Books to read

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arbusers
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Books to read
« on: January 11, 2020, 06:19:33 PM »

I decided to start this thread so we can all contribute with short reviews on specific books. These should not be books about gambling. I strongly believe that our members do not need any gambling-related books as gambling books are simply trying to describe the various ways that our members operate.
These books should contribute to the development of a mindset that would allow us to become better humans, more effective and successful in what we do, no matter if it is business, everyday life, or roles in life.
I would appreciate your contribution and discussion about any suggested book.
Many thanks.
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arbusers
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Re: Books to read
« Reply #1 on: January 11, 2020, 06:21:27 PM »

''The Basic Laws of Human Stupidity'' by Carlo Cipolla.
This is a book that I mentioned in several posts as I believe it will help us identify when we act like stupid and when others act like stupid. Thus, it will help us protect our selves from the dangerous or even lethal influence of stupid people.

These are Cipolla's five fundamental laws of stupidity:
1. Always and inevitably everyone underestimates the number of stupid individuals in circulation.
2. The probability that a certain person (will) be stupid is independent of any other characteristic of that person.
3. A stupid person is a person who causes losses to another person or to a group of persons while himself deriving no gain and even possibly incurring losses.
4. Non-stupid people always underestimate the damaging power of stupid individuals. In particular non-stupid people constantly forget that at all times and places and under any circumstances to deal and/or associate with stupid people always turns out to be a costly mistake.
5. A stupid person is the most dangerous type of person.

In the end, if you manage to learn and implement what Cipolla teaches, you will be able to almost automatically classify the benefits and losses of any action that an individual causes to him or herself and to others.

Strongly suggested.

« Last Edit: February 09, 2020, 03:53:11 PM by arbusers » Logged
arbusers
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Re: Books to read
« Reply #2 on: January 18, 2020, 03:51:01 PM »

''The Evolution of Cooperation'' by Robert Axelrod.
Written in 1984, Axelrod starts by examining the prisoner's dilemma and then expands to the Tit For Tat Strategy, introduced by Anatol Rapoport. The Tit For Tat Strategy is examined in-depth and presented in an easy to understand way. This strategy can be implemented in games with repeated moves or in a series of similar games. Axelrod is adding a new dimension in the game that deals with the stake of each move, and explains situations and possibilities when players of the game will be tempted to defect from any cooperation or deal.
The Tit For Tat Strategy is used very commonly in the business sector and it became a way of life for many influential entrepreneurs. Be aware, there is a cultural dimension that one must take into account, as some cultures are more willing to defect compared to others. This strategy is not exclusive to economics. It is used in many fields, including psychology and sociology. In biology, it is likened to reciprocal altruism.
More than 40 years past since the Tit for Tat Strategy firstly came to light, and so far nothing overpassed it.

« Last Edit: February 09, 2020, 03:54:12 PM by arbusers » Logged
arbusers
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Re: Books to read
« Reply #3 on: January 25, 2020, 07:47:58 PM »

''The Biology of Belief'' by Bruce Lipton
Lipton examines the mechanisms by which cells receive and process information. Many believe that human traits are inherited by our ancestors. This is partially true. Recent experiments and research show that genes and DNA are responsible only for 50% of our biology. DNA is controlled by signals from outside the cell, including the energetic messages reproduced from our positive or negative thoughts. Positive thoughts, a growth mindset, and love in our lives will positively contribute to our lives and our roles as individuals and as parents and genetic engineers.
Even though the book is breathtaking, especially as you near the end of it, I have to say that I felt bad with the epilogue, called ''Spirit and Science'' as the evidence provided is not solid. I had to check and double-check facts as it was reported in internet sources and found out that I strongly disagree with the dreadful epilogue. To sum up, the book is highly recommended with an asterisk on the epilogue.
 


« Last Edit: February 09, 2020, 03:54:54 PM by arbusers » Logged
arbusers
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Re: Books to read
« Reply #4 on: February 09, 2020, 03:30:41 PM »

It goes without saying that you can search for these books in any language if English is not your language. And of course, some of these books are available on the net, but it is always a better experience to read a real paper book.
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arbusers
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Re: Books to read
« Reply #5 on: February 09, 2020, 03:50:13 PM »

''Happy Money'' by Ken Honda
This book is brand new as it was published at the end of 2019. Honda is obviously influenced deeply by Japanese culture and civilization and his views are reflecting a more philosophical approach on money against the material approach that dominates the west. What he is trying to teach, is a position on money that would bring peace of mind whether you are well off of poor. More importantly, you will understand why Philanthropy creates a positive money flow for Philanthropists, even if they operate anonymously. You will also understand the reasons why your standard of livings should be lower than your real financial position. Why you should always be grateful for what you have and achieved in life. In the end, less is more, and this can be proved by Honda under the prism of simplicity.
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valakivagyok
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Re: Books to read
« Reply #6 on: February 14, 2020, 01:45:34 PM »

I am just here to comment a "thank you note" for your hard work and providing meaningful insights and information (not only this thread but as a whole). Gonna start reading some of those. Wish you the best.
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Wolfie
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Re: Books to read
« Reply #7 on: February 14, 2020, 02:09:46 PM »

The Only Revolution - Jiddu Krishnamurti

One of few books on self discovery with original thoughts rising from pure observation.
Most books are about gaining knowledge. This one for those who absorb is about understanding that knowledge and thoughts have their limits.
« Last Edit: February 14, 2020, 02:23:34 PM by Wolfie » Logged
arbusers
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Re: Books to read
« Reply #8 on: February 14, 2020, 02:13:27 PM »

I am just here to comment a "thank you note" for your hard work and providing meaningful insights and information (not only this thread but as a whole). Gonna start reading some of those. Wish you the best.

