Secrets I'd Only Tell My Daughters About Business and Life
By Karen Finerman
(Business Plus, Hardcover, 9781455514489, 272pp.)
Publication Date: June 4, 2013
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Karen Finerman likes to tell people she was raised Calvinist. Or as her mother used to say, "I buy my girls Calvin Klein clothes... Then when they graduate from college, they have to figure out how to pay for them themselves." In order to keep herself in Calvin, Karen went to work on Wall Street.
As a woman working in finance she noticed numerous ways that she and her female colleagues sabotaged themselves both professionally and personally. Why were her friends unable to bring the same logic they applied at work to personal decisions? Why did they often let personal baggage undermine them in the office in a way that her male colleagues never did? A classic illustration is that women tend to Poll (Do I look good in these shoes?) rather than Decide, often giving too much weight to the input from a random stranger rather than rely on their own gut.
Covering three major topics (Career, Money, Love), Finerman's Rules serves up unvarnished advice about getting ahead in your career, overcoming failure, meeting your ideal mate, and navigating the [cut "cons" add "challenges"] of work-life balance. Most importantly, she offers the reader a crash course in taking control of her financial destiny. Or as Karen puts it, "You wouldn't let a man tell you where to live, how to vote, or what to wear. Then tell me why 80 percent of women have a man in charge of their money?"
Karen Finerman is the CEO of Metropolitan Capital Advisors, a New York-based hedge fund that she co-founded in 1992 with Jeffrey Schwarz. In addition to running Metropolitan Capital, she is a regular on CNBC's Fast Money. She is on the board of the Michael J. Fox Foundation for Parkinson's Research and is a trustee of the Montefiore Medical Center in the Bronx. She lives in New York City with her husband, Lawrence Golub, and their two sets of twins, Lucy and Jack, and William and Kate.
This is the book that every woman who wants a role model for success needs. Finerman's Rules is jammed-packed with great advice that's presented in Karen's uniquely honest and funny way. She teaches through her own story as a mom of four, a wife, a daughter, how she became a big Wall Street success, then failed big (spectacularly) and then bounced back. Everyone can learn from Karen, I know I have.
-- Suze Orman
This is the book every parent should give to a daughter. With the wisdom that comes only with experience, Finerman offers young women the advice of a mentor and the candor of a friend.
-- Lois P. Frankel, Ph.D., author of Nice Girls Don't Get the Corner Office
As a woman on Wall Street and the mother of four, Karen knows how challenging it can be to find the right balance between work and home. She also recognizes how important it is for women to take a more active role in managing their money. With honesty, style and wit, she shares practical advice for having a great family life, a fulfilling career and a better-than-passing acquaintance with personal finance.
--Tory Burch, Designer and CEO of Tory Burch LLC