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comment by steve
steve  ·  4368 days ago  ·  link  ·    ·  parent  ·  post: Set aside 45 minutes and learn a thing or two about money.

I remember watching this a few years ago and sending it a few of my economist friends. They both agreed that it's mostly factual, and a great place to start. Thanks for posting kleinbl00 - that was a good refresher.





kleinbl00  ·  4368 days ago  ·  link  ·  

I found it like the Red Pill. A year after I watched it I'd consumed nine books about the 2008 recession.

MrEkted  ·  4365 days ago  ·  link  ·  

I know exactly what you mean. Mine was when my uncle gave me this book when I was 18. Learning about how the system really works scared the hell out of me and broke my teen aged mind for a while. It likely heavily influenced my lifelong aversion to the financial markets, resulting in an investment strategy heavy in tangible assets and real estate.

Then 2008 hit, and I learned that you're not really safe regardless of where your money is. And, let's face it, pieces of paper declaring ownership - be it stocks, commodities, or real estate - aren't going to mean shit if this smoke and mirrors, rube-goldberg-esque system of ours ever really began to unravel.

kleinbl00  ·  4365 days ago  ·  link  ·  

Goddamn it. Now I have to read that book. It's been on my list for a year but the fact that it's available neither as Audible nor Kindle messes with my mojo.

You might enjoy the hell out of Michael Lewis' The Big Short.