The best Business & Money books: Reddit reviews

From 3.5 billion Reddit comments

Yes, I remember that to, I think I read that in some book. It is both funny and a little bit scary how easily they can out put us into categories.

Edit: The book i read it in is called Charles Duhigg The Power of Habit: Why We Do What We Do in Life and Business

I recommend reading "The Millionaire Next Door", it goes it to more detail about the spending/saving/investing habits of the ~~average~~ most millionaires in America. Living in a culture that prioritizes spending it's not surprising those who do the best financially go against the grain, and are also frowned upon.

Jaynes. I actually remember a sentence from the first chapter (probably not an exact quote, but I can't be bothered to go find my copy), "When asked, 'What is consciousness?' people become conscious of consciousness, and believe that consciousness of consciousness to be what consciousness is. This is not the case."

It's engaging and well-written, but his theory wasn't all that influential in the long run. The brain is so much more complicated than left brain/right brain...We as humans definitely have a friction between our logical minds and our impulsive instinctive minds, but it's deeper than they believed back then.

An interesting modern read would be Thinking Fast and Slow by Daniel Kahneman...He's a Nobel prize winning economist who has done a lot of work about human decision making in an attempt to figure out how it drives economic decision making. He's coming at it from a completely different direction, but if anything, that makes his stuff more interesting.

Cracking the Coding Interview by Gayle Laakmann McDowell

This book goes over every one of those areas and gives tons of example problems. It also talks a lot about the interview process and what companies are looking for in a good candidate.

The book being highlighted appears to be COVID-19: The Great Reset. See also: https://www.weforum.org/great-reset/. They recently had a promo video running that said something to the effect of, "In 2030 you will own nothing and you'll be happy." (paraphrasing) That video was taken down allegedly due to backlash about that statement.

I've followed Dave Ramsey's teachings for over 10 years, so I started there. Which I know he can be pretty controversial on Reddit, but I think the general idea of his teachings are very sound and a great starting off point. Also currently reading the book The Simple Path to Wealth: Your road map to financial independence and a rich, free life. It is a great book and breaks everything down into stuff a "normal" person can understand. He also touches on real estate, although I disagree slightly with him on that but that's my personal opinion as I do invest in property. Investing isn't really as difficult as people try to make it seem. I think it can be overwhelming because there are all these different types of stocks and different avenues you can take to invest, but it is all actually relatively simple once you learn the terminology. I think that's what always intimidated me was the words I didn't know and was too afraid to ask what they meant.

>>The jets and all that other crap seem like a better value renting. > >Huh? $3 million in total wealth isn't much, especially for that. Please, don't do that. I strongly recommend that you read The Millionaire Next Door: The Surprising Secrets of America's Wealthy.

Yeah, that bit made me laugh. $3m isn't even remotely close to private jet territory. Try $300m. Lol

Most people that receive a large windfall like this do not fare well OP. At all. Be extremely careful with this money and do not tell anybody. Check out the "Windfall" section in the /r/personalfinance wiki. Also check out /r/fire and /r/fatFIRE.

Introvert/ extrovert aren’t exact opposites. Most people exhibit tendencies of both. Here’s a good book about it: Quiet

The last Willey "for dummies" series I got was the how to land an IT job one and most of them were easy to read and had some decent pointers. That being said I'm always skeptical on getting stock market books. I own The intelligent investor and also have listened to Money Management Skills on the great courses audible series and I can say that phrase I keep hearing the most is that "you can't beat the market".

The average person who goes on etrade or Robin hood doesn't have the same resources as those higher up do with computers that can process hundreds of trades in the blink of an eye or potential insider sources . We also get emotional over stocks and find it hard to disassociate ourselves from our losses and boast about our gains. Getting someone else to manage your portfolio is also costly and you can most likely get better gains as long as you diversify your stocks in a mutual index fund. That's just a bit of what I learned and I suggest getting those 2 books/audiobooks that I recommend. I still believe the dummies books will be good, but from what I read, you'll have much more stress trying to maximize gains individually actively rather than take a backseat in a well diversified portfolio

1. Luck and hard work
2. My car audio setup. I swear that it saved me years off my life driving around Metro Manila's hellish traffic.
3. Would highly recommend Habit. I typically visit CNN Philippines and Rappler for local news. WSJ and FT for international newspapers. As for people to follow, I love Richard Branson and Elon Musk aside from Steve Jobs.
4. We went to the US, told people we're gonna buy iPhones, orders came in, and we bought 25 iPhones back to the Philippines that were sold even before they set foot in NAIA. An easy PHP30k profit each for something that took a few minutes each morning for 4 days.
5. I didn't earn my own money so to speak. Well, except my Eth mining sideline. Does it feel empty.. in a way it does but we do have a sense of pride in continuing our parents legacy.

Was it hate, ineptitude, or something more nefarious.

