The Wealth Equation

by Peter J. Tanous

Book Overview

Having trouble developing a consistent and profitable investment strategy? Are your stocks really making you any money? If you find yourself asking these questions, then you may want to give Peter J.... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0735200688
• ISBN13: 9780735200685
• Release Date: January 1999
• Publisher: Prentice Hall Press
• Length: 320 Pages
• Weight: 1.50 lbs.
• Dimensions: 1.2" x 6.5" x 9.3"

Customer Reviews

Very Insightful

This is the first investing book I have read which goes beyond the typical "Are you Very Aggressive vs are you Conservative?" question. By using the personality profile quiz, one reaches a deeper understanding of their investing psyche. From this one can develop an investing plan which works for HIM/HER! My wife and I both took the quiz and were enlightened with our different attitudes towards money/investing.The asset allocation pies are very helpful and much more specific than most I've seen. I highly recommend it.

Plain English Formula for Creating Wealth

I enjoyed Tanous's previous book, Investment Gurus, and this one lives up to what I would expect from him. Tanous speaks plain English and, unlike so many others, doesn't over-promise. Here is a formula for creating wealth in an intelligent, easy to follow, way which takes into account one's personal profile. I loved taking the test and learning what I was really like as an investor! The advice is sound, the writing is conversational, and I came away feeling like I had finally learned something which I could use to reach my goals on the stock market. Highly recommended!

Best practical wisdom for investors in one volume!

An avid reader and financial planner since 1972 I can encourage new and experienced investors alike to read this book for "practical wisdom" adding excellent personal self understanding to make a portfolio and investment program really work. Reflects both research and experience of many sound and successful investment managers.

No Gimmicks, Just the Facts

This book, at times, overstates your chances of getting rich in the stock market. However, it does give a healthy, commonsense perspective of the market and what it takes to perform well given your personality characteristics. Tanous interviews several financial wise men. I love this quote by Victor Niederhoffer, "You should always have a system, even if it's a bad system. It gives one strength and it prevents one from being exposed to the psychological biases and improper decision making. There are movements in markets that induce one to have a visceral reaction to events, and that's the wrong way. A systematic edge can be a piece of knowledge or an insight that others haven't taken into account." These words are especially important given the internet mania we are experiencing at the moment.

Instilled confidence, contained real wisdom, jazzed me up!

Every big name on Wall Street you'd want to corner in an elevator just told me how to turn my little four-figure portfolio into something real. I took the MoneyQ test and FINALLY felt understood. I don't care about money the way society says I should, and this book showed me how to make money by going WITH my personality instead of against it. It's OK to be me, and I CAN STILL INVEST WELL ENOUGH TO RETIRE! Thank you, Peter Tanous and Shoya Zichy, for showing real people real ways to get theirs and still sleep at night!