Official Review: The Third Gate to Hell by Donald Reichardt
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Official Review: The Third Gate to Hell by Donald Reichardt
The Third Gate to Hell by Donald Reichardt is categorized as C/T/M/H. The book is divided into five parts, each encompassing a period in the life of Will Martin and Monty Johnson. Although it does not follow the standard chronological order, the book describes the adolescence period of the protagonists (part 2), and the rest of the book details their careers. Although they both work in the financial market starting in the 1980s and going through the financial crisis of 2007-2008, the two friends are entirely different. His father taught Monty that the financial market exists to help others, that making money is a consequence of creating value for other families. Will has all the characteristics of a psychopath: he is incredibly charming and manages to convince people with incredible ease.
Although Will received his first job opportunity thanks to Monty and his father, he soon realizes that his works were too conservative and monotonous. Aspiring to have his own business and desiring all the material comforts that money can give, Will will tread a path that will ruin his life. Even with the opportunity to change, addiction makes everything happen again, and, unlike his friend, Will will have a tragic ending.
The book is fascinating and presents a detailed description of how the American financial market can harm small investors and taxpayers. The most exciting thing, however, is how the book brilliantly shows the miserable ending that greedy people tend to have. Unlike Monty, who has a unique and happy family and works to help people, Will Martin wants to conquer the world and has his life ruined. In the end, his life becomes a complete failure in all possible aspects: social, personal, financial, and family. The book couldn't be more educational, and that was what I liked the most.
What I am going to say is not really a flaw, but the truth is that many people will have trouble understanding some descriptions of complex financial transactions. In any case, the main protagonists work in the financial market. And to tell you the truth, some creative accounting techniques can be complex even for professionals in the financial market. I don't think the author could have done anything differently. Since I found only one grammatical error, there is no question that the book is professionally edited.
All in all, I rate The Third Gate to Hell by Donald Reichardt four out of four stars. It is awe-inspiring, educational, fascinating, and insightful. Apart from the detail discussed in the paragraph above, there is nothing negative to be mentioned. Therefore, the final score is self-explanatory. I recommend this book to all professionals in the financial market and all executives who only think about work and have unreasonable ambitions. Like Nietzsche said: "He who fights with monsters should look to it that he himself does not become a monster. And when you gaze long into an abyss, the abyss also gazes into you."
******
The Third Gate to Hell
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You an I, tonight!
You may forget the warmth he gave,
I will forget the light.
When you have done, pray tell me
That I my thoughts may dim;
Haste! lest while you're lagging.
I may remember him!
Emily Dickinson
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Greed is the third gate to hell.
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