Professor Kalkyl
1/ Since my last book tweet caught fire and a lot of people asked for specific recommendations, I decided to compile a thread with the books that have changed my thinking and/or inspired me the most so far (more will get added over time) šš§ šš§µšš¼ https://t.co/g7CMpiYFMH
Book mentions in this thread
The Joys of Compounding
by Gautam Baid
In The Joys of Compounding, value investor Gautam Baid builds a holistic approach to value investing and philosophy from his wide-ranging reading, combining practical approaches, self-cultivation, and business wisdom. He integrates the strategies and wisdom of preeminent figures whose teachings have stood the test of time.Meditations
by Marcus Aurelius
The Roman emperor Marcus Aurelius Antoninus (a.d. 121ā180) embodied in his person that deeply cherished, ideal figure of antiquity, the philosopher-king. His Meditations are not only one of the most important expressions of the Stoic philosophy of his time but also an enduringly inspiring guide to living a good and just life. Written in moments snatched from military campaigns and the rigors of politics, these ethical and spiritual reflections reveal a mind of exceptional clarity and originality, and a spirit attuned to both the particulars of human destiny and the vast patterns that underlie it. From the Hardcover edition.Why We Sleep
by Matthew Walker
"Sleep is one of the most important but least understood aspects of our life, wellness, and longevity ... An explosion of scientific discoveries in the last twenty years has shed new light on this fundamental aspect of our lives. Now ... neuroscientist and sleep expert Matthew Walker gives us a new understanding of the vital importance of sleep and dreaming"--Amazon.com.Freakonomics
by Steven D. Levitt
Assume nothing, question everything. This is the message at the heart of Freakonomics, Levitt and Dubner's rule-breaking, iconoclastic book about crack dealers, cheating teachers and bizarre baby names that turned everyone's view of the world upside-down and became an international multi-million-copy-selling phenomenon. 'Prepare to be dazzled' Malcolm Gladwell 'A sensation ... you'll be stimulated, provoked and entertained. Of how many books can that be said?' Sunday Telegraph 'Has you chuckling one minute and gasping in amazement the next' Wall Street Journal 'Dazzling ... a delight' Economist 'Made me laugh out loud' Scotland on SundayThe Almanack of Naval Ravikant
by Eric Jorgenson
Getting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn. So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like? Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn't a how-to book, or a step-by-step gimmick. Instead, through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.Votes: 14
The Five Rules for Successful Stock Investing
by Pat Dorsey
The Five Rules for Successful Stock Investing "By resisting both the popular tendency to use gimmicks that oversimplify securities analysis and the academic tendency to use jargon that obfuscates common sense, Pat Dorsey has written a substantial and useful book. His methodology is sound, his examples clear, and his approach timeless." --Christopher C. Davis Portfolio Manager and Chairman, Davis Advisors Over the years, people from around the world have turned to Morningstar for strong, independent, and reliable advice. The Five Rules for Successful Stock Investing provides the kind of savvy financial guidance only a company like Morningstar could offer. Based on the philosophy that "investing should be fun, but not a game," this comprehensive guide will put even the most cautious investors back on the right track by helping them pick the right stocks, find great companies, and understand the driving forces behind different industries--without paying too much for their investments. Written by Morningstar's Director of Stock Analysis, Pat Dorsey, The Five Rules for Successful Stock Investing includes unparalleled stock research and investment strategies covering a wide range of stock-related topics. Investors will profit from such tips as: * How to dig into a financial statement and find hidden gold . . . and deception * How to find great companies that will create shareholder wealth * How to analyze every corner of the market, from banks to health care Informative and highly accessible, The Five Rules for Successful Stock Investing should be required reading for anyone looking for the right investment opportunities in today's ever-changing market.The Psychology of Money
by Morgan Housel
Doing well with money isnāt necessarily about what you know. Itās about how you behave. And behavior is hard to teach, even to really smart people. Moneyāinvesting, personal finance, and business decisionsāis typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people donāt make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of lifeās most important topics.How Do You Know? A Guide to Clear Thinking About Wall Street, Investing, and Life
by Christopher Mayer
