/biz/ - Business & Finance

Buy this one anon. Mohammed El Erian is one of the best economists in the world.

Required reading for /biz/tards

>>10015860
>all this big ideas philosophy, no historical studies
Dude, go google "bridgewater economic principles deleveraging levering" and find the PDF copy from 2004. That will explain how the world's biggest hedgefund thinks about markets. Also get their article on "risk parity".
Also read the 'Lucas Critique' I can't remember what the actual paper was called but it dove tails nicely into this this one by George Soros
https://www.georgesoros.com/2014/01/13/fallibility-reflexivity-and-the-human-uncertainty-principle-2/
It'll be good to counterpoint any Austrian School with it and draw your own conclusion.
Get your hands on any Clay Christensen as well
that'll cover all the macroeconomic stuff. The think about the bridgewater and Soros stuff is these guys have made BILLIONS, none of the guys on your chart or I've mentioned have.

>>10015860
I don't read, I just listen to Rich Dad Poor Dad and The Four Hour Work Week audiobooks on YouTube

Now if you want to start a business off the top of my head, go read "marketing myopia" . Michael E. Porter is considered the guru on marketing strategy, but basically you can condense all he talks about to 'focus on delivering a specialty that people will pay a premium for'. And on that note read a fluff piece book called 'how to kill a unicorn' it'll show you how to come up with practical and great solutions when you don't have perfect conditions. However Mark Chussil is pretty good too - he has some very good arguments why you should never do a SWOT analysis - a lot of stuff about competition and pivoting.
Now you'll probably need to get into selling and marketing.
Learn to write copy - go read the Economist Style Guide, the Associated Press style book.
See if you can get any books by Paul Rand - he designed the logos for IBM, Westinghouse, UPS - he's second only to Saul Bass in terms of graphic design. That will teach you a lot of distilling the visual language of your brand into something that reaches the consumer - the point is his books very clearly lay out his creative process and how he thinks about (visual mostly) communication.

I can suggest tonnes of other books, but you need to be specific about what your end goal is - don't just say "I wanna learn about business and investing" no. Tell me what kind of investing - forex, equities, futures. What kind of business, and what capacity? Where are your skills and where do you need some guidance?

>>10016256
*leveraging
*from 2014

>>10016380
>I don't read

>>10016473
>Tell me what kind of investing
Stocks and ETFs

>>10016473

Do you have a good general purpose macroeconomics book you would recommend.

>>10015860
Ancap studies.
The gender studies of economics.

I am disappointed, anon.
Did you not learn anything from the past two years?

>>10016586
I'm more of a Forex guy, but when I've accurately picked stocks it seems to be because I pick companies that I think I understand and read their annual reports, read their competitor's ones too, read their suppliers and partners reports and keep notes. Start understanding what their cashcows are, their risks, expenses, which ones are efficient, which ones are growing, which ones are getting cannibalized by others.
>Unless you wanna learn about TA which I have no idea about. I investigate capital flows
https://www.valuewalk.com/wp-content/uploads/2014/10/ray_dalio__how_the_economic_machine_works__leveragings_and_deleveragings.pdf
>Financial Management Theory and Practice - Brigham/Ehrhardt
That's all I can think of off the top of my head. Investopedia, Martin Shrkeli's lectures, and Berkshire Hathaway annual reports are good resources for you.

>>10016620
first link here
>>10016743
And if that's too much for you there's a dumbed down video version by them on Youtube