Tag: investing

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Economic downturns testing

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Tyler Beck Goodspeed, a top economist, analyses economic contradictions over the last four centuries, explains why recessions start, how long they last, and how to avoid them in the first place. Do recessions end on their own, or do they require external intervention? Does a recession in one country mean the rest of the world will follow?  Are we in recession now? Contrary to popular perception, recessions are not the inevitable bust that follows an unsustainable boom, and they do not operate like wildfires that clear out economic deadwood. Recessions are caused by adverse shocks like war and energy price … Continue reading Economic downturns testing

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Insider’s guide to boom-and-bust

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Lloyd Blankfein, head of an institution legendary for its culture of success writes a candid memoir of global leadership in an age of extreme turbulence. Blankfein is quiet scary smart about people, markets, and life generally, as his 10, 000 Small Businesses idea proved to be a huge winner. During the 2008-2009 financial crisis, Lloyd acted decisively and he tells the story of what happened with unique insights. When Blankfein was attacked as a Wall Street fat cat, he had to smile, thinking of his precarious childhood in the notorious public housing projects of East New York, Brooklyn, and attending … Continue reading Insider’s guide to boom-and-bust

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History repeats itself: The tale of power, psychology and seductive illusion

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In 1929, Andrew Ross Sorkin, the author of Too Big to Fall -the definitive history of the 2008, banking crisis, follows a similar people-centred recipe to retell a much older tale of financial hubris and nemesis: the great crash that began in 1929 in the US but which when stretched out in waves of repeated panic for several years and across many countries. Sorkin reveals the tale of its ugly aftermath, as panic moved from Wall Street to Main Street with the Great Depression of the 1930s and the sweeping regulatory response to these cascading crises. In 1929, the world … Continue reading History repeats itself: The tale of power, psychology and seductive illusion

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Imperfect lending decisions

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Ray Dalio, who founded Bridgewater Associates  five decades ago and one of the greatest investors of our times who anticipated the 2008 global financial crisis and the 2010-12 European debt crisis, shares for the first time his detailed explanation of what he calls the “Big Debt Cycle”.  Understanding this cycle is critical for helping policymakers, investors, and the general public grasp where we are and where we are headed with the debt issue. Dalio’s model points towards surprisingly straightforward solutions for dealing with the debt problems, that the US, Europe, Japan, and China face today. Global macro investors make bets on countries, … Continue reading Imperfect lending decisions

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Capture the elusive by consistent action

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The real, lasting keys to motivation is how to get yourself to do things you don’t feel like doing. Capturing the elusive, awesome force of momentum, to make you unstoppable. This is the acceleration secrets of super achievers. If you’re serious about living an extraordinary life, use the power of The Compound Effect to create the success you want. The New York Times and Wall Street Journal bestseller Darren Hardy’s The Compound Effect, based on the principle that little, everyday decisions will either take you to the life you desire or to disaster by default No gimmicks. Hardy’s insightful detailed … Continue reading Capture the elusive by consistent action

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Son’s unique blend of financial engineering, power of optimism, daring to dream

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Masayoshi Son, as an ethnic Korean in Japan, Son has overcome adversity, born in Korean poverty and forced to pass as Japanese, driven by the need for acceptance in a famously regimented society despite discrimination to become Japan’s best-known businessman and empire-builder, but he remains elusive, intensely private figure. He had chips on his shoulders put chips in pockets. In Gambling Man, we learn what drives Son on, and whether he really is a genius or a madman. Son merely wants to show off his Japanese garden, although there are no rosebud moment, but he enigmatic as ever. SoftBank founder … Continue reading Son’s unique blend of financial engineering, power of optimism, daring to dream

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World of uncertainty

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As luck would have it nothing in this world is certain accept death, taxes and uncertainty. From Breakfast to AI replacing human, the human condition is full of uncertainty. Britain’s most eminent statistician, David Spiegelhalter believes “ is all about us, but, like the air we breathe, it tends to remain unexamined.” His previous book in 2019, The Art of Statistics was a bestseller, during the Covid-19 pandemic, the Cambridge university emeritus professor of statistics acquired national treasure status as he helped an anxious nation to interpret the data. For over 5000 years from Greek to Mongolia humanity had fancied … Continue reading World of uncertainty

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Theory of Games: Demystifying Gamblers

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The New York Times bestselling author Nate Silver’s  new riveting book, On the Edge, reveals the mastery of risk allows them to shape and dominate modern life. A definitive guide to our era of risk – and players raising the stakes, from Poker players, investors, military generals, astronauts, who are all successful gamblers who knows the art of risking everything to get the adrenaline and dopamine flowing increasing the rates of blood circulation and breathing against the odds. Professional risk takers- poker player and hedge fund manager, crypto true-believers and blue-chip art collectors can teach us how to navigate the uncertainty … Continue reading Theory of Games: Demystifying Gamblers

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Dealing in Trillion dollars, a day, where you dream numbers

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This is the rags to riches story of a poor boy who became a trader accidentally. “If you were gonna rob a bank, and you saw the vault door there, left open, what would you do? Would you wait around? The Trading game is an outrageous white-knuckle journey to the dark heart of an intoxicating world – from someone who survived the trading game of the City or Wall Street, recounts the allure and horror of working on Citigroup’s bond trading floor in London in early 2000s, when Gary Stevenson made millions before burning out and blew it all wide … Continue reading Dealing in Trillion dollars, a day, where you dream numbers

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All that Glitters is not gold

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Bre-X Minerals, a Canadian mining company claimed that it had discovered a huge deposit of gold, deep in the Indonesian jungle, which triggered a scramble to invest in the firm.  But question remains about the mysterious death of  Michael de Guzman, the company’s chief geologist, as on the morning of 19 March 1997 he boarded a helicopter flight to travel to a remote jungle site in Indonesia. This journey he has previously made many times, to a place where he had reported finding huge deposits of gold. But this time he never arrived. Twenty minutes into the journey, a rear door on … Continue reading All that Glitters is not gold