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"You will put down this insightful book with a much deeper understanding of two of the more indispensable topics of the twenty-first century: China and sound financial practices." -- Jon Huntsman, Jr., U.S. Ambassador to China, 2009–2011
"This is a timely, well-researched, and tremendously important book…" -- Maurice R. Greenberg, Chairman & CEO, C.V. Starr & Co., Inc.
"Michael sets out a commonsense approach to wealth and prosperity. It's a must-read." -- Philip Bullen, CFA, Group Chief Investment Officer, Fidelity Investments
"Lee brings a unique combination of cultural, business, and economic insights. In compelling and clear language, he shows how Americans can engage this new reality." -- Samuel Gregg, D.Phil., Director of Research, The Acton Institute for the Study of Religion and Liberty
"The more that things change, the more that making money depends on understanding those things that never change. In an immensely readable volume and with a compelling story, The Chinese Way to Wealth and Prosperity provides precisely that." -- Rabbi Daniel Lapin, Author of Thou Shall Prosper: The 10 Commandments for Making Money
"Lee provides a valuable handbook for anyone wishing to understand what drives Chinese attitudes toward money." -- Dong Tao, Ph.D., Chief China Economist, Credit Suisse
For centuries, the Chinese have managed to survive and thrive in virtually every part of the world. From nineteenth-century emigrants to twenty-first-century "tiger moms," they have shown remarkable resilience and determination in achieving their goals even under the most challenging of circumstances.
What is the secret behind their enduring success? It's The Chinese Way to Wealth and Prosperity--a timeless combination of ancient wisdom and modern strategy that anyone can apply:
This inspiring and eminently practical guide shows you how to enrich your life, as well as enhance your fortunes. You'll discover the Chinese philosophy of "Sow early, sow often,"--reaping the rewards of consistently saving year after year. You'll learn how to honor and practice the time-tested wisdom of previous generations, keeping your priorities in check, placing a value on what matters most, and bringing prosperity into all aspects of your life. You'll find helpful charts detailing how wealth is generated using basic money-building principles very well known to the Chinese people, as well as ancient proverbs and stories that you can apply to today's economic situation. Along the way, you’ll read how distinguished individuals and major companies have thrived all over the world employing these lessons.
The Chinese Way to Wealth and Prosperity offers the wisdom of the past, the keys to the present, and the road map to a strong financial future.
- Sales Rank: #1783359 in Books
- Brand: Brand: McGraw-Hill
- Published on: 2012-07-11
- Original language: English
- Number of items: 1
- Dimensions: 7.40" h x 1.00" w x 5.30" l, .70 pounds
- Binding: Hardcover
- 224 pages
- Used Book in Good Condition
About the Author
Michael Justin Lee was born in Hong Kong and grew up in New York City's Chinatown. A veteran Chartered Financial Analyst, he served as the nation's first Financial Markets Expert-in-Residence in the U.S. Department of Labor. He was previously Practitioner Instructor of Finance in Johns Hopkins University's MBA program, as well as Professorial Lecturer of International Business in Georgetown University’s MS in Foreign Service program. Lee currently serves on the faculties of finance at the University of Maryland and George Mason University.
Most helpful customer reviews
7 of 8 people found the following review helpful.
Wealth and Prosperity? Maybe. Chinese Way? Maybe not.
By Eric Sedensky
This is an interesting and helpful book, but there are a few inconsistencies and (I'll call them) contrivances that detract from it to make it only an average book on the "utility in investing" scale. First the contrivances: calling something by its Chinese term doesn't make it a Chinese philosophy and doesn't prove that Western society absorbed it from the East. Most of this book is common sense: Don't waste your money, invest in an education, buy things with value, etc. These only have to do with "The Chinese Way" in that, people need to do these things to be prosperous, whether they are Chinese or not. Then there are the inconsistencies. Page 4: "Your diamonds...are in your own back yard..." Page 54: (the title of one whole section, no less) "Invest Beyond Your Backyard".
With stories and anecdotes from Chinese history, both in the world at large and the particular Chinese-American experience, this book does provide some insight into Eastern philosophy, but it is a tenuous string to Chinese wealth and prosperity (and that assumes one considers the Chinese wealthy and prosperous, which certainly could be an interesting argument). The fact that this book is short, clearly written, and well-organized makes it a worthwhile read. Like most books on investing, however, the reader will have to wade through and weed out the less useful things to get the most from the book.
NOTE: The publisher provided me with a gratis copy of the book for purposes of this review.
8 of 10 people found the following review helpful.
Interesting and unique insights
By Joe G
Being primarily a business person, I've always been fascinated with China, its people and how they do business. This book provided many interesting and unique insights on how the Chinese people think, what they value and how they view wealth and happiness. I now realize and appreciate how different their views and values are from the west-- refreshingly old world traditional, less superficial. I also particularly enjoyed the author's anecdotes from his family, business and academic life. It kept me engaged from beginning to end.
2 of 2 people found the following review helpful.
What a Gifted Professor
By J. Huang
I couldn't put this book down. This is a book not only on personal finances, but on life. Professor Lee is an incredibly gifted Professor in the way he articulates ideas into easy-to-understand language. I've had him as a Professor for my investments class at school, you never want to stop listening to this guy and the priceless insight he has. Reading this book put me back in his classroom and brought me the same inspiration the he instills in his students each lecture. If you have any regret after purchasing this book, contact me and I'll buy the book off of you just so I can give it to someone else, it's that good. Professor Lee, keep inspiring your students with your wisdom and charisma, you're changing lives by the second.
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