Pound Foolish

Pound Foolish

Exposing the Dark Side of the Personal Finance Industry

Book - 2013
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Describes how a financial column assignment revealed to the author the unethical machinations of the multi-billion-dollar personal finance industry and its false promises of quick and easy wealth, explaining how everyday investors are routinely misled by self-proclaimed money experts who exploit clients to increase their own wealth.
Publisher: New York : Portfolio/Penguin, 2013
ISBN: 9781591844891
1591844894
Branch Call Number: Business & Career 332.024 Ole

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gouldtra
Aug 18, 2015

The book was great! The author presents well written and good to know information that personal finance is not all rainbows and sunshine.
The dark side comes off depressing but was worth the knowledge of a larger context.

Jenny_Fry Oct 16, 2014

Very good critique of the personal finance industry - a must-read if you enjoy reading personal finance books.

s
StarGladiator
Jan 18, 2014

The author does a great job of chipping away at the phonies who make money by sellilng "success" while convincing people they "earned" their money, instead of practising various financial machinations. (Look into Brian Tracy's exploitation of people and structured finance real estate deals, for instance.) Even today, after the SEC investigation which exposed the financial frauds of Goldman Sachs and John Paulson and his hedge fund (e.g., the Abacus CDO), business reporters refer to how Paulson "bet against the subprime market" and other such fiction! [The historical accuracy of Horatio Alger was the he was both a Harvard University graduate and a pedophile.]

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charley280
Apr 29, 2013

The author criticized every money expert she cited. The hope for the future is to talk more.

I would have preferred that she provide an approach for personal investing that does work for the investor.

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