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Financialization of Everything
sari and • 59 cards
Banking, done in the proper German fashion, is less a free enterprise than a utility. “Why should you pay twenty million to a thirty-two-year-old trader?” Müller asks himself. “He uses the office space, the IT, the business card with a first-class name on it. If I take the business card away from that guy he would probably sell hot dogs.” This man
... See moreMichael Lewis • Boomerang: Travels in the New Third World
Priceless: The Myth of Fair Value (and How to Take Advantage of It)
William Poundstone • 3 highlights
amazon.comPersonalized Finance
sari and • 13 cards
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
If such an event actually happens in your life, you should know that a large industry of “structured settlements” exists to provide certainty at a hefty price, by taking advantage of the certainty effect.
Daniel Kahneman • Thinking, Fast and Slow
There’s also the misalignment between legacy mechanisms and the risks that dominate today. A key component of social insurance in the age of the automobile and mass production is that it was focused on salaried workers with steady jobs. Yet today steady jobs are increasingly the exception rather than the norm, at least for those who are newly hired
... See moreNicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
Blowing Up: How Nassim Taleb turned the inevitability of disaster into an investment strategy.
An exploration of the role of luck and uncertainty in the financial marketplace, and how it challenges the notion of skill in investing.
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