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I enjoy content that adds curious new information and different views to topics full of cliches, while still being relatively respectable or well researched. C
by fullsend 4y ago
I enjoy content that adds curious new information and different views to topics full of cliches, while still being relatively respectable or well researched.
Coming Apart - this book described the coming separation of the US into two “classes” long before it was widely talked about. Today most talk about it as a political divide. This book tackles it as a divide between knowledge workers and the rest. A controversial take that adds much needed food for thought to the conversation. If you’ve lived poor and you’ve also lived in a place like Palo Alto, you’ll be astounded by how readily you can point and say, “that’s me”. Lots of fascinating statistics.
Bowling Alone - a great book about the collapse of US social life. Dense, lots of statistics, but a clear picture is laid out of increasing isolation and alienation. Read it alongside something like Consumer’s Republic to understand how so much of this stems from the selfishness and individuality encouraged by consumerism in post-war America.
Triumph of the City - an excellent take that can be used as food for thought when people are talking about how dirty cities are. In truth, the author argues, they are our greenest “invention” ever. Lots of good evidence. Imagine collecting the trash if every human lived on their own acre of land. The sewage, the energy usage. Cities are incredibly efficient and clean.
The Man Who Solved The Market - everyone interested in finance needs to read this and it’s precursor More Money Than God. The Bogleheads and their index fund ilk are often correct when they say “money managers all lose to an index after fees”. Beating the market is nigh on impossible for all but a few. Most of those few work at Renaissance Technologies. Their Medallion Fund has made 36% after fees every single year since 1989. The fund does its best in market crash years. Closed to outside investors. A story of mathematicians essentially building models that can predict the future reliably. Utterly fascinating, the most successful money printer ever built. As a bonus, we learn that Jim Simons originally controlled this printer and spent the money helping US math teachers. He then ceded control to Robert Mercer, who used the printer’s output to fund Cambridge Analytica, Steve Bannon, Trump, etc.
The Snowball - a biography of Warren Buffet that tells an incredible story. The story is one of total obsession. Of a human who literally started from a few dollars, learned about some principles like compounding at age 6, and applied the exact same principles every day for the rest of his life with very little deviation. The craziest part of this story is how every 10 years, he’s surrounded by people saying “times have changed, you’re missing out”. Then those people get blown up by whatever black swan, and Warren’s snowball just grows and grows. He didn’t become a billionaire till he was in his 50’s but the snowball is still growing and he’s one of the richest people alive.
- Bakary 4y agoThe Warren Buffet story bothers me a bit, especially since him and his pal Munger are cited all the time in HN-approved material. He's definitely one of the richest men in history, and his ability to achieve that is worthy of respect. I won't pretend that I don't want to be wealthy. But at the end of the day it's a person whose contribution is to just buy things at the right time instead of making anything. He is set to spend much of that in charitable endeavors but it begs the question of how individuals can get so massively wealthy and powerful to begin with a.k.a the Batman syndrome pointing to a societal failure. He's had way more of a contribution that I have or ever will but at the same time I feel there is something clearly wrong here.