A new book about the “boring” Warren Buffet, Tap Dancing to Work by Carol J. Loomis, (Penguin/Viking/Portfolio), rose to #26 on Amazon’s sales rankings after the author and the subject appeared together on the Today Show yesterday and in a much more in-depth interview on The Daily Show with Jon Stewart last night.
Archive for the ‘Personal Finance’ Category
Do More, Spend Less: The New Secrets of Living the Good Life for Less (Wiley) is a title with special appeal in today’s economic climate, so it comes as no surprise that it is rising on Amazon sales rankings. Currently, it is at #38, two months prior to its Jan. 14 publication date.
Libraries we checked have not ordered it at this point.
Delaware Tea Party politician Christine O’Donnell, is disproving the adage that any media attention is good media attention, reports The Christian Science Monitor.
Last night, she abruptly terminated her interview about her book, Trouble Maker, (St. Martin’s Press, 8/16) with CNN’s Piers Morgan after he asked about her views on gay marriage.
Despite more than 550 articles this morning, her book still only rose to a high of #1,524 on Amazon sales rankings and libraries are showing minimal holds.
The media’s already got the jump on next week’s laydown of Sarah Vowell‘s Unfamiliar Fishes, a short, idiosyncratic history of Hawaii by the National Public Radio star and bestselling author.
Entertainment Weekly gives it a “B,” saying it “could use a little more of Vowell’s voice peppered throughout some of the long stretches of history and reporting, [but] her brainy wit and savvy cultural references keep the book from seeming like homework.”
Also up next week is Lost and Found: Unexpected Revelations about Food and Money by Geneen Roth, the author that Oprah made into a star. It arrives with a 200,000-copy laydown. Kirkus calls it, “a timely portrait of one woman’s devastating loss and subsequent rise from the ashes of the Bernie Madoff scandal.”
T.J. English (Havana Nocturne) will be getting media attention next week for his book about New York in the 1960′s, The Savage City. It will be reviewed in the NYT Metro section on Sunday and the author is booked for The Daily Show with Jon Stewart.
Orman also appeared on the Today Show.
Next Week’s Notable Nonfiction
Gayle Tzemach Lemmon, author of The Dressmaker of Khair Khana: Five Sisters, One Remarkable Family, and the Woman Who Risked Everything to Keep Them Safe, will receive major media exposure next week. She has written the cover story about Hilary Clinton for Tina Brown’s newly-redesigned Newsweek, which debuts next week (with a weekly book section!). The book will be featured on several NPR shows, including Morning Edition, it will be excerpted in USA Today and several reviews are scheduled.
Lemmon’s book is the story of an Afghan woman who became an entrepreneur under the Taliban, employing over 100 women, despite being banned from schools and offices, in the vein of Three Cups of Tea.
Libraries are showing modest reserves on modest orders, but interest could increase as Lemmon makes her media rounds.
Memoir to Watch
The Source of All Things: A Memoir by Tracy Ross (Free Press) is an exploration of the author’s childhood sexual abuse. Kirkus says, “Ross’s seesawing of emotions left her in a constant state of flux, but this uncertainty of emotion is one of the narrative’s primary strengths. Ross continually explores the boundaries of father-daughter intimacy, never demonizing her stepfather, but instead, humanizing him—a far more difficult task.”
Then Everything Changed: Stunning Alternate Histories of American Politics: JFK, RFK, Carter, Ford, Reagan by Jeff Greenfield (Putnam) is the veteran CBS News reporter and commentator’s journey in what-ifs, based on his extensive research, and has a 100,000 printing. PW calls it ”fun but insubstantial.”
No wonder it’s the number one title on Amazon in the College and University category, Debt-Free U ‘s subtitle is a sentence any parent would love to hear from their kid, “How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents.”
The author was on the Today Show this morning (did I hear correctly? I think Ann Curry said he studied Art History, not Finance). The book rose to #22 on Amazon sales rankings by the end of the day.
The hot topic of the new crop of self help books is saving money. Elizabeth Leamy, consumer correspondent for ABC’s Good Morning America, says in her new book, Save Big, that you can forget saving small by cutting out lattes and packing your own lunch and save big in other areas. She’s been appearing on Good Morning America this week to promote the book.
Most libraries haven’t ordered it; it was not reviewed prepub.
Currently at #30 on Amazon and rising is a book that recommends investing in gold and oil rather than stocks and bonds. Published by Portfolio, Penguin’s business book imprint, it is endorsed by Ron Paul and the author has appeared on the Glenn Beck Show. More information is available here.
Few libraries have ordered it; one library system is showing 7 holds on 5 copies.
Appearing at #101 on this week’s USA Today best seller list and at #5 on the Wall Street Journal Business list is Bank On Yourself. It appears that few libraries own it.
The Wall Street Journal today observes that personal finance books have gone bearish,
Just a year or so ago, the personal-finance bookshelf was a happy-go-lucky place where everybody and their neighbor was about to become a millionaire. Now it’s more like a bomb shelter stocked with canned goods for a long battle. Pugilistic titles like Fight for Your Money and Gimme My Money Back are pushing aside sunnier fare like Millionaire by Thirty and You Can Do It!: The Boomer’s Guide to a Great Retirement.
But, cheer up, they also quote a study that “stocks perform substantially better after the publication of bearish financial books than they do after bullish titles are published.”
The Journal notes that personal finance gurus have changed their tune — Suze Orman recommended hybrid mortgages (fixed rate for a few years, followed by adjustable rates) in her 2005 book, The Money Book for the Young, Fabulous & Broke, but Suze Orman’s 2009 Action Plan: Keeping Your Money Safe says fixed rate is the way to go (note to weeders — if you haven’t already, get rid of the bullish books. Even if the markets turn around, it will undoubtedly have new rules).
Are there any enduring titles? A financial planner recommends A Random Walk Down Wall Street, because it “gives a really sound grounding in the economics of how financial markets work.”
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition
Malkiel, by Burton G.
- Paperback: $18.95; 416 pages
- Publisher: W. W. Norton; 9 edition (December 24, 2007)
- ISBN-10: 0393330338
- ISBN-13: 978-0393330335