Is Finance Too Huge?
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This is the Das Kapital or Art of War of finance books. No one has truly read all of it but every person has it on their shelf. A couple of men and women may have study a couple of chapters, after. The first 3 chapters are the finance stuff (John Law, South Sea Bubble, Tulipmania) in any case. Truly books like this used to want to exist to remind individuals that investors get carried away and bubbles occur which then burst. In my relatively quick investing lifetime I have seen the dot com crash and the housing bubble- I can read a lot more recent books.
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Granted, $800 to $1,200 will not fund an Imelda Marcos life style, but it will fund a lot of treats such as household help. In the provinces which have large expat retiree communities, the month-to-month salary for reside-in maids is around $45. A haircut and shave in Dumaguete, a coastal town on Negros Island, cost me $.27. …
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