Tag: investing
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The Psychology of Money — Outsized Power of Small Bets
Morgan Housel’s “The Psychology of Money” emphasizes the significance of small bets—minor experiments that can lead to transformative outcomes over time. These bets encourage failure as a learning tool and foster creativity without perfection pressure. Housel’s insights advocate for intentional experimentation in both finance and life, cultivating opportunities for growth and success through manageable risks.
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The Wealth of Nations — on Inflation
Adam Smith’s “Wealth of Nations” emphasizes that labor, not currency, was the original measure of value in economic transactions. The text explores topics like inflation and the division of labor, demonstrating timeless insights relevant to modern economics. It warns against holding fiat currency, advocating for investment in scarce, demand-driven assets to preserve real value.
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When venture investing goes wrong
Angel and venture investing can often lead to failures due to competitive environments, execution issues, financial irresponsibility, or even fraud. These challenges make it difficult to predict a startup’s trajectory, highlighting that investing is more of an art than a science. A notable example of such failures is discussed by Youtuber ColdFusion.
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Gen AI and the speed of wealth creation
Gen AI enhances productivity, leading to faster wealth creation by streamlining processes and reducing time to market for new products. This shift is evident in the startup sector, where venture capital intervals are shortening. Companies that embrace Gen AI will thrive, while those that do not may struggle to compete effectively.
Books Bucks & Beyond 