miguel-se7

Danger can arise when investors come to assume that any trend or state is no longer cyclical but has rather become SECULAR or even permanent. It is then most likely to reverse through REGRESSION TO THE MEAN. As the financial writer James Grant has observed, “In markets all things are cyclical, even the idea that markets are not cyclical.”

The Devil's Financial Dictionary was recommended to me by a friend, with whom I share some interest on financial topics, whether following the stock market or cryptocurrencies. Written by Jason Zweig, an investing columnist for the Wall Street Journal and editor of “The Intelligent Investor” (also known as Warren Buffet's favorite book about investing), the book presents a satirical take on many concepts used on Wall Street.

The book is short enough and really funny at times, being Jason's take on the classic book The Devil's Dictionary. Filled with simple descriptions of complicated concepts, as well as their historical origin, anyone who has been following the crypto market over the past years will find something of interest here. As an added bonus, the book can be read in any order and in short amounts without substracting from its enjoyment, it is a dictionary after all.

That being said, the book assummes you have some knowledge about how the Stock Markets operate; someone without the right familiarity with the concepts at hand might find this book a bit confusing or plain boring.

Overall the book is a fun and useful read, not only will you walk away the wiser about financial matters but you will have a good laugh, most likely at the expense of yourself.

As it has been the trend, you can donate to charity by retweeting this review. You can find some of my favorite definitions from the book below:

Continue reading with a Coil membership.