Lately, everything I look at is going up. I look at stocks of tech companies in US and they are going up. I look at various stock market exchange indexes and they are going up, both in India and in US at least. Crypto-currencies are going up for the last year or so. And not just up, some of these assets are going up in a crazy fashion, doubling 10x in a year. It was becoming hard for me to even understand what I was doing and made investing even more risky.
For a long period of time, until recently, I used to believe that net result of every transaction is 0. If you are spending money, someone is earning money. So if you make money in the stock market, someone should be losing money. That is what the conventional wisdom in my head said. Continue reading
Before I decided to read this book, I used to laugh at the title and I probably looked down on people who might have read it. I mean who needs to read a book to win friends? What kind of loser would that person be? Well, here I am, one of such Losers. In hindsight, the title of the book is unfortunate but catchy. Maybe had it not been titled such, it would not have sold as much or stood out among people the way it did.
This is not a book review as such. This post is more about my opinion on the book and the other chain of thoughts it made me wonder about. The book was first published in 1936. Just reflect on that. Here is a book that can be termed self-help that is still valid and working for 81 years now. That caught my fantasy. The other thing that was equally appealing was Goodreads page of this book. This book has a rating of 4.22/5 from 322,000+ ratings. That blew my mind. Here is a book which 320,000 people have bothered to review and rated 4.2 on average. I mean surely it must have had a profound impact on a lot of people. But even before I got to this point, this book was recommended and was also on my to-read list. I picked it up to read without hesitation.