Praise for The Missing Billionaires "How much investment risk should I take? How much should I
spend and how much should I save? We all want answers to these questions and financial
economists have them but the answers need to be translated into practical language. That's
exactly why you should read this enjoyable and insightful book to understand and apply the
best thinking about risk-taking and lifetime financial planning." --John Y. Campbell Morton
L. and Carole S. Olshan Professor of Economics at Harvard University "Through years of dialogue
with Victor and James I have put into practice the ideas described in this book and to great
effect. They present a framework which encompasses many of the important principles I have
learned through my nearly four decades of trading experience. The Missing Billionaires should
be required reading at every bank hedge fund and investment firm focused on enduring success."
--Alan Howard Founder of Brevan Howard "This book provides a thought-provoking
straightforward introduction to some of the most important questions in personal finance and
an engaging non-technical description of some of the answers provided by financial economists
over the past fifty years." --Robert C. Merton MIT Sloan School of Management Distinguished
Professor of Finance Nobel Laureate in Economic Sciences "Haghani and White persuasively
explain that to make good decisions under uncertainty not only must we think probabilistically
but also we must apply those probabilities to the appropriate objective function. Thinking
beyond the plight of the 'missing billionaires ' perhaps human history would have followed a
gentler and more peaceful path if our leaders had made decisions with the ideas of this book in
mind." --Philip E. Tetlock Annenberg University Professor at the University of Pennsylvania
and co-founder of The Good Judgment Project
