The Only Investment Guide You'll Ever Need

I have been reading the various editions of this book since the first one was published more than 20 years ago. Tobias is a terrific writer. So much so that this book would make entertaining reading even if you completely ignored the advice it offered. Ignoring the advice, though, would be a bad idea because Tobias gives an overview of just about everything the average person needs to know about managing his or her money. He covers budgeting, insurance, and, of course, investing. Tobias's theme is that the route to financial success lies in spending less than you earn and investing the difference safely. In some ways, this amounts to advice that we already know. But Tobias separates himself from competing authors by the forceful and witty way he spells out these points, and the equally forceful and witty way he explains how the various get rich quick schemes propounded in so many competing books are likely to make the authors of those books rich, but not their readers.

So, if you are looking for a comprehensive introductory guide to managing your money, look no further.