If nefarious, does it maybe have something to do with this great reset, Trudeau and Klaus Schwab was on about?

Trudeau

Schwab's book

Actually don't need to be tech-savvy, just economic-savvy(and if you're in this sub without knowing basic economics, you get McNuked :3).

Bitcoin mining can use various types of hardware to mine(including Graphic Processing Units/GPUs, such as the GTX 1080s in the OP).

Thus, demand for GPUs has increased. What happens to prices when demand increases?

That is why OP is butthurt about Bitcoin.

^(or the shortages in case there wasn't a price increase)

If you noticed, people on "the left" are upset with the system. People on "the right" are upset with the system.

Those of us who are on the outside are upset with the system.

This isn't a coincidence. Before you can install a new system, you need everyone to be upset with the existing one.

Also, you need people to feel pressure. Duress.

When enough people are upset, all at once -- and under incredible pressure (be it mental, like Covid-19 or economic, like lockdowns) -- they will introduce the answer.

The answer can be read about in Klaus Schwab's new book: "Covid-19: The Great Reset." https://www.amazon.com/COVID-19-Great-Reset-Klaus-Schwab/dp/2940631123/

Klaus Schwab is the head of the WEF. We've also seen also have public facing discussions with Jerome Powell from the Fed, with 6 other world financial leaders at the IMF conference -- talking about how developments related to the Covid-19 vaccine will pave the way for global biometric identity, which is required for Central Bank Digital Currency.

People's eyes glaze over discussions like this, because they aren't "exciting soundbites" or "titillating conspiracy theories."

But this is real... It's "hidden in plain sight," and the powers that be are doing this indirectly without full understanding by the people who are going along with it as a result of emotionalized propaganda and virus fear campaigns.

EDIT: Bold added for possibly easier skimming.

The problem is in India introverts are shamed by teachers, by parents, by society. There is Nothing wrong with being an introvert

In fact read this book - https://www.amazon.in/Quiet-Power-Introverts-World-Talking/dp/0307352153

I am also an introvert, have always been one. And I love it.

> I have a theory that your brain tries to "automate" processes and to do them subconsciously when it feels confident enough about it.

You should read the book Thinking Fast and Slow by Daniel Kahneman - excellent read that I would highly recommend. I think you'd find the book interesting, and it discusses this topic in depth.

I don’t equate extroversion with confidence.

Quiet by Susan Cain explains our culture’s overvaluing of extroversion.

I’m introverted and FIERCE.

Sounds like you're doing great. For investing, before going to a financial advisor (some have high fees and not exactly your best interests at heart), I would highly recommend reading a book or 2. It's vastly easier than one would think to understand the principles and be your own FA. The common recommended ones are:

The Simple Path to Wealth

The Bogleheads Guide to Investing

I had a highschool math teacher who always told us to be warry of statistics and even had a book he shared.

How to Lie with Statistics https://www.amazon.com/dp/0393310728/ref=cm_sw_r_cp_api_i_mfP4DbK80WD65

Take 5% of your money and try something else but I advise you to read the Intelligent Investor first. Benjamin Graham has been right for the past century and will be right for this one too. I add individual stocks during market downturns but keep 90% of my money in index funds.

https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661

Look up Behaviorial Economics.

In particular, I recommend this book: https://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555

Also, here's another:

Endowment Effect: This is the tendency for us to value things we already own more than things we don't own. This is partly why loot boxes work, especially when they show they are "rare." You may not pay directly for a rare loot box, but if you already earned one... buying a key to open it is less problematic for many.

Using covid19 to lockdown citizens was the first step. The elites have been trying for the great reset for the last 20 years.

https://www.amazon.com/dp/2940631123/ref=cm_sw_r_cp_awdb_imm_t1_fnPSFb2WES61B

When I went, there were always a few companies where the representatives had a badge that said "I hire frosh." My advice would be to check it out to get a feel for what's going on. I wouldn't expect a whole lot, but at the very least it'll be good prep for the frosh/soph fair.

A word of advice - when I went to the fall career fair during my freshman year, I actually found it quite stressful. I ran into a couple of recruiters who came off as condescending, and the overall atmosphere seemed pretty stressful (gotta hustle for that internship). It was a bit of a contrast from the dorms and even office hours, where people are generally happy to lend a helping hand.

When I took CS 103 later, Keith Schwarz actually had a fairly negative view of the effect/messaging of the fall career fair towards freshmen. He felt that the competitiveness and the inevitable rejection of certain internships would not really provide a positive view of one's learning. Learning is a long process, and getting rejected from a dream CS internship might lead some to feel that their classes were for nothing. It's ultimately up to you whether you want to view your CS education as more of a pipeline into a good job, or an opportunity to intellectually explore (you can of course balance both, and there is no right way to do it).

