Being in the money management profession, here is a conversation that I have on a not-infrequent basis.
Friend – “Keith, what is the best investment I can make right now?”
Me – “Books”
Friend – “What, like Amazon.com or Barnes & Noble stock or something?
Me – “No, like the books you read.”
Friend (now with confused look on face) – “Books on investing?”
Me – “If that’s what your interested in, sure.” […]
Currently Reading: Social: Why Our Brains are Wired to Connect by Matthew Lieberman Best For: Anyone who wants to better understand the social behavior of humans Favorite Quote: “We intuitively believe social and physical pain are radically different kinds of experiences, yet the way our brains treat them suggests that they are more similar than Read more about Social[…]
Currently Reading: The Robber Barons by Matthew Josephson Best For: Fans of Rockefeller, Carnegie, Gould, and the other larger-than life industrialists and financiers who helped built the modern American economy. Fans of American economic history will enjoy the details of this book. Also, it is one of the most quoted books from the more contemporary Read more about The Robber Barons[…]
Once in Golconda: A True Drama of Wall Street 1920-1938 by John Brooks Great Quote: “But it was not only money power that Morgan & Co. exercised over Wall Street in the 1920’s. In addition it was the style setter, the court of last appeal, and to a certain extent, the conscious of the place.” Read more about Once in Golgonda[…]
Currently Reading: The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance Great Quote: “In the history books, Pierpont’s epigrammatic sayings stand out. In the transcript of the Pujo hearings, however, they appear against an arid backdrop of denials and monosyllabic grunts, as if he wouldn’t concede the hearing’s legitimacy. Stamping Read more about The House of Morgan[…]