/biz/ - Business & Finance

[Anonymous No.24559109]

can we get a based /biz/ books thread going?
Was thinking about picking up pic related, any others we should look into?

[Anonymous No.24559172]

>>24559109
I enjoyed the book.

Here's another one good one for you.

[Anonymous No.24559635]

get off my shitcoin speculation board with your shitty books

[Anonymous No.24559676]

>>24559109
>books

Ok grandpa

[Anonymous No.24559699]

millionaire fast lane

[Anonymous No.24559718]

>>24559635
your id says fag twice

>>24559676
can't learn everything from fortnite my dear

[Anonymous No.24559727]

[Anonymous No.24559760]

>>24559109
The 48 Laws of Power

[Anonymous No.24559769]

>>24559727
quality reply, much oblige

[Anonymous No.24559790]

>>24559760
I do own this one, skimmed through it, should actually take some time to read it thoroughly.

[Anonymous No.24559798]

>>24559109
This book is okay it's just EXTREMELY redundant at times. I hear The Intelligent Investor is supposed to be the best of /biz/lit/ but I haven't finished it yet

[Anonymous No.24559817]

>>24559109
All I read is the FUSE whitepaper. Micro-economies are the future. Fuse is ETH at $0.50.

[Anonymous No.24559846]

>>24559790
Also read the Bhagavad Gita

[Anonymous No.24559847]

Get the audiobook. Nightingale's voice alone is worth $1,000,000.

[Anonymous No.24559875]

>>24559798

The intelligent investor is useless. It gives practical investing advice for another era that isn't relevant any more. you will learn boomerisms like value investing and balancing your portfolio with bonds, which doesn't work in a world of infinite QE, zero interest rates, zombie corporations and so on.

[Anonymous No.24560046]

>>24559109
Master Key - Charles F. Haanel

[Anonymous No.24560081]

>>24559109
Normie, but get intro.
>live under means
>increase revenue
>decrease spend/liabilities

[Anonymous No.24560132]

>>24560081
Same idea, everyone gambles but no one ever read the original.

https://bitcoin.org/bitcoin.pdf

[Anonymous No.24560162]

>>24560081
>>24560132

Naked Statistics,
Great intro to stats.
Also suggest excel 101, how to vlookup, filter, modify sheets.
You'd be surprised at what you can find.

ANd how people lie.

[Anonymous No.24560178]

>>24559109
Delete this!!

[Anonymous No.24560187]

>>24559172
fuck u bird

[Anonymous No.24560217]

>>24560081
>>24559109

Read these two, and then this one, which will sort of give you the basic financial education you need in order to really understand The Millionaire Fastlane.

Then read The Millionaire Fastlane, which will teach you how to get rich. But you have to read those three first.

[Anonymous No.24560250]

>>24560217
>The Millionaire Fastlan

[Anonymous No.24560255]

>>24559109
Get this bro the book made by biztards for biztards

[Anonymous No.24560282]

>>24560250

Have you read it?

Also

>the 4-hour workweek
aka, How To Outsource Yourself Out Of A Job

[Anonymous No.24560286]

>>24560081
yeah just know that this is the one hit this guy had and he now has derived his intention into scammy overpriced seminars

[Anonymous No.24560385]

>>24560282
Yes, it's good, but old, the reason why digital nomad and vitamin/drugs online started. Were you never curious how silk road 1.0/TOR and this being being published somehow happened together?

It also isn't necessarily outsource yourself out of a job, but you can do many tricky things too. Why not? The whole book is showing how you can be tricky and use a normie wagie job as a runway for your own thing.

>>24560286
Agreed, but the base book itself is good, getting assets is good, decreasing debt is good, etc.

---

I will teach you to be rich, rehash of rich dad, poor dad, basically get all debt, pay off the small ones off first, or just do avalanche and work on biggest first and then make your money work for you / don't fall into debt again.

[Anonymous No.24560431]

>>24559798
ignore
>>24559875
When people say this, its when we start to reach the peak. Benjamin Graham goes over it, and literally people were saying
The
Exact
Same
Stuff
back in 2000 right before the dot com bubble popped.
The only thing that is probably "different" is bonds, only because no one predicted that the federal reserve would keep interest rates at ~.001%. He does say that "when bond interest rates are low, you should lower your bonds" [paraphrasing]. So obviously Graham would say that now-a-days you should have a very little amount in bonds, if at all. Book is still and will always be relevant. Ultimate midwit filter.

[Anonymous No.24560678]

>>24560385
>The whole book is showing how you can be tricky and use a normie wagie job as a runway for your own thing.

