Killing Sacred Cows Book Review


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Some years ago I was struck by how many false things I had believed, and by how doubtful was the structure of beliefs that I had based on them. I realized that if I wanted to establish anything in the sciences that was stable and likely to last, I needed – just once in my life – to demolish everything completely and start again from the foundations.

P. 1, Rene Descartes, Meditations on First Philosophy

After having read through several heavy investment books over Christmas I was fortunate enough to have Killing Sacred Cows (PP.270, Green Leaf Books, 2008) fall into my hands. This is not your typical investment book please be warned.

Banks Stopped Investing and Started Speculating


bank vault door %7ERCN1025 Banks Stopped Investing and Started SpeculatingOver Christmas I have had a bit of a chance to catch up on some reading, one of the books I read through was Garrett Gunderson’s Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity. In Gunderson’s book he suggests individuals look at investing in the same way that banks do as they have been so extremely efficient. As Gunderson puts it banks mitigate investment risk in personal loans by doing the following:

  • Check your credit.
  • Secure their investments with collateral
  • Require a down payment
  • Determine the interest rate
  • Determine the payment