Post
Topic
Board Economics
Re: How to developed your capital
by
dothebeats
on 05/09/2023, 07:15:50 UTC

3. Read books on financial market and its products

This may seem like good advice at first glance, but in fact I find it useless. The fact is that now the information is updated very quickly, new concepts in cryptocurrencies are added every month, and some abbreviations are replaced by others. And only the one who is fulltime looking for information in the world of cryptocurrencies is in the course of all changes. And books are static and the information in them quickly gets stuck. It is better to read the Internet.

Reading books remains an important thing with the aim of increasing our understanding and thinking. and this is a very useful thing. However, it is not enough for us just to read books, but we also implement what we have read and about what we learn after reading as a form of actualization and as a form of knowing that we understand what we read.

And it's true what you say. However, that does not mean that reading books is useless and does not have any effect on us. And all the good things we do will definitely benefit ourselves.
It's just that currently, with the development and progress of the current era, it is not enough for us to just read books, but we also have to be able to absorb existing information and this can be done via the internet, so that we are able to answer existing problems.

Okay, reading is not useful, of course. But it is not as productive as it is commonly believed today. I have read books by Kiyosaki, Kornegi and similar authors, but I can say that the information there is too stretched for nothing, and the main idea is always the same:

"Money can bring money. You need to buy assets."

That's all. Let it be a very key thought that has changed my life and my whole way of thinking, but it is enough. And if someone has very little time, then it is enough for him to read the thought above, and not waste his time to read hundreds of pages where this thought will be given in examples. With good thinking, the reader will understand everything for himself.

I have also noticed this. After reading a handful of motivational and self-help books (some centering on how to be a successful businessman/entrepreneur) I noticed how the hundreds of pages of the book are mostly filled with examples that eventually end up or go back to the main point of the book, and the thing is that point was already stated and carefully explained on the first chapter. I mean don't get me wrong, of course, it is always good to have real-life examples cited in the book in order to show just how relevant and effective the main point of the book is. However, having so many examples and realizing by the end of the book that you just spent so much time reading different stories with the same outcome only to go back to the main point of the first chapter feels unproductive to me. Human beings, especially those who have a set goal, can naturally quickly pick up things, hence I don't think it should take 20 or so chapters for us to learn something that will help us on our way to success. Reading books is useful, as it has always been, but there are instances that we should analyze if it is making us less productive.