What’s New
We’re kicking off a new feature, EarlyWord Galley Chat. This is an opportunity for librarians to talk to each other about favorite galleys (we know you carried or shipped a boatload of them back from PLA).
To find out more, click here.
Our many links on the far right offer useful tools for selection and readers advisory librarians. Get a head start on the Fall season by checking out the new Publisher’s Catalogs, view trailers for Movies Based on Books and identify Movie Tie-ins. If you need a librarian-friendly contact at publishing houses, check our listings under Publisher Contacts.
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Nora Rawlinson
Co-Founder and Editor
Fred Ciporen
Co-Founder and Publisher
Chris Kahn
Ad Sales Director
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.
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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.
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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.
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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.
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