/biz/ - Business & Finance

I'd like to nominate "Like a Virgin by Richard Branson.

i'm monitoring this thread

>>25069
all those books are out of date, you shoudnt be reading them unless you didnt go to college/unidersity

also watch
Michael Porter competitive strategy harvard series on thepiratebay

taleb books/articles on risk analysis/engineering

>>25069

http://thepiratebay.se/torrent/8214630/The_Intelligent_Investor_-_Benjamin_Graham.pdf

Torrent for The Intelligent Investor

I've been reading The Intelligent Investor and it's been super helpful. I wouldn't recommend for people completely new to investing. It's more for those who have have some experience (set up a broker, made some trades).

My portfolio is pretty much styled as a mix of what Graham recommends and the Yale U one.

Has anyone here read Think and grow rich?

Also, any more books for complete begginer for personal finances?

>>25153
read level 1

it contains all the math you need for personal finances, just skip all the ethics sections

http://thepiratebay.se/torrent/7929396/CFA_Level_I__II__III_Schweser_Study_Notes_2013

>>25153
I have it, but I haven't read it. Those type of books can have negative affects on certain people, so remember to keep a realistic perspective as you read it.

The Goal by Goldratt
Everything by Peter Drucker
Liars Poker by Michael Lewis
Think and grow rich by Napoleon Hill

why are you idiots all recommending think and grow rich

its a book written for get rich fast idiots with no education

stop it

>>25195
One person recommended it.

I found this book at a thrift store and only half completed it. It gives fascinating insight into the minds of millionaires of America.

>>25076
Will download, thanks.

>>25188
>the goal

>>25188
>Peter Drucker
mahnigga.jpeg

>>25069
http://www.bogleheads.org/readbooks.htm

a reading list put together by a board better than this one

>>25069

I have this from another thread:


"Here are some things I'd recommend:

> MICROECONOMICS:

> Total beginner tier:
Microeconomics Analysis by H. Varian
http://www.amazon.com/Microeconomic-Analysis-Third-Edition-Varian/dp/0393957357

> I already know some stuff tier:
Intermediate Microeconomics: A Modern Approach by H. Varian
http://www.amazon.com/Intermediate-Microeconomics-Modern-Approach-Edition/dp/0393934241

> MACROECONOMICS:

> Total beginner tier:
Economics by D. Begg, S. Fischer, R. Dornbusch
http://www.amazon.co.uk/Economics-7th-David-K-H-Begg/dp/0077099478

> I already know some stuff tier:
Advanced Macroeconomics by D. Romer
http://www.amazon.com/Advanced-Macroeconomics-Mcgraw-Hill-Series-Economics/dp/0073511374

International Economics by P. Krugman and M. Obstfeld
http://www.amazon.com/International-Economics-9th-Paul-Krugman/dp/0132146657

Krugman also has a nice blog:
> http://krugman.blogs.nytimes.com
it's updated daily and basically describes everything that's happening right now in the field of Macroeconomics/Political Economics/International Finance.

Krugman is a Nobel Prize laureate, his theories are taught at Universities worldwide and at the same time he's a chill as fuck and extremely easy-going guy, so the blog is worth checking out.

> ECONOMETRICS (if you're more into data analysis):

> Total beginner tier:
New Directions in Econometric Practice by W. Charemza and D. Deadman
http://www.amazon.com/Directions-Econometric-Practice-Cointegration-Autoregression/dp/1858986036

> I already know some stuff tier:
Econometric Analysis by W. Greene
http://www.amazon.com/Econometric-Analysis-Edition-William-Greene/dp/0131395386 "

>not recommending pic related

>>26066
Also Black Swan. Good point though

Updated

>>25069
Bumping

>>26091

>>25069

If this thread is still up later, I can get books from bibliotik and upload them as public torrents.

I have to go now - reply if you'd be interested, I guess.

>>26233
would be better to make a dropbox. i have a few of them from bib anyways.

>>26233
I'd be interested.

https://www.dropbox.com/sh/to1pfhg1gg6qpl2/xYtewk_k23

Here is the folder for share if you guys want.

>>26236
>>26236
The only problem with Dropbox is that if the maintainer goes away, you're screwed.

What about a big "pack" of torrents - that way it could be updated by anyone.

>>26254
Bibliotik torrents dont work publicly, i dont really do torrenting outside bibliotik

>>25098
What the fuck did you just fucking say about me, you little bitch? I’ll have you know I graduated top of my class in the Columbia University, and I’ve been involved in numerous secret trades on Wall Street, and I have over 300 confirmed 10 baggers. I am trained in volatile stock trades and I’m the top trader in the entire US stock market. You are nothing to me but just another consumer. I will wipe you the fuck out with trade precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of brokers across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You’re fucking dead, kid. I can trade anywhere, anytime, and I can wipe your profits in over seven hundred ways, and that’s just with my options. Not only am I extensively trained in value investig, but I have access to the entire arsenal of the United States fiat supply and I will use it to its full extent to wipe your miserable ass off the face of the NASDAQ, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You’re fucking dead, kiddo.

>>26257
No, I mean get all of the bibliotik torrents, put them into another folder, and upload the folder as its own torrent.

I'm a /t/orrenter - /t/ generally uses pack torrents like that.

>>26265
i see, let me get to work and then you take the stuff from my dropbox, one moment.

>>26257
Is Bibliotik still impossible to get into unless you have a hipster cocksucking ratio on Waffles?

>>26287
I think so. I got in when you only needed to make PU on What.CD.

They have rules about having access to an Overdrive library now - it's crazy.

>>26287
Even then its impossible, only people with 100+ uploads and 10 gigs of seeding (on 1 mb files) get invite rights. Im using piratebay though, i dont want to get in trouble on bibliotik

>>26287
>>26257
Has it gotten any better than libgen? Last time I used my account libgen was way better.

>>26325
depends what you read. Libgen has almost everything non fiction but as far as fiction goes its hit or miss


>>26265

ok the dropbox stuff is updated with most of the stuff on this thread that i could find (devil takes the hindmost is nowhere, i had to buy it off amazon)

>>26340
There's a trick you can use to get stuff off of Amazon free - you only can do it 30 times, though.

>>26350
i meant i got it paperback, there is no kindle version.

