Wednesday, June 12, 2024

Book Review: The Algebra of Wealth

 


The Algebra of Wealth, written by Scott Galloway and published in 2024, provides a strategy for saving money and investing smartly. The author does not recommend one investment type over another but presents the basics on the most common forms of investment (e.g., stocks, funds, bonds, real estate, etc.) and gives readers the pros and cons of each type based on factors such as income level, age, and the like.

The hardcover version of the book has just under 260 pages of substantive text, with a few pages of notes and an index following that. The author's advice is good but definitely tailored for a beginner. The younger you are, the more helpful the advice in the book is likely to be. But there is helpful information (such as using your time wisely) that will benefit people who are in their 40s and 50s who are closer to the end of their working lives than the beginning. Ultimately, the book does have some good advice and points. Some of the information may be too basic for some people, depending on your level of financial knowledge, but most readers will likely find helpful information even if they already know some of what the author discusses. 

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