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03333aam a22003978i 4500 001 641187FCB1E111EEB4F25BF24EECA4DB 003 SILO 005 20240113010006 008 230421s2023 nju b 001 0 eng 010 $a 2023019318 020 $a 1119747910 020 $a 9781119747918 035 $a (OCoLC)1350638828 040 $a DLC $b eng $e rda $c DLC $d OCLCF $d UKMGB $d IMD $d OCLCO $d UAP $d OCLCQ $d SILO 042 $a pcc 043 $a n-us--- 050 00 $a HC110.W4 $b H26 2023 082 00 $a 305.5/2340973 $2 23/eng/20230828 100 1 $a Haghani, Victor, $e author. 245 14 $a The missing billionaires : $b a guide to better financial decisions / $c Victor Haghani, James White. 263 $a 2310 264 1 $a Hoboken, New Jersey : $b Wiley, $c [2023] 300 $a xxiv, 384 pages : $b illustrations ; $c 24 cm 504 $a Includes bibliographical references and index. 505 0 $a Foreword -- Preface -- About the authors -- Acknowledgments -- Introduction: the puzzle of the missing billionaires -- Section I. 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. Section II: lifetime spending and investing. Spending and investing in retirement -- Spending like you'll live forever -- Spending like you won't live forever. Section III: where the rubber meets the road. 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. Section IV: puzzles. How can a great lottery be a bad bet? -- The equity risk premium puzzle -- Their 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 -- Endnotes -- Suggested reading -- References -- Index. 520 $a "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.6 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"-- $c Provided by publisher. 650 0 $a Wealth $z United States. 650 0 $a Billionaires $z United States. 650 0 $a Investments $z United States. 650 7 $a Investments $2 fast $0 (OCoLC)fst00978234 650 7 $a Wealth $2 fast $0 (OCoLC)fst01172973 776 08 $i Online version: $a Haghani, Victor. $t Missing billionaires $d Hoboken : Wiley, 2023 $z 9781119747932 $w (DLC) 2023019319 941 $a 1 952 $l GZPE631 $d 20240305022608.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=641187FCB1E111EEB4F25BF24EECA4DB 994 $a C0 $b IW3Initiate Another SILO Locator Search