I know the trick

>>26340
Anyways, I'll get working on the torrent.

>>26355
Oh, gotcha.

30 free Kindle stuffs? I would be ... interested in the concept.

>>26340
I see. I've always found IRC fine when I've needed non fic.

sooo... where's the link?

>>26416
Sorry, I'm doing something else in the background. I'm almost done, I promise.

>>26444
Oh ok, take your time.

Alright, here it is.

magnet:?xt=urn:btih:IDB2HOG7K3KC4CXBXAUGZNHUQMTHBWMG&dn=biz&tr=udp%3a%2f%2ftracker.istole.it%3a6969&tr=udp%3a%2f%2ftracker.openbittorrent.com%3a80%2fannounce&tr=udp%3a%2f%2ftracker.ccc.de%3a80&tr=udp%3a%2f%2ftracker.openbittorrent.com%3a80&tr=udp%3a%2f%2fopen.demonii.com%3a1337&tr=udp%3a%2f%2ftracker.publicbt.com%3a80

I have a confession to make - I have really shitty internet. If someone else could stick with me and downloads it as I upload it slowly, that would probably be good.

>>26496
I'll grab it all up when I get home and seed it.

>>26496
it's at 15-20 kb/s for me

>>26538
As I said, shittiest internet in the world.

Im downloading on my seedbox, should take care of it in perpetuity.

This is a great resource

I would like to recommend The Richest Man in Babylon

>>25069
Reminiscences of a Stock Operator
Common Sense on Mutual Funds
A Random Walk Down Wall Street
Trading in the Zone (Mark Douglas)

>>25153

http://www.mrmoneymustache.com/
http://earlyretirementextreme.com/

I sent moot an e-mail asking for the magnet link to be added to the sticky.

Also, want me to make a thread on /t/ about this? They're usually really great about seeding stuff.

>>27407
I would suggest it. I'll let my seedbox running as well.

Alright, /t/ thread at

>>>/t/588051
>>>/t/588051
>>>/t/588051

>>25069
Bumping great thread

The way to wealth by Benjamin Franklin

"How an Economy Grows, and Why it Doesn't" is a great one. Here it is for free:
http://freedom-school.com/money/how-an-economy-grows.pdf

So simple, even a Keynesian can understand it.

>>26023
>Krugman

Opinion discarded.

>>26496
I'll seed

>>25098
>unidersity

>>27907
>freedom-school.com

>>28116
[eagle screams echo in a distance]

>>25860
could you share which board it is?

>>28135
The Bogleheads.org board, not a 4chan board.

>>25169
Thank you sir not the anon who originally requested this material, but its appreciated all the same.

I would recommend Idiot by Dostoyevsky.

>>25069
All business literature is full of bullshit. Nobody will give you any serious tips in these books. There are no stable rules in business. All you need is experience. Don't waste your time on reading books written by fortunetellers.

A vote for The Millionaire Next Door please.

Also, any book recommendations for this ausfag which has somewhat different system to murica?

>>28858
>Not knowing that humanity's greatest accomplishment is utilising the experience of others through books

How to Make Friends and Influence People- Dale Carnegie

I've read
One Up on Wall Street - Peter Lynch

Liked it :D

>>27914
Krugman is one of the best International economists out there.

Okay, so on the basis of this thread I gather that /biz/ is a bunch of morons obsessed with the idea of 'get rich quick'.

>>25069
>Which tomes would one recommend to a fellow were he in search of aquiring knowledge

Are you LARPing or some shit, you little wizard-talking, elvish faggot?

>>32418
This is how I apply my linguistic methods in order to become a billionaire man who remains naked at all times.

>>31882
NO, you fool! Benjamin Graham is a value investor. Do not attack the community, rather attack the credentials of the sources provided.

>>32418
>>28858

Most of the books in the torrent are index investing guides, financial history, and books on risk. They focus mostly on asset allocation, and efficient market theory.

You guys are ignorant

http://www.thefreelibrary.com/

Unlimited free books; I just never explored them because I am lazy.

Dow Theory
Elliott Wave Principle
Cyclic Analysis J. M. Hurst

I don't fucking know

>>25860
Ughhhh... fuck Boggleheads.

"You can't beat the market! Just invest in Vanguard index and forget about it!"

Bogglehead shit is for plebs. I don't want to be a fucking pleb.

>>33453

The true plebs are the chumps who agonize over individual stocks, deluded that they somehow know the key to beating the market.

You may think you're a special snowflake, but you're not.

Passive investment all the way.

bump for reading

>>34626
Give a better source than the one in that image.
Those statistics are obscene. I'm legitimately disgusted by the remote chance that they're accurate.

>>33390
nice donut

Karl Marx - The Capital

:)

>>34709

http://www.readfaster.com/education_stats.asp

Been reading lately, anon?

A Random Walk Down Wall Street by Burton G. Malkiel

>>25069

>>25098
What top-tier books did you read in 'unidersity', MBA fags?

>>25069
I've read those books.

The Intelligent Investor could be summed up in few pages. Most of the stuff is completely useless for a passive investor. He even mentions it himself and most of the book is him just repeating himself. Actually the modern version would read "Just jam all the extra in an index fund/ETF each month. The end".

Security Analysis is pretty technical and I'd have to imagine to actually manufacture an edge in value investing today you'd have to delve even way deeper into it. Was an interesting read though.

Rich Dad, Poor Dad is straight up trash. Quit it halfway through.

>>34910
I spent over $300 on books for leisure last year.
I'm currently reading an Electrical Engineering book, Stranger in a Strange Land, and The Man Who Saved the Union about Ulysses Grant. I can't fathom going a month without reading, let alone never touching a real book again. What is wrong with these people? How the hell does the entirety of the body of human literature not contain SOMETHING for everyone?

Read some Robert Frost.
Read some Milton Friedman.
Read Mein Kampf.
Read the Bible.
Read an art tutorial book.
Read an auto repair guide.
Read Dune.
Read Harry Potter.
Read SOMETHING!

How can you fail to find something that fascinates you in the mountains and mountains of publications available FOR FREE with a library card? Learn to play the guitar. Learn to work wood. Learn to camp. Learn economics. Learn to write. Learn to make a movie. Learn physics. Learn law. Learn literally any single goddamn thing you can imagine. There are books on how to prepare human flesh for consumption! Even if these statistics ignored e-books no way do these numbers approach an acceptable level.

