My face will never grace the cover of Fortune magazine, and I will never be quoted in the Wall Street Journal. For me, reading the financial pages is akin to reading science fiction. My attitude towards wealth was always “If I can overeat, I am rich.”
This mantra hasn’t turned out well for someone in the final third of life, so I have had to re-educate myself by quickly reading a lot of books and websites about money management, and watching movies about Wall Street like The Big Short.
Here are some things and people I read about:
Quants; FAANG; Blockchain; Bakkt; Dark Pools of Liquidity; CDO’s; Unicorns; Dry Powder; AI and Deep Learning; Strategic Inflection Point; Mezzanine Debt; Value Extraction and Value Creation; DOJI; Candlestick Formations; Rule of 72; RoboAdvisers; Trailing and Forward Earnings; EBITDA; Initiating Coverage Reports; Economic Moats; GAAP rules; Jack Bogle; PMI’s; Norbert’s Gambit; VIX; SMI; CASS Freight Index; Keynes ‘Animal Spirits’; Secular Bottom; Price to Value Ratio; Debt to Equity; Currency Risk; Yield Curve Inversions; Tranches; High Frequency Traders; 10K Filings; Net Global Equity Supply; Buybacks; The Dumb Money of Muppet Clients; Market and Limit Orders; Interlisted Stocks; Credit Default Swaps; Intrinsic versus Book Value; Repo Market; Hedge Funds; Shiller P/E Ratio; CDS Index; Elliot Wave Pattern; Quiet Bull and Volatile Bull Markets; Plunge Protection Team; EDGAR; DSCR; SWOT Analysis; Value Trap; Major Angas; Fred C. Kelly; Bear Raiding; FINRA; Event Risk; Shadow Banking; Zombie Banks; Tracy Alloway; Rehypothecated; Alpha and Beta; Look Through Earnings; ROE versus EPS; Max Keiser; Charlie Munger; Flash Boys; Baltex Index; Greenmail; QE4; AAII Sentiment Survey; Brad Katsuyama.
And on and on it goes down the rabbit hole.
My conclusion: I don’t have the energy or the brains to be rich.