David I George

Finally!!!

Revisado: 05-27-24

Finally after listening to 30 plus episodes, I’ve taken the time to give a five star review. This is the podcast that makes me never want to be a trader Podcaster. He is discussing all the things I wish I was told, or listened to, when I first started my journey over a decade ago and I don’t think I would add much to the space except an echo and a funnel to different trading services. There are over 400 episodes. I’m sure you can find something that is relevant to where you are on your journey. Godspeed!

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Its think and Grow Rich lean

Revisado: 03-23-24

It’s think and grow rich in a more concise way with a little bit more expounding upon certain points. Outwitting the devil is a very entertaining way of emphasizing many of the same points of the philosophy contained within Think and Grown Rich. There is value in all of them, but this book and think and rich could serve as stand alone books. I liked this book better than TAGR, however, this book wasn’t read in a vacuum. I don’t know if I would value it the same if I hadn’t read TAGR and outwitting the devil first. Listen to all three, at least two are free on audible.

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To the author, I started immediately. Thank you!

Revisado: 01-27-24

Very motivational! This book is most for those who are already ready for the message. I chose this book because I was already considering some of the practices preached within. Worth the read whether you have failed to reach your dreams or simply want more from them.

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A book for every trader!

Revisado: 02-26-23

A book for every trader, but one that only experienced losers, would appreciate. This book is a peptalk, so to speak of why you need to change yourself to a good loser, from a bad loser, and what that would look like, to win in the markets. I am encouraged to go back and do the mental work from Jared Tendler’s book that I didn’t do the first time I listened to it. And also the work from Trading in the Zone that I also did not do. I will spend a lot of time working on my mental game for the rest of the year and beyond.

I have said to myself many times, that the pain of missing out on a big winner that I exited in fear of losing a small paper gain, or a big winner that I was too fearful to enter in the first place, is greater than the pain from losing a small paper gain, or my original risk, that would result from being stopped out. While, I’ve said this to myself many times I have not adhered to it while in a trade. I need to work on being able to fight my own mind when these fears arise. My technical skills are good enough to succeed, my mental game is not!

Thank you for the reminder of what needs to be done.

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esto le resultó útil a 5 personas

Incomplete!!!!!!!!!

Revisado: 05-04-21

The book does an excellent job dispelling many myths surrounding monetary and fiscal sacred cows that seemingly hinder the productivity and wealth distribution of our nation. However, the book takes a stance that inflation is low without any scrutiny regarding how the Fed chooses to measure inflation.

She doesn’t address whether the Fed’s way of measuring for inflation is accurate. She doesn’t thoroughly define what inflation is or how the Fed defines inflation. She doesn’t go into how most congress members may view inflation. She doesn’t discuss the best way in her opinion of how to measure for inflation. Lastly, she doesn’t address how to insure that money printing doesn’t cause inflation, nor specifically what levels are considered too hot, or running the economy too fast.

This book champions MMT and identifies inflation as being the biggest risk of an MMT policy, however the book chooses not to thoroughly address the biggest risk of MMT. We have an increased money supply, we have increased prices, but she supposes that if we did a better job at producing, there would be more goods and services available for the conjured money to chase. However, she makes no attempt at pointing out where we are specifically have more slack to utilize more workers, to increase the number of goods and services to offer, and where we don’t. America’s protection against the effects of inflation is only as good as it’s weakest links, however she speaks as if we have slack across-the-board.

Overall, while I found the book interesting, it lacked thoroughness, that to me suggest this book is more political campaigning for a particular philosophy of monetary practice, and not an exercise of putting MMT through proper scrutiny, for its potential application in America. That’s unfortunate.

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