Maybe the Illuminati is right. Maybe humans are animals to be controlled...

>>34918
Seconding this book. He beats on technical analysis a little too hard, remember that this book is targeted towards laypeople with an interest in making money from investing.

Other good books include
>Investment Valuation by Damodaran
>Manics, Panics, and Crashes by Kindleberger

>>26264
8/10 could use some work.

It'll get better in time

>>25098
>Says other posters' material is out of date
>Recommends a lecture series from 1988

>>35130
>Thomas Sowell
Man's amazing.
He debunked the wage gap myth decades ago:
http://youtu.be/G_sGn6PdmIo

>>25130
What would you rec for absolute beginners?

>>35092

I feel bad for those who literally can not chase down the letters and numbers on the page.

An interesting stat is the NASA-Dyslexia outlier. Apparently dyslexia strengthens a persons problem solving skills and spatial awareness.

Abo's in space?

>>26496
Are all those the newest editions?

>>26225
I'm happy to see my against the gods recommendation made it in there.

I think its crucial to get a financial analysis book in there too.
financial statement analysis a practitioner's guide is what im working on.

Also i advise everyone to read something by aswath damodaran. Whether it be his short/long version.

ALSO i advise Options as a strategic investment for options kinda shit, but parts of that book is a bit fucking heavy.

>>25188
>Peter Drucker
His bibliography is massive. what are his best books?

>>35079
>Rich Dad, Poor Dad is straight up trash. Quit it halfway through.

Let me expand on that, as I read it a while back. It can be summarized as:
1. If you are going to be working for somebody else, try to get a job somewhere where you can get valuable experience about running a business, rather than one in which you are paid a lot.
2. As soon as you can, use that knowledge and experience to start working on your own, building your own business.
3. Eventually (once it's been properly set up and managing it becomes more rutinary) hire somebody else to run that business for you, so you are free to start another business.
4. Always be very mindful of your personal expenses and do what you can to minimize them. He goes to the extent of calling things like your home and your car liabilities rather than assets, because they have constant expenses associated to their ownership. The idea being, don't get a big house with a steep mortgage if your small apartment is good enough for you to live in.

That's basically it. I might be forgetting something (it's been a while) but that's the gist of it. Might be useful to the totally clueless, but apart from that it's of very little value.

>>35176
my /biz/nitch!

>>35472
Thank you for the explanation. It confirmed my view on cars as a depreciative liability. Thinking of all the people who spent their money on cars and how stupid they are overall.

>>35472
i tried twice to get through that book. i was going to give it a third go but deleted it just now based on your summary. i've heard other people say it's too feel-goody and not enough of it applies to real-world situations

>>35656
That's what I remember about it. If anybody else has also read it and can mention important points from it I would really appreciate it, as I wouldn't want to misrepresent it.

>>35092
>>35092
10/10 could fall in love with
I admire the way you think, anon

>>33453
This isnt /v/ where if a game gets popular everyone hates on it. Even Buffet admits the individual investor is far better off with low fee index funds than a managed account or day trading

Id rather be a buy and hold pleb in 40 years than some smart ass day trader who gets soaked in the next downturn because he is 85% exposed to hot new tech stocks

Just starting pleb tier:
Four Pillars of Investing
The Investor's Manifesto
Millionaire Next Door
Your Money or Your Life(Not for investing, but for the philosophical angle, it's investing advice is shit)

Next level:
The Intelligent Investor
Peter Lynch books

Never fucking read, EVER:
Jim Cramer's shit. It's shit. Trust me.

Also related: Spend less then you earn. Learn about FIRE communities. Take heart from this page:
http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

>>35801
A Random Walk was an eye opener for me.

>>25188
Think and Grow Rich is fucking shit-tier shit. It's complete garbage, like a religious fuck saying "I tithe 10% and somehow the rest of my money goes further", it's absolute drivel.

>>35079
Rich Dad, Poor Dad is interesting, but shitty. His advice is worthless, the only thing I agree is that my poor dad has "Woe is me" syndrome, and the world is against him. It's not that he's lazy.

I recommend "Confessions of an Economic Hitman", it's not /biz/ exactly, but it's fascinating.

>>35801
I'd also add that Dave Ramsey's advice is pretty bad. His grasp of emotional reasoning and the debt snowball is great, but the actual math behind it, and the christianity that's everpresent in his work/radio show is terrible.

>>35892
i made it through Think and Grow Rich and hated it. it seemed like the whole book was pretending it was building to something and then... nothing

>tfw this thread will disappear and the magnet link will disappear and not be put in the sticky or first response when someone asks "I have 2000 dollars how to I invest"

>>35957
The only book I hated more then that, was "Secrets of the Millionaire Mind".

Yes, it's garbage too. Millionaire Next Door and the sequel were great. Secrets is not.

Rate my library /biz/

There is a lot of total begginer tier, I tried to keep the pleb-tier stuff out of my shelf.

I'm thinking about reading this stuff and then digging into the topics I find interesting/useful. Thoughts?

>>36236
fuck, forgot the pic

bamp

>>25169
Anyone writing their CFA exam soon?
Also 2014 notes are out.

>>25195
You totally missed the point of the book.

What are magazine you guys are "subscribed" too?
Me :
The economist
Forbes
Harvard business review
Bloomberg market
Fortune
Which are all on the tpb.

>>35177
I'd recommend Boglehead's Guide to Investing to read first. It's a very generalized but it's a good introduction on the basics of investing.

After reading that, it would be time to set up a brokerage account. fool.com has a pretty comparison of the different ones. After setting up an account, deposit the minimum and make a safe trade (like AGG) to get a feel for how things work. You'll see gains, losses, get dividends. It's way different than paper trading because you're using real money.

Then finally read The Intelligent Investor. It will help you understand the history of the market, how to react emotionally, how to manage your portfolio depending on the economy, etc. For determining your portfolio allocation,Google some modern lazy portfolios, like the Yale U one and you'll see it pretty much matches up with what Graham suggests.

>>35908
Why does it matter if he's religious?

>>38000
I'm not >>35908 and I haven't seen Ramsey's work.

It doesn't matter, but it's unnecessary to include religious dogma in matters of /biz/. Of course there are ethics and morals but they're aren't really tied to anything.

