Earlier this year I realised: I don’t want to receive birthday gifts or Christmas gifts any more. Below: the words of an old friend as inspiration and explanation. I add a couple of personal comments to the end.
Nominally, “The Alchemy of Finance” is about understanding markets and making better investing decisions. If that is all one learned it would be a crying shame, because the book is actually about understanding reality and making better decisions. To restrict it to the markets is a serious mistake and not one Soros makes.
I like books. I also really like giving and receiving books as gifts. They make the best present, bar none. Let me explain a little bit more.
Daniel Kahneman is an interesting man. Born in 1934, he is a psychologist mostly concerned with prospect theory, decision making and the psychology of judgement. Incidentally and as a sideshow he also established the intellectual foundations of Behavioural Economics, for which he was awarded the 2002 Nobel Prize in Economics. Unsurprisingly (or is it? he would ask), he also writes very interesting books.
Ostensibly, “Rich Dad, Poor Dad” (RDPD) is a book about how to make money. In this respect Kiyosaki’s formula is blindingly simple, so much so that I think he makes a good point that most of us are blind to it. At a deeper level, this book is about what it means to be an adult. Let me explain both of these.
I’ll write more soon, but just a quick tease: I am very excited! I have made great progress so far and the I foresee a future so shiny I shall have to wear shades. Tasteless, tacky shades!