(PDF) Rich Dad's Guide to Investing - ROBERT donkeytime.org | Hiếu Nguyễn Xuân - donkeytime.orgChapter 1: Introduction — Think Again, Again Global poverty should not be viewed a single amorphous problem, but rather the combined result of many discrete problems. We should focus on addressing these individual problems. Many economists debate the extent to which poverty traps may exist. On the other hand, if the potential for fast growth is high among the poor, and then tapers off as one gets richer, there is no poverty trap. Lazy thinking being constrained by ideology, ignorance and inertia is the enemy of progress.
Review of Portfolios of the Poor: How the World's Poor Live on $2 a Day
This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below! Goldie and Gordon Murray. Murray www. Its clarity de-mystifies the investment process and its insights can make anyone who reads it a better investor.
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The book is the culmination of 10 years of research into the financial lives of the lowest classes of Bangladesh, India, and South Africa—with a focus on those living on less than two dollars a day per person. In , Mark Zuckerberg announced that he highly recommended everyone read Portfolios of the Poor. This book explains how these families invest their money to best support themselves. I hope reading this provides some insight into ways we can all work to support them better as well. Getting there, though, requires us to first step back and listen.
If you want to understand how poor people in poor countries manage money, invest in Portfolios of the Poor. The new book's four authorsDaryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthventook up an idea of David Hulme , to compile financial diaries of poor households. A researcher visits a poor household repeatedly, say, every fortnight for a year, and gathers detailed information on what its members earned, spent, borrowed, and saved since the last visit. Through the data collection and the associated conversations she pieces together an intimate portrait of the household's financial life. Much glory in the social sciences goes to those who study causality, who seem to show that A causes B. Yet the most enlightening work is often just plain descriptive , coming from a good, long stare at A or B.