/biz/ - Business & Finance

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>>15859385
This Week In Startups. Interviews with folks who turn into tech billionaires.
https://www.youtube.com/user/ThisWeekIn

I've got more but don't want to spam the thread this early.

>>15859385
https://thepiratebay.se/torrent/7203939/Thomas_Sowell_Collection_1_(9_audio_books)
For the anon's who like audiobooks

>>15859494
https://b-ok.cc/book/1128151/6f59b2
For anyone who likes mute books

>>15859474
g'ahead

>>15859385
haven't used it for business but it's worthwhile checking out

https://openstax.org/

also found these the other day, know idea if they're useful
https://www.wikibooks.org/
https://en.wikiversity.org/

>>15859385
Nomad capitalist, all on YouTube. His gonna be helping me with my strategy.

It's good to learn business and economics but you're fucked if you don't learn about how to protect your earnings and assets from the taxman

>>15859476
What the TLDR on this?

>>15859385

>>15859385
Also, 4hr work week, $100 start up and anything on asset protection

>>15859586
>Nomad capitalist
I'm aiming for St Lucia passport for $100k
You may find these helpful
https://dits.deloitte.com/#TaxGuides

>>15859512
damn nigger thank you very much for the link

>>15859603
Based motherfucker
I'm going for St Kitts and Nevis

>>15859586
good read about how people hide tax money using loopholes

>>15859558
Trading

Learn from actual money managers
https://www.youtube.com/user/OpalesqueTV/videos

Chat with traders is good to start so you can learn what style matches yours.
https://www.youtube.com/channel/UCdnzT5Tl6pAkATOiDsPhqcg

Value investing
Mohnish Pabrai is friends with Buffet and compounds at 26% and runs his funds himself
https://www.youtube.com/user/mohnishpabrai

My favorite path to Billions
Chris Sacca became a Billionaire as a VC running his own fund with 1 part time employee living in a ski town
https://tim.blog/2015/05/30/chris-sacca/

>>15859626
>I'm going for St Kitts and Nevis
Sounds like a good choice fren, why there though? St Lucia was the least expensive last I checked which is why I picked it.

What path are you taking? HODL crypto, online business etc.

I'm options trading.

>>15859595
The author is basically arguing against the fact that governments have a monopoly on the creation of money. He argues that a lot of the economic problems we see are almost top to bottom a direct result of this fact. For example, since people are forced into using fiat they can't really object to the fact that their wealth is arbitrarily being inflated away. I just looked up the synopsis for a refresh and it has a great quote:

"Consider the current U.S. real-estate boom. Many Americans are utterly convinced that American real estate is the one sure bet in economic life. No matter what happens on the stock market or in other strata of the economy, real estate will rise. They believe themselves to have found a bonanza, and the historical figures confirm this. Of course this belief is an illusion, but the characteristic feature of a boom is precisely that people throw any critical considerations overboard. They do not realize that their money producer—the Fed—has possibly already entered the early stages of hyperinflation, and that the only reason why this has been largely invisible was that most of the new money has been exported outside of the U.S . . . Because a paper-money producer can bail out virtually anybody, the citizens become reckless in their speculations; they count on him to bail them out, especially when many other people do the same thing. To fight such behavior effectively, one must abolish paper money. Regulations merely drive the reckless behavior into new channels."

Book was published in '08, so wrote it well before then. He pointed out the issues of The Great Recession and subsequent QE well before they happened. The book fundamentally changed how I look at the economy, making it really easy to see how having shit money basically makes the market irrational because no one really covets the money that they hold. They have no reason to fear making horrible investments because more money can always be created. There's no true scarcity.

>>15859595
Theres a free PDF of the book if you're interested.
https://mises.org/library/ethics-money-production

its fun to have threads about business and economics on /biz/ frens

>>15859815
there really should be a /crypto/ board so we can get back to actual business discussion on our Mongolian spider web harvesting forum

>>15859722
>Book was published in '08, so wrote it well before then. He pointed out the issues of The Great Recession and subsequent QE well before they happened. The book fundamentally changed how I look at the economy, making it really easy to see how having shit money basically makes the market irrational because no one really covets the money that they hold.

I used to view the world through Austrian Economics as they predicted 08. I made a little money based on their models.
I respect it but no longer see it having highly predictive powers.
I recommend listening to this guy for an alternative perspective that has proven to be highly accurate at predicting price trends.
https://mises.org/library/martin-armstrong-forecaster
https://www.armstrongeconomics.com/blog/

>>15859738
Thanks for the link

You may find this book about the 18.6 year real estate cycle interesting. It details 200 years of USA history about bank credit waves expanding and crashing the economy. Its fucking amazing. In the 1860's banks were creating pooled mortgage products sounds familiar right? Guess what the outcome was...
http://www.businesscycles.biz/realestateresearch2.htm
The green arrow links are free to read.

