Zoomers and Millennials invest in crypto have you read a basic finance book titled
The richest man in Babylon?
if you did now is a good time to revisit the 5 laws of gold (money), especially #5
V. Gold flees the man who would force it to impossible earnings or who
followeth the alluring advice of tricksters and schemers or who trusts
it to his own inexperience and romantic desires in investment.”
you got further than me, i stopped after the first word
Zoomers?
I like Zoomers.
Ok
Is this about Gumtree scams or Bitcoin?
Yes
IVI is that you?
if it was IVI
he would
have written
the post
like this
A book written in 1926 and based on fictitious religious texts from 4000 years before that… Yep, totally relevant to today's housing bubble, meme stocks, crypto and NFT markets.
This is like reading Nostradamus and just making the weird ramblings of a nut job fit whatever you want it to fit.
OP is making fun of the hapless Luna and crypto holders that are now holding a shitbag and those that chose to go down with the ship, riding it till it hits $0.00000000001.
If you look at the tweets of Luna's founder, Do Kwon he did sound like a con artist/cult leader telling his flock to 'stay strong', how they'll pull together and will come back stronger etc etc. Its a fascinating read. See also
And you can tell OP hit the bullseye because ozb's foremost cryptobro is rattled, bad.
Just gotta chant "hodl", "buy the dip" and "diamond hands" and the Gods of Crypto will smile on you.
The book is based around fundamental financial principles that are as relevant today as they were then - and people would do well to learn them.
While things have changed, people haven't.
Really? I would've thought that principles like "save some of your money", "spend less than you earn", "make wise investment decisions", "don't confuse needs and wants" are just as, if not more relevant today?
Sooo… what you are suggesting is it's really just a book of "common sense"?? If that's the case, I don't really need a dude from 1926, LARPing as a 4,000yo Babylonian goat herder giving me advice on things that already make sense.
Funny thing about common sense, it doesn't seem to be all that common sometimes.
the basic principles are sound regardless of how it was written
I know it no match for today YOLO, crypto, NFT and meme stocks
beware fools gold
Here are four 📚 written for the 21st century that Zoomers and Millennials should read.
The Creature from Jekyll Island by G. Edward Griffin
The Fiat Standard by Saifedean Ammous
The Bitcoin Standard by Saifedean Ammous
Bitcoin Whitepaper by Satoshi Nakamoto
hahah you got so many negs and I bet not a single one of them have read any of the articles/book you listed.
I wish I knew everything in the universe so I could neg stuff like that as soon as people posted it.
I could be wrong but I doubt any naysayers have attended a class at MIT or Harvard where they teach this stuff.
You don't need no fancy degree to push the thumbs down button sir.
Did anyone else struggle to read this post and then just give up?
TLDR
OP want people to buy gold.
I don't have any gold, and I don't advice anyone to buy anything
I only hold properties, ETFs and direct shares holding
well broad index ETFs probably has gold miners and stuff in there
won't be taking it with you
@[Deactivated]: Life expectancy in Australia continues to rise, with a baby boy expected to live to 81.2 years and a girl to 85.3 years, according to the latest figures released from the Australian Bureau of Statistics (ABS).
We all have plenty of time to enjoy said wealth before we have to depart somewhere else
@brendanm: Bingo - this is the correct answer.
Just like no-one complains about the gender workplace death gap - because it is men dying at massively higher rates than women.
@Almost Banned: Men are complaining
Death is a pretty shouty kinda cry for help
I mean I can't take the issue any more seriously. But many others could… I agree…
Here is a pdf copy of the book for those that may be vaguely interested http://www.ccsales.com/the_richest_man_in_babylon.pdf
It's actually a very good read. The principles taught in the book are timeless even though it was written a century ago. And the author has made it easy to read and entertaining by having the story told by a fictitious character 4000 years ago.
The advice is so worthwhile that I've often thought that it should be required reading in high school.
George S. Clason was not familiar with the modern financial system, or else he would not have written that.
Reverend Lovejoy:
Homer, I'd like you to remember Matthew 7:26. "The foolish man who built his house upon the sand."
Homer:
[pointing a finger] And you remember
[thinks]
Homer:
Matthew… 21:17.
Reverend Lovejoy:
[confused] "And he left them and went out of the city, into Bethany, and he lodged there?"
Homer:
Yeah. Think about it.
I read The Richest Man in Babylon as a teenager. The narrative premise makes the book really engaging and it has very solid basic principles of financial literacy. I'd happily recommend it.
Crypto has no underlying intrinsic value. That is all you need to know. Either accept it and look elsewhere or gamble your money until the bottom drops out forever. Until crypto has a token that is government guaranteed like Fiat currency it risks being worthless at any moment. Investors who are clever will trade in it because it is just stupid not to take money from fools.
Zoomers and Millennials invest in crypto have you read a basic finance book titled The richest man in Babylon?
Spoiler alert: No they haven't.
Actually I can fix that question for you I think:
Zoomers and Millennials invest in crypto have you read a basic finance book
titled The richest man in Babylon?
Still no.
Actually I can fix it further too probably:
Zoomers and Millennials invest in crypto have you read
a basic finance book titled The richest man in Babylon?
That's better. (And as before, the answer's no.)
I 🚫 reading at gold.