The Millionaire Next Door

Millionaire Next DoorThe Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley and William D. Danko

The Millionaire Next Door is an old book, first published in 1996, with only the preface updated in 2010.  (“The millionaire next door is still alive and kicking even today in this recession.”)  Given the current slow recovery from our “Great Recession” and the hollowing out of the middle class, I thought it would be fun to read about how people amass unusual wealth.

I enjoyed the book and found the authors’ style easily drew me along in my reading.  The book is based on surveys and face-to-face interviews with over 500 American millionaires.  In addition to statistics there are case studies which add interest and a sense of the real people involved.

The authors feel that popular culture presents the wrong view of wealthy people.  “Americans have no idea about the true inner workings of a wealthy household.”  I can see why Hollywood avoids real life millionaires: they’re boring.  “Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.”  Continue reading

Atatürk, The Biography of the Founder of Modern Turkey

This book by Andrew Mango intimidated me when I found it in the library. It has over 500 pages of text and is sprinkled with italicized Turkish words and the names of Turk personalities. It looked difficult to read, but I checked it out anyway. I ended the review of the book “Shadow of the Sultan’s Realm” posted last week with the quote, “How Kemal guided the transformation of the Turkish nation is one of the most fascinating stories of the twentieth century—but that is…a story for another time.” I wrote that I couldn’t wait to read that story. I therefore worked my way through a long and difficult book, and I’m glad I did. Continue reading

Shadow of the Sultan’s Realm

The subtitle of this book written by Daniel Allen Butler is “The Destruction of the Ottoman Empire and the Creation of the Modern Middle East.” I found this book to be absolutely fascinating. The book is only 235 pages long before you reach the Author’s Notes, and perhaps that isn’t enough space for an accurate description of an empire that lasted more than six centuries. However, I found the book informative and interesting.

The Ottoman Empire thrived, prospered, and expanded for several centuries What most people know about it relates to the decision of the politicians in the Empire to join with Germany in the Great War, which provided the Empire no apparent advantages, and had tremendous impact on history of the region and the world. This book, if it is nothing else, should be a primer about how arrogance and ignorance of national leaders can create misery and sacrifice of life for soldiers who have little invested except for loyalty to their countries and fellow soldiers. Continue reading

Libertarianism

libertarianismThe subtitle of this book by Jason Brennan is “What Everyone Needs to Know.” For those unfamiliar with this web site, I refer to myself as a “part-time Libertarian,” and I was interested in comparing my views to those that are presented as the Libertarian by the author. I often, but not always, agreed with what was presented as the Libertarian position. The first sentence of the Introduction is a good place to start. “Libertarians believe so long as we do not violate others’ rights, we should each be free to live as we choose.” What isn’t included in that sentence is that an ever-expanding government is the greatest risk to our freedom to live as we chose. Continue reading

Mount Stupid

mount stupid from Science is Awesome on facebook

Thanks to Science is Awesome on Facebook

Real experts must be annoyed by pundits who pontificate on subjects they know little about.  That seems to be the motivation behind two books.

In “Why America is Not a New Rome” Vaclav Smil addresses his pet peeve.  The “grand analogy” “could be dismissed as just a fashionable wave of insufficiently informed commenting… or superficial comparisons.”  Smil quotes authors from Imperial Rome, discusses other states that have been compared to ancient Rome, Continue reading

The Tipping Point

tipping_pointThe subtitle of this book by Malcolm Gladwell is “How Little Things Can Make a Big Difference.” This is a very popular and best-selling book that was loaned to my wife by a friend. There are many interesting aspects of the book, but I found some of it disappointing. I thought it sometimes rambled and there was repetition. The book describes styles, events, books, etc. that have reached a tipping point to become wildly popular, but I didn’t feel it was explained why the tipping point was reached. For example, there is a detailed description of how “Divine Secrets of the Ya-Ya Sisterhood” evolved into a very popular book, but I really didn’t find an explanation, except that it was the perfect “book group book.”   Continue reading