Millennial Money

A portfolio manager provides sound advice that will give millennials the advantages they need to improve their financial future ( Publishers Weekly). The millennial generation has grown up in a different world than their parents did. They can’t passively rely on pensions or Social Security for a comfortable retirement. They’re skeptical of expert advice, yet more committed than baby boomers to passing wealth on to future generations. To build that wealth, young people must start investing early—and buck conventional market wisdom. Millennial Money explains the most common mistakes that hurt investors’ long-term returns and show why their investments in popular stocks or the hot industry of the day have resulted in such underwhelming results. More importantly, the book introduces a strategy that can help us overcome our shortcomings as investors—and become the most successful investing generation in history. O’Shaughnessy lays out a clear path for building wealth over a lifetime with a key message: start now, invest globally, and master your own behavior.
—Meb Faber, CIO, Cambria Investment Management, and author of The Ivy Portfolio