Mr. Spare is a investment advisor who takes the long view. He presents his ideas in very simple language that both novice and experienced investors can use. Chapter 1 and 2 alone are worth the price of admission. Chapter 1 (The New Face Of Retirement) presents the case for continuing to work, save, and invest because of the simple fact that we will live longer and that experience counts in the marketplace. Chapter 2 (How Much Do You Need To Retire?) demonstrates that a million dollars today isn't what it used to be, and that inflation is a deadly force, especially for those trying to maintain a reasonable lifestyle. Chapter 6 (Disregarding Noise, Understanding Time) offers sound advice on not paying any attention to the noise in the marketplace, especially in these times of CNBC and CNN. The rest of the book is icing on the cake. The key is to read widely, have an independent mind, and develop a focused portfolio. There are only a few books that one needs to invest successfully--this is one of them. Mr. Spare's book is one that every sensible investor should read once a year. It clears the mind wonderfully. Read it and read the classic by Charles D. Ellis (Winning The Loser's Game) and you will be miles ahead of the competition.
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