How Long to Read The Missing Billionaires

How Long Does it Take to Read The Missing Billionaires?

It takes the average reader 7 hours and 8 minutes to read The Missing Billionaires by Victor Haghani

Assuming a reading speed of 250 words per minute. Learn more

Description

Over the past century, if the wealthiest families had spent a reasonable fraction of their wealth, paid taxes, invested in the stock market, and passed their wealth down to the next generation, there would be tens of thousands of billionaire heirs to generations-old fortunes today. The puzzle of The Missing Billionaires is why you cannot find one such billionaire on any current rich list. There are a number of explanations, but this book is focused on one mistake which is of profound importance to all investors: poor risk decisions, both in investing and spending. Many of these families didn’t choose bad investments– they sized them incorrectly– and allowed their spending decisions to amplify this mistake. The Missing Billionaires book offers a simple yet powerful framework for making important lifetime financial decisions in a systematic and rational way. It's for readers with a baseline level of financial literacy, but doesn’t require a PhD. It fills the gap between personal finance books and the academic literature, bringing the valuable insights of academic finance to non-specialists. Part One builds the theory of optimal investment sizing from first principles, starting with betting on biased coins. Part Two covers lifetime financial decision-making, with emphasis on the integration of investment, saving and spending decisions. Part Three covers practical implementation details, including how to calibrate your personal level of risk-aversion, and how to estimate the expected return and risk on a broad spectrum of investments. The book is packed with case studies and anecdotes, including one about Victor’s investment with LTCM as a partner, and a bonus chapter on Liar’s Poker. The authors draw extensively on their own experiences as principals of Elm Wealth, a multi-billion-dollar wealth management practice, and prior to that on their years as arbitrage traders– Victor at Salomon Brothers and LTCM, and James at Nationsbank/CRT and Citadel. Whether you are young and building wealth, an entrepreneur invested heavily in your own business, or at a stage where your primary focus is investing and spending, The Missing Billionaires: A Guide to Better Financial Decisions is your must-have resource for thoughtful financial decision-making.

How long is The Missing Billionaires?

The Missing Billionaires by Victor Haghani is 423 pages long, and a total of 107,019 words.

This makes it 143% the length of the average book. It also has 131% more words than the average book.

How Long Does it Take to Read The Missing Billionaires Aloud?

The average oral reading speed is 183 words per minute. This means it takes 9 hours and 44 minutes to read The Missing Billionaires aloud.

What Reading Level is The Missing Billionaires?

The Missing Billionaires is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Missing Billionaires?

The Missing Billionaires by Victor Haghani is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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