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Pound Foolish: Exposing the Dark Side of the Personal Finance Industry
Author	Helaine Olen
Country	United States
Language	English
Subject	Personal finance
Published	2012 (Portfolio/Penguin)
Media type	Print (hardback, paperback)
Pages	292
ISBN	9781591844891
OCLC	809989018

Pound Foolish: Exposing the Dark Side of the Personal Finance Industry is a 2012 book by Helaine Olen. In it Olen critiques the industry and the rise of 'financial gurus'.

Contents^[1][edit]

What Hath Sylvia Wrought?

The Tao of Suze

The Latte is a Lie

Slip Slidin' Away

The Road to Pas Tina

I've Got the Horse Right Here

An Empire of Her Own

Who Wants to be a Real Estate Millionaire?

Elmo is B(r)ought to You by the Letter P

We Need to Talk About Our Money

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“Pound Foolish is a fabulously well-reported, lucid, and witty tour of the train wreck that American finance has become. Olen has the rare ability to demystify the countless swindles and frauds that lately comprise the basic operations of the investment scene.

Reception[edit]

A review of Pound Foolish by The Economist, although critical of the book's lack of an international perspective, found it an 'excellent book, a contemptuous exposé of the American personal-finance industry.'^[2]

The New York Times called it 'a realistic and readable book', noted the 'inclusion of many women's voices', and the book's criticism of 'financial gurus'.^[3]

Pound Foolish has also been reviewed by CBSN,^[4]Kirkus Reviews,^[5] the Journal of Financial Planning,^[6]Publishers Weekly,^[7]USA Today,^[8]The Denver Post,^[9]Booklist,^[10] and Choice.^[10]

References[edit]

^'Pound foolish : exposing the dark side of the personal finance industry'. worldcat.org. OCLC. Retrieved October 1, 2017.
^'Business Books Quarterly - Personal Finance: Ghastly Gurus'. The Economist. January 12, 2013. Retrieved October 1, 2017.
^Caitlin Kelly (December 29, 2012). 'Business Day: Off the Shelf - Personal Finance Advice, Taken to the Woodshed'. New York Times. Retrieved October 1, 2017.
^Larry Swedroe (September 10, 2013). 'Moneywatch - Book Review: Pound Foolish'. cbsnews.com. CBS Interactive Inc. Retrieved October 1, 2017. This book has many positive aspects, but in the end, it comes up short of helpful.
^'Pound Foolish: Exposing the Dark Side of the Personal Finance Industry'. Kirkus Media LLC. November 4, 2012. Retrieved October 1, 2017. A nice takedown, particularly in its acknowledgement that the deck is always stacked against “participants in a vast experiment” of the deregulated marketplace—namely, the little guys.
^Barbara O'Neill (2013). 'Book Review - Pound Foolish: Exposing the Dark Side of the Personal Finance Industry'(PDF). Journal of Financial Planning. Financial Planning Association. 24 (2): 89–90. Retrieved October 1, 2017. .. unlike many scholarly books reviewed in this journal that have primarily a “just the facts” approach, Pound Foolish is controversial, as well as insightful, and takes aim at a wide array of targets ranging from Suze Orman, David Bach, and Dave Ramsey, to financial education programs, to the Jump$tart Coalition surveys of youth financial literacy. Not surprisingly, its content, both what is included and what is not, provides ample fodder for critical analysis and commentary. .. Consider reading this book for the interesting insights that it provides but be prepared to disagree with some of its content and/or underlying assumptions. I cannot help wondering how different Pound Foolish might have turned out it Olen had talked to some of the country’s top financial counselors, planners, and educators.
^'Pound Foolish: Exposing the Dark Side of the Personal Finance Industry'. Publishers Weekly. PWxyz LLC. October 15, 2012. Retrieved October 1, 2017. Though her intention is to provide an exposé, not financial advice, her own observations are commonplace. One can enjoy her glimpses of the world of financial celebrity while remaining skeptical about the scope of her proposed remedy.
^Kerry Hannon (February 2013). 'Review: Dark side of personal finance industry'. USA Today. Retrieved October 1, 2017. Olen's book is dark, as billed. Simply put, the former financial journalist for the Los Angeles Times has written a deeply reported and compelling account that is disturbing.
^'Business - Book Review: Pound Foolish: Exposing the Dark Side of The Personal Finance Industry'. The Denver Post. January 5, 2013. Retrieved October 1, 2017. It’s a take-no-prisoners examination of the ways she (Olen) says we have been scared, misled or bamboozled by those purporting to help us achieve financial security.
^ ^a^b'Pound foolish : exposing the dark side of the personal finance industry'. buffalolib.org. Buffalo and Erie County Public Library. Retrieved October 1, 2017.

External links[edit]

Library holdings of Pound Foolish

Deseret News author interview about the book

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Retrieved from 'https://en.wikipedia.org/w/index.php?title=Pound_Foolish&oldid=899820245'

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