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Written in response to a nineteenth-century banking crisis in England, Walter Bagehot’s influential treatise was one of the first to clearly explain complex financial systems like international banking, currency, and corporate finance in clear and easy-to-understand language. Credit, Bagehot suggests, is based primarily...
6) Reckless
“The newbie investor will not find a better guide to personal finance.”
—Burton Malkiel, author of A RANDOM WALK DOWN WALL STREET
TV analysts and money managers would have you believe your finances are enormously complicated, and if you don’t follow their guidance, you’ll end up in the poorhouse.
They’re wrong.
When
When it comes to personal finance, the rules may have changed, but the time-tested principles of sound personal financial management haven't. Those starting out on their paths to financial security just need to learn them better and apply them earlier than ever before - ideally, right from the start.
Previous generations have had some help in achieving financial security that young people can't count on today: generous employer pensions,
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