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.
Once upon a time, words were sacred and inviolate…
It’s funny. He’s always been there, but it’s only over the last couple of years that I’ve consciously heard him, realized he exists. It’s the little voice, sitting on my shoulder, assessing and judging. Assessing and judging you. Assessing and judging me.
Julian Baggini’s “Do They Think You’re Stupid” is a light, amusing read with a serious meta-lesson tucked away inside. Presented as a list of 100 common argumentative fallacies and why they’re wrong, it can actually be interrogated as a guide to good analysis. Continue reading
Tying together the latest neurology, psychology and neurology research, Charles Duhigg’s book The Power of Habit presents a compelling description of habits: how we get them, how we change them and their wider appearance in companies and entire societies. With the framework he builds it becomes possible to understand why I can’t resist sugar and why Rosa Parks (and no one else) truly set the Civil Rights movement in motion. What’s more, it becomes possible to change my sugar addiction and understand how BigRetailChain is pulling my psychological levers to make me buy more. Well written, interesting and enjoyable, I strongly recommend this book. Continue reading