https://www.forbes.com/sites/karlka...ney-and-investing-books-of-2018/#481de6fd2751
please add your own lists
please add your own lists
Lessons from Principle book can be applied to other areas of life besides trading/investing. Great book.Dalio's book Principle's is excellent.
Although no secret investment sauce in the book, there is wisdom in the first half of the book that can help organize our complex minds which ultimately helps orchestrate our trading plans and focus. I will be reading this book off and on throughout my life as each page has so much wisdom if applied correctly.
To extend on that thought, in practice his principles require that you follow them with a cultist mentality. If you read about Bridgewater it's scary, they actually have a whole hierarchy of enforcers who ensure that everyone there has drunk the kool-aid and remains a zealot to the Principles. Employees at one point had to have a hard copy of the book on their person at all times, which was only relaxed because they are now supposed to have an electronic copy! Interesting article about it at https://www.nytimes.com/2017/09/08/...reads-his-gospel-of-radical-transparency.htmlDalio's principles book is utter bullshit, because it isn't clear to the morons reading it that these are his own principles and would not necessarily apply to your situation. People start trying to apply them and they don't work because you need everyone around you to be bought into this mode of operation.
Dalio's debt crisis book is incredible. I really enjoyed reading it.
%%Check out the book of Proverbs in the Bible. You would be surprised.