Contents
Nine chapters in reading order — from understanding money and capitalism to a simple method I have tested — and revised — against a century of data (history is no guarantee of the future).
A Letter to My Family
A letter to my family: why I wrote this book and how to read it.
Understanding Capital and the World
Most people are controlled by money. First, see how capitalism works — and whether you'll run short when you're old.
Understanding Wealth
Assets and liabilities, cash flow, saving before spending, and the six stages of financial freedom.
Stocks and Investing
Owning a stock means owning part of a business. Investing, speculating and gambling — and the mistakes ordinary investors make most.
The Great Way Is Simple
Back to first principles: the four ingredients of compounding, market cycles, and why bubbles keep coming back.
The Compounding Method
The heart of the book: invest regularly in the whole market, hold for the long run, never sell at the highs, and add from new income in crashes.
Investing Is a Loser's Game
First, don't lose: defensive investing, and a market thermometer worth a glance each week.
Good Luck
Success has a share of luck. Own the whole market and you share in everyone's good fortune.
Detours, Scams and a Mini Glossary
Detours I took: stock picking and timing long US bonds — plus a guide to avoiding scams, and a glossary.