Skip to main content

Book: Uninvested

Uninvested promises on the cover to show you how "Wall Street hijacks your money" AND "how to fight back."

The first premise is one that few of us would likely dispute. Monks, with Jaffe and Lacasse, help demonstrate *how* and document cases, but there is really nothing surprising about this idea. While the overall evidence is that neither regulations nor industry "safeguards" really help, they do not advocate tearing them down. Admittedly, I think differently and recognize that there will always be more money in the private sector than in government and that greed will out rather than true regulation.

Still, the definite evidence presented helps clear the fog about how well the government regulates. It doesn't. And to keep clear this: money managers make a living, whether they make you a lot of money or not.

Further, Monks advocates strongly for being a better educated investor. I am all for it--and personally would suggest that less regulation would allow more people direct access to the markets.

Instead, Monks' suggestion still sets up investors in groups controlled by money managers. I think that's the Achilles's Heel in his plan--he fails to acknowledge that no system will work any better than the people who run it, and even his systems will attract greedy people to run them, in time.

Overall, the call for investors to get their heads out of the sand and pay attention is crucial. Further, the call to reform and improve regulation to allow better participation from detached investors is also worth looking at, though it's not much of a factor here.

I liked this book, but I felt like it could have been somewhat more practical in terms of clear tools for the everyday investor. I came away knowing I need to know more, knowing that companies don't want me to know more, not trusting that any financial adviser will help....and wondering just how to invest my money. Because even Monks' CIP involves trusting a financial adviser....

Informative but leaves one waiting for the next step.

Comments

Popular posts from this blog

Book Review: The Heart Mender by @andyandrews (Andy Andrews)

The Heart Mender: A Story of Second ChancesEver read a book that you just kind of wish is true?  That's my take on The Heart Mender by Andy Andrews.  It's a charming story of love and forgiveness, and it's woven into the historical setting of World War II America.  For the narrative alone, the book is worth the read, but the message it contains is well worth absorbing as well.However, let's drop back a minute.  This book was originally published under the title Island of Saints.  I read Island of Saints and enjoyed it greatly.  Now, Andrews has released it under a new title, with a few minor changes.  All of this is explained in the Author's Note at the beginning, but should be noted for purchaser's sake.  If you read Island of Saints, you're rereading when you read The Heart Mender.  Now, go ahead and reread it.  It will not hurt you one bit.Overall, the story is well-paced.  There are points where I'd like more detail, both in the history and the geog…

Abraham Lincoln Quoted by Jesus! Mark 3

Mark records a curious event in his third chapter (link). If you look at Mark 3:25, you'll see that Jesus quotes the sixteenth President of the United States, Abraham Lincoln. After all, one of the highlights of the Lincoln years is his famous speech regarding slavery in the United States where he used the phrase that "a house divided against itself cannot stand." This speech was given in 1858 when he accepted the nomination to run against Stephen A. Douglas for Senate, but is still remembered as the defining speech regarding slaveholding in the United States. I recall being taught in school how brilliant and groundbreaking the speech was, how Lincoln had used such wise words to convey his thought. Yet the idea was not original to Lincoln. Rather, it was embedded in Lincoln from his time reading the Bible. Now, I have read varying reports about Lincoln's personal religious beliefs: some place him as a nearly completely committed Christian while others have him somewh…

Book: The Gospel Call and True Conversion

A quick note: This book, The Gospel Call and True Conversion, is currently available on Kindle for $4.99. This is the second in a series of 3, and the first, The Gospel’s Power and Message, is available for $2.99.The Gospel Call and True Conversion. The title of this book alone sounds intimidating, and adding that it’s written by one of the heavyweights of American Reformed Christianity, Paul Washer, does not lessen the intimidation factor. Washer is known to be a straightforward preacher—for good or for ill.What did I find in The Gospel call and True Conversion? I found some things to like:1. Paul Washer is passionate for the truth. He wants to know the truth. He wants to proclaim the truth. He wants the truth heard. He wants you to know the truth. This is good. It is good to see someone not try to base theology on popularity or as a response to modern events, but to base it clearly on truth. 2. There is a strong emphasis on the reality that true conversion (from the title) will resu…