This one's pretty good imo.

My favourite personal finance books:
Richest man in Babyloach - timeless advice
Millionaire next door - how not to be a fuckhead
I will teach you to be rich - personal finance 101, getting out of debt, stop wasting money on shit, starting retirement and investings
I will te

>>25153

I've read it. It's good for getting you in a positive frame of mind, which will enable you to be productive in whatever work you need to undertake to get rich.

Unfortunately, a lot of people read it, then confuse the sense of satisfaction they get from reading it with the sense of satisfaction from making money. Then they sit around, thinking about getting rich, getting a buzz from thinking about it, and never actually put in the hard work.

Read it - it's a good read - but use it as fuel for your work. Don't buy into the whole cosmic ordering bullshit!

>Rich Dad, Poor Dad
If you think this book is worth anything, you're an idiot

>>35079
>Rich Dad, Poor Dad
>one of the main points being "have more assets than liabilities"

I also couldn't get more than halfway through it
I figured The Intelligent Investor would be fluff compared to Security Analysis. I ultimately decided to get Financial Statement Analysis: A Practitioner's Guide, though this obviously isn't for passive investing

>>38000
Because he is and it's everywhere in his works. I'm not religious, and so a book that speaks about god and tithing has less value for me. The bad thing about Ramsey though isn't his religion, it's his math and values. He is heavily supportive of consumerism, even if he is supportive of it post-debt.
http://www.daveramsey.com/article/daves-advice-on-tithing-and-giving/lifeandmoney_church/?atid=davesays
http://www.consumerismcommentary.com/dave-ramseys-baby-steps/

He gives babby tier advice, and as soon as you have a grasp on finances and why debt is dangerous, and how stupid you're being with your money, you should immediately move past his advice because it is only good for the stupid. There are good reasons to be leveraged, and a home mortgage at insanely low interest rates isn't something to be killed off all willy-nilly. 15% is a good amount to invest, but why stop there if you can save more?

The only good thing about the debt snowball is it works on an emotional level, and for that I give him credit. But it doesn't work out numerically. Don't pay off 2000$ nonsense debt at 4% when you could be paying off your credit card at 15% interest. So unless you need handholding, after you realize you have a problem you should quickly move past the basics.

Financial knowledge is a lifelong learning journey, you should not ever stop learning about it because it's -that- important.

https://en.wikipedia.org/wiki/Liar_Game

https://en.wikipedia.org/wiki/Spice_and_wolf

Just leaving these here

Is A Beginner's Guide to Day Trading Online any good? I know completely nothing about it, will it give me some basic ideas?

>>31489

This. Start with this /biz/, it's the best book you can start with because it teaches you a lot of the stuff you will need for practice.

And yes, it's very basic in its lessons, but that's why it's so great: we tend to forget those basic things, especially in a business context.

>>35970

We really need an archive soon.

>>31489
>make
How to win friends and influence people.
A real interesting read, but after you can't help but notice how most people are clueless about interacting with people.
>HURR I don't care I say whats on my mind
One of my favorite quote from the book, (Richard Harding Davis is writing back to Dale)
"Your bad manners are exceeded only by your bad manners."
People never know how to respond to that, lol

>>38797
>Day Trading
lol don't

It's basically skilled gambling, like playing poker really, really well. Do the pump and dump like the rest of us.

>>38946
More importantly, it makes you realize how clueless you were about interacting with other people.

That's why I consider it one of the most important books I've ever read. Completely changed my perspective on how to approach social interaction.

>>38999
Nice trips, yeah I now cringe at how I used to handle some social situation.
Also something that isn't in the book, it's important to stand up for yourself when you're belittle.
Following the book literaly would led someone to become the ultimate "yes man".

Next book I read was on etiquette, greatly helped also.

>>38999
>>38946
>>31489

Nice to see some love for this book. I read it ages ago, it really helped my communication skills. I think I could do with a refresher though, so thanks for bringing it to the front of my mind anons.

In the interest of contributing: If anybody's interested in property investing, a good pleb-tier beginner's guide is 0 to 130 properties in 3.5 years by Steve McKnight (don't let the title put you off)

>>39065

What book did you read?

>>39085
Is the title just a bullshit hook that has nothing to do with the content of the book, or does it actually give out a plan that makes it seem kinda realistic?

>>39109

Exactly. It's one of those titles that gets the readership numbers up (even though he did have some fortunate circumstances and ended up doing exactly what the title says).

If you're a fan of videogames, look at Bioshock infinite. There was outrage at the generic dude bro on the game's cover and everyone thought it was going to be a generic shooter, but playing the game turned out to be one of 2013's best gaming experiences for many.

0 to 130 properties gives you the author's back story, including all the warts, and then covers (with numerical examples taken from his back story) all the different types of investing, including a few that I haven't even read yet because they're more intermediate/advanced than a simple buy to let type strategy.

So yeah, for the story, the introduction to different investing strategies, introduction to financing properties, the numerical examples, and the extra bits on how to build relationships with tenants etc, it's a good introduction. If you know anything at all about property, it may have less value for you but I certainly learned a lot from it.

listen to audiobooks while you drive

do it

>>39109
Lots of useful info, straighforward exemple.
If you're lazy, get an audiobook.

>>39087
http://www.amazon.com/Emily-Posts-Etiquette-18th/dp/0061740233/ref=sr_1_1?s=books&ie=UTF8&qid=1392557182&sr=1-1&keywords=etiquette+and+manners
I would had like the book to be more strict, but meh still worth a read

>>26023
Thaaaank you.

>>39161
Does it even have an audiobook version? I couldn't find it anywhere.

Do books like "The Bogleheads' Guide to Investing" contain a lot of US specific informations like something about taxes? Does investing differ significantly between countries, because of various regulations etc.? I realize it may be a retarded question to ask, but I know absolutely nothing about investing.

>>39229

Just an educated guess here, but I would say investing principles remain constant across the globe; tax laws etc can be adapted to.

>>38999
I always thought that book was completely outdated. Most of the "social hub"-type of people I know with a gazillion friends behave nothing like the book instructs. Social interaction is a pretty complex topic.

Although if you're a 18-year old in that "I DO WHAT I WANT FUCK EVERYBODY"-phase maybe it will give you some perspective and nudge you into the right direction.

