Financial advisors across the nation attribute their success to a specific book that inspired them. WealthManagment.com compiled a list of 13 titles nominated by financial advisors. The advisors selected books they felt were deeply relevant to their work. The books that had the most impact on financial advisors, professionally and personally, are described below.
Simple Wealth, Inevitable Wealth: How You and Your Financial Advisor Can Grow Your Fortune in Stock Mutual Funds
Author: Nick Murray
Memorable Quote: "No one can plan for the future – much less invest successfully in it – without believing in that future. And this becomes my working definition of optimism; an abiding faith in the future."
A More Beautiful Question: The Power of Inquiry to Spark Breakthrough Ideas
Author: Warren Berger
Memorable Quote: "One of the hallmarks of innovative problem solvers is that they are willing to raise questions without having any idea of what the answer might be."
Setting the Table: The Transforming Power of Hospitality in Business
Author: Danny Meyer
Memorable Quote: "Make new mistakes every day. Don't waste time repeating old ones."
The Godfather
Author: Mario Puzo
Memorable Quote: "It's not personal. It's strictly business."
The Psychology of Money
Author: Morgan Housel
Memorable Quote: "Money's greatest intrinsic value is its ability to give you control over your time."
MONEY Master the Game: 7 Simple Steps to Financial Freedom
Author: Tony Robbins
Memorable Quote: "The secret to wealth is simple: Find a way to do more for others than anyone else does. Become more valuable. Do more. Give more. Be more. Serve more."
Fooled by Randomness: The Hidden Role of Chance in Life and in Markets
Author: Nassim Nicholas Taleb
Memorable Quote: "Imagine taking a test knowing the answer. While we know that history flows forward, it is difficult to realize that we envision it backward."
Being Right or Making Money
Author: Ned Davis
Memorable Quote: "By using objective, quantitative information and testing its predictive value against historical data, an investor can avoid making decisions based on emotion, gut feel, or the pronouncements of the market guru du jour."
The Mindset: The New Psychology of Success
Author: Carol S. Dweck, Ph.D.
Memorable Quote: "In the fixed mindset, everything is about the outcome. If you fail—or if you're not the best—it's all been wasted. The growth mindset allows people to value what they're doing regardless of the outcome."
Outliners: The Story of Success
Author: Malcolm Gladwell
Memorable Quote: "Success is not a random act. It arises out of a predictable and powerful set of circumstances and opportunities."
The Uninhabitable Earth: Life After Warming
Author: David Wallace-Wells
Memorable Quote: "Today, the crisis is political—which is to say, not inevitable or necessary or beyond our capacity to fix—and, therefore, functionally elective."
The Alchemist
Author: Paulo Coelho
Memorable Quote: "Convenience culture seduces us into imagining that we might find room for everything important by eliminating only life's tedious tasks. But it's a lie. You have to choose a few things, sacrifice everything else, and deal with the inevitable sense of loss that results."
Four Thousand Weeks: Time Management for Mortals
Author: Oliver Burkeman
Memorable Quote: "There is an alternative: the unfashionable but powerful notion of letting time use you, approaching life not as an opportunity to implement your predetermined plans for success but as a matter of responding to the needs of your place and your moment in history."
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