Overview: A restaurant can’t sell decaf as regular coffee, an airline can’t sell economy class tickets as business class, and a grocery store can’t sell inorganic food as organic. Yet, in financial markets, speculation is being sold to the masses as investing every day. 

 

Fictionary: How Finance Became the Ultimate Vice is the rare personal finance exposé that identifies the root problem of why finance has essentially become a giant false advertising scheme: lack of definitions, with “investing” being the most consequential. Relying on the fundamentals of economics, the rigor of logic and the wisdom of history, Fictionary lays out not only how the train derailed but also how we can get it back on track.