A Great Quote From The book :
"Your Money Or Your Life"
The alarm rings at 5:45 , run, shower, dress in professional uniform. Breakfast, if there is time. Hop in the car for daily punishment called rush hour . On the job from nine to five, Deal with the boss, 1/3
My review of the book :
1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation
I had always had a vague idea about 1929, and somehow the phrase “soup kitchen” was always attached to it in my mind. This book added an entirely new dimension to that period. One example was Hoover’s infamous attempt to rebrand the stock market “panic” as a “depression” — a term that ultimately stood the test of time.
The book reads almost like fiction, which made it incredibly engaging. What made it even more fascinating was how much history seems to be rhyming as I write this review in 2026. Today the flavor is AI; back then it was old-line industries. But greed, fear, speculation, and mass hysteria remain exactly the same. Yes, regulatory systems are stronger today, but many people believed the same thing in 2008, and to some extent even in 1929.
The story of Mitchell selling shares to his wife to avoid further losses in the market was especially striking. Whether it was technically a tax strategy or simply an attempt to stop the bleeding may have been a legal question back then, but nearly 100 years later it still feels like a moral question. Similarly, the conflict of interest involving the otherwise impeccable Glass and J.P. Morgan was so compelling that it could easily be turned into a movie on its own.
It was also interesting to see how many modern financial structures and government responses trace their roots back to 1929 — abandoning the gold standard, government bank holidays, and the separation of investment and commercial banking.
My only criticism is that the book does not always introduce its major figures clearly enough. Characters like Lamont, Mitchell, Glass, and Pecora sometimes blend together, especially in a 500+ page book. At times, it became difficult to keep track of who was who.
That said, the quality of the book was so high that I ended up getting the Audible version and listening to the entire thing a second time.
@andrewrsorkin #1929 #depression #greatdepression
AAPL is a good grab for tomorrow. All mvg have lined up and SPY is trending up and at it's highest. TTM squeeze also looking good. Fib Retracements say its going to 290 but once it breaks through it will definitely push higher.
@SenSanders Yes, but Bezos employs over 1.5 million people at Amazon. That’s a lot of jobs he created, even after some layoffs. How many jobs have you created? For all the value Bezos has provided his customers and employees, he deserves a yacht. What value have you provided to anyone?
Keep an eye on AAPL. 12 day mvg is pushing to cross the 50 and once it does it will be a great buy. SPY is at its highest and TTM squeeze are all following great pattern. Keep an eye on Monday.
Keep a close eye on NVDA. 4 day mvg just had a cross over the 200 and 50 and if 12 day also crosses, it will be a good buy. SPY is also on good move up and TTM squeeze looking promising.
#SPY is above its 200-day moving average—don’t fight the trend with narratives like #IranWar or inflation.
Stay long or stay on the sidelines.
#SPX#NASDAQ#QQQ#StockMarket
#IranWar may be the first war where the loser profits $300 million a day by guiding 150 ships — while the supposed winner, America, stands back and watches.
😀😀😀😀
My Review of the bestseller #diewithzero . The book was disappointing for all the hype with plenty of irresponsible advice :
This book is definitely interesting and offers a few useful ideas—like planning for long-term care insurance and giving money to your kids when they actually need it instead of waiting until you pass away. Those are valuable takeaways. But a handful of good tips doesn’t necessarily make the book good overall.
The book starts by praising Your Money or Your Life, which sets a strong expectation. However, it quickly shifts into promoting spending—especially on travel and vacations—over and over again. One early example even glorifies a young person taking on debt just to travel. That kind of thinking, in my opinion, reflects the kind of financial mindset that gets many people into trouble.
We also have to be realistic about the world we live in. Wealth today is uncertain. Is it in real estate? Stocks? Bonds? Crypto? I’ve personally seen people go from millionaires to broke because of volatile investments like Bitcoin. Today it might be Bitcoin, tomorrow it could be a hot stock like NVDA. The point is—wealth isn’t guaranteed, and long-term financial planning should reflect that uncertainty.
The author also encourages using actuarial tables to estimate how long you’ll live. That feels overly mechanical and unrealistic. Knowing that an “average” person might live another 30 years doesn’t really help when it comes to planning your own life. Life doesn’t follow averages.
There was some element of comedy when the author has a separate chapter where he reveals a stunning secret of how 55 year old is more healthier than 75, and 25 is healthier than 55
Finally, while the book emphasizes spending on experiences, it ignores something important: many of life’s best experiences are free or close to free. Playing pickleball, sitting with friends, going for a walk, having a simple cup of coffee—these moments often matter more than expensive, highly planned vacations. Yet the book seems to push us toward trading those simple joys for stress, travel planning, and constant spending.
Overall, the book has a few good ideas, but its core message feels unbalanced and, at times, financially irresponsible.
#DieWithZero #BookReview #FinanceBooks #PersonalFinance #MoneyMindset #WealthBuilding #FinancialLiteracy #Investing #SmartMoney #FinancialFreedom #MoneyTips #WealthStrategy #LongTermPlanning #MoneyManagement #FinanceTwitter #Investing101 #WealthReality #RiskManagement #FinancialAdvice #MoneyTalk #EconomicReality #LifePlanning #Minimalism #SimpleLiving #MoneyHabits #WealthTruth #FinanceDebate
Be careful chasing powerful rallies like yesterday.
One of the biggest traps in a bear market is those sudden monster rallies.
Give it a few days to confirm the trend shift… $SPY is still below the 200-day ( 650 now vs 662 ).
#SPY#StockMarket#Investing#Trading#BearMarket #MarketTrends #RiskManagement