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Future Wealth
by Christopher Meyer
Product Group: Book
Publisher: Highbridge Audio (2000-09-04)
ISBN: 1565114167
EAN: 9781565114166
Dewy Decimal #: 330.16
Audio CD
Edition: 2.5 hours/2 CD
Condition: Like New
Comments: "BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed!"
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Editorial Reviews
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Product Description
As of mid-1998, American households controlled 59% of all stocks held in the nation. Wealth isn't just for the wealthy anymore.
In the follow-up to Davis' famous Future Perfect and companion to their best-selling Blur, Stan Davis and Christopher Meyer offer a compelling vision of what lies ahead. Risk will be seen as an opportunity, not a threat. Everything of value, including human capital and talent, will be traded in efficient markets. Control of wealth will shift from institutions to individuals. It's a massive realignment, and it's already underway.
Optimistic and provocative, Future Wealth looks forward to a society rich in the human, financial, and real aspects of wealth.
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Amazon.com Review
If you wanted a glib way to sum up how the economy works today, you could say we've gone from hardware to software, from selling tangible things such as railroads, cars, and airplanes to selling less tangible ones such as information services. In fact, services grew from 31 percent of U.S. economic output in 1950 to 55 percent in 1998. In Future Wealth, Stan Davis and Christopher Meyer explain why they think we're headed toward a new stage of economic development in which "human and intellectual capital [is] the most highly valued resource." Remember how David Bowie sold Bowie Bonds a few years back, essentially leasing out his future earnings from royalties and concert revenues so he could get $55 million in cash up front? That's just the beginning, say the authors. Today thousands of people we've never heard of accept signing bonuses to go to work for companies, and soon many exceptionally talented individuals will imitate Bowie's move--sell stock in their future earnings. Regardless of whether we're fortunate enough to offer ourselves to the financial markets in the form of stocks or bonds, or even to command signing bonuses, each of us has unprecedented potential to become wealthy, the authors posit. More and more, our salaries will become chump change compared to the money we make from investments. Add to that the supposition that we carry around untold capital in our brains, and Future Wealth shows a future that we'll definitely want to be a part of. --Lou Schuler
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