3 ms·

Whats your purpose? If you want to gain an academic understanding, then mises.org is a good resource(though some ppl are against it) If you want to make money

Whats your purpose? If you want to gain an academic understanding, then mises.org is a good resource(though some ppl are against it) If you want to make money from stocks, then understanding economics will not help you, sorry to say

methusala8 4y ago
If one wants to make money, what would you suggest as you said economics won't help?
- altdataseller 4y ago
  Just put your money into an index fund? If you think you have an edge, go ahead and trade, but I don't think any "special" knowledge will help.
  - methusala8 4y ago
    Actually, In the country I am from, Active funds still handily beat Index funds as of today. Understanding Macro cycles via economics might be part of the said 'edge'.
chewz 4y ago
Actually understanding economics might be very helpful in making money... In a way that is straightforward, accessible to everyone and also eliminates certain investment risks... > Global macro strategies as a group have historically done well during periods of market crises. In each of the three largest peak-to-trough drawdowns of the S&P 500 since 1998, macro was the best or second best performing sub-strategy of the HFRI Index. [1] [1] https://thehedgefundjournal.com/macro-investing/ https://thehedgefundjournal.com/macro-investing/ [2] https://en.wikipedia.org/wiki/Global_macro https://en.wikipedia.org/wiki/Global_macro
lucozade 4y ago
> What's your purpose? This is the key question. If you want to understand the mechanics of the economic and financial world at a macro level then I would strongly recommend, as a primer, looking at the explainers on the Bank of England website. And for more in depth stuff, the Federal Reserve website has links to a number of academic papers that cover quite broad topics. I would expect that that, between them, there should be enough material so that you can start to more in depth studies using the appropriate terminology. I noticed elsewhere you discounted The Economist, FT and WSJ. You really shouldn't. They all have very good articles that cover topics you won't see or are glossed over in more generalist media. They definitely have biases but in my experience (and I know a fair bit about finance particularly) the factual side tends to be pretty solid ie their journalists are knowledgeable. I would also recommend Matt Levine's columns in Bloomberg.
Mikeb85 4y ago
> If you want to gain an academic understanding, then mises.org is a good resource(though some ppl are against it) mises.org shills mostly discredited, heterodox economics. It's basically a bunch of conspiracy theories. Mises and Hayek are important philosophers and did some good work in a subset of economics but their subsequent 'followers' have used that to try give credence to their terrible conspiracy theories.

methusala8 4y ago

If one wants to make money, what would you suggest as you said economics won't help?

altdataseller 4y ago
Just put your money into an index fund? If you think you have an edge, go ahead and trade, but I don't think any "special" knowledge will help.
- methusala8 4y ago
  Actually, In the country I am from, Active funds still handily beat Index funds as of today. Understanding Macro cycles via economics might be part of the said 'edge'.

chewz 4y ago

Actually understanding economics might be very helpful in making money... In a way that is straightforward, accessible to everyone and also eliminates certain investment risks... > Global macro strategies as a group have historically done well during periods of market crises. In each of the three largest peak-to-trough drawdowns of the S&P 500 since 1998, macro was the best or second best performing sub-strategy of the HFRI Index. [1] [1] https://thehedgefundjournal.com/macro-investing/ https://thehedgefundjournal.com/macro-investing/ [2] https://en.wikipedia.org/wiki/Global_macro https://en.wikipedia.org/wiki/Global_macro

lucozade 4y ago

> What's your purpose? This is the key question. If you want to understand the mechanics of the economic and financial world at a macro level then I would strongly recommend, as a primer, looking at the explainers on the Bank of England website. And for more in depth stuff, the Federal Reserve website has links to a number of academic papers that cover quite broad topics. I would expect that that, between them, there should be enough material so that you can start to more in depth studies using the appropriate terminology. I noticed elsewhere you discounted The Economist, FT and WSJ. You really shouldn't. They all have very good articles that cover topics you won't see or are glossed over in more generalist media. They definitely have biases but in my experience (and I know a fair bit about finance particularly) the factual side tends to be pretty solid ie their journalists are knowledgeable. I would also recommend Matt Levine's columns in Bloomberg.

Mikeb85 4y ago

> If you want to gain an academic understanding, then mises.org is a good resource(though some ppl are against it) mises.org shills mostly discredited, heterodox economics. It's basically a bunch of conspiracy theories. Mises and Hayek are important philosophers and did some good work in a subset of economics but their subsequent 'followers' have used that to try give credence to their terrible conspiracy theories.