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Ben Stein – The Capitalist Code: It Can Save Your Life and Make You Very Rich

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Description

WARREN BUFFETT SAYS: “My friend, Ben Stein, has written a short book that tells you everything you need to know about investing (and in words you can understand). Follow Ben’s advice and you will do far better than almost all investors (and I include pension funds, universities and the super-rich) who pay high fees to advisors.”

In his entertaining and informative style that has captivated generations, beloved New York Times bestselling author, actor, and financial expert Ben Stein sets the record straight about capitalism in the United States―it is not the “rigged system” young people are led to believe. As he reveals in The Capitalist Code, “Life can be faced by moaning and complaining or it can be faced by study, work, optimism, and faith in the free capitalist system. Guess which side gets the happier life?”
Most Americans have not inherited wealth or a successful business that could set them up for life. That means most Americans are destined for financial worry and concern for the rest of their lives. Right? Wrong! Ben Stein explains how the wonderful system of stock market capitalism can allow any American to build financial security. In this succinct guide, you will learn:

Why it really is better to have money― and how to get there
How to save first, and then spend― automatically
Why investing in great companies is easier than you think

That’s what this book is all about: how to harness the incredible power of the U.S. economy for enjoyment and security by being owners of profitable businesses-by consistent, conservative investment starting as young as possible in a diversified port- folio of stocks. Anyone can be a capitalist―and should be. All it takes is a little bit of knowledge and an even smaller amount of action. All it takes is The Capitalist Code.

REVIEW

In The Capitalist Code, the latest in a series of books aimed at younger readers with whom he has established a unique rapport, his intention is to talk about basic investing in a down-to-earth and commonsensical way, the prose always direct and straightforward, never abstract or complex.
—THE WASHINGTON TIMES

ABOUT THE AUTHOR

Ben Stein (Los Angeles, CA) is a respected economist who is known to many as a movie and television personality, but has worked more in personal and corporate finance than anywhere else. He has written about finance for Barron’s, the Wall Street Journal, the New York Times, and Fortune; was one of the chief busters of the junk-bond frauds of the 1980s; has been a longtime critic of corporate executives’ self-dealing; and has cowritten eight finance books. Stein travels the country speaking about finance in both serious and humorous ways, and is a regular contributor to CBS’s Sunday Morning, CNN, and Fox News. He was the 2009 winner of the Malcolm Forbes Award for Excellence in Financial Journalism.

Business online course

Information about business:

Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).
[need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.
It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”

Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner’s personal possessions.
A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

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