Sunday, November 20, 2011

The Ascent of Money…

The book I successfully borrowed from the library on my Kindle was Niall Ferguson’s The Ascent of Money: A Financial History of the World

I’m about 50% of the way through it and am really enjoying it.

I like to think (don’t we all), that I have an above average understanding of finance, but this book has been eye-opening for me as it has helped provide a framework for how money works (on faith…it’s like belief in God) and the role of finance.

As a history buff, I also enjoy how the story unfolds beginning in Cuzco, Peru (since I’ve been there) and then taking us to other key places in the development of financial tools.

Since we’re all so greatly affected by finance (even more than I think we all realize), I’ve found it helpful to take this step back and think about the macro-forces that toss us around so often.

At least next time it happens, even though you can’t control it, you may be better positioned to weather the storm.

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