The way the world works

What Hacker News says

1. jnordwickSep 2016
   This one was recommended by the former head of NYMEX to me when I started my career in trading. Written about Jesse Livermore who made and lost his fortune multiple times. He was often blamed for rigging the market, but his lesson is simple: you basically can't rig the market; it will destroy you way more easily. Take what the market gives you and be happy it even decided to give you that:

   https://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Opera...

   And you'll see a lot of recommendations for everything from Hazlitt to Piketty, but my favorite you never see recommended for macro is The Way the World Works by Jude Wanniski. He was one of the life long Democrats who became a Reagan advisor (and basically quickly turned back into a Dem before passing away about ten years ago):

   https://www.amazon.com/Way-World-Works-Gateway-Contemporary/...

   Besides that, this is a really broad questions. There is stuff like John Hull for derivatives (this is what I survive on):

   https://www.amazon.com/dp/0133456315\

   This is the game theory book I and many others have survived on in college and many years past. Haven't really found a better one yet:

   https://www.amazon.com/Game-Theory-Press-Drew-Fudenberg/dp/0...

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2. stretchwithmeApr 2011
   Gold is the most stable commodity in the world, which is one reason its ideal for this purpose. Most of the gold that has been mined throughout history is still part of the supply.

   And the one getting that portion of the gold supply is doing the work of getting it out of the ground. So I really don't see how that's stealing.

   Fiat money is another matter entirely. As most fictional things are quite different than real things.

   Jude Wanniski makes an excellent case for gold in The Way the World Works. He also explains why inflation is so dangerous. I encourage you to check it out.

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3. stretchwithmeSep 2010
   Read a great book about how destructive such high taxes are called The Way The World Works by Jude Wanniski.
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