The Physician's Guide to Investing: A Practical Approach to Building Wealth

Book info: The Physician's Guide to Investing: A Practical Approach to Building Wealth (Hardcover, 228 pages) – Humana Press, 2005. Language: English.

I met Bob Doroghazi when he dropped the first draft of his manuscript of The Physician’s Guide to Investing: A Practical Approach to Building Wealth at my office. I will have to admit I was a bit skeptical: a physician writing a book on investments? During that first meeting with Bob, it became evident that he had been a successful physician and a successful investor, so I agreed to take a look at the book. I was in for a pleasant surprise. Bob’s manuscript was easy to read and had specific advice useful to physicians, interspersed with lots of practical tidbits for any investor. Having written three college-level finance and investment texts, I was excited to be in on a project aimed at offering practical investment advice to a more general, yet specialized, audience. I had high expectations for the book and am pleased to say that I believe Bob has delivered a book that every physician interested in building wealth and protecting assets should read. Bob is a straight shooter; he tells it like he sees it in his book. Some doctors might be indignant on reading his statements, such as “Physicians sometimes have no idea of their limitations. This type of arrogance and ego can result in investing disaster.” However, if you do have these limitations (and most professionals, even college professors, do), then reading Bob’s book will help you recognize situations in which they can lead to poor investment decisions. Editorial Reviews Review

From the reviews:

"You've really done a first-class job of telling your fellow doctors what to do in their financial life. In fact, your book should be required reading at med schools... I just wanted to let you know that you have done a real service for your fellow physicians." --- Warren E. Buffett, in a letter to Robert M. Doroghazi, MD

"I strongly recommend it to anyone interested in preserving and growing a dollar bill." --- William Clifford Roberts, MD, The American Journal of Cardiology

From the Consulting Editor's Preface...

"...Bob has delivered a book that every physician interested in building wealth and protecting assets should read." -Dan W. French, PhD

"The Physician’s Guide to investing contains practical information for real-world application. Dr. Robert Doroghazi has constructed an investing guide that is easy to understand and is written in a very direct and concise manner." (AuntMinnie.com, February, 2006)

"Dr Doroghazi is a credentialed clinician … and a gifted writer addressing a crucial issue on the finances of physicians. … The bulleted summaries at the end of each chapter that emphasize the ‘teaching points’ are an especially appealing aspect of the book. … Recommended Readership: Internists, general practitioners, and all other physicians." (Edward T. Creagan, Mayo Clinic Proceedings, Vol. 81 (5), May, 2006)

From the Back Cover Although physicians are extremely intelligent, hard working, and superbly trained in medicine, they are often poorly trained in how to invest the hard-earned fruits of their labor. In The Physician's Guide to Investing: A Practical Approach to Building Wealth, a successful physician/investor and a professor of finance join forces to present an easy-to-read, commonsense guide to investing, especially tailored to the needs of medical students and physicians of all ages and disciplines. Giving simple, practical advice on how health professionals can manage and invest their money, the book covers all general aspects of investing and financial planning, with the ultimate long-term goal of attaining financial security. Here, physicians will quickly discover what is a reasonable rate of return on an investment, when the return on an investment should immediately cause alarm, and how to recognize when a real opportunity does arise. They will also find profitable suggestions about paying off their mortgage early, the power of thrift, when to buy and when to sell an asset, and whether to invest in stocks, bonds, real estate, collectibles, or art. In addition, the author offers sound advice on setting financial goals, drawing up appropriate documents, saving for retirement and a child's education, purchasing insurance, and minimizing fees. Dr. Doroghazi's advice is based on many years of personal financial management and investing that have allowed him to pay his own way through college and medical school, to own his own home and a vacation condominium free of debt, to fund his children's education, and to have accumulated sufficient assets to achieve financial security at an early age.
Easy-to-read and highly instructive, The Physician's Guide to Investing: A Practical Approach to Building Wealth offers busy clinicians and health care professionals simple proven principles for managing their personal finances and investing their money to attain a lifetime of financial security.