"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. Buffet, in a letter to Robert Doroghazi, MD

The Physician's Guide to Investing is a commonsense guide to investing, with special emphasis on areas where physicians experience difficulty. The book covers most of the general aspects of investing and financial planning, with the ultimate long-term goal of attaining financial security.

Klappentext
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.

Zusammenfassung
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.

Inhalt
On Track With Your Financial Goals.- Goals for Your Investment Return.- The Magnificence of Compound Interest.- Avoid Being Diverted From Your Financial Goals.- Arrogrance, Ego, and Greed.- The Mark.- It's Not Much, I Can Afford to Lose It.- Principles for Achieving Your Financial Goals.- Define Specific Goals.- Thrift.- Invest in What You Know.- Make Your Own Investment Decisions.- Documents Required for Financial Security.- The Importance of Relationships, Goodwill,Friendship, and Reciprocity.- Attaining Specific Goals.- Paying Daily Bills.- Your Home.- Funding Your Children's Education.- Insurance.- Funding Retirement.- Pitfalls in the Quest For Your Financial Goals.- Who Can You Trust?.- The Malevolence of Debt.- The Perniciousness of Fees.- Tips.- Areas Where Caution is Essential or That Should Be Completely Avoided.- Yes or No.- Dealing With Bankers.- Investing in Specific Assets.- Asset Allocation and Diversification.- How to Identify Real Investment Opportunities.- When to Buy.- When to Sell.- Stocks and Bonds.- Real Estate.- Other Types of Investments.- More Tips for Realizing Your Financial Goals.- Obtaining Investment Information.- Investment Strategies of the Pros.- Some Miscellaneous Tidbits of Advice.