Reading a book is a true investment. You need to be sure the time and energy costs are worth the knowledge and entertainment return you receive. However, typical book reviews often don't give readers what they need: a trustworthy appraisal of the real costs and benefits of a book they’re interested in.
Our podcast, The Well Read Investor, lives by the mantra: “May all your reading profit your mind and your money.” The idea is to bring meaningful conversations to investors about authors with thought-provoking ideas to enrich our investing knowledge and global awareness.
But with all the reading we do, there are far more books and ideas worth discussing than the podcast can cover. So Mike offers reviews of these books using our own the price-to-literacy (P/L) ratio, looking at all the key points a reader needs to know about when deciding if a book is worth investing their time.
A book about political ideology reveals much about investors’ minds, too.
This well-argued book offers insight for investors who haven’t studied much law, but note that the costs of reading this one are about equal to its benefits.