Although DeMuth has written other investment books for us common folk, this one is aimed at advising the already affluent. Not rich, mind you. Just affluent, which DeMuth defines as anyone with investable financial assets between $100,000 and $10,000,000. If you’ve ever wondered where you stand on the affluence-o-meter, now you know. “The only man who feels rich is the man who loves what he has”
Clearly, I’m not the target audience for this book, but I did get a few things out of it and I would actually be interested in reading some of his books for the not so affluent. DeMuth is someone you naturally want to listen to. He doesn’t make any promises about getting rich. He’s a very conservative investor. He spends much of this book explaining how to spot various finance professionals who are just going to give you a bad deal to make themselves richer.
His advice is not a step-by-step program to get wealthy. Rather, it is a guide showing where your risks lie, how to find the right person to manage your assets, what the signs are that your being cheated or treated unfairly. He’s friends with Ben Stein and manages to make reference to The Wizard of Oz and Charles Dickens. PLUS, the book is wrapped in a $100 bill!
Rating = 3