*Disclaimer: I’ve included affiliate links below, where you can order this book through Kindle, Audible, or hard-copy. When you buy through these links, I earn a commission. Thank you for supporting my blog! <3
The Investment Answer, by Gordon Murray & Daniel Goldie
From the the moment I read the inside cover of The Investment Answer, I fell in love with the backstory:
Gordon Murray, a hardened, 25-year Wall Street veteran receives news that he has a terminal illness, and has only 6 months to live.
So, he calls up the smartest financial advisor he knows, and they write a book. Their goal: Expose the strategies that the elite investors keep hidden from the public in order to keep all the profit to themselves.
10/10 vision! But is 6 months enough time for 2 guys to write a book with enough value to warrant picking up for yourself?
Let’s find out.
The very first chapter discusses the differences between managing your investments yourself, versus leaving it to a professional advisor. To my disappointment, the authors totally diss the individual approach, shunning it as “difficult, time-consuming, and emotionally-taxing,” and straight-up recommending that you let a financial advisor handle your money.
Uh…aren’t we reading this book to learn about investing, so we can take control of our finances?
I get it- the stock market is a wild place, and certainly not for everyone (the vast majority of people fall into this camp). But are these people the ones that proactively read books about investing?
Interesting way to start things off, but let’s continue.
As the book goes on, it does grow on me- but it definitely maintains a clear theme:
“Deploying a safe, ultra-diverse investing strategy is the way to go. Taking big risks is a fools game, and only a few of these hotdogs end up beating the market with their stock-picking fanciness.”
While the safe approach is ideal for many people (probably the majority), it is not for me.
I’m a risk-taker at heart, and that is as obvious as ever when you look at my portfolio (I’ll be posting it soon, SUBSCRIBE if you want to see it!)
Could I lose everything, and wind up living in a cardboard box if Tesla and Bitcoin (my top 2 holdings as of this writing) go down the drain? Absolutely. But I’d rather take on some added risk than miss out on the next big thing.
I admit that historically, the authors are correct.
Very few people can consistently beat the market in the long-term. But the thing is…I don’t trust history one bit in this day and age. I believe change is happening faster than ever, and will only accelerate for the rest of our lives.
We’re in completely uncharted territory. I predict that those who take the slow and steady strategy will be left in the dust, while the bold risk-takers of the world are in for something special.
I’m betting on utter madness, and at this point in time, nobody can convince me otherwise. That’s why the safe, diversified approach that this book preaches simply isn’t my jam.
I know I dunked on this one a little bit in the previous section, so let me clarify why I’m being fairly generous here: The Investment Answer is NOT a terrible book. It’s just very biased against my personal beliefs, so I wanted to discuss that truthfully.
It does have some really good points, and the fact that it’s condensed into a book that you can read in a single sitting is extremely impressive.
Overall, it doesn’t shock me that The Investment Answer is rarely mentioned in investing book discussions….but for amount the time it will take you to read, it’s certainly worth picking up.
PS: Massive respect to the author(s) for creating this book in the time frame they had, and sharing their knowledge with the world during Gordon Murray’s final days. That’s an epic, inspirational way to go.
Regardless of my thoughts on the books I review, I always include my Amazon Affiliate links. If you buy this book, or anything else on Amazon within 24 hours of clicking one of my links, I get paid a commission for the referral.
Thanks for the support, friends!
More Book Reviews
- Click Here to view my complete list of book reviews
- Click Here to order any book from my reading list
Hello, i thunk that i ѕaw уou visitted my sіte thᥙs i came to
“return the favor”.I am tryіng to find tings to іmprove
my web site!I suppose its ok to use a ffew of your
Ιf you are goіng for best ｃontents like I do, jist pay
a quick ᴠisіt this wｅbsite all tthe time since it gives feature contents,
Sweet bloց! I found it while browsing on Yahoo News. Do you haѵe
any sᥙggeѕtions on how to get liѕted in Yahoo News?
I’vе been trying for a whiⅼe but I never seem tto get there!
My rеⅼatives always say that I am қilling my time here at web, exceрt Ӏ ҝnow
I am getting experience alⅼ the tine by гeading theѕ pleasant posts.
Hi my loved one! I wish to say that this post is awesome, nice
written and come with approximately all important infos.
I would like to see more posts like this .
I know this website presents quality depending posts and extra information, is there any other website which offers these things
I would like to thank you for the efforts you have put
in writing this site. I really hope to view the same high-grade content by you
in the future as well. In fact, your creative writing abilities has encouraged me to get my own site now 😉
Good day! I could have sworn I’ve been to this website before but after going through
a few of the articles I realized it’s new to me. Regardless, I’m
certainly pleased I stumbled upon it and I’ll be book-marking
it and checking back regularly!