--- product_id: 494464927 title: "The Missing Billionaires: A Guide to Better Financial Decisions" price: "£25.68" currency: GBP in_stock: true reviews_count: 13 url: https://www.desertcart.co.uk/products/494464927-the-missing-billionaires-a-guide-to-better-financial-decisions store_origin: GB region: United Kingdom --- # The Missing Billionaires: A Guide to Better Financial Decisions **Price:** £25.68 **Availability:** ✅ In Stock ## Quick Answers - **What is this?** The Missing Billionaires: A Guide to Better Financial Decisions - **How much does it cost?** £25.68 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.co.uk](https://www.desertcart.co.uk/products/494464927-the-missing-billionaires-a-guide-to-better-financial-decisions) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Description 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. Review: The best finance / personal finance book I've ever read. And that's saying something! - What an absolutely amazing book. As the authors say "There are millions of books out there telling you what to invest in, but nothing out there telling you how much to invest in any particular investment or all your investments". That was a revelation. I'm so endlessly bored with books / social media / networks / etc telling you to buy stocks or to not buy stocks or to buy particular stocks or to buy gold or oil or bitcoin, etc, etc. It was Amazingly Refreshing to read a book that offered a precise roadmap towards how much to invest in anything or everything with some modeling and mathematical precision behind the suggestions. A must read for anyone who cares about their money!! And a fun read too, not dry at all!!!! Review: links return risk and personal utility - The book never quite answers the question about the missing billionaires. It gives some broad guidelines but is probably too technical and academic for most readers. ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #59,743 in Books ( See Top 100 in Books ) #14 in Investment Portfolio Management #15 in Business Investments #53 in Wealth Management (Books) | | Customer Reviews | 4.1 out of 5 stars 312 Reviews | ## Images ![The Missing Billionaires: A Guide to Better Financial Decisions - Image 1](https://m.media-amazon.com/images/I/81ga1uypYLL.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ The best finance / personal finance book I've ever read. And that's saying something! *by P***H on September 22, 2023* What an absolutely amazing book. As the authors say "There are millions of books out there telling you what to invest in, but nothing out there telling you how much to invest in any particular investment or all your investments". That was a revelation. I'm so endlessly bored with books / social media / networks / etc telling you to buy stocks or to not buy stocks or to buy particular stocks or to buy gold or oil or bitcoin, etc, etc. It was Amazingly Refreshing to read a book that offered a precise roadmap towards how much to invest in anything or everything with some modeling and mathematical precision behind the suggestions. A must read for anyone who cares about their money!! And a fun read too, not dry at all!!!! ### ⭐⭐⭐⭐ links return risk and personal utility *by T***R on May 30, 2024* The book never quite answers the question about the missing billionaires. It gives some broad guidelines but is probably too technical and academic for most readers. ### ⭐⭐⭐⭐⭐ Great book! *by J***P on March 29, 2026* I enjoyed this. I read chapters 2-6, 12-14 and 25. I followed that up with reading Risk-Opportunity Analysis by Ralph Vince (Vince's ideas complement chapters 2-6). Then, I re-read the entire book and got a lot more out of it. At the price, I suppose this is a branding book which to me does not detract from its value. Elm apparently manages an ETF that is terrifically simple, based on the some of the ideas here. ## Frequently Bought Together - The Missing Billionaires: A Guide to Better Financial Decisions - The Psychology of Money: Timeless lessons on wealth, greed, and happiness --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.co.uk/products/494464927-the-missing-billionaires-a-guide-to-better-financial-decisions](https://www.desertcart.co.uk/products/494464927-the-missing-billionaires-a-guide-to-better-financial-decisions) --- *Product available on Desertcart United Kingdom* *Store origin: GB* *Last updated: 2026-05-26*