Investing, Life, and Microfinance
Interesting Reads - Sept 15, 2021
Hope you are doing well. Today’s recommendations are:
Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life, by William Green
This book looks at the investment and life strategy of some of the greatest investors of our time like Buffet and Munger, Monish Pabrai, John Templeton, and Joel Greenblatt. Not only does it give you first principles to build your philosophy and perspectives on, it also gives you actionable advice you can implement outside of your investments.
Confessions of a Microfinance Heretic: How micro lending lost its way and betrayed the Poor, by Hugh Sinclair
Microfinance, popularised by Muhamad Yunus and his Grameen Bank in Bangladesh has been hailed as the solution to global poverty and financial inequality. Yunus went on to win the Nobel Peace Prize for GB. However, we know little about the destructive tendencies of microfinance and how it often destroys more lives than it saves. This book is an insider's account of the ill-effects and problems of microfinance.