>>26023

/biz/ wiki when?

>>39304

Ok, so if we're talking about building a large network then maybe combining the principles in How to Win Friends, with some skills from a master of networking like Harvey Mackay?

The book may be a little dated but the dude is known for having an enormous network of contacts.

http://www.amazon.com/Your-Well-Before-Youre-Thirsty/dp/0385485468/ref=pd_bxgy_b_text_y

>>39165
Also while you workout, because you work out.
I highly recommend "The great Course"
Best professor
>>39211
No sorry, look on bookfi.org or library genesis.
Bookmark those links, you can find any books on those.
>>39277
Macroeconomic change everything, but with globalisation everybody try to get some of that emerging economy money (BRIC)
>>39304
Still worth a read. After you can go in more deveolep topic. Paul Ekman, reading emotion and learning how to sell/influence

>>39341
>http://www.amazon.com/Your-Well-Before-Youre-Thirsty/dp/0385485468/ref=pd_bxgy_b_text_y
Thanks, I definitely need some networking help.

Here's what you need to read:

100000 * (112/100)^10 = 310584

Which means, that if you have $100K that you can gamble away in a very high risk investment for 10 consecutively successful years you would end up with a whooping $310K.

The lesson being, don't waste your time playing the investing game unless you have significant start up capital ($2M+). You would be better of putting that effort into a business venture or a corporate career.

You won't get rich by investing if you are not already rich.

>>39368
Also, you'll never get rich with a salary.
Entrepreneurship is where the money at.

>>39368
You, are a fucking moron. Investing isn't gambling. Historical market returns for the S&P500 are 7-9%. You can achieve those results with -any- amount of money.

Seriously, nobody fucking listen to this guy. Investing in stocks, especially diversified companies/indexes, is not anything like the shit he's pedaling.

>>39341
>>39350
samefag posting his amazon referral link. fuck off m8

>>39437
Agreed. What on earth is >>39368 talking about?
That's the kind of talk I imagine goes on between uneducated, working class, victim complex, "woe is me" types down at the local pub on a thursday night.
"You have to have money to make money" is something only a permanently-poor person would say.

Although entrepreneurship/controlling your own company does make it easier for you to keep the money you make. I can agree on that.

>>39437
To add to this. What happens if you sock away 100$ a month? What's your time till 1 million dollars?
With 0% return(under the matress), it'd take you 833 years.

With a 7% return? 60 years.

Let's up that to 500$ a month. 37 years.

The market doesn't return 7% annually, it varies. Sometimes it's up 30%. Sometimes it's down 30%. Historical returns average >9%.
http://en.wikipedia.org/wiki/S%26P_500

>>39368
What you said is correct. If you have capital plus a plan and the effort to put it into work your expected return will be way > any form of passive investing. This will always be true, I think.

Keep in mind though most businesses fail, most people do not have good plans/execution for business ventures.

Really the proper way to look at passive investing is that it's just a way to protect yourself from the inflation that is eating up your cash savings little by little every day. That's it.

>>39506

Pulled the link straight off amazon m8. Something tells me you haven't made money with amazon referral links before, because that looks nothing like one.

>>39519
The economic world is in an ever-changing state. Looking at that graph most of the increase came from tangible new ideas (Internet for example) that grew the entire economy/made life better for everyone. Also it's down in the last 10-12 years. The historical data might not mean anything because the world changes in very complex ways. Or we might have a huge innovation around the corner and be up for massive upswing in the next few decades. But to look at something like that and deduct with any kind of certainty that your returns with SP500 will be >9% even in a large timeframe like the next 50 years is wrong/stupid.

>>35092
Thanks man, your post gave me the inspiration to read more

How are Richard Bransons books? That guy seems to be good at what he's doing.

If you're into hardware startups, check out Makers by Chris Anderson

Anyone have Options, Futures and Other Derivatives 9th ed?
http://www.amazon.com/Options-Futures-Other-Derivatives-9th/dp/0133456315/ref=sr_1_1?s=books&ie=UTF8&qid=1392570992&sr=1-1&keywords=options+futures+and+other+derivatives+9th+edition
Thanks.

>>40725

>http://lib.freescienceengineering.org/view.php?id=931819


It might be 8 though.

>>40921

Scratch that, it is, sorry man.

>>34626
What the fuck am I reading?

> 46% can't understand labels on prescriptions.
> 50% unable to read an 8th grade level book.
> 80% haven't bought a book in a year (somewhat acceptable, if only because piracy ho).
> Total percent of NASA employees that are dyslexic: 50% (!?)

>>41772
>reading The Scarlet Letter and War and Peace in 6th grade
>got detention for a day for outscoring my English teacher on a quiz over War and Peace
>tfw half the class was struggling to read large-print children's books at that time

The World is flat

>>42690
Teachers don't give detention for beating them on quizzes. I can smell a lie like a fart in a car. Put the fedora down, son. You ain't that smart.

>>42720
She was a cunt that hated that I slept through class and skipped school and still set the curve on every test. She called me a bad example repeatedly in front of the class. We had a computer system that quizzed you on books. You read books, took the tests, and if you passed you got special points for being a good reader or some such shit. She got 17/20 questions right and I got 20/20 and made fun of her for it so she sent me to in-school detention for the day. Worth it.

>>43419
>She was a cunt that hated that I slept through class and skipped school and still set the curve on every test. She called me a bad example repeatedly in front of the class. We had a computer system that quizzed you on books. You read books, took the tests, and if you passed you got special points for being a good reader or some such shit. She got 17/20 questions right and I got 20/20 and made fun of her for it so she sent me to in-school detention for the day. Worth it.
how is your classmates mocking her your fault again?

>>43439
I mocked her. Not the rest of the class. The rest of the class just laughed when I took my jabs.
Then again, it likely wouldn't have mattered. Every time someone mentioned it after the day it happened she glared at me, not them. She'd have found a way to blame it all on me anyhow.

She was downright retarded. Too anal about her syllabus and schedule. Not only did she not take her class outside to read in nice weather when the other English teachers did, she'd complain to the office about them and try to get the other classes brought back inside.

>>25069
For doing business in China, pic related.

