Book Review: How I Managed $20,000,000,000.00 by Age 32
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Full disclosure: I was given a complimentary copy of the book by the author. When I was contacted to review the book, I was immediately intrigued by the title. How I Managed $20,000,000,000.00 by Age 32 was an interesting and easy read. The main book is only about 154 pages and can be read in one sitting. The appendix takes up the rest of the 201 pages.
Mr. Slome definitely has had success at an early age. And his book shows that success doesn’t just come. It comes with hard work. He worked his way up to manage a $20 billion fund at American Century Investments.
Mr. Slome starts off the book by going over some life influences that shaped his thinking. Then he talks about the path that took him to where he is now including some mistakes that he made along the way. Other chapters talk about efficient market theory and his investment philosophy. He even has a chapter devoted to hedge funds along with a good explanation of them. He also talks about a typical day as the top portfolio manager for one of the largest mutual funds in the country.
The real nuggets in this book are the chapters about investment strategies, choosing an investment manager, and what to do with your own portfolio. Even his investment philosophy is something you can apply to your own investments.
If you’ve ever wondered what it’s like to run a large mutual fund or to get inside the head of a successful mutual fund manager, then this is the book to get! If you’re in the stage of your life where you’re focused on investing (and already out of debt), this book has some solid investment advice, as well as some good advice on choosing a financial advisor. If you don’t fit into those categories, this is not the book for you. If you are, I can wholeheartedly recommend this book! God bless!
Also, check out the rest of the virtual blog tour. Comment here for a chance to win a free copy of the book yourself (courtesy of the virtual blog tour)! Also, the author may drop by and answer any questions you might have!