It would take days to write a review that does the book justice. Its well written and full of great insights.
If I had to say there was one real revolutionary thought for me it is the following;
The wealthy, no not the rich, but those with 50+Million in the bank, need to come to the party. One of the worst offenders is probably Buffet. He is hoarding the money that could be greasing this economy. He espouses frugality but seems to conveniently forget that the US is a consumer-spending based economy. I lived in Palm Beach for a while and I can tell you that the wealthy don't spend anywhere near their fair share. Ok Warren, you win, you're the best. Now break the weld on that wallet and go buy a few billion dollars worth of American products! Why not buy everyone in Nebraska a new Corvette!
Its pretty simple; you give a guy with 100 Million in the bank a tax cut and he uses it to pad his investments. You give the same tax cut to a working mother of two and that tax cut is spent the next day.
The wealthy should either start spending a fair percentage of their wealth or they should be taxed in order to bring that money back into the economy. This should include a tax on capital, and a tax on income. Everyone knows what happens when one person has all the capital in a friendly game of Monopoly - you have to fold up the board and start again. America is dangerously close to folding up the board. It could get ugly.
I have to re-iterate what I read in terms of reviews prior to purchasing and listening to this book. Its a fantastic book. It sparked my interest in baseball again after losing interest many years ago. If you like numbers, money, sports and great stories, this will be a winner for you. Its definitely one of my favorites now.
I wish Michael would go back and record the unabridged version. While he's at it he could redo Liars Poker as well. I would spend the extra credits to hear the whole story.
What can I say. As a pure capitalist I would prefer to trash this book so no one else would read it. That's how much it changed my life. But I owe it to Tim Ferriss (yes to the other reviewer - He IS the man!) to tell it like it is.
I'm 40 and I own and run 3 successful businesses that take all my time. I have everything I could ever want but no time to enjoy it. After listening to this book I immediately started the process of selling them all.
I then sat down and wrote a 2 page business plan that will allow me to work only a few hours each week. Its a good workable plan that plays to my strengths. After my mini-retirement I will start to build my new automated business. I feel like 1000 pounds have been lifted off my shoulders.
I started listening to the book on a planned mid-pace 10k, and ended up running effortlessly for 2.5 hours. I made it home dehydrated, but happy. I decided I wouldn't let myself listen to it unless I was running. Ran every day that week. Sore but happy.
What can I say but if you love to run, then this is your book. The characters, setting, insights are all inspirational.
I suggest you get your shoes on and make sure you're well hydrated before turning it on...
I found the book quite interesting and informative. Its not really a how to, but more of a history lesson of sorts. It moved quickly and there was not a lot of repetition, which it seems is quite common these days. I felt like I had a good grasp of viral networking from 5000 feet when I was done.
My mediocre rating was solely due to the narration. When reading a book, its critical to respect the punctuation. The narrator basically rambled through chapter headings, title breaks and paragraph breaks. It was very difficult to follow and keep it all in context when seemingly the book was just a series of sentences...
Whether you can put what M.G. says into practice for your own gain or not, this book really makes you think differently. Its tough to argue with the inferences made from the facts he lays out.
The writing is colourful, skillful and nicely paced. It's a joy to listen to, particularly on those long country drives.
The absolute worst case scenario is that you will have something very interesting to talk about at your next cocktail party.
It was disappointing. I liked the premise and they are clearly on to something compelling, but the execution was awful. There was so much repetition and overlap, and they didn't give the reader much credit. Perhaps this was due ultimately to the limited content in the book. This would have been an excellent submission for an article, or series of articles, to the New Yorker or similar, but it is not ready to be a book.
Its really a shame. If there was twice as much content, distilled properly and effectively, this could have been a great book.
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