Sunday, July 22, 2018
Brian Portnoy, The Geometry of Wealth: How To Shape A Life Of Money And Meaning (2018):
In The Geometry of Wealth, behavioral finance expert Brian Portnoy delivers an inspired answer based on the idea that wealth, truly defined, is funded contentment. It is the ability to underwrite a meaningful life. This stands in stark contrast to angling to become rich, which is usually an unsatisfying treadmill.
At the heart of this groundbreaking perspective,Portnoy takes readers on a journey toward wealth, informed by disciplines ranging from ancient history to modern neuroscience. He contends that tackling the big questions about a joyful life and tending to financial decisions are complementary, not separate, tasks.
These big questions include:
- How is the human brain wired for two distinct experiences of happiness? And why can money"buy" one but not the other?
- Are the touchstones of a meaningful life affordable?
- Why is market savvy among the least important sources of wealth but self-awareness is among the most?
- Can we strike a balance between pushing for more and being content with enough?
This journey memorably contours along three basic shapes: A circle, triangle and square help us visualize how we adapt to evolving circumstances, set clear priorities, and find empowerment in simplicity. In this accessible and entertaining book, Portnoy reveals that true wealth is achievable for many -including those who despair it is out of reach - but only in the context of a life in which purpose and practice are thoughtfully calibrated.
Managing one’s money is an emotionally fraught job, and comes with a confusing lexicon to boot. Is it any wonder so many individuals devote less time to their personal finances than they do planning their next vacation? Brian Portnoy’s The Geometry of Wealth makes a bracing assertion: it doesn’t have to be this way. In this elegant and insightful volume, he imparts the crucial message that building “wealth” isn’t strictly about money, but finding the intersection between our life’s purpose and the funds needed to achieve it. It’s essential reading for serious and novice investors alike.
Christine Benz, Morningstar, Director of Personal Finance