David Casas > Recent Status Updates

Great book for beginners and great refresher for novices. Easy to read without having a computer nearby to write code while reading every page, but it’s also great to have the exercises at the end of each chapter to practice the concepts. A great balance of leisure reading and practicing the theory. 10/10 so far.

Chapter 16 is great to re-read. He argues that financial bubbles don’t occur because long-term asset holders are buying at such a high valuation; he says that it’s because different people have different time horizons, so it makes sense for a short-term investor to buy at a high price if they know it’ll be higher at the end of the day. Home flippers and day-traders play on the same field as long term investors