New Rating System For Book Reviews

I’ve got several book reviews I plan to post up soon, so I’ve been feeling the need to come up with some sort of book rating system. I tried to think of something creative, but I stuck to a boring but simple 4-star system.

1 Star – Disappointing, don’t bother reading it.
2 Stars – Some useful info, but not really worth the time reading it.
3 Stars – The time and money spent reading it was worth it.
4 Stars – I would recommend everyone to read this book, it is a permanent part of my library.

Please remember that all these reviews are my own personal opinion. I don’t expect everyone else to agree. I have my biases, which if you read my blog you’ll know. Anyhow, here are my retroactive ratings for previously reviewed books (click for my more detailed review):

A Random Walk Down Walk Street4 Stars
The Four Pillars of Investing4 Stars
Common Sense on Mutual Funds3 Stars
Rich Dad, Poor Dad3 Stars
The Richest Man in Babylon4 Stars
Rich Dad’s Guide to Investing1 Star
The Informed Investor2 Stars if you’ve already read Random Walk and Four Pillars above, 3 Stars otherwise
Free Gulliver – Six Swift Lessons in Life Planning3 Stars
The Automatic Millionaire2 Stars
The Money Book for the Young, Fabulous & Broke3 Stars
Freakonomics3 Stars
eBay Millionaire: Titanium PowerSeller Secrets3 Stars

Comments

  1. are they ordered chronologically by when you read them?
    seems more logical to me to order by how many stars they earned.

  2. Yeah it was just easier for me to import all my links that way. Maybe I’ll change it later if I get bored.

  3. I completely agree on the Automatic Millionaire. There was useful info, but in general it did not apply to me and didn’t really change anything for now. As for the Money Book for the YF&B, I have to say I would give it 4 stars right away. Sure, a lot of the information is general that doesn’t take a lot of research – but the problem is NO ONE knows these things regardless. If I were to even ask what a ROTH IRA is to all my friends, I guarantee you not ONE of them would know. Only one of my friends would, only because we met Suze Orman and I got her the book as a birthday gift. I don’t know what your ratings are based on, but I think it’s important to look at it from two prespectives. One, from someone like you who obviously knows his financial information, and from another which is people who don’t know a thing. In a way, her book is almost like a textbook, but for people my age (I’m 21), and younger, I personallly feel it should be standard reading! :)

  4. I have a recommendation for a book review: “Stocks for the Long Run” by Siegel. I had to read much of it for a finance course in college and ended up really enjoying it.

  5. LazyIndexer says:

    I also have a recommendation for a book review: “Asset Allocation: Balancing Financial Risk” by Roger Gibson. It’s by far my favorite investing book.

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