So if you wanna hustle for an internship, then by all means go for it. However, keep in mind that the career fair is only one way to get your foot in the door. If you wanna be a real snek, network around and find people who can give you referrals for companies you're interested in. Also code up a project or two and put it on GitHub (with a link on your resume). Most importantly, read the good book.

I've said it a million times and I'll say it again: Get your hands on a copy of Cracking the Coding Interview and read it from cover to cover. If you're going into college now most of the information in this book won't make sense if you don't know how to program, but regardless I would still pick it up. Study this book for interviews. If you start using this book to study for interviews (And you need to study for interviews, treat interview prep like any other class) I guarantee you can land an awesome internship and a great job.

I've personally spent a lot of time on Less Wrong, but... I do have to admit that it's kind of an insular place using their own made-up jargon to promote strange ideas. Overall I approve of it and don't put much stock in the usual criticisms, but I wouldn't direct people to it if I wanted to convince them of anything.

Instead, I'd direct them to the book Thinking, Fast and Slow. It's just as accessible as Less Wrong's better-written posts, it covers a lot of the same stuff, and it's written by someone with the credentials to back up their claims.

And best of all, it includes regular examples that demonstrate your own biases to you. Examples like this, where you can actually catch your own brain making a mistake, are more likely to get through to someone who doesn't believe in, say, racial or gender bias.

If you read Quiet: The Power of Introverts in a World that Can't Stop Talking it discusses just this. I actually find things have gotten worse since the book's release as social media seems to have crept even more into our everyday lives. Every time I see someone doing a dance in public for Tik Tok or setting up an elaborate (fake) photoshoot for Instagram, I wonder what planet I've been transported to. I don't feel comfortable here.

There is a great book about this. The Power of Habit. I recommend it for someone that is trying to understand why you can’t stop doing dumb shit you know is bad for you.

Both Economics in One Lesson and Basic Economics are golden, though for very different reasons.

Economics is One Lesson starts with a truth that is obvious and simple once you hear it explained. You think to yourself, "Well, yeah. Who could possibly think otherwise?" And then you hop onto Reddit and see that a substantial preponderance of Reddit are afflicted with a mindset and beliefs that fly in the face of this simple truth. It then spends time expanding on this truth and applying it to tons of different things that you wouldn't intuitively see it applying to.

Basic Economics is better though. Both are well worth reading, but Sowell's work is incredibly comprehensive. When I read it, it didn't come across as someone trying to prove any world view, as tends to be the case from so many economists. It is him simply seeking to explain economics to someone who is new to the field. To his credit, he uses terminology that is accessible to anyone and doesn't spend a single moment trying to prove to how smart he is. (Though his brilliance is immediately evident.) Its most important quality is that it doesn't ask you to partake in a string of thought experiments to reach some grand conclusions. Every assertion he makes is supported by multiple studies and historical examples. This happens time and time again. And the bolder the claim, the more evidence he provides. It's remarkable.

While it does weigh in at 700-ish pages, Basic Economics is almost certainly the perfect book for getting your feet wet when in economics.

You're short, you have acne, you dress poorly, you're no fun to be around, you have no friends/squad, you're shy/introverted/won't approach, you look like a boy and have no authority, you have no sexual experience ... why do you think you should have a girlfriend again?

I know I'm being harsh, but the earlier you learn this the better: you must offer value. Otherwise why do you think anyone would be with you?

Work on the things you can, accept the things you can't.

Short - no solution.

Acne - eat better, sleep better, see a dermatologist.

Learn to dress better.

Finally, learn to socialize. This will have all kind of cascading effects. You will be more fun to be around, you will have a squad, you will have authority based on your friends' opinions of you. It definitely won't be easy, and sure, it goes against what you think is your fundamental nature, but right now, your fundamental nature is also to be girlfriendless. How badly do you want to change the situation?

Some tips for being more sociable: Be generous with your time and thoughts. Compliment people. Listen to them. Think about what they need and offer to help them. Again, you must offer value. Sometimes you won't get anything back. That's part of the pain of the learning process. Let that unrequited kindness go.

Here's a book that may help you with your introverted nature. In part, the author recommends faking it until you make it. Make it into a game, so you can step away, and you can reward yourself for small bit of progress:

https://www.amazon.ca/Quiet-Power-Introverts-World-Talking/dp/0307352153

Humans are not intuitively good at probability and statistics, because of numerous cognitive biases. -Thinking: Fast & Slow

It’s so bizarre. We (introverts) are just over here chillin’, letting people do their thing, and frequently it seems like extroverts are like, “WHATS WRONG WITH YOU?!”

But, the world is built for extroverts, so it’s kinda understandable. Reading the book, “Quiet” really made me feel comfortable and proud about being an introvert, and I recommend it!

(ETA link: https://www.amazon.com/dp/0307352153/ref=cm_sw_r_cp_awdb_imm_ZKTPB7VPHVJX5SC9E69P)