BillyOblivion comments on The 5-Second Level - Less Wrong

111 Post author: Eliezer_Yudkowsky 07 May 2011 04:51AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (310)

You are viewing a single comment's thread. Show more comments above.

Comment author: BillyOblivion 13 May 2011 10:54:24AM 0 points [-]

Is there any financial advisor or financial book that you can recommend without reservation and that people can take without exercising caution?

Comment author: gjm 13 May 2011 02:19:49PM 2 points [-]

I doubt it. But there are some for which no more caution is needed than could be taken largely for granted with an intelligent bunch of people like the readership of Less Wrong, and some that aren't very approachable by anyone who isn't quite expert already. There's no need to say "exercise caution" about those. It appears that Kiyosaki's book is very approachable and may be very unreliable. That's an especially dangerous combination, if true.

Comment author: Blueberry 30 March 2012 11:23:27AM 0 points [-]

The classic is Andrew Tobias, "The Only Investment Guide You'll Ever Need." You can trust it because he's not selling anything and teaches common-sense, conservative advice: no risky speculation or anything.

Comment author: BillyOblivion 16 April 2012 12:01:48PM 0 points [-]

Sorry, I was attempting to be clever, cynical and hip. This apparently impeded effective communication.

Let me rephrase it so that it is more difficult to misunderstand:

All financial advice should be received with reservation and taken with caution.

Better?

Comment author: MartinB 13 May 2011 12:44:35PM -1 points [-]

Ramith Sethi: iwillteachyoutoberich.com

Kiyosaki is nice for some mindset and basic approach, but horrible on the concrete advise. Do not go into buying houses due to his books.

My small favorite is George Clayson: the richest man in Babylon. Then there is a galore of more modern books. Check out Ramiths recommended readings.