The Capitalist Code: It Can Save Your Life and Make You Very Rich

by Ben Stein

Overview

"My friend, Ben Stein, has written a short book that tells you everything you need to know about investing (and in words you can understand). Follow Ben’s advice and you will do far better than almost all investors." — Warren Buffett

In his entertaining and informative style that has captivated generations, beloved New York Times bestselling author, actor, and financial expert Ben Stein sets the record straight about capitalism in the United States—it is not the "rigged system" young people are led to believe. As he reveals in The Capitalist Code, "Life can be faced by moaning and complaining or it can be faced by study, work, optimism, and faith in the free capitalist system. Guess which side gets the happier life?"

Most Americans have not inherited wealth or a successful business that could set them up for life. That means most Americans are destined for financial worry and concern for the rest of their lives. Right? Wrong! Ben Stein explains how the wonderful system of stock market capitalism can allow any American to build financial security. In this succinct guide, you will learn: 

• Why it really is better to have money—and how to get there
• How to save first, and then spend automatically
• Why investing in great companies is easier than you think

That's what this book is all about: how to harness the incredible power of the U.S. economy for enjoyment and security by being owners of profitable businesses-by consistent, conservative investment starting as young as possible in a diversified portfolio of stocks. Anyone can be a capitalist—and should be. All it takes is a little bit of knowledge and an even smaller amount of action. All it takes is The Capitalist Code.

Product Details

ISBN-13:	9781630060855
Publisher:	Humanix Books
Publication date:	09/26/2017
Sold by:	Barnes & Noble
Format:	eBook
Pages:	208
File size:	2 MB

About the Author

Ben Stein (Los Angeles, CA) is a respected economist who is known to many as a movie and television personality, but has worked more in personal and corporate finance than anywhere else. He has written about finance for Barron's, The Wall Street Journal, The New York Times, and Fortune; was one of the chief busters of the junk-bond frauds of the 1980s; has been a longtime critic of corporate executives' self-dealing; and has cowritten eight finance books.

Stein travels the country speaking about finance in both serious and humorous ways, and is a regular contributor to CBS's Sunday Morning, CNN, and Fox News. He was the 2009 winner of the Malcolm Forbes Award for Excellence in Financial Journalism.

Ben Stein (Los Angeles, CA) is a respected economist who is known to many as a movie and television personality, but has worked more in personal and corporate finance than anywhere else. He has written about finance for Barron's, the Wall Street Journal, the New York Times, and Fortune; was one of the chief busters of the junk-bond frauds of the 1980s; has been a longtime critic of corporate executives' self-dealing; and has cowritten eight finance books. Stein travels the country speaking about finance in both serious and humorous ways, and is a regular contributor to CBS's Sunday Morning, CNN, and Fox News. He was the 2009 winner of the Malcolm Forbes Award for Excellence in Financial Journalism.

Read an Excerpt

From the Introduction:

What's unique about my book is two things: First, it corrects the total bs that the corporations are a tool to harm the citizens. It makes clear by data and outline and precept that owning corporate stock in a widely diversified form is the best tool in the world to give you and your family a good life.
Second, it does not aim to tell you how to beat the market by following any guru or giving your money to any investment "geniuses." Instead, it tells the reader the truth: that just buying an index of all of the major corporations in the US ( or in the world ) will beat almost any money manager's picks next year, and by a very long way for far into the future. You don't need to do anything fancy. You don't have to be a macho man. You don't need a Harvard MBA. You need only "buy the market" and you will do absolutely fabulously better than what most well paid money managers do over decades.
This data is overwhelming. And "buying the market" is phenomenally inexpensive. You can buy a million dollars worth for under a hundred dollars in fees. It's also a great way to lower your capital gains taxes.
So, I plan to lay all of this out:

How important money is to happiness and a decent life;

How important earning and saving are to defeating fears of financial insecurity;

How the system is rigged for the honest, hard working worker/saver by allowing him or her to partner up with the brightest minds in corporate America ( and the world ) by owning stock in a diversified portfolio;

How the most efficient, most effective, least expensive way on earth to buy into the corporate world is just to buy the indexes. They are almost unbelievably cheap and they work almost unbelievably well.

The Wall Street/Corporate America system works beautifully for anyone who wants financial freedom, and it's a big way for women to close the financial gap with men, and to keep financial nightmares as far from your kitchen door as possible.
It will be simple, convincing, and it has the great virtue that it's true.

Editorial Reviews

In The Capitalist Code, the latest in a series of books aimed at younger readers with whom he has established a unique rapport, his intention is to talk about basic investing in a down-to-earth and commonsensical way, the prose always direct and straightforward, never abstract or complex. —THE WASHINGTON TIMES

From the Publisher