“The rich get the assets, the poor get the debt, and then the poor have to pay their whole salary to the rich every year just to live in a house. The rich use that money to buy the rest of the assets from the middle class and then the problem gets worse every year. The middle class disappears, spending power disappears permanently from the economy, the rich becoming much fucking richer and the poor, well, I guess they just die.”
― The Trading Game: A Confession
― The Trading Game: A Confession
“There are many roads to success, but only one sure road to failure; and that is to try to please everyone else.”
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“The modern incarnation of Silicon Valley has strayed significantly from this tradition of collaboration with the U.S. government, focusing instead on the consumer market, including the online advertising and social media platforms that have come to dominate—and limit—our sense of the potential of technology. A generation of founders cloaked themselves in the rhetoric of lofty and ambitious purpose—indeed their rallying cry to change the world has grown lifeless from overuse—but often raised enormous amounts of capital and hired legions of talented engineers merely to build photo-sharing apps and chat interfaces for the modern consumer.”
― The Technological Republic: Hard Power, Soft Belief, and the Future of the West
― The Technological Republic: Hard Power, Soft Belief, and the Future of the West
“Stay within a well-defined circle of competence.”
― Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
― Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Brian’s 2024 Year in Books
Take a look at Brian’s Year in Books, including some fun facts about their reading.
Favorite Genres
Business and Psychology
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