Jul

2

What markets teach

July 2, 2024 |

a book recommended as the best book on economics ever is Reinventing the Bazaar, by John McMillan. you learn about flower markets, camel markets, pharma markets, bazaar markets in Morocco. and what it takes for them to work. i found the book fascinating albeit takes middle road.

Dasgupta, very erudite and sharp economist, recommends the McMillan book as essential for every current and would be economist. it tried to be eclectic as to free markets and need for government control. it's good to keep the enemy close as Godfather says.

Economics: A Very Short Introduction, by Partha Dasgupta.

Wes McCain is one of the most successful and erudite economists I have met in my 65 years career in Wall street. He recommends the Godfather as the most important and useful book for traders. I just watch the three Godfather Movies and they are excellent and highly recommended.

one of lessons that I wish my colleagues followed: "Fredo, don't ever take sides against the family again." so important in business and military, and markets especially.

every one says the opening line "i believe in america" is one of greatest opening lines ever. imagine the contumely that would be directed at it today.

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