Except I know someone personally who followed that advice and got fired. Turns out CTOs nowadays are wise to amateur geoarbitrageurs and are on the lookout for them. Turns out there's about a million easily automated ways to monitor employee productivity.

TMF's main lesson is teaching the producer/consumer mindset, which is what broke me out of being a decently paid employee with some successful investments to being a millionaire. From a financial perspective, it's the most important thing that ever happened to me.

[Anonymous No.24560735]

>>24560678
You're right anon, IP, logs, o365, email/exchange, VPN, but it depends, if your'e a valuable employee they'd keep you.

Arbitrage is great, most people see it, but never can define it. They go "oh it's just cheaper over there."

Still, you can do it, and if you get fired, so fucking what.

--

For your second part, even more so, A/B testing, and producing something and creating a brand. which takes me to....

$100 startup.

Great book, offer a product, a service, brand it, create a identity and scale it.

[Anonymous No.24560787]

Kybalion
Correlation of sound and color
Secret life of plants
The body electric

and finally any decent book on astrology

[Anonymous No.24560806]

>>24560678
But anon, since you enjoyed that one, have you read this one?

This one is golden, really, and it isn't even per se a "business book."

[Anonymous No.24560825]

This one will change your life

[Anonymous No.24560848]

Read this and know everything

[Anonymous No.24560857]

>>24560735
>if your'e a valuable employee they'd keep you.

Very true, and there's so much more to success in the wage world than just productivity. But the hilarious thing is every time you successfully outsource part of your job to a jeet, you are actually lowering your value, cuz why the hell are they paying you X to do it when Prakash can do it acceptably for a fraction of the cost?

>A/B testing, and producing something and creating a brand.
>$100 startup

Great point and a fantastic book -- I guess that stuff I already understood well enough, so what changed my life was the producer/consumer mindset thing. I was trying to do things that would make me money, and having moderate success, but it wasn't until I realized that my focus had to be 100% on what other people want, that you get money for fulfilling other peoples' desires, that Money = Impact x Scale, things started to kick into hyperdrive. It was a seeing the Matrix sort of moment

>>24560806

I will read the hell out of that book, Anon, thank you.

[Anonymous No.24560994]

>>24559109
reminiscences of a stock operator

[Anonymous No.24561049]

>>24560848
nice pick always reread it every now and then and get something different

[Anonymous No.24561100]

>>24560081
Richest guy i know told me this book is the most important thing he has ever read.

[Anonymous No.24561230]

>>24560431
Ok. have fun reading company balance sheets trying to discover hidden "value" , when the top performing companies are all tech companies with intellectual assets of intangible value.

[Anonymous No.24561256]

>>24561230
I have actually, and ive been really enjoying it. Notice how Graham never says to avoid the modern day tech stocks at all. He is writing a book on investing. That is speculation. He says its fine to speculate, its just that majority of people who speculate lose money, and to keep your speculations separate.

[Anonymous No.24561408]

>>24559172
>>24559109
>>24560081
>>24559727
>>24560385
>>24560255
>>24560848
>>24560825
>>24560825
>>24560806
Stop reading meme books. get your facts right.

[Anonymous No.24561455]

>>24561408
100% Agree, but these books are good kiddie pools, hand someone a book of corporate finance, and have them learn excel and how to do GAAP prudence, and yeah they are going to not do that shit.

The idea of these self help books is the guidance, and being able to relate to the shitty story presented. "Wow, that dad could be my dad.!" or "Wow, I'm not that much in debt, haha, but, hey, how much debt do I have?"

Thus the spark begins for someones financial literacy journey begins and they become pariah around their friends for not keeping up with the joneses and living out of their means.

[Anonymous No.24561540]

>>24561455
my point is that you should finish all those self help and motivation book in around 1 year time span. At this point you should have mindset of really filing for business, running your website, ordering for payrolls, hiring an accountant or cram IRS yourself, manage accounts, get your product ready and start making money. While you are getting money, be ready to understand finance and business laws properly(even your accountant wouldn't know much) because bankers and older men will be very ready to fuck you up in multiple ways.
>t.VFX business.

[Anonymous No.24561589]

>>24561256

everyone is forced to speculate today because markets are disconnected from reality and everyone is chasing yield with their monopoly dollars. you won't get a clear picture of which companies are likely to go up based on the assets in their balance sheet, because investors are willing to pump companies that are cash flow negative based on memes and future narratives .

I really don't think the advice in that book is applicable at all today, but if you feel that it helps you, more power to you.