>>15859877
I like the Austrian view because it basically brings to light things that fairly obvious once they are explained. I don't really have a background in finance or economics, but I took a few courses in college. Keynesian/mainstream theories never made sense to me and basically esoteric (I could also be a brainlet). It's odd that most people look at economics as something that is impossible to grasp, when really it seems that we've built our economy around Keynesian and neoliberal theories that are complicated and only seem to work when money is easy. It is all too high level and complex, and seems to completely ignore the base level of economics. Austrians seem to really nail that and they don't offer too much else beyond that.

I will definitely be checking out those links, thanks anon. I'm self-taught, and I'm always looking for new stuff.

Another book that you might find interesting. It takes you through the history of gold and how important it has been in building society. I've never heard anyone talk about it or suggest it, I kinda just stumbled on it by digging. Can't seem to find a free copy though...
https://www.goodreads.com/book/show/758334.Gold_Wars

>>15860103
>basically esoteric (I could also be a brainlet).
their the brainlets not you
it's just like the food pyramid, theories that sound good but fail in the real world. it's in everything.
https://en.wikipedia.org/wiki/Replication_crisis

>I'm self-taught, and I'm always looking for new stuff.
same, I've got a ton of stuff I can give you if you want. You got discord?

>https://www.goodreads.com/book/show/758334.Gold_Wars
I know this author from interviews he's from the GATA crowd.

You doing any trading or investing?

>>15859385
A free version is online at http://moslereconomics-kg5winhhtut.stackpathdns.com/wp-content/powerpoints/7DIF.pdf

>>15859385
>>>/biz/catalog

>>15859385
Thanks for a decent post. I must take my leave gentlemen. I have much to read.

>>15860275
>it's just like the food pyramid, theories that sound good but fail in the real world
based. pic related

>I've got a ton of stuff I can give you if you want
Unfortunately I don't have a discord. Even if you just have a couple things, I'd be interested. Right now my backlog is Princes of the Yen by Richard Werner, Andrew Jackson and the Bank War by Robert Remini, and
Fiat Money Inflation in France by Andrew Dickson White and I'd like to add to it!

No trading. I tried it when I had some more free time in my life, but I didn't know what I was doing. Now I am a more informed but I don't have the time. I'm invested in silver right now, but I don't have a ton of exposure to it. You?

>>15859385
Cant be bothered to post a image but "The Richest Man in Babylon"

>>15860480
Fiber Menace
TLDR?
Some types of fiber no good?

If your going to read Princes of Yen watch this talk.
Armstrong explains how in 1989 two Japanese funds that couldn't follow his computers advice lost 1 Trillion Dollars each!
https://chadanon.s3.amazonaws.com/Analytical+Conference+-+Understanding+Cycles.mpeg
If you have a back log of books have you tried text to speech? I read everything using it at double speed.

Once I read the book on the USA money system for 200 years I stopped researching financial corruption. the story was always the same corrupt political insiders allow stupid financial shit and some dicks run away with money. Over and over and over. In Greece they had a similar real estate collapse 2000 years ago!

>I'm invested in silver right now, but I don't have a ton of exposure to it. You?
Fell for the silver meme hold 1,000's of oz, it should finally start being in a bull market again next year.
I trade options. best trade I've done went up 44x

Finally some serious thread on /biz/. Any good MOOCs (online courses) on economics/marketing? On Coursera there are courses by the university of Pennsylvania but they cost 80$ a week, like wtf. Give me free courses because I'm a poor noob.

>>15860807
https://1337x.unblocked.nz/torrent/3624609/Coursera-Economics-of-Money-and-Banking-Part-One-Columbia-University/

Look on torrent sites

Look at the Austrians it makes the most sense
https://mises.org/library/ethics-money-production

Do you have a goal for your learning?

>>15859877
Austrian economics deserves no respect whatsoever. Their theories are based on assumptions that are demonstrably false, and they seldom even attempt to reality check.
They claim their theories are based on psychology, but they ignore those aspects of psychology that don't fit their agenda.
And they're intellectually dishonest - they claim inflation to be expansion of the money supply rather than increase in prices, until you ask them why inflation is bad, at which point it suddenly becomes increase in prices again.

Their prediction of 08 was right on the stopped--clock-is-right-twice-a-day principle. They always predict economic failure, but if we followed their preferred policies the failures would become the norm.

>>15860807
>Give me free courses because I'm a poor noob.
https://www.khanacademy.org/economics-finance-domain
https://www.open.edu/openlearn/free-courses/full-catalogue

>>15860913
I agree with your points about the Austrian school.
Austrians make more sense than the current Orthodoxy which says 2008 was a 6 sigma event which comes from everything is random etc.

