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Which ones?
by gargarplex 7y ago
Which ones?
- regularfry 7y agoJust on a quick scan we've got Graham, Buffett, Soros, Taleb... those are before I need to go and look up personal net worth for some of the other names. I'd bet on Burton Malkiel having done alright for himself, too.
- gargarplex 7y agoGraham, Buffett, Soros – sure, ok, although I doubt they're giving away the keys to the kingdom in their books. Buffet himself is notorious for saying that great ideas are proprietary and not to be shared. In the investment world, in stark contrast to the tech community, ideas are as valuable as execution. Even in VC proprietary dealflow is considered to be valuable. There is actually some controversy as to how much money Taleb made from trading and portfolio management as opposed to writing.
- regularfry 7y agoRight, so your argument is what? That no valuable idea is ever written down? Or that no written down idea is valuable? Why would either of these be true?
- gargarplex 7y agoI see a common fantasy among developers; they want to apply their sophisticated intellect and technical knowledge towards exploiting financial markets. So, my argument is that if this is what one is up to, one is not going to find many valuable ideas spelled out and spoon fed in a book.
- regularfry 7y agoBut that's a non sequitur. There's no connection between the intent of the reader and the value of the content. Whether the reader is in the right mental state to learn from it is another matter entirely...
- gargarplex 7y agoOk. I acknowledge your points and am glad we had this discussion.