Person
Every book Nick Maggiulli recommended on podcasts
Nick Maggiulli appears on podcasts such as Modern Wisdom to discuss personal finance, wealth-building strategies, and the behavioral psychology behind market investing. As an expert who analyzes how people accumulate wealth, Maggiulli approaches financial topics through a lens that combines data analysis with human nature and risk tolerance. During his podcast appearances, he references specific literary works to illustrate broader financial and life lessons. Maggiulli recommends Edward Chancellor's book Devil Take the Hindmost, using it to describe the unpredictable nature of speculative markets and to emphasize that individuals must ultimately accept personal responsibility for the financial choices and risks they take. Furthermore, he brings up graf Leo Tolstoy's classic novel Anna Karenina, drawing upon its famous opening line to illustrate a core financial truth: while there are many diverse ways to successfully build wealth, there are only a limited, distinct number of ways to go completely broke. By integrating these literary and historical references into conversations about money, Maggiulli helps listeners navigate the complexities of personal finance, reminding them of the psychological pitfalls, individual accountabilities, and common patterns that govern financial success and failure.
Books recommended by Nick Maggiulli
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Devil Take the Hindmost
Devil Take the Hindmost is a comprehensive historical study of financial speculation and market manias through the centuries, written by Edward Chancellor.
Recommended“there's a great book devil take the hindmost you know just let it let chips fall or they may you know we can we can try so much but at some point you have to be like hey like you made the choice”
Where to get it
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Anna Karenina
Anna Karenina by Leo Tolstoy is a classic nineteenth-century Russian novel that explores themes of betrayal, faith, family, and societal hypocrisy through the tragic romance of its title character.
Discussed“i think there's like one right way to do it and i kind of you know i've discussed this a little bit like there's that i think that line from anna karenina which is like you know all happy families are the same but all unhappy families are unhappy in their own way”
Where to get it
Books Nick Maggiulli wrote
Appearances
| Episode | Podcast | Date | Books |
|---|---|---|---|
| The Best Way To Build Your Personal Wealth - Nick Maggiulli - #462 | Modern Wisdom | 2022-04-18 | 2 |
Other mentions (1: passing, ad reads, own books)
“i know my books called just keep buying, but at some point you're going to have to sell and you're going to have to sell in order to fund your lifestyle”