How I Invest My Money

Finance Experts Reveal How They Save, Spend, and Invest

De: Joshua Brown, Brian Portnoy

Narrado por: Jack Ares, Destiny Shegstad

The world of investing normally sees experts telling us the “right” way to manage our money. How often do these experts pull back the curtain and tell us how they invest their own money? Never. How I Invest My Money changes that.

In this unprecedented collection, 25 financial experts share how they navigate markets with their own capital. In this honest rendering of how they invest, save, spend, give, and borrow, this group of portfolio managers, financial advisors, venture capitalists, and other experts detail the “how” and the “why” of their investments. They share stories about their childhood, their families, the struggles they face and the aspirations they hold. Sometimes raw, always revealing, these stories detail the indelible relationship between our money and our values. Taken as a whole, these essays powerfully demonstrate that there is no single “right” way to save, spend, and invest. We see a kaleidoscope of perspectives on stocks, bonds, real assets, funds, charity, and other means of achieving the life one desires. How I Invest My Money inspires listeners to think creatively about their financial decisions and how money figures in the broader quest for a contented life.

With contributions from: Morgan Housel, Christine Benz, Brian Portnoy, Joshua Brown, Bob Seawright, Carolyn McClanahan, Tyrone Ross, Dasarte Yarnway, Nina O'Neal, Debbie Freeman, Shirl Penney, Ted Seides, Ashby Daniels, Blair duQuesnay, Leighann Miko, Perth Tolle, Josh Rogers, Jenny Harrington, Mike Underhill, Dan Egan, Howard Lindzon, Ryan Krueger, Lazaetta Rainey Braxton, Rita Cheng, and Alex Chalekian.

©2020 Harriman House (P)2020 Harriman House

Interesting concept, questionable execution

The book does what it says it will do: tell you how money managers manage their own money. But having gleaned this information, it falls a bit flat.

The book begins with a strange recitation of all the thing Josh has talked about on CNBC, which covers at least two minutes and feels largely like an exercise in ego stroking. From there, it proceeds to a near-total cop-out: the chapter from Morgan Housel is lifted--word for word--out of Housel's own book, Psychology of Money. Other advisors' stories are more original, but still open with multi-minute laudatory throat-clearing.

The stories are an interesting mix and show how different people value different investments. Some value dividends because they're cash in hand, while others value their own business because they think they can control it, or so-called 'hard assets' like land, art, and wine because they're tangible. All three are, of course, biases: dividends dont make stocks safer, no one can "control" his own business because all bisiness is economy dependant, and being able to touch something doesn't make its value 'real'. Behavioral and hindsight bias may have been the biggest themes: touting past success in cryto, start-ups, and 'betting on myself' because they worked, not because the strategy had to work.

The book seems to have some definite 'bull market' biases, and the recent economic downturn maks it ripe for an update. How do the crypto investors feel now that crypto is melting down?

Another thing I took away is that all the folks profiled seem to generate lucrative livings from managing other people's money. Something to keep in mind when selecting an 'advisor.' The book didn't answer the age-old question: where are the customer's yachts?

Perhaps the book does exactly what it set out to do: show that financial advisors are subject to, and driven by, the same cognitive biases that afflict everyone else. Keep this in mind when determining whether an advisor will save you from yourself. Maybe worth reading to reassure yourself that advisors aren't Supreme beings.

Great content, bad, male narrator

This is a terrific book, and I encourage anyone interested in the insights to listen to it. I picked up a few things I hadn’t heard about before and learned that we’re not far off in our own approach to financial investing.

I had a hard time, listening to the male narrator. He’s got this great DJ voice, but it sounds very pompous for the book. I expect his style goes really well for radio commercials and perhaps TV commercials, but I struggled with it for the long form narration.

The female narrator was great.

good one

practical, relevant, and relateable

i thoroughly enjoyed the book

easy listen; useful and intriguing

Or what I expected!

I expected more info from Dave and Josh. Their part was SO minor to the book. Some of the other content was good but this book was advertised as the 2 main authors would be the main story. FALSE! Don’t pay the price for this book.

Audio Version of a Blog

It’s good information but lower expectations if you expect this to be a book, as it’s essentially a collection of short blogs read aloud.

Miss leading title

This is very misleading sum it up in a nut shell. They invest in ETFs and paid off their home mortgages. Disappointing I thought it was going to teach me something I didn’t already know.

Obnoxious Narrator

I have no idea if the book is any good. Couldn’t handle 2 minutes of the narrator voice. It’s like the narrator decided a book about investing is boring so he over animated every single word.