StinkyFingerItchyBum

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Joined 9 months ago
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Cake day: February 26th, 2025

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    1. Michael Lewis’s The Real Price of everything. (Rediscovering the six classics of economics)

    2. The Ascent of Money by Niall Fergusen

    3. Quinn and Turner’s Boom and Bust a Global History of Financial Bubbles.

    4. Michael Lewis’s the Big Short. Entertaining sure, but a key element here is understanding synthetics. Think about classical supply and demand in an era of “synthetics” and failures of modern markets leading to the 2008 great financial crisis. Bond raters, lol.

    Then wikipedia the greater fool theory, regulatory capture.

    1. Stockholm Resilience Centre Planetary Boundaries to question the myths of perpetual growth.

    2. David Foot - Boom, Bust and Echo to help with cohort analysis.

    The most important thing is that when it comes to money and finance, most of the easily accessible material will tell you an idealized version of how things are supposed to work, not how they really work. See regulatory capture again.

    Also, note that the people who are most knowledgable about the global financial system, banks and Investment Houses don’t make money on the “assets” they create. They make money selling it to rubes like you. That tells you what you need to know.