/biz/ - Business & Finance

[Anonymous No.12742891]

Most books on trading and investment are pure garbage. If reading a book could really make you rich, why isn't every one doing it? Checkmate poorfags.

[Anonymous No.12742945]

>>12742891
Because people are trying to get rich fast. Just buy index funds and lower expenses. Poor people are poor because they cant postpone needs

[Anonymous No.12743006]

>>12742891
I don't know in which dimension you live anon but people don't read books, they don't have the attention span for that, they watch porn, twitch, youtube or some boomer tv garbage.

[Anonymous No.12743027]

>>12742945

>Needs

Wants. They didn't want to do school and homework, so they just didn't. Then they couldn't finish college or finagle their way into gainful employment. And now they want their cable/internet/phones/shoes/restaurant food..

[Anonymous No.12743111]

>>12742891
You're right. The only relevant books on investing are Graham, Fisher, and some other textbooks.

Anything else is usually a meme. Graham and Fisher give you very general principles to succeed as an investor. Most other books have specific strategies that either don't work anymore or only work in specific market environments.

Read Adam Smith, Keynes for economics. Fisher and Graham for investing. Some textbooks on Corporate Finance, Derivatives, Macroeconomics, and Valuation for general knowledge and you should be set.

Most of the books coming out today are just about stroking your ego instead of helping you become a successful investor.

[Anonymous No.12743129]

>>12742891
you cant teach patience, motivation and discipline

[Anonymous No.12743982]

>>12742891
Because most people turn away as soon as they read things like "open an account with a broker" or "set up a software wallet". Even if they manage to get on an exchange, their brain simply shuts down upon exposure to the numbers and bright colors

[Anonymous No.12744227]

>>12742891

I used to think that way, then when I hit my thirties I realised just how many people are appallingly lazy and unmotivated to make money.

Like the amount of normies I’ve met whom I’ve told ways they could make a lot more money and their company and would just shrug their shoulders is insane. Like I incorporated myself and have my company contract my services from my corporation, saving me 20% in taxes and my corporation is happy doing this and it’s completely kosher. Yet my own colleagues when I suggest they do that will shrug their shoulders. The real red pill is 99% of people don’t actually want money, they want STUFF. Like they want to have status, so they take out a huge car loan and get a bmw, or they waste money on expensive holidays to Instagram themselves, or one friend of mine literally spends hundreds a month on collectible box sets and video games, like he buys the 300 dollar far cry 5 bundle or whatever and then shrugs and says the game was “ok”, I’m just appalled at this. I mean sure if I had a million dollars I’d buy a Rolex, but mostly I’d just fucking love the feeling of having a million dollars. Most people don’t even think about money until they need it. Honestly talk to more people and you’ll realise beyond a handful of (((sociopathic salesman))) types, your typical normie just doesn’t care.

[Anonymous No.12744250]

>>12744227
You speak as if money hoarding is a virtuous trait.

[Anonymous No.12744291]

>>12743982
I blame school desu

[Anonymous No.12744976]

>>12744250
Sounds like he wants to save his money to make money money. Good investments provide utility and some sort of gains for society, so if he makes good calls he’ll be doing what society wants him to do with his money

[Anonymous No.12745004]

Lots of perfectly valid books on health and martial arts. Why isn’t everyone a 100yo perfectly healthy super ninja?