I am working on a column "5 Non-Finance Books All Finance People Should Read."

My list of 5 consists of 3 hardcore must-haves, then a deathmatch for spots 4 + 5 among a dozen

What Non-Finance books do you think EVERYONE in finance should read?
Obviously, things like "Thinking Fast and Slow," "Fooled by Randomness" or "Thinking in Bets" are already so well adopted by Wall Street we count them as financial books.
When I started on a trading desk the book I saw most often was Sun Tzu's "The Art of War;" there was even a version titled "Art of War for Traders and Investors"
I do have a @RyanHoliday book on my list, but no one seems to have mentioned it...

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More from @ritholtz

2 Sep
What do you do if you are one of America's worst governors, and your state is in the midst of the nation's worst Covid outbreak?

Why, you stop reporting data on infection, hospitalizations, or deaths.

1/
Florida's Governor Desantis no longer allows mortality reporting for the state -- as the WSJ chart below shows

wsj.com/articles/coron…

2/
As the map shows, Florida is the hottest of Covid hot spots. Also noteworthy is Nebraska, which no longer posts county data (Source: WSJ)

3/
Read 5 tweets
30 Jul
This week on the podcast, I have an EXTRA extra special guest:

Dr. Charity Dean, California health official + lead character in Michael Lewis's "The Premonition: A Pandemic Story."

She is the co-founder of The Public Health Company
@drcharitydean

podcasts.apple.com/us/podcast/cha…
Look at the groups that are Vaxxed up or not.

I wonder how many of these folks Mom's would tell them they should be ashamed of themselves Image
Read 19 tweets
19 Jul
On Friday, I had an “extra special” MiB guest – I interviewed Brain Deese, Director of the White House National Economic Council under President Joe Biden.

The entire hour interview is now live

podcasts.apple.com/us/podcast/bri…
1/
What motivated this conversation was an Executive Order issued by Biden.

It was not the usual 1-pager/Photo Op; Rather, it was a serious, 6,832 word, 72-bullet point document.

You may have missed it.

whitehouse.gov/briefing-room/…

2/
It kind of snuck by unnoticed.

The EO reveals a major policy change: A complete of decades of lax antitrust enforcement, much greater scrutiny of M&A + tougher enforcement against anti-competitive industry consolidation.

I thought it was a big deal.

ritholtz.com/2021/07/presid…

3/
Read 18 tweets
15 Jul
Dogecoin creator lays down a brutal thread about why Crypto is not what it appears to be.

This has become a full-blown battle of Narratives...
Nice work by @TheStalwart spotlighting this

bloomberg.com/news/articles/…
It is important to recognize the risks we create when working from a Narrative that:

1. We agree with (Confirmation Bias)
2. We disagree with (Cognitive dissonance)
3. We are unaware we lack the skillset to assess the accuracy of (Dunning Kruger)
Read 8 tweets
8 Jul
Lots of happenings in Residential Real Estate. But be careful not to get caught up focusing on the wrong things -- no, it's not about inflation or NIMBY or PE rentals.

The big issues are technology, ultra-low rates, capital, and changing demographics.

A quick thread

1/
Let's go thru some of the things that matter far less, beginning with prices.

What matters most are not the price paid, but the monthly carrying costs. This is why low rates have a big impact, and tend to send prices higher.

awealthofcommonsense.com/2021/03/what-i…
2/
Next, RRE Inflation.

Try to avoid chart/statistics crimes, like focusing on Year-over-year data from the pandemic lows. Ignorance? Bias? Fraud? I don't, but avoid this kind of garbage.


3/
Read 21 tweets
5 Jul
There are no shortcuts, secrets or get rich quick schemes that work, WITH ONE EXCEPTION:

My 3-day workshop where I reveal the secrets the ultra-rich have shared with me. You cannot afford to miss this all for the low, low price of $4,995.

Sign up here.
thesecretstofabulouswealth.com
If thats too pricey, then read today's Bloomberg column with my 10 Rules of Money

bloomberg.com/opinion/articl…
And if THAT'S too expensive, well, here is the free summary + list

Bad decisions and poor behavior are the primary reasons why many fail to meet their financial goals.

ritholtz.com/2021/07/bbrg-t… ImageImage
Read 5 tweets

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