How destructive financial theories are embedded in the system

One of the key reasons why the world went through a gut-wrenching period for much of 2008, when markets were frozen and economies and institutions were destroyed, was ironically the very theories from financial economics that supposedly help companies raise money cheaply and make markets more efficient. This book shows how.

Most people find financial markets complex, investing too risky and the frequent ups and downs in stocks too unnerving and confusing. Financial markets also happen to be heavily regulated. One can’t blame investors for losing their way while figuring out the products, players and procedures, rules, regulators and risk-reward trade-offs. This book is designed to help new as well as experienced...

The difference between being rich and acting rich is huge

We all think that millionaires must be splurging their money on brands. Well, sample this. More millionaires wear Seiko instead of Rolex, or drive a Toyota instead of a BMW. You wouldn’t believe that three times more millionaires live in modest homes valued at under $300,000 than homes that cost over $1 million.

Thomas Stanley...