A collection of Tobias's witty writings on the vagaries of high finance includes discussions on the anatomy of an investment decision, the pitfalls of being a homeowner, and the eternal optimism of Wall Street
A collection of essays from noted personal finance writer (and now Democratic National Committee Treasurer) Andrew Tobias.
The cover title is based on just one essay, on the difficulty of the modestly wealthy to live in the NYC metro area on $100,000 a year (at this writing about $260,000, after adjusting for subsequent price inflation), but there is an eclectic set of essays, ranging far afield, from personality profiles of Hollywood execs and money managers to time-tested investing and personal finance wisdom.
Tobias is always interesting, and this book - extremely dated and set firmly in its time, during a period of overall dismal US stock market returns and high inflation, with most of its pieces written in the late 1970s - represents a fascinating look back. But there's little coherency among topics, and except for investment and finance nerds like moi, this isn't likely to be of great interest to readers 30-plus years later.
(I found this book, with its cover partly ripped, in the book exchange bin of a local recycling center, and it was an engaging read on a train commute to/from work.)