There are over 2,000 books picking apart how Warren Buffett built his fortune.
But none are called “This Guy Has Been Investing Consistently for Three-Quarters of a Century.”
10 Books That Will Change How You View Financial Markets
1"The Intelligent Investor" by Benjamin Graham
2"A Random Walk Down Wall Street" by Burton Malkiel
3"The Black Swan" by Nassim Nicholas Taleb
4"The Big Short" by Michael Lewis
5"Liar's Poker" by Michael Lewis
Footage from onboard an AeroMexico flight that was shot at whilst taxiing for takeoff at Culiacán airport. Cartel members are currently conducting multiple attacks in retaliation for the arrest of Ovidio Guzman
Remember, the stock market crashed in:
2020 (-34%)
2008 (-56%)
2000 (-49%)
1990 (-20%)
1987 (-34%)
1980 (-27%)
1973 (-48%)
…and recovered to all time-highs each and every time!
There are 4 types of wealth:
1. Financial wealth (money)
2. Social wealth (status)
3. Time wealth (freedom)
4. Physical wealth (health)
Be wary of jobs that lure you in with 1 and 2, but rob you of 3 and 4.
Technology and an aging population will lower inflation over time.
Automation and bots will eliminate wage inflation.
Thus, inflation will trend lower in the long run and will be manageable.
AI tools that didn't exist one year ago:
ChatGPT
Whisper
GPT-3
Codex
GitHub Copilot
InstructGPT
Text-to-product
AI slides
DALLE + API
Midjourney
Stable Diffusion
Runway videos
Email AI
AI chrome extensions
Replit Ghostwriter
No-code AI app builders
BlackRock just lost the largest amount of money lost by a single firm over a six-month period.
In the first half of this year, it lost $1.7 trillion of clients' money.
"Market Wizards" by Jack D. Schwager is a collection of interviews with some of the most successful traders in the world. Here are a few quotes from the book:
1. "The key to success is emotional discipline. If intelligence were the key, there would be a lot more people making
Zuckerberg: "A lot of people think that the metaverse is about a place,
but one definition of this is it’s about a time when basically immersive digital worlds become the primary way that we live our lives and spend our time."
Ray Dalio compared markets to poker and portfolios to casinos in a recent episode of the Richer, Wiser, Happier podcast.
Here are Dalio's 7 best quotes:
1. "The markets are a zero-sum game. It's like poker — somebody's going to take money away from somebody else. And it's more
@QCompounding
James Simons has a net worth of $22 billion as of 2022. He founded and served as CEO and chair of Renaissance Technologies, a renowned quantitative hedge fund, from 1982 until 2010. The firm's most famous fund, Medallion, uses a black box model in its investment strategy and has
If you had 1 million USD in your bank since 2015, the purchasing power today:
🇺🇸USD: $700,000
🇹🇷Turkish lira: $140,000
🇱🇧 Lebanese lira: $40,000
🇦🇷 Argentine peso: $30,000
🇻🇪 Venezuelan bolivar: $2
Bitcoin : $61,000,000