2 ms·
It's a very terrible book BUT it was also super important, influential book at the time it was published. It can be both! As a child, I read this book in a boo
by ageitgey 2y ago
It's a very terrible book BUT it was also super important, influential book at the time it was published. It can be both!
As a child, I read this book in a bookstore. Nothing else like this was available to me in the suburbs with parents who didn't have any business experience. The idea of doing anything other than just "getting a job" was totally foreign. The book opened my mind to the idea that you don't have to work for someone else your whole life and that you want to build appreciating assets.
Literally everything else in the book is fluff or flat out wrong. It's not a good book. But for a lot of people, it was also life changing because it broke through in a place and a time when little else was available.
In 2024, we don't need this book. There is so much content available online that is so much better. Someone would get more out of reading a random page of the bogleheads wiki than this entire book. But I wouldn't call the book a "fraud" and I wouldn't deny the amount of influence it had decades ago when it first came out.