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Book Summaries

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness is one of the best-selling personal finance books of all time. Here at LLB we've finally got round to giving it our full attention. Evaluation The Total Money Makeover advocates a specific process (divided into 7 steps) as a means to becoming financially secure. Despite the book's snake-oil-sounding title, the steps are excellent. Furthermore, the reasoning for each s [...]

A smart friend of mine once said to me: Of course, that’s your great idiocy, your faith that technology will solve everything… Yes, he’s a pompous git. But recently I’ve read some things which made me think he might be half right. Chief among these is Jaron Lanier’s Who Owns The Future? which is an incredibly alarming book. In a sharp departure in tone from the general Silicon Valley ethos (which is basically that technology solves everything), [...]

EVALUATION Thinking, Fast and Slow is, above all, about how frequently we make poor decisions without even realizing it. As such, it is also a guide to identifying those areas and times when you are likely to make poor decisions. Nobel laureate Daniel Kahneman is the author, and his intelligence and experience is evident both from the breadth of academic studies cited and the authority with which he applies the evidence to a range of intriguing p [...]

This is the second LLB book summary on a Malcolm Gladwell book (we previously summarized Tipping Point). His books are proving consistently thought-provoking. Outliers: The Story of Success is about people who achieve extraordinary success in a variety of fields, from scientists to rockstars, and the complex web of factors which play a role in that success. EVALUATION Outliers is an exciting romp through the context of different people’s success [...]

Dan Ariely’s book shares an updated and enhanced account of a series of experiments that demonstrate how we have little control over our irrational behaviours and how this impacts on our ability to make decisions. Ariely wrote Predictably Irrational: The Hidden Forces that Shape Our Decisions after recovering as a patient in the burn department. His original aim was to better understand our irrational quirks in the hopes of retraining ourselves t [...]

To receive a free 1 page summary pdf report on the Intelligent Investor, subscribe to our mailing list With the tagline The Definitive Book on Value Investing, and referred to as “the best book about investing ever written” by big-dog Warren Buffett, it’s no surprise that the LLB book summary for is going to be a long one. The detailed summary follows the evaluation. Here we go… Important Note: The original revised edition of The Intelligent In [...]

The Bogleheads' Guide to Investing is a book I often recommend to people who are starting out with investing. This book is a useful starting point for people who are interested in getting the most out of their investments or retirement savings. The book is ideal for beginners in that it assumes no prior financial knowledge, but would still be useful for more intermediate investors. Are you a US citizen with a 401k? Or a UK citizen with a pension [...]

Drawing on the financial crisis of 2008, Bernstein writes a story for the investors of today in The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between. Those who learnt from the 2008 financial meltdown know that they need to monitor their investments more diligently and resist the temptation to leave all to ‘the bankers of Wall Street’. Bernstein examines a brief history of the markets, examines aspects of portf [...]

“This book is about much more than just successful property investing. I hope that in addition to learning from some of my best successes and biggest mistakes, you will also take away a new approach to your business and personal life. My goal is that by acting on the ideas in this book, you will be able to BE more, DO more, HAVE more and GIVE more in life. I sincerely wish you the very best of success for the future.” ~ Steve Bolton Introducti [...]

Ever wonder why some people seem to achieve more and more everyday? Have they discovered some revolutionary technique to find themselves in situations with an abundance of possibility? How can you do the same? Life-Life Balance explores The Art of Possibility by Rosamund Zander and Benjamin Zander. Rosamund Zander and Benjamin Zander, both from musical backgrounds, argue that life is composed as a story and that with new definitions, people can [...]