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The Book Report
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A blog for the books I read.
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The Book Report
Nov 21
Reminiscences of a Stock Operator
My sentiments while positioning into a market as a naive and hopeful boy with wishes of riches start with looking at a chart. The candlesticks are more or less random until I keep looking at them and start making patterns on them. I start to notice support and resistance lines at certain price areas. I think to myself, if this goes any lower, I'll be buying at a discount since it all has to return to its previous highs, I assume. I'm a patient person, I think of myself, and now I also think, ...
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The Book Report
Nov 6
Essential Poker Math, Expanded Edition: Fundamental No-Limit Hold'em Mathematics You Need to Know
Alton Harden, a seasoned professional poker player, meticulously outlines the myriad calculations players might undertake during a hand of No-Limit Hold'em in his essentials guide. Harden emphasizes that poker should be approached as an analytical exercise rather than mere gambling, transforming the game into a strategic endeavor.
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The Book Report
Nov 5
The Psychopath Whisperer: The Science of Those Without Conscience
Dr. Kent Kiehl's The Psychopath Whisperer is a captivating exploration into the dark realm of psychopathy. By delving into the neuroscience of this complex disorder, Kiehl offers a unique perspective on the minds of those who lack empathy and remorse.
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The Book Report
Oct 14
The Bitcoin Miner's Almanac: Where Code Meets Business and Everything in Between
Published in June 2024, The Bitcoin Almanac by Robert Warren offers a high-level overview of the BTC mining world. The book is divided into two parts: the first explains what BTC mining is, and the second consists of interviews with key players in the field, each approaching the task with different sizes, scales, and scopes. Bitcoin Mining Explained π Mining Bitcoin is relatively straightforward, but profiting from it is the real challenge. A critical metric for miners is the hash-to-price v...
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The Book Report
Oct 13
Market Wizards: Interviews with Top Traders
Introduction π‘ Market Wizards is a series of five books by Jack D. Schwager, that offers invaluable insights into the minds of successful traders. This review focuses on the first volume, published in 1989, exploring the psychology, strategies, and approaches of the top traders of the day. πͺ Key Themes π€© One common thread among these successful traders is their independent thinking. They rely on their instincts and of TA, rather than following news, advice, or popular trends. This aligns w...
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The Book Report
Oct 10
Technical Analysis Explained: The Successful Investor's Guide to Spotting Investment Trends and Turning Points
Technical Analysis Explained by Martin Pring lays out an introduction to trading on the market using visual cues to support decision-making. He write...
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The Book Report
Oct 9
The Twelve Caesars
The Twelve Caesars or De Vita Caesarum by Gaius Suetonius Tranquillus is an enjoyable read for those who are curious about the men who held the power of the known world in their hands. It is one of the oldest surviving pieces of literature documenting the history of the empire, beginning with Julius Caesar. The timeline spans from 44 BCE to 96 CE, and Suetonius himself lived during Emperor Hadrianβs time, dating this book around 50 years after the 12th Caesar. To put that into perspective, it...
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The Book Report
Oct 7
Language in Thought and Action
S.I. Hayakawa, a former English professor and U.S. Senator, offers a comprehensive framework for understanding language. In his seminal work, he emphasizes language as a living tool we use daily. Hayakawa begins by exploring the fundamental building blocks of language: words. He argues that words are never static, their meanings evolving and adapting over time. Within these words, he identifies signals emitted by the sender. A skilled listener or reader can discern these signals amidst the no...
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The Book Report
Sep 20
The Psychology of Money: Timeless lessons on wealth, greed, and happiness
prompt "The Psychology of Money: Timeless lessons on wealth, greed, and happiness"Morgan Housel's "The Psychology of Money" is a concise and engaging exploration of the multifaceted world of money. From investment strategies to economic trends, the book delves into the psychological aspects of our relationship with finances. One of the key takeaways is the author's emphasis on the role of chance and consistency in financial success. Housel argues that earning money is less about intelligence ...
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The Book Report
Oct 16
Bayesian Statistics the Fun Way: Understanding Statistics and Probability with Star Wars, LEGO, and Rubber Ducks
Overview The book Bayesian Statistics the Fun Way is an excellent introduction to probability. Written by Will Kurt, it starts by explaining that the Bayesian theorem is based on data one can grasp from personal anecdotes or, technically, prior odds. This approach allows for probabilities to stay fluid and dynamic, adapting to incoming changes in information. As John Maynard Keynes once said "When the facts change, I change my mind." (Interestingly, he also commented on adding a one to both s...
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