Fund managers all over the world spend billions of dollars each year recruiting the smartest people, employing the most advanced technology, carrying out the most rigorous research, deploying the most intricate mathematical models all in the pursuit of a few percentage points of return higher than a benchmark index. One would wonder why all of this is carried out when for most people, how to meet day-to-day expenditure is a problem and they do not even have money to save, much less think about whether their savings are earning a risk-adjusted return higher than an index.

According to the Global Wealth Databook, 2018 by Credit Suisse, 84% of global wealth is owned by less than 10% of the global population. A whopping 45% of global wealth is owned by 1% of the global population. This amazing statistic contextualizes the vast majority of the financial content which is produced. Most financial content, management style and advice is meant for the people with the most funds to invest. Those for whom a 1% difference in performance could mean US$10 million not achieved and hundreds of thousands of dollars lost in bonuses. As I’ve previously written about, investing is sometimes just a game for rich people.

This does not mean that all financial content is only relevant for rich people. There are lots of content on financial planning, investment products, retirement planning and increasing income which could be of help to anyone. I try to make the content I put out as understandable and relevant to ordinary investors as possible. You can read some content on personal finance or career development which I believe would be useful. And you should consider reading these three books as well.