Money and happiness | Five suggestions of books on money

Summer is a good opportunity to tell you about the new books on the money that I have liked in recent months. Here are five. Books on finance and money are mainly published in English. Some will end up being translated, but not all – I apologize in advance for readers who poorly master English, or simply prefer to read in French.

The Trading Game : A Confessionde Gary Stevenson

If Charles Bukowski had worked in finance, this is undoubtedly the book he would have written. We follow the autobiographical journey of Gary Stevenson, a young British from a difficult environment in the eastern London who, thanks to a competition called The Trading Game, was able to exceed young people from elite schools to obtain a coveted market operator position at Citibank. There follows the hard learning of an environment that does not give any gift to anyone. Gary Stevenson has even become one of the most profitable operators in the bank, notably thanks to a giant bet on the collapse of European economies during the 2008 financial crisis. A black, raw and funny book, which recalls the direct style of Liar’s Poker the Michael Lewis.

The Almanac of this good old Charlie: the spirit and the wisdom of Charles T. MungerPeter D. Caufman

Disappeared in 2023 at the age of 99, Charlie Munger, a long-standing business partner of Warren Buffett, was a lawyer, businessman, billionaire and polymathe investor who created a reputation as a franc-tirror with clear-cut opinions. In this work translated into French this year, the author and businessman Peter D. Kaufman gathered several speeches given by Charlie Munger during his long life. We can listen to them on Youtube, but there is something solemn to read the many teachings of Charlie Munger gathered in this book. The readers of this section will be on known ground: I often inspire Charlie Munger’s writings in my decisions and in life in general. “Stop complaining, stop envying others, be happy with what you have,” he liked to repeat. Or again: “It is not in the purchase and sale that fortune is, but pending. »Do you see what I mean?

Enrich Your Future : The Keys to Successful Investingde larry swedroe

For decades, Larry Swedroe, financial author and former director at Buckingham Strategic Wealth, has been researching and analyzing the latest studies on best practices in terms of financial investment. In Enrich Your Future : The Keys to Successful Investingson 18^e Book, he tells us about the lessons he learned from it. Reading it is a bit like spending an afternoon to discuss with a market expert in phenomenal markets. Supporting examples, Mr. Swedroe explains why dividends do not add added value, why trying to beat the market is often doomed to failure, and how investors can obtain the best yields according to their risk appetite.

Wealthier : The Investing Field Guide for Canadian Millennialsby Daniel R. Solin and Mark McGrath.

Written by the successful financial author Daniel R. Solin and by the Canadian financial planner Mark McGrath, Wealthier is a small book that is almost in one go. It is mainly intended for young Canadians who are looking for benchmarks with their finances. What investments should we have, should we buy or rent a house, how to deal with the advisers of banks who will try to sell us common funds at high management costs in order to achieve their sales objectives? The answers are there. The book also offers a simple investment strategy made up of only two funds negotiated on the stock market (FNB).

How Not to Invest : The Ideas, Numbers, and Behaviors that Destroy Wealth – and How to Avoid Themby Barry Ritholtz

I sometimes cited this new book by Barry Ritholtz in this section. For example, I really liked his sentence “The risk is impossible to avoid. Panic is optional ”. The American investor, founder of Ritholtz Wealth Management in New York, has just signed a work that sums up less than 30 -year career lessons in Wall Street. Bubbles, krachs, bankruptcies, euphoric customers, depressed customers: Barry Ritholtz has seen everything. He tells us about short chapters that go straight to the point, which makes his book accessible. He is of course talking about the many mistakes he has seen around him, and also his own. “It is not that most investors are not good, it is that they make too many avoidable errors,” he writes. Follow the lessons of this book, and then send me thanks from the top of a superior tax tranche and/or your happy retirement. »»