The Richest Man in Babylon

The Richest Man in Babylon

By George S. Clason

ISBN: 978-0451205360

First published 1926

196 pages

Publisher: Signet / http://www.Penguin.com

5/5 Stars

 

A very well written, financial planning book portrayed as a series of ‘stories’ discovered on stone tablets recovered from Ancient Babylon.

The metaphor still works well, written as it was in the heyday of the 1920’s boom.

It has common sense a-plenty, and doesn’t indulge in the more mystical ‘arts’ that some books such as ‘Think and Grow Rich’ do, for example.

There are five laws of gold, supposedly passed down from Babylon, from trader to trader:

  1. Put away at least a tenth of your earnings
  2. Put your saved gold to use
  3. Become a cautious owner and invest wisely
  4. Gold slips away from those affairs that the owner is not familiar with
  5. Gold flees the romantic investor or the allure of impossible earnings or the advice of tricksters

There are other common sense aphorisms, all set with a richly detailed and entertaining story – such as ‘Men of Action are favored by the Goddess of Luck‘ and ‘Good luck can be enticed by accepting opportunity‘.

Highly recommended.

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