Check out the new InvestmentNews summer reading suggestions of both professional and fun reads comprised of recommendations from some top advisors and industry experts. Some of the book suggestions include:
“The Master Algorithm: How the Quest for the Ultimate Learning Machine Will Remake Our World” (Basic Books, 2015) by Pedro Domingos. “This book gets you thinking about the technology that the financial services industry is rolling out, its business applications and the impact it will have on our industry today and in the future.”
“The Destructive Power of Family Wealth: A Guide to Succession Planning, Asset Protection, Taxation and Wealth Management”(Wiley, 2016) by Philip Marcovici. “An interesting expose into the world of offshore private banking, and how this industry is imploding as a result of increased efforts by foreign governments to end tax evasion. Also, the author dives in to the physiology of very wealthy families, and the potential negative effects of significant wealth on family relationships.”
“The 100-Year Life: Living and Working in an Age of Longevity” (Bloomsbury Information Ltd, 2016) by Lynda Gratton and Andrew Scott. “As a society, we have spent our lives saving and working alongside advisers to retire at age 60 or 65, but research proves that Americans are living longer than ever before. This book expertly dissects the reason for our increased longevity and is a must-read for advisers seeking to adapt to this ‘new normal’ of clients spending more years in retirement, a critical issue facing our industry today.”
“Predictably Irrational: The Hidden Forces That Shape Our Decisions” (Harper, 2009) by Dan Ariely. “It’s a great behavioral read for advisers.”
“Extreme Ownership: How U.S. Navy Seals Lead and Win” (St. Martin’s Press, 2015) by Jocko Willink and Leif Babin. “Two Navy SEALs explain how to apply the leadership and management principles of warriors to the challenge of growing a business. Some of their example clients in the book are financial advisers and asset managers.”
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