Simple Wealth, Inevitable Wealth
With nearly 200,000 copies now in print, Simple Wealth, Inevitable Wealth is one of the most successful privately published books on any subject in the last fifteen years.
The new, extensively revised fifth edition (January 2013) refreshes and updates the book through the serial crises of the last few years – highlighting both the resilience of equities and the inestimable value of the advisor who functions as the antidote to panic. The latest design makes the book an easier read for your clients and prospects than ever.
SWIW proposes (and proves) three essential ideas.
(1) That real wealth – an income one doesn’t outlive and a significant legacy
to one’s heirs – can only be built and preserved through a program of lifetime
(2) That the achievement of real wealth in equities is not driven by
investment "performance" but by investor behavior – which is primarily a
function of making a lifetime plan and sticking to it, ignoring the fads of
euphoric bull markets as well as the bear market fears that lead to panic
capitulation near epic market bottoms.
(3) That, in practice, no one will ever be able to resist the great
behavioral traps of equity investing without the calm, consistent, empathetic
but tough-loving counsel of a high quality advisor, whose functions aren’t
prediction and "performance," but planning, perspective and behavior
modification. Thus, the highest, best and most valuable function of an
advisor is coaching clients past The Big Mistake (in all its manifestations).
And your critical behavioral counseling is alone worth many times what
the investor has to pay for it.
Today, many successful advisors use SWIW as an "operations manual" for
their practices. They give it to clients and prospects as a way of saying, "This
is what we’ll be doing; this is what we’ll not be doing (market timing,
chasing the hot dot); this is what I’ll be advising you at euphoric tops and
panic bottoms; and this is why my advice is worth so much more than I
A significant volume discount schedule applies to bulk purchases of Simple
Wealth, Inevitable Wealth. Please click on the green starburst at the top of
the main "Books" page to see it.