A Wealth of Well-Being (Statman, 2024) - Weekend Book Review

Welcome to Revise and Resubmit, and today we bring you another Weekend Book Review. This time, we dive into a fascinating read that blends the worlds of finance, psychology, and life itself. The book? "A Wealth of Well-Being: A Holistic Approach to Behavioral Finance" by none other than Meir Statman. Now, Statman isn’t just any writer—he’s a pioneer in behavioral finance and holds the prestigious title of Glenn Klimek Professor of Finance at Santa Clara University. His work has reshaped how we think about money, decision-making, and the emotions behind them. With research published in journals like the Journal of Finance, he brings the weight of academic rigor, but in this book, he makes it personal. "A Wealth of Well-Being" pushes beyond numbers and investments—it weaves a narrative where financial choices shape everything from marriages to friendships, and from education to health. Statman draws on real-life stories to show how financial well-being supports life well-being, but also how life itself—our relationships, spirituality, and work—extends beyond the balance sheet. How does money affect love and loss, or education and ambition? And what lessons can we carry across cultures and generations? We often think of financial planning in cold, hard terms, but Statman invites us to reconsider: What if financial success isn’t the final goal but just one piece of the puzzle for a meaningful life? How might our personal values shift if we saw well-being as something beyond wealth? Thank you to Meir Statman and Wiley for making this timely book available. If you haven’t already, subscribe to Revise and Resubmit on Spotify, and catch us on Amazon Prime Music and Apple Podcast. Don’t miss future episodes, including more Weekend Book Reviews—where knowledge never takes the weekend off! Reference Statman, M. (2024). A Wealth of Well-Being. John Wiley & Sons. Youtube channel link https://www.youtube.com/@weekendresearcher