[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 1.18 MB, 1078x1660, f472772e0fab2070dfdb1608f939017278f0aaa917e656e8f5184211e94f649a.gif [View same] [iqdb] [saucenao] [google]
2510258 No.2510258 [Reply] [Original]

I miss those threads.

Nowdays there are just fucking bit coin threads nothing to learn here anymore. biz is ded

>> No.2510435

We're still here mate just seizing the moment on this crypto hype

>> No.2510749

>>2510258
Yes this >>2510435

You've got to take your opportunities as they come.

But I've read quite a few of those books if you'd like to discuss them? A great many can be summarised as "live below your means and invest the surplus into index funds for compound growth" though.

Which is your favourite of those books OP?

>> No.2510869

>>2510749
A lot of favorites, but definitely "Think and grow rich" was one of them. Really thought me a lot about how your thoughts can change your live.

What was yours ?

>> No.2510994
File: 29 KB, 319x499, 414rBTK-nML._SX317_BO1,204,203,200_.jpg [View same] [iqdb] [saucenao] [google]
2510994

>>2510869
>Think and grow rich
That's one I've not read. What's the main message? Does the message stand out compared to, say, The Millionaire Next Door or any of the 'live below your means and invest' type books?

It's definitely true that your thoughts influence your life, but there's a fine line between this and wishy-washy cosmic wishlist style self help books. I take it it's not one of those?

On that list, I like The Richest Man In Babylon. The message isn't particularly new but it's quite poetic. I remember a line about making gold coins your slave and making their children and their children's children your slaves (compound interest).

A book not on that list I would recommend is Zero to One by Peter Thiel. I don't agree with 100% of the stuff in it but it's a very original book with lots of new perspectives and ideas. It also covers a lot of ground and is easy to read.

There are a lot of paths to wealth. But I think the most sure-fire short term method is to start your own business. Index funds will get you there in the long term and you can't always rely on bubbles like crypto. But a good business is the path to escaping wage slavery at a young age. Thiel's book is good inspiration for this but is mainly geared toward big tech startups, not little dropshipping websites or whatever (which can be very profitable).

>> No.2511449

>>2510994
Zero to one is an amazing book. The concept of the power law - 5% of investments will perform extremely well and return way above the value of the fund, 15% will flatline, and 80% will lose money. Very applicable to crypto - think btc, eth, ltc, monero being the 5%, and shitcoins being the long tail.