Bit dated now, but it is THE classic story of why you research your fucking market. These guys lost like $418m by getting completely fucked over by every partner they had in China. The author eventually had a heart attack from stress; when he recovered, he just started bribing all the officials like the Chinese normally do, and it worked like a charm

>>25069

The single best book for learning how to value all financial assets is Futures, Options and Other Derivatives by John Hull.

I read it during my second year in business school, and I still return to it when I need to refresh my memory on how some specific derivative is valued.

Another great source of information is anything by Aswath Damodaran from NY Stern. The guy shares a lot of databases and advice on a plethora of special issues on his website. You'd be a fool not to take advantage of it.

>>34844
Anyone who doesn't consider at least the opening chapters of this essential is either ignorant or deluded.

>>25069
>Rich dad poor dad - Robert Kiyosaki
aw fucking lawd have mercy, are you retards serious? swallong that self-help guru shit

read this and start being more critical of the shit you read:
http://www.johntreed.com/Kiyosaki.html

>>35088
>Investment Valuation by Damodaran

This. I read it, plus the online material he has on his site. Gives you the theoretical background on how to value pretty much any asset (from small private family owned businesses to large corporations), plus practical advice on how to apply it.

On his webpage he does actual valuations of firms, and explains in his podcasts where he got the information for each variable, and how he used them.

I haven't read a random walk down wallstreet, but I know the implications that book had. For the layman, it gives invaluable advice. For your average mutual fund manager, it's a disaster.

>>37455
I get Financial Times through my school. I downloaded their android app and it preloads the news so I can read it on the Montreal Subway (which has no connection so I can't do other stuff).

It's decent, but I wouldn't pay for it myself. I like that they report on stuff most people wouldn't give as hit about, like updates on OTC market regulations and so on.

>>40725
My man. It's one of the most educating finance books I ever read.

>>44356
lol those two anon are me.
Hey, I live in Montreal too, I study MFA at uqam.
Studying for my FRM, CFA and CSC.
Where and what are you studying?

Another based book
http://www.amazon.com/Investments-Zvi-Bodie/dp/0077861671/ref=pd_sim_sbs_b_2

>>44668
Exchange student at HEC, I study Finance.

I read the Investments book side by side with the Hull book and in my opinion the latter is much better. In the Hull book all chapters work well independently, plus they use continuous compounding throughout the book which is much better.

>>44822
Right on

just read the oz principle recently. good stuff

>main idea: it is your responsibility to fix the problem, no one else's. generalizing: liberals blame everyone else for the problem rather than solving, conservatives too harshly blame people for problems that may be out of their control rather than just solving it; take responsibility for whatever problem you have and find ways to solve it. Accountability for getting results - see it, own it, solve it, do it.

Sounds simple as does all wisdom but people just don't do it for whatever reason

>>45986
Stolen from Think and Grow Rich by Napoleon Hill.
Also from T and GR, have a vision, see yourself where you want to be.
Than make a plan to achieve it.
Don't just wander in the day to day life.
Every day should bring you closer to your goal.

>>45986
it's good life advice generally. doesn't matter who caused the problem, you need to be the one to solve it.

Good thread OP
+1 vote for sticky.

>>25069
>rich dad, poor dad

being this asian, complete with shiny pants and bad asian farts.

>CTRL-F Economics in One Lesson
>No results

Get it together /biz/, absolutely necessary reading to know when a government's economic policy is in fact swindling you and not helping you or anyone.

>>35176
>http://youtu.be/G_sGn6PdmIo

I get the chills every time I watch this. So much awesome

I have a list of books I'm planning on getting soon, some based on this thread and from independent research. Would like to know if any are shit.
from 0 to 130 properties in 3.5 years - steve mcknight
a random walk down wall street - burton g malkiel
richest man in babylon - george s clason
non-random walk down wall street - andrew w. lo, craigg mackinlay
common stocks and uncommon profits and other writings (wiley investment classics) - philip a fisher
thinking, fast and slow - daniel kahneman
big short: inside the doomsday machine - michael lewis
four pillars of investing: lessons for uilding a winning protfolio - william bernstein
the winner's curse: paradoxes and anomalies of economic life
conservative investors sleep well - philip a fisher
anarchist banker: and other portuguese stories - eugenio lisboa

>>39304

the fundamentals of the book are still true today. ie - get people talking about what they are interested in and they are more likely to like you, etc.

>>25069
bumpin to read thread

OOoh, also Freakonomics. It's good reading(extremely enjoyable), but it's also a primer on incentive systems and the human condition.

>>38717

the fuck is wrong with you?

>>45986
Sounds like Libertard bullshit.
Everyone deserves whatever problems they have and nobody else's problems are my problems because they should just be as good as I am and solve them on their own.

>>47721
You missed the point, read the book.
Take consequence of your action, grow by your experience.

>>47828
How is that relevant to liberals or conservatives, though? You placed the statements in context of politics and there's exactly one mainstream party that emphasizes personal accountability to such a degree. And it doesn't work. It's a teenager's mindset.

bump for tomez of knowledgez

>>47931
I don't know, there isn't even conservative party in my country. Read the book.

>>48344
wat
There certainly is. Maybe not relative to international politics, but internally there's either a left and a right or you're run by a tyranny.

And I'll pass on the book. Just because you keep saying, "read the book". If it's so good and so memorable why don't you pitch it to me?

Do you have an updated chart or image, and is the torrent up to date as well?

>>25069
>>Rich Dad, Poor Dad - Robert Kiyosaki, Sharon Lechter

Fucking trash

Any good books on commodity trading?

bump for quality assurance

>>39521
On the subject of starting your own business even though most businesses fail. There's this book called Good to Great by Jim Collins that tries to study in depth what the business that manage to turn into market-leading corporations have in common, that separates them from any other business.

Is there a book like that, but which just compares businesses that make it through their first 10 years with businesses that close down within a few months or years? If I ever am to get into entrepreneurship, I'd absolutely want to know about that, so I can have some assurance I won't repeat the mistakes that have led others to failure.

>>47404
Agreed. Also Economix is really nice, it's like Economics 101 but on comics, really simple and introductory, useful reading that flows really well.

Can I get your input on pic related?
I keep seeing good reviews but it's a bitch to find at a decent price.

>>Rich Dad, Poor Dad - Robert Kiyosaki, Sharon Lechter
No.