Thank you valakivagyok.
The books that I suggest will have a positive impact only on fertile grounds. I m 100% sure the majority of people will not even understand what this is all about. By definition, if you managed to read these lines, on this forum, then the ground is fertile. Enjoy reading.

@Wolfie,
I would appreciate it if you comment a little bit on your suggestion. It would help and motivate people to search for this book.
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Wolfie
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Re: Books to read
« Reply #9 on: February 14, 2020, 02:27:20 PM »

@arbusers You are right, post modified. I think in this business there are very interesting persons with very interesting non conforming way of thinking. So i appreciate this thread very much.
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arbusers
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Re: Books to read
« Reply #10 on: March 06, 2020, 07:26:02 AM »

''The Intelligent Investor'' by Benjamin Graham
Graham is teaching value investing. You will be surprised by the similarities between value investing and value betting.
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. According to Graham, since you cannot predict the behavior of the markets, you must learn how to predict and control your own behavior. The intelligent investor is predominantly defined by the time willing to sacrifice in order to educate himself.
The latest edition of this book comes together with commenting by Jason Zweig. Zweig is making this book more readable, even to people with extremely limited knowledge of investing.
I must warn our members. My feeling is that Graham wrote this book, having in mind that you should invest in democracies with strong institutions. If your country is a banana republic, or a crypto-communistic country declaring itself a western democracy, then this book is for you, if and only if, you are determined to invest in a real democracy, overseas, or away from home.
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Wolfie
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Re: Books to read
« Reply #11 on: March 06, 2020, 10:35:46 AM »

''The Intelligent Investor'' by Benjamin Graham
Graham is teaching value investing. You will be surprised by the similarities between value investing and value betting.
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. According to Graham, since you cannot predict the behavior of the markets, you must learn how to predict and control your own behavior. The intelligent investor is predominantly defined by the time willing to sacrifice in order to educate himself.
The latest edition of this book comes together with commenting by Jason Zweig. Zweig is making this book more readable, even to people with extremely limited knowledge of investing.
I must warn our members. My feeling is that Graham wrote this book, having in mind that you should invest in democracies with strong institutions. If your country is a banana republic, or a crypto-communistic country declaring itself a western democracy, then this book is for you, if and only if, you are determined to invest in a real democracy, overseas, or away from home.

This man is Warren Buffett's professor and mentor.
Most successful value investors are his students.
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arbusers
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Re: Books to read
« Reply #12 on: March 06, 2020, 10:54:16 AM »

This man is Warren Buffett's professor and mentor.
Most successful value investors are his students.

This is correct. It really worths it to search in youtube and find speeches from Buffett and especially from Charlie Munger.
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JamesMiller
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Re: Books to read
« Reply #13 on: March 25, 2020, 02:34:37 PM »

''The Biology of Belief'' by Bruce Lipton
Lipton examines the mechanisms by which cells receive and process information. Many believe that human traits are inherited by our ancestors. This is partially true. Recent experiments and research show that genes and DNA are responsible only for 50% of our biology. DNA is controlled by signals from outside the cell, including the energetic messages reproduced from our positive or negative thoughts. Positive thoughts, a growth mindset, and love in our lives will positively contribute to our lives and our roles as individuals and as parents and genetic engineers.
Even though the book is breathtaking, especially as you near the end of it, I have to say that I felt bad with the epilogue, called ''Spirit and Science'' as the evidence provided is not solid. I had to check and double-check facts as it was reported in internet sources and found out that I strongly disagree with the dreadful epilogue. To sum up, the book is highly recommended with an asterisk on the epilogue.

Yes. This updated and expanded 10th anniversary edition of The Biology of Belief will forever change our own thinking. Stunning new scientific discoveries about the biochemical effects of the brain's functioning show that all the cells of our bodies are affected by your thoughts

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arbusers
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Re: Books to read
« Reply #14 on: March 26, 2020, 09:01:35 AM »

''History of the Peloponnesian War'' by Thucydides
Maybe the best book ever written. If Herodotus is the father of History, then Thucydides is the father of scientific History. He is also the father of political realism. Political realism is used by states in a jungle-like environment. It is impressive that political realism can be brought down to the level of the individual. You need to have a certain mental and emotional capacity in order to be able to draw relevant conclusions and then use these conclusions in your life. Take this book as a test. If you are not able to draw the conclusions, then obviously you don’t have the required capacity. Also, you need to have at least a basic knowledge of ancient Greek History to understand the general context.
People claiming that studied Thucydides will always refer to the Melian dialogue. People that really studied Thucydides will refer to other parts of the book. The destruction of Plataea, the Corfu civil war, the destruction of Mykalissos, the Sphacteria siege, the imprisonment of the Athenian army in Sicily, and the Athenian plague. You will read about situations when human nature becomes primitive and animal instincts prevail. Brothers killing brothers and individuals sacrificing their home towns for petty or no returns.
The conclusions you should draw will help you in situations when ‘’life as we know it’’ is disrupted. They will also help you to take the most important 3-4 decisions of your lifetime that you will be required to do in very rare times of need.
Better read this book in your own language unless your Greek or English is near perfection.
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