[Anonymous No.24561654]

>>24561455
Well, if you really want to disavow Materialism, read One-dimensional Man.
That is perhaps the perfect description of our times.

>>24561408
That textbook is quaint but ultimately useless in the real World.
If you are interested in computation E(R) etc. and the raw data involved, it may be an ok read but for the love of God never use it for investment decisions.

>T. Studied the 8th edition in University

[Anonymous No.24561885]

>>24561408
I have this book, on the recommendation of martin shkreli, and it has had ZERO utility for me and will certainly have none for anyone here. If i had applied the workings in this book as an investment philosophy i never would have invested in chainlink.

If you want establishment results, read establishment books. If you want to ascend, you have to go deeper.

[Anonymous No.24561965]

>>24559847
You weren't kidding. Holy shit.
https://www.youtube.com/watch?v=7lAvd7_a6Kg

[Anonymous No.24561994]

>>24561885
My mom gave me this book. She works at the World Bank and they were apparently giving out copies to entrepreneurs in developing countries. I enjoyed it though as a biology person I didn't 100% agree with Thiel's take on biotech. I really liked the part about how 'you are not a lottery ticket'.

4/5 book in my useless opinion.

[Anonymous No.24562159]

>>24561885
>If you want establishment results, read establishment books. If you want to ascend, you have to go deeper.

This is a really good way of putting it

[Anonymous No.24562231]

educate yourself on food and there's a lot more energy to tackle growth

[Anonymous No.24562652]

>>24561408
based and redpilled. google for pdf.

[Anonymous No.24562681]

>>24561885
And what books or strategies or experiments that would be ? Risk perception and opportunities are functions of wealth and social network capital.

[Anonymous No.24562701]

>>24561885
peter thiel is contrarian god among men

great book, it's marketed as a business book, but is moreso a philosophy

[Anonymous No.24562703]

>>24562231
That shit was debunked by many people . Vegan propaganda. https://deniseminger.com/2010/07/07/the-china-study-fact-or-fallac/

[Anonymous No.24562717]

>>24561994
Biotech is the next kondratiev wave. Thiel is a mogul of tech stuffs. Biotech would create its own Thiels.

[Anonymous No.24562726]

>>24559109
everything by nassim nicholas taleb is based

[Anonymous No.24562729]

>>24559109
Unironically the only book you need to make it

[Anonymous No.24562757]

https://youtu.be/Ke8TZj63F0Q

[Anonymous No.24562775]

read this to ascend

[Anonymous No.24562787]

>>24559109
a way of living and a way of thinking i wish someone told me sooner

[Anonymous No.24562890]

>>24562703
>many people
says who? your favorite keto youtuber? the book is outdated granted i'll give you that

[Anonymous No.24562912]

>>24562717
I agree but I don't think it's failed so far because of lack of vision or trying like Thiel implied. It's just that the technologies haven't matured to the point where biotech startups are economical.

[Anonymous No.24562967]

best book on speculation ever written

100 years old and still hyper relevant in shitcoin markets today

[Anonymous No.24563099]

Hmmmmmmmmmmm
Why would they write this? Risk is necessary. Maybe it wasn’t back then?

[Anonymous No.24563394]

>>24563099
nigger the brickmaker didnt know shit about what he was trading and he was just bullshitting our guy. youre taking that passage out of context

[Anonymous No.24563817]

>>24563394
Yes but does it fucking matter. It’s literally telling you to save fractions. What the fuck is this moral preaching. This doesn’t apply, you make 20k per year and save 1/10 your gonna be poor forever no exceptions. You make 100k? No difference. Why the fuck is it telling me to enjoy life? I want money, nigger, not happiness.

[Anonymous No.24564115]

>>24559109

[Anonymous No.24564143]

>>24559109
I read it recently, interesting read. Won’t give any decent insight maybe some inspiration.

[Anonymous No.24564166]

https://youtu.be/Ke8TZj63F0Q

[Anonymous No.24564168]

>>24563817
the buffet boomer system no longer works in the tech world, holding a stock that doesn’t go up for years but it has a 4% dividend doesn’t work with todays inflation, goodluck getting a dividend from Tesla but it goes up 10x, crypto’s even better

[Anonymous No.24564318]

>>24559875
This guy knows a thing or two.

[Anonymous No.24564381]

>>24560678
I read it, and I’m still poor. Stupid book.

[Anonymous No.24564631]

>>24560385
i took out a sizeable personal loan went all in btc about 400% profit so far loan apr is 6%

[Anonymous No.24564833]

>>24564631
Pay back the fucking loan lmao. You'll probably scoff but you'll be so fucked if you don't