>>52970
OK OK I get it hahaha. I half read it when I was 17 so maybe back then it was useful for me

Think and grow rich (1934) - Napoleon Hill

>>50953
Well, if you're talking about the mega successes that way exceed even the wildest expectations then I'd take any explanation that doesn't start and end with "Luck" with a grain of salt. Nobody knows.

if you get the intelligent investor, get the newer version with commentary

most of it is obsolete by now, you can pretty much replicate the "strategy" at no effort by buying low-cost index funds

>>53260
No, I'm just talking about businesses that manage to stay alive at all and eventually turn a profit. It's common knowledge by now how high the failure rate is for new start-ups, so I'm curious about what can be done to avoid adding to that statistic.

>>50953
There is obviously no magic formula. This model of "I will study history and by avoiding other's past mistakes guarantee success" is flawed because it's ) a competition - your competitors (especially the tougher ones in your field) are also aware of the history and hence the game is in an ever-changing state.

Just work hard, know your industry and don't be afraid to fail. Most of the people behind those businesses that made it probably had a string of failures before they made it work.

>>46655
Boring and repetitive as fuck. Also,

>implying any economist worth his salt takes the Austrian school seriously

>>46655
>austrian economics

topkek

What's the bump limit on /biz/, does anyone know?

>>53519
Probably 300. Only the more active boards get 500 posts.

Can anyone recommend good basic to intermediate math textbooks for someone interested in finance and economics? Maybe some stuff on statistics. Assume little to no background. Thanks.

This is mandatory reading for any top MBA program. Its a well-written book that's useful for more than just business, but life in general.

Also, "The Goal" is great for anyone interested in Operations.

>>26023

What do you think of Mankiw for Introductory Macro? That's the book I currently have.

>>26264
Bravo. 9.8/10

>>26264
> investig

>>44165
Oh hey, I downloaded that a few weeks ago. Finanicial Institutions and Risk Management is a good read as well.

Can anybody recommend introductory finance textbooks? Something with problem sets and a solution manual and not a non-fiction book. Most of the stuff here seem to be targeted towards a focused investor but I'm interested in something that teaches basic business finance, maybe managerial finance.

>>53928
Not that guy, but Mankiw wrote about the laffer curve in his first edition, claiming the peak is actually very large (like 80% taxation) and dismissed supply-side economics as a farce.

Then, he became Bush Sr.'s economic advisor, and since Bush relied politically on supply-side economics, Mankiw suddenly supported it.

Don't read him. He's intellectually dishonest.

>>35176
>http://youtu.be/G_sGn6PdmIo
God damn, my ass just got #rekt by the amount of rektij this guy is inducing
Dis be a good nigga B^)

>>46655
I second this, though I'll admit his last chapter on savings strawman's a bit about how Keynesians see the nature of saving.

I have a softspot for it because it's my first econ book.

Can anyone give me a link to Mathematics for Economists by Pemberton and Rau? Thank you.

Kiyosaki is a hack, you don't need to read him. He just pushes real estate investments and ignores everything else.

>>55895
Actually, he has a series of books addressing other stuff, like the sales profession and investing in gold.

The latter is basically just "the Fed is out to get you, but they can't do anything to you if you buy gold".

I think what pisses me off most about Kiyosaki is his phrase "cashflow quadrant". It sounds really fancy, and since cashflow is a term from finance, you'd expect to be some helpful mathematical tool. But the whole concept is just his way to explain "investors and business owners are richer than employees and self-employed people". That's it. That's what he had to write a whole book about, even though he had already explained everything that needed to be explained about it in a short anecdote in Rich Dad, Poor Dad.

>>56111
I'm biased against him because I spent $20 on one of his books once, read it, realized that all his ideas were better explained in other books, and had to go return it for being so shit. I also couldn't get off his mailing list for some reason and had to change my email address.

>>56423
I'd be pretty mad too if I actually spent money on any of his books. I just downloaded a few of them as audiobooks and listened to them while I was taking walks every day because I was a NEET and had nothing to do. At the time, they were a little helpful as motivational books, since I kinda felt completely worthless back then and this guy was selling me the idea of success, but looking back on the actual content, it was all pep talk with no substance.

>>55895
>>56111
>>56423
>>56521
I feel like you're being too harsh. Rich Dad, Poor Dad is great for newbies, so long as they don't make any significant moves based off of them. It's simple and down to earth, with a genial manner. Good introduction for young people and novices, imo.

>>56695

it's way worse than googling "passive investing"

I wish I could join the "hate Rich Dad, Poor Dad" bandwagon.

>>57136
But way more entertaining. Not everyone can sit down and read dry web pages about a topic. Most people can stomach curling up with a book full of cute anecdotes.

>>57282

>>57282

Good books on commodities trading for beginners please. Every book I download I'm worried I'm wasting my time reading some scam.

>>58056
Love and Hate by Enomoto Heights

>>26023
Microeconomics Analysis is not for total beginners as its very mathematical. If you want an introductory text then try Microeconomics by Pindyck and Rubinfeld.

For introductory macroeconomics, I recommend Mankiw. Romer is good for more advanced macroeconomics. For international economics, I recommend World Trade and Payments by Caves, Frankel,
and Jones; and Foundations of International
Economics by Obstfeld and Rogoff.

>>46655
this

I recommend The Fastlane Millionaire good book

>>49028
Books like Futures, Options and Other Derivatives by John Hull and Investments by Zvi Bodie et al deals with the fundamentals. IIRC they deal with valuation of commodities futures/options and basic trading strategies.

>>54213
I got that one, haven't had time to read it yet.

>>25069
>>Rich Dad, Poor Dad - Robert Kiyosaki, Sharon Lechter

>>25169
Is there any big difference between the 2013 and 2014 versions?

Rich dad is fucking worthless

yeah it's a good motivational but it teaches absolutely fucking nothing

can't believe I read that garbage

>>60362
Great advice right here to begin and get end up being more knowledgeable than 98% of people.
Big textbook and lot of information, but get all your fundemental right (finance only, then read on economy, accounting...)

>>26023
>Economics by D. Begg, S. Fischer, R. Dornbusch
any pdf download link for this one?

Anyone have good book on selling?

Thank you all for helping to create a wonderful thread. I have made an image that has included over 90% of the books mentioned in this thread for later reference.

