The Price of Time: The Real Story of Interest
Determinant 4: The level of market interest rates.
Burton G. Malkiel • A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition)
Sin duda, el libro "The Price of Time" de Edward Chancellor está siendo, por ahora, la lectura que más he disfrutado en este 2023. Se trata una impresionante obra dedicada al estudio de la historia (y el impacto) de los tipos de interés en los mercados y las economías. https://t.co/mcQt57yja5
To grasp why people bury themselves in debt you don’t need to study interest rates; you need to study the history of greed, insecurity, and optimism. To get why investors sell out at the bottom of a bear market you don’t need to study the math of expected future returns; you need to think about the agony of looking at your family and wondering if y
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