Ouch!: Ignorance is Bliss, Except when It Hurts- What You Don't Know About Money and Why It Matters (More Than You Think) by Knott, Paul (2012) Paperback

by Paul Knott

Would you rather wake up or get wiped out?We live in a world dominated by a system that most of us aren’t aware of, never mind understand. When it comes to money and how it really works, most of us are too busy, too bored or too bewildered to think about it, despite being at the sharp end of the consequences. We simply don’t recognise the game that is being played out in front of us. Well check your pockets; you’re in for a nasty shock. If not now, then soon.OUCH! is your entertaining answer to financial fear, ignorance or confusion. Quintessentially irreverent but with a deadly serious message - ultimately it tells you how to protect your hard earned cash and save yourself from financial meltdown.You can’t afford to ignore it.

Genres: Nonfiction

Paperback

First published August 24, 2012

About the author

Paul Knott is a business turnaround specialist who has a passion for helping others. Whether it is a severe company crisis to be overcome, or just making the most of what you already have, he enjoys delivering successful results in challenging situations.

This philosophy has now been extended into the realm of personal finance through writing OUCH!, published by Pearson Business.

Paul has a a degree in Mathematics (including the Harding Maths prize) from University of London and a Masters in Retail Marketing from TIAS Business School, in The Netherlands.

Paul currently spends his time between the beach in Whistable and Brazil — walking Rocco, a four-legged friend on the former and a hammock on the latter.

Reviews

[Theo Kokonas · Rating 2 out of 5]

Generally an interesting read, and worthwhile if you're new to personal finance. The author takes a somewhat scare-mongering approach to the current financial system; he raises valid points but he also delves in a few too many conspiracy theories. Some of his references are a bit bat-shit crazy - one I have to call out is the Zero Hedge website which should be just plain avoided.
I give it only two stars because despite some good direction being given to his readers he doesn't go all the way, likely leaving the less financially savvy reader in a more confused state.
The author didn't mention index trackers at all (which in my view is a glaring omission), his over-emphasis of PE ratios when assessing shares is a little rudimentary too.

[Isabel · Rating 5 out of 5]

I find anything financial a bit of a turn off, but this book is lively, engaging and I've certainly learnt a lot to protect my monetary assets. A definite worthwhile read.