Reading List: Against the Gods

“Against the Gods”: : The Remarkable Story of Risk (Paperback) by Peter L. Bernstein

The author talked about the history of statistics and other theories and how they are applied to finance. The risk in this book is mostly about the risk of doing business. I find the parts about statistics hard to follow if you don’t already understand the mathematical concepts. Otherwise, it is very well written book. At the end, the author discussed more about financial markets which is interesting.

Reading List:Hot Commodities

“Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market”: by Jim Rogers

Basically, the book wants to convince you that “A new bull market is under way, and it is in commodities”. The author explained about the importance of commodities, described briefly how to commodity market worked, and convinced you that a bull market is under way. All his points are reasonable to believe in. Market analysis and arguments in the book are sometimes shallow. However, it is a good read overall.

Wealth Creates Poverty?

Globalization is an attempt to extend corporate monopoly control over the whole globe. Over every national economy. Over every local economy Over every life.


Socialism for the Rich

bq. Listen, investment banks have been going bankrupt since the beginning of time. If people make mistakes — if you bail out every investment bank that gets in trouble, that’s not capitalism, that’s socialism for the rich.

“Link”: via reddit.

Falling length of the foot was actually a good thing

“Then another economist would argue that the falling length of the foot was actually a good thing, because it caused people to be taller, which reduced their “body mass indexes,” thus fighting obesity.”