Man vs Money by Stewart Cowley
“Man vs Money” is just over 200 pages long and gives you a brief explanation of everyday economics.
The book is designed with a number of illustrations (these were not to my personal taste; I didn’t find much value in them) along with various graphs, charts, etc to help the author explain the various concepts. When taking these into account, this makes the book much shorter and able to be read over just a few sessions.
What’s the book about?
“Man vs Money” is a whistle-stop tour of everyday economics. The book is broken down into several small chapters with each one focusing on a different aspect of either the economy or money.
The author provides an overview of what each element is and what you need to know about it.
Some of the topics that are covered include:
- Compound interest
- Interest rates
- Bitcoin and virtual currency
- Quantitative easing
- How a country can go bankrupt (an interesting and slightly worrying chapter, given that the world is currently experiencing the COVID-19 pandemic!)
Two pieces of information that I found particularly interesting were:
- A sense of limitless security only kicks in when you get above $5 million (which equates to approx £3.84 million).
- You need $3.5 billion to make it onto the Forbes Rich List. (That was in 2015, but I suspect that figure may be higher now…)
What did I think of the book?
I did like the book, and it does contain lots of useful information and I do like the way that the author includes a few little quips and humor which helps to make the book a lighter read, especially given that this is a pretty dry subject. However, I felt that the book is too much of a ‘crash course’.
Although it provides a nice overview and introduction to the various topics, I don’t feel that it goes into enough detail to be of any real value.
Instead, if you want to learn about any of these economic subjects in detail, I would recommend that you read a book on that particular topic alone.
Do the math!
One thing that I would like to point out about this book is that there is a lot of ‘money maths’ involved in the form of calculations and equations.
To an extent, you would expect that from a book on this topic, so this isn’t a negative point and I won’t be marking the book down for this.
I just need to make you aware that the author uses formulas to explain some of the principles, so if you don’t enjoy or understand algebra, then this might not be a good book for you.
Have you read “Man vs Money”?
This is my personal opinion of Man vs. Money.
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