(Revised edition, updated with new commentary by Jason Zweig.) HarperCollins 640 pages $20.99 and £18.99 These five books provide useful lessons on what approaches to take and, just as importantly, what steps to avoid. Even then, investors can be unlucky if they start saving in the wrong era (1920s America or 1980s Japan) or if governments seize their assets. Long-term prosperity can best be achieved by investors who save as much as they can afford in a low-cost fashion and in an asset class that reflects the long-term growth of the economy and the corporate sector. Of course, just as people might get lucky at roulette, they might pick a wonder stock, but the odds are against them. But it is a mistake for novice investors to assume that they can find instant success in achieving high returns when professionals, armed with extensive research and sophisticated technology, struggle to do so. M OST PEOPLE would like to find an easy way to get rich, just as they might want a quick way to get thin, or play a musical instrument.
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