January 31, 2023

Book Reviews | About a very good, but amazingly useless book.

Book Review “Money Without Fools” - Alexander Silaev I bought and read a book by Alexander Silaev "Money without fools."
The book is wonderful, the best of all that is in my library somehow related to investing. And the library has a lot of things, from Sharpe and Schiller to Taleb, Colby and Fabozzi.
The author parses whoever cheatsinvestors - from simple scammers to Kiyosaki. From forex to states. Forewarned is forearmed? But no. To read, understand and accept, try on yourself, you will have to do the WORK. How many who want to become Investors are ready to work on themselves, read difficult texts and learn to do the right thing?
The author explains what does not need to be done, what does not need to be believed in the market. How many are ready to live without sweets without faith in a miracle, in a freebie, in a saucer with a blue border?
The author kills hope and encourages you to think with your head. Damn it, who would like it?
Written in easy language, the book is hard to readand reflection. Because the author implicitly assumes the reader has a common cultural background, a willingness to understand irony, hyperbole, sarcasm, an understanding of the general principles of statistics, economics, and government. Ability to take the point of view of another.
There is a block “how do we regulate DU”, and “how do we overtake inflation”, and “the state as a stationary bandit”, many, many wise thoughts.
In general, this book is worth buying and reading, preferably several times. But this reading will not be entertaining.