Here's a list of books I recently listed on a FB group that I've read related to finance, investing, trading and Bitcoin.
It's not an all exhaustive list but thought some of you might like to scroll through. Plus a bit of story…..
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I am trying to set up a local meetup and inviting some local business owners and members of the public.
The amount of hostility in these circles is gobsmacking.
It is why I rarely go on FB.
But…plebs….it is time to enter the belly of the beast. We must fish where the fish are….
I was being challenged by some people saying that I didn’t know what I was talking about and that Bitcoin was a scam.
I normally just ignore them….but today I said “No”. “Fuck You”. “Let’s compare notes”
Many of us aren’t proud enough of the proof of work we have all put in to understand this thing.
We should share it more often.
Here was my reply:
“For anyone playing along at home. Trust me when I say I don't take this education thing lightly.
Now this isn't to big note myself or to say that I am any smarter than anyone else here.
But here is a (non-exhaustive) list of books I have read on finance, money, macroeconomics and Bitcoin.
Simply to highlight that I just might know something about what I'm talking about.
I challenge anyone here who says I don't know what I am talking about to present me a list of resources as a counter argument and I will gladly look into them. This is also not to.mention to countless hours I have spent watching videos and podcasts and reading newsletters.
These are simply the books I have read on this topic that I could list, there would be others.
When money dies
The tower of babel
The Price of Tomorrow
The Price of time
The little book that beats the market
What works on wall street
One up wall street
The sovereign individual
The fourth turning
The intelligent investor
The smart money method
Trading the zone
The aquirers multiple
The #1 Rule
The university of Berkshire hathaway
magic internet money
Mastering the lightning network
Mastering Bitcoin
Layered money
The bullish case for Bitcoin
The Bitcoin standard
The creature from Jekyll island
The crash course
The fiat standard
The rise of America
Aftermath
The new case for gold
The deficit myth
The changing world order
Reminiscence of a stock operator
Mr x interviews vol I
Mr x interviews vol ii
The new great depression
Inventing Bitcoin
The blocksize wars
Mystery of banking
Benjamin grahams net net stock strategy
Resource Market Millionaire
Common stocks and uncommon profits
Margin of Safety
Invested
The dhando investor
The barefoot investor
The barefoot investor for families.
Berkshire Hathaway letters to shareholders
The education of a value investor
Warren buffett's 3 favourite books
Warren Buffett accounting book
Anatomy of the state
Sapiens
Gold And silver.
The psychology of money
Market wizards
The black swan
Big debt crises
What I read to Know thy enemy:
The great reset
The fourth industrial revolution
The communist manifesto
Scarily related fiction:
1984
Atlas shrugged
All I want to do is share this info with everyone else who is tethered to the fiat slave mines and subject to massive Inflationary extraction. And those who don't have the time or inclination to read this sort of thing.
If you aren't interested, keep scrolling.”
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Don’t be scared plebs. Wear your knowledge like a badge of honour. None of it comes easy and it’s what you have done to stay ahead of the game.
What's happening over in Canada at the moment is quite alarming.
It's called a bank-run.
One of the last notably major bank-runs was in Cyprus in 2013 when the bank bail-in laws were put into play and the banks started seizing people's savings.
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People rush to the banks and ATM's to withdraw their savings.... the problem is......the banks don't have enough money.
The problem lies with fractional reserve banking. Banks need only keep a small % of deposits, meaning they create more money out of thin air, creating credit.
Steve deposits $100 into his bank. If they operate on a 10% fractional reserve requirement they must keep $10 out of Steve's $100 within their reserves. The other $90 they can lend out.
John borrows this $90 from the bank, he buys a trinket from Tom.
I was asked by some friends recently why I thought bitcoin was the only undervalued asset left. The answer while long and complex can be broken down by understanding the fundamentals behind how everything is valued. That is from the treasury bond market and the risk free rate 1/
of return. The RFRoR is the main input by which every asset is compared, as this number trends toward 0, asset price valuations trend towards infinity by comparison. I’ve written 2 articles to introduce this concept. The first is on how bonds work and how they are priced. 2/
The second is how the RFRoR is used to value equities, and how when coupled with passive flows and the search for yield we are distorting market price discovery.
3/
We are in a massive credit bubble. If they allow it to pop we will experience the greatest depression in history. They can’t tax their way out of this mess without riots in the streets. They can use a global pandemic to engineer inflation to inflate away the…
debt away. Lockdowns, shutting down business and manufacturing. Funnel distribution and purchases into a few channels (the large corporates), cutting supply lines. This concentration of demand coupled with reduction in supplies leads to higher prices…..2/
Higher prices (eventually) lead to higher wages, which leads to higher taxes. The mass depreciation of the underlying currency leads to an increase in debt serviceability of the debt for the governments. 3/