>>63435
Thank you very much, I have +100 gb of high quality business/finance/economy book.
I'm picking the best, sorting them out and soon upload them.

>>63435
>I Will Teach You to be Rich
>Think and Grow Rich
IMO complete trash. Pretty much everything that I've ever read about rich people that's not MIllionaire Next Door is.
McKnight might also be garbage.

I'd forgotten the first book I bought about investing. Stock for the Long Run. It was my first introduction to the idea that stocks aren't Wall St gibberish for stealing people's money. William Bernstein's stuff is fantastic, but that was my starting point.
http://www.amazon.com/Stocks-Long-Run-Definitive-Investment/dp/0071494707

>>63491
I'm sure in the future an anon will change the image or perhaps even myself. I'd like to get some sort of order to the image, perhaps a strawpoll. This would be more effective in a new thread.

>>63435
Marx? You need to narrow it down to books that have practical value. Money talks. This isn't a politics/philosophy board.

We need some kind of play-off or ranking to determine the books of higher value.

>>63531
This is partly an /econ/ board too, and thus we do/will have dialogs on the nature of money, work, employment, AI/Robot encroachment, etc.

So even though pure communism is as much of a failed system as pure capitalism(ok, worse), it's worth discussing some of it.

>>63530
Yes, and thank you for working towards a start.

>>35092
>Putting down others because they don't prefer his favorite medium of information propagation

>>39146

There was no outrage at the generic dude bro. It was also a mediocre (and I'm being generous here) experience for seasoned video game players.

>>63792
You think that the people who don't read listen to audiobooks or sign up for online courses?

>>63435
nice work. saved, thanks

>>64537
The post read as a rant about people not liking books, not being apathetic to education in general.

bump

>>63470
Maybe consider contacting the /g/entoomen about distribution, they already have that /g/ library torrent.

>>64623
Did you even read the educational statistics? This is not simply about liking books but being able to read at an adequate level and no matter how you go about attaining that level you will need to practice reading.

I ask again: how many of functionally illiterate Americans do you think are enthusiastic about educating themselves beyond maybe learning some trade skills to make a living? Do you not agree, as the statistics seem to assert, that the lack of a proper reading culture in America is impeding its economic (and not to mention social and cultural) progress?

>>63792
Keep this shit off /biz/ you autistic fuck.

>>35176

Thanks for sharing this, Anon

>>43439

dat reading comprehension

>>63435
>Le Capital
>implying books written by /reddit/ are worth it.

>>63435
love you

>>26264
What the fuck did you just fucking say about me, working class scum? I’ll have you know I graduated top of my class in the Columbia University, and I’ve been involved in numerous secret trades on Wall Street, and I have over 300 confirmed 10 baggers. I am trained in volatile stock trades and I’m the top trader in the entire US stock market. You are nothing to me but just another consumer. I will put you into debt with trade precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of brokers across the USA and your IP is being traced right now so you better prepare for the storm, poorfag. The storm that wipes out the pathetic little thing you call your bank account. You’re fucking dead, kid. I can trade anywhere, anytime, and I can wipe your profits in over seven hundred ways, and that’s just with my options. Not only am I extensively trained in value investing, but I have access to the entire arsenal of the United States fiat supply and I will use it to its full extent to wipe your miserable ass off the face of the NASDAQ, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will short fury all over you're assets and you will drown in it. You’re fucking dead, poorfag.

>>50953
>Is there a book like that, but which just compares businesses that make it through their first 10 years with businesses that close down within a few months or years? If I ever am to get into entrepreneurship, I'd absolutely want to know about that, so I can have some assurance I won't repeat the mistakes that have led others to failure.
Not a book, but maybe this will give you some insights: https://github.com/everpix/Everpix-Intelligence

It's all the BI collected by a failed startup from founding until death.

>>69113
10/10

This should be compiled into the sticky

>>25069
Rich Dad, Poor Dad was what initially got me thinking about finances.

I'm starting "The Alchemist" by Paulo Coelho on recommendation by Will Smith.

I went to my father's library and grabbed a whole ton of books, and I don't know which ones to read.
The visual investor
Value at Risk
Managing Financial Risk
Money Market and Bond Calculations
Timing the Stock Market
What Works on Wall Street
Investment Valuation
Beyond Candlesticks
The Restaurant Manager's Handbook

Which of these are viable?

>>25069
I tried reading the Intelligent Investor after my first semester of business school and it just bored the fuck out of me.

this is when I figured out I didn't want to work in Finance.

now I work in management consulting

art of war

>sun tzu

>>35472
Thanks for the summary.

I'm currently on #1 of that. That first point is literally the reason I haven't quit to find something that pays more.

>>71207
>tfw have that shit on audiobook and listen to that while I'm driving

>>71207
That ended up being more useful to me than I thought it would. At first I was thinking about the fire strategies and thought it wasn't that practical to use, but it's all a bit psychological and can be used in all sorts of places.

>ctrl + F "48 Laws of Power"
>nothing

What in the FUCK, /biz/raelis? This book should be in everyone's top 5. Go get a .pdf of it and read one law per day and get back to me a month and a half from now and tell me you aren't a hundred times more well-informed than you were before.

>>71207

Why do people act like The Art of War is some mystical wisdom? It's just the most obvious common sense tactics.

Same with the Book of Five Rings, which basically just says to practice everything.

>>72511
because it isn't common sense to a lot of us until we read those books?

>>71721
+1

upvoted

good stories too, entertaining read, nice parables.

>>72554

Decent supply lines, use of fire and a stable chain of command isn't common sense?

>>72805
If you judge the way 90% of rts players behave it isn't

>>71169
pls respond

>>70842
>The Alchemist
It's a pretty mediocre book.

>>70842
>"The Alchemist" by Paulo Coelho on recommendation by Will Smith
Why on so many levels

>>73412
Tread will expire so, repost it somewhere.
I don't see any basic textbook, you'll get lost somewhat
get
Options, future and other derivatives and investments

>>74546
i just dled this
>Like earlier editions, the book serves several markets. It is appropriate for graduate
>courses in business, economics, financial mathematics, and financial engineering. It can
>be used on advanced undergraduate courses when students have good quantitative
>skills. Also, many practitioners who are involved in derivatives markets find the book
>useful.

>basic textbook