Richards, The One-Page Financial Plan – Short Book Review

Richards, The One-Page Financial Plan – Short Book Review
The One-Page Financial Plan

I don’t review personal finance books, but I thought I should call readers’ attention to the new book by Carl Richards, The One-Page Financial Plan: A Simple Way to Be Smart About Your Money (Portfolio/Penguin). If you don’t know his work, he’s the creator of the weekly Sketch Guy column in The New York Times and the author of The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money.

In his new book, illustrated with his sketches, he tries to get people to focus on what’s important to them. “Think about your one-page plan as a snapshot, not an instruction book. If you’ve ever put together a kids’ toy, you’ll know that most of them come with a fifty-page instruction manual. Sure, the fifty-page plan is incredibly important—probably vital if you want the drawbridge on the castle to open or the rocket to launch—but what’s arguably most important is the picture on the front of the box. The picture lets you know you’re on the right track.” (p. 14)

Odey Discusses Howard Marks’ Astute Observation On Why Hedge Fund Alpha Is Increasingly Rare [January Letter]

According to a copy of the firm's January investor update which ValueWalk has been able to review, the Odey Asset Management Odey Special Situations Fund returned 7.7% in January, outperforming its benchmark, the MSCI World USD Index, by 8.7%. Q4 2020 hedge fund letters, conferences and more The $60 million fund, which Adrian Courtenay manages, Read More

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