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Book Review: Millennial Money

Reviewed by Shravan Kumar Sreenivasula, CFA.

Millennials - the generation born from roughly the early 1980s to the late 1990s - have gone through a lot in the last two decades. They experienced recessions in 2001 and 2008, with the latter leading to the global financial crisis (NYSE:GFC). For most millennials, their chosen careers have been a roller coaster ride, and some have already moved on to second careers, mostly because of the GFC's severe effects on employers. Millennials have seen the life savings of their parents and others dwindle over a relatively short time. Consequently, they are skeptical about investing their hard-earned money in equity markets. In Millennial Money: How Young Investors Can Build a Fortune, Patrick O'Shaughnessy encourages millennials to overcome their skepticism and benefit from the process of wealth…