SKU: 18835372159

The Missing Billionaires : A Guide to Better Financial Decisions

Sale price$21.55 Regular price$23.95
Save 10%

Pay in installments of $5.99 with ShopPay, AfterPay and Klarna

Shipping Estimate
USA
  • USA
  • CAN

Ships within 48 hours · Estimated delivery Aug 23 - Aug 28

Promo Codes Available:

For Your Every Summer RSVP, with Code: SUMMER15

Description

The Missing Billionaires : A Guide to Better Financial DecisionsAn Economist Best Book of the Year "Making Money and Keeping It" The Wall Street Journal Over the past century, if the wealthiest families had spent a reasonable fraction of their wealth, paid taxes, invested in the stock market, and passed their wealth down to the next generation, there would be tens of thousands of billionaire heirs to generations old fortunes today. The puzzle of The Missing Billionaires is why you cannot find one such billionaire

An Economist Best Book of the Year "Making Money and Keeping It" - The Wall Street Journal Over the past century, if the wealthiest families had spent a reasonable fraction of their wealth, paid taxes, invested in the stock market, and passed their wealth down to the next generation, there would be tens of thousands of billionaire heirs to generations-old fortunes today. The puzzle of The Missing Billionaires is why you cannot find one such billionaire on any current rich list. There are a number of explanations, but this book is focused on one mistake which is of profound importance to all investors: poor risk decisions, both in investing and spending. Many of these families didn't choose bad investments- they sized them incorrectly- and allowed their spending decisions to amplify this mistake. The Missing Billionaires book offers a simple yet powerful framework for making important lifetime financial decisions in a systematic and rational way. It's for readers with a baseline level of financial literacy, but doesn't require a PhD. It fills the gap between personal finance books and the academic literature, bringing the valuable insights of academic finance to non-specialists. Part One builds the theory of optimal investment sizing from first principles, starting with betting on biased coins. Part Two covers lifetime financial decision-making, with emphasis on the integration of investment, saving and spending decisions. Part Three covers practical implementation details, including how to calibrate your personal level of risk-aversion, and how to estimate the expected return and risk on a broad spectrum of investments. The book is packed with case studies and anecdotes, including one about Victor's investment with LTCM as a partner, and a bonus chapter on Liar's Poker. The authors draw extensively on their own experiences as principals of Elm Wealth, a multi-billion-dollar wealth management practice, and prior to that on their years as arbitrage traders- Victor at Salomon Brothers and LTCM, and James at Nationsbank/CRT and Citadel. Whether you are young and building wealth, an entrepreneur invested heavily in your own business, or at a stage where your primary focus is investing and spending, The Missing Billionaires: A Guide to Better Financial Decisions is your must-have resource for thoughtful financial decision-making.

Shipping Notes
  • Free Standard Shipping on $100+ Orders to the USA.
  • Except Preorder products are shipped in 48 hours.
  • Delivery to the USA:
  1. Standard Shipping : 3-10 business days
  • If time is of the essence, please consider selecting expedited delivery for faster service.
Exchange/Return Notes
  • We offer a 30-day return/exchange service after receiving.
  • Final sale items are not eligible for returns or exchanges.
  • To process your return/exchange, please contact us at [email protected]
  • Please click here for more details>>> Return & Exchange Policy
SKU: 18835372159

Discover Niche Categories That Outsell

Top-Converting Item to Boost Your Average Order

4.3 ★★★★★
Based on 28 reviews
Sort
Highest Rating
Newest First
Oldest First
Product Reviews
E
Verified Purchase
ehh
Battle Creek, US
★★★★★ 5
Durable & fun
Size: 15", Style: Rabbit
These are great pulls, long lasting. The rope in different parts make it interesting to your pet. My only issue is, I did not receive the gray animal I ordered. It was substituted by a brown one. I’ve owned six of these. The dogs have loved them all BUT neither of them will touch this brown one. I’ve tried several games with it. They run, take a sniff, & leave it. This one was a wasted $10.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on February 23, 2022
P
Verified Purchase
Paige
Lake Worth, US
★★★★★ 5
Keep these in our pet toy collection at all times.
Size: 15", Style: Rabbit
My 4 dogs love this toy so much I have them all over to play with. The inside helps make this adorable toy last for longer than most dog toys and for the price this means ALOT to me for the value of my money. This dog toy is soft and fun to throw around the house and not break anything as they chase it around. What dog doesn't love a squeaker toy also for an added bonus. The squeaker doesn't last long with 4 large dogs, but long enough I feel like for the price I paid.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on May 11, 2025
A
Verified Purchase
Andrea
Fort Morgan, US
★★★★★ 5
My dog loves the Multipet Skele toys!
Size: 15", Style: Duck
My dog absolutely loves this toy and the similar ones (we had a snowman first). He rolls around with it and seems to be so happy. My dog is an aggressive chewer- and he destroys these toys within a couple of months. We have to take pieces of it away as they come loose, especially the squeeker, but he still plays with the rest. I wish it would last longer because he really loves it, but I haven’t found a toy that he cant destroy yet.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on May 17, 2026
T
Verified Purchase
Tracy Cramer
Belleville, US
★★★★★ 1
Terrible!!!!
Size: 15", Style: Duck
My 2 Australian shepards destroyed this cheaply made toy in 20 minutes! It's advertised for tough chewers, lol, the material it was made from is so thin, you could almost see through it. Don't waste your time or money!
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on November 15, 2024
D
Verified Purchase
Deb Longoria
Chelsea, US
★★★★★ 5
My dogs love it
Size: 15", Style: Rabbit
I have to say, this is not an indestructible toy. It would have been better made without the squeaker or filling in the head. Once I removed those (after the dogs dug them out) they have played with this and the chicken (by the same company) for months. It's looking a bit ragged and I had to eventually cut the face off since they had chewed into it. However, the ropes have held despite multiple games of tug-of-war. My rat terrier and Moxie mix love these toys. Best ones we've found to last.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on June 23, 2021

recommand products