Finance can be a very dry, uninteresting topic. However, an understanding of the fundamentals and a familiarity with the language is a crucial life skill that everyone needs.
Burton Malkiel’s Random Walk is a magnum opus that you can trust to serve as you 101 course in a single read. To read this, I employed famed angel investor Naval Ravikant’s reading technique of rotating between multiple books so that I don’t get burnt out on a single topic. This allowed me to make sure I could dedicate complete focus to each chapter.
While I’d already learned some of these lessons from my time in the financial services industry, there was still much to learn. Getting to understand the “Why” behind financial rules of thumb will serve me well for years to come.
Who should read this; Everyone with money to invest or and interest in finance.
Major lesson learned; Most people think they are smarter than they are and should focus on simplifying their investment approach.
Interesting tidbit; Malkiel has published 12 editions of his bestseller and is the Chief Investment Officer at Wealthfront, a fast-growing automated investment service startup.
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