share --How much to invest in the stock market? --The mechanics of choice --Criticisms of expected utility decision-making --Reminiscences of a hedge fund operator --Spending and investing in retirement --Spending like you'll live forever --Spending like you won't live forever --Measuring the fabric of felicity --Human capital --Into the weeds : characteristics of major asset classes --No place to hide : investing in a world with no safe asset --What about options --Tax matters --Risk versus uncertainity --How can a great lottery be a bad bet? --The equity risk premium puzzle --The perpetuity paradox and negative interest rates --When less is more --The Costanza trade --Conclusion : u and your wealth --Bonus chapter : liar's poker and learning to bet smart --Cheat sheet --A few rules of thumb. |
| Bibliography | Includes bibliographical references (pages 343-372) and index. |
| Summary | "Moving from coin flipping to real world investing, there's a large body of evidence suggesting that investors also do a poor job when it comes to sizing major financial decisions. One example is that in aggregate, individual investors severely under-perform market returns. Some of this underperformance comes from paying high fees, but much also arises from having too much or too little at risk, usually at just the wrong times. As Victor suggested in his 2013 TEDx talk, "Where Are All The Billionaires And Why Should We Care?" the rapid dissipation of dynastic wealth in the US over the past 120 years comes in large part from poor investment sizing decisions"-- |
| Subjects & Genres | |
| By Topic | Billionaires--United States |
| Investments--United States | |
| Rich people--Finance, Personal--United States | |
| Wealth--United States | |
