Friday, October 24, 2014

Money Angles

I recently reread "Money Angles" a 1984 book by financial writer Andrew Tobias. This book was derived from magazine articles Tobias had written on the general subject of money, investing and personal finance. It is little uneven but overall I liked it.   Tobias moves in moneyed circles and the book contains numerous entertaining stories about the financial lives of his friends and acquaintances with which Tobias illustrates his generally sound advice. It is 30 years old so I found it a little dated in places but not too badly. It did help that I am old enough to have lived through a time when for example "... A 9 percent fixed-rate mortgage is a treasure. ..." (p. 79).   But while the details of things like tax laws or current prices have changed the big picture hasn't changed that much.  There are still many ways to go wrong financially and this book warns about some of them.

This is not a good introductory book to personal finance and investing, it assumes some basic familiarity with the subject and it doesn't attempt to be comprehensive. And I can't really recommend you make a special effort to read it but if you happen to run across a copy you might give it a try.

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