Book of the week: The Investment Answer by Gordon Murray and Daniel Goldie
Former Wall Street heavy hitter Gordon Murray and his friend Daniel Goldie have written a guide to investing that promises to become “one of the best-selling self-published books of all time.”
(Business Plus, $18)
Faced with terminal cancer, former Wall Street heavy hitter Gordon Murray didn’t “buy an island” or “move to Paris,” said Ron Lieber in The New York Times. Instead, he devoted his energy to co-writing a slim investing guide meant to spread the word that active money management—a practice to which he owed his career—is not a good strategy for most individual investors.
The guide’s ideas aren’t new, said Fred Yager in ConsumerAffairs.com. It tells investors to divvy up their assets across a diverse mix of funds and rebalance only “now and then” by selling winners and loading up on losers. But this “hardly unique” message means a lot coming from Murray, who was surprisingly clueless about personal investing until his friend Daniel Goldie, an investment advisor, opened his eyes. The guide the friends wrote together could become “one of the best-selling self-published books of all time.”
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Music reviews: Bon Iver, Valerie June, and The Waterboys
Feature "Sable, Fable," "Owls, Omens, and Oracles," "Life, Death, and Dennis Hopper"
By The Week US
-
Are bonds worth investing in?
the explainer They can diversify your portfolio and tend to be a safer investment than stocks
By Becca Stanek, The Week US
-
Elon has his 'Legion.' How will Republicans encourage other Americans to have babies?
Today's Big Question The pronatalist movement finds itself in power
By Joel Mathis, The Week US