How should you approach your investments? How should you think about them? Those are the types of questions Chris Mayer tackles in his newest book, How Do You Know: A Guide to Clear Thinking About Wall Street, Investing, and Life. Through a series of provocative-and often amusing-examples, Chris puts those perennial investing questions into a much larger context... How do you know anything at all? His answer, which is sure to make many readers uncomfortable is... you don't. How Do You Know? is not another book on investing. It is full of ideas about investing, including one that hasn't been part of the public investing discussion in nearly 60 years. But Chris' goal is not just to give you ideas, but to provide practical guidelines for uncluttering your thinking-that is, for getting unhelpful ideas and misleading information out of the way.TOOLS OF TITANS
by T. Ferriss
The latest groundbreaking tome from Tim Ferriss, the #1 New York Times best-selling author of The 4-Hour Workweek. From the author: āFor the last two years, Iāve interviewed more than 200 world-class performers for my podcast, The Tim Ferriss Show. The guests range from super celebs (Jamie Foxx, Arnold Schwarzenegger, etc.) and athletes (icons of powerlifting, gymnastics, surfing, etc.) to legendary Special Operations commanders and black-market biochemists. For most of my guests, itās the first time theyāve agreed to a two-to-three-hour interview. This unusual depth has helped make The Tim Ferriss Show the first business/interview podcast to pass 100 million downloads. āThis book contains the distilled tools, tactics, and āinside baseballā you wonāt find anywhere else. It also includes new tips from past guests, and life lessons from new āguestsā you havenāt met. āWhat makes the show different is a relentless focus on actionable details. This is reflected in the questions. For example: What do these people do in the first sixty minutes of each morning? What do their workout routines look like, and why? What books have they gifted most to other people? What are the biggest wastes of time for novices in their field? What supplements do they take on a daily basis? āI donāt view myself as an interviewer. I view myself as an experimenter. If I canāt test something and replicate results in the messy reality of everyday life, Iām not interested. āEverything within these pages has been vetted, explored, and applied to my own life in some fashion. Iāve used dozens of the tactics and philosophies in high-stakes negotiations, high-risk environments, or large business dealings. The lessons have made me millions of dollars and saved me years of wasted effort and frustration. āI created this book, my ultimate notebook of high-leverage tools, for myself. Itās changed my life, and I hope the same for you.āEconomics in One Lesson
by Henry Hazlitt
With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the āAustrian School,ā which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlittās focus on non-governmental solutions, strong ā and strongly reasoned ā anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.The Price of Tomorrow
by Jeff Booth
We live in an extraordinary time. In a world that moves faster than we can imagine, we cannot afford to stand still. In this extraordinary contrarian book Jeff Booth details the technological and economic realities shaping our present and our future, and the choices we face as we go forward-a potentially alarming, but deeply hopeful situation.Votes: 3
The Bitcoin Standard
by Saifedean Ammous
When a pseudonymous programmer introduced āa new electronic cash system thatās fully peer-to-peer, with no trusted third partyā to a small online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally-accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. While Bitcoin is a new invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse. With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoinās real competitive edge might just be as a store of value and network for final settlement of large paymentsāa digital form of gold with a built-in settlement infrastructure. Ammousā firm grasp of the technological possibilities as well as the historical realities of monetary evolution provides for a fascinating exploration of the ramifications of voluntary free market money. As it challenges the most sacred of government monopolies, Bitcoin shifts the pendulum of sovereignty away from governments in favor of individuals, offering us the tantalizing possibility of a world where money is fully extricated from politics and unrestrained by borders. The final chapter of the book explores some of the most common questions surrounding Bitcoin: Is Bitcoin mining a waste of energy? Is Bitcoin for criminals? Who controls Bitcoin, and can they change it if they please? How can Bitcoin be killed? And what to make of all the thousands of Bitcoin knock-offs, and the many supposed applications of Bitcoinās āblockchain technologyā? The Bitcoin Standard is the essential resource for a clear understanding of the rise of the Internetās decentralized, apolitical, free-market alternative to national central banks.