The problem isn't inflation, central banks and crony capitalism. The problem is our inability to compute the effects of complex interactions that occur in the economy.

Ok so what school/models do you like.
Also do you trade or invest?

>>15860913
How is an increase in the money supply different from increased prices? Doesn't an increase in the money supply necessarily create higher prices? Genuinely curious

>>15859385
Go to school ya fuckin bum

>>15861068
If production were constant, an increase in the money supply would necessarily create higher prices.
But production is not constant; it's nearly always rising, and there have been huge gains in productivity thanks to technological improvements.

>>15860990
>Ok so what school/models do you like.
MMT is the best one I've seen so far. It uses a sectoral balances framework to accurately describe what is happening in the economy.
One of its clear strengths is the ability to identify the logical flaws of its rivals.

>Also do you trade or invest?
Not at the moment, as I don't have the money to spare.

>>15859657
Awesome resources, thanks heaps fren
Especially this vid from your first link, I've been meaning to read his books as I've heard great things
https://www.youtube.com/watch?v=AqCOw-pja7E

>>15861489
>Especially this vid from your first link, I've been meaning to read his books as I've heard great things
Glad to help fren
His books are great. It helped me realize that I can trade cos these people aren't super heros.

He's also created a platform to give traders money
https://fundseeder.com/traderplatform
https://youtu.be/IpQK3Oo1zSI

If you want to start trading look at options

Learn to trade options form ex floor traders
https://www.youtube.com/user/tastytrade1/videos

Why selling options has profits
https://www.tastytrade.com/tt/shows/market-measures/episodes/actual-vs-implied-moves-07-16-2019
https://www.youtube.com/watch?v=amao0pJE1XI

I would start by selling a put option on a cheap stock you would own anyway.

>>15859385
I am about to read "Basic Economics". Currently enjoying "The Bitcoin Standard".

>>15859385
Wow, it’s as if you want to stay retarded reading that.

>>15860881
Yoo thank you. I don't have a goal, I just want to learn and maybe make some money with the stuff learned.
I am a farmer and I studied in the medic field so I don't know a lick about economics but I find it really fascinating. I need to crack the "money making" code.
>>15860963
Thanks anon.

>>15861587
>I don't know a lick about economics but I find it really fascinating.
To get a good understanding of the different schools I'd watch
This PBS doc The Commanding Heights
https://www.youtube.com/watch?v=JSesR-_qOrE

I need to crack the "money making" code.
If it's to trade/invest your money the best I've found is
https://www.armstrongeconomics.com/blog/
Since your a farmer you might understand his work. It's all based on cycles.
https://www.armstrongeconomics.com/markets-by-sector/agriculture/farmers-going-bankrupt-prelude-to-a-boom/

Here are my recent purchases.
So far finished Economics in one lesson, The Bitcoin Standard and Fooled by randomness. Next up, When money dies.

I also have to recommend The Sovereign Individual, which I don't own physically. Reading that book and The Bitcoin Standard right after that blew my mind and really altered how I view world and politics.

>>15861777
Be careful Anon: reading a lot of books on the same theme will reinforce your illusions. I suggest you read some opposing views; even if you disagree with their conclusions, it will help you identify the potential flaws in your current beliefs.

>>15859385
4channel.org/biz/
I'm stupid and don't understand much. Anon told me to buy chainlink and now I'm more financially successful than ever before.

>>15859385
You haven’t read this don’t even talk to me about investments.
Ignorant fag

>>15861777
Your post intrigued me anon .
Diverse topics
Actual books

Have you actually made any money ?

Or are you a “student” (not necessarily a institutional one, I’m sure you understand my meaning)

>>15862301
Pretty diverse ensemble of literature there ;
Warfare
bitcoin
500 years of Western culture
Economics
Investing
Anthropology

So stfu brainlet

so, is Basic Economics from Thomas Sowell a good book for a beginner?

>>15859877
>mises.org
based

>>15859385
I've seen this posted around a lot.
I've read quite a few of them. Definitely solid.

Though what has benefited me the most is not from a book but incessant googling and many resources.
Teaching myself how to manage risk.

>>15862493
Yes, perfect for beginners.

>>15862398
You'd have to define "any money", but I started my 20s without a degree completely poor. Now at 29, I have top 5% income in my country and a decent hoard of bitcoin (I save everything into bitcoin, my fiat bank account is just for regular expenses and receiving salary). I am too lazy to be called a student, but I am quite intellectually curious.

>>15862301
I am bombarded by opposing views of normies and MSM on a daily basis and I just cannot force myself to read stuff that does not interest me for the sake of being "balanced".