this post was submitted on 26 Sep 2024
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GenZedong
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wow, thanks for letting me know. Would you know of any actual well written books that cover this kinda topic?
i don't. the gist of the book -- and i'll emphasize again that "gist" is all there is because it's ai generated drivel -- is that if you consider the material basis of the value of companies when making investment decisions, you'll probably come out ahead against people who are swayed by the empty promises of vaporware. start by reading actual theory, even something short like wages, price, and profit and just apply that to whether you think a company will be worth investing in, and it'll be a better use of your time.
And even that is abdominal advice.
The stock market often is counterintuitive to material analysis.
Tesla is the highest valued car company in America.
Games top is a hot stock because a bunchnof nerds figured out mass market manipulation, they're brilliant material analysis was to start selling nfts, somehow their stock remains high.
sure, it depends on what your goals are. if i recall correctly, the book even has a section on fictitious capital that's formatted as 5 paragraphs with an introductory paragraph and conclusion paragraph and 3 paragraphs in the middle of restating a few definitions of fictitious capital and how marxist investors need to take this in to account when making investment decisions.