People who know me personally probably imagine that I read all the time. That’s partially true — most of the free time I get to have I spend either listening to an audiobook or reading one on iPad (or paper — it’s not dead yet).
From a last few books I’ve finished, a couple were related to money:
Psychology of Money by Morgan Housel
When Money Dies by Adam Fergusson
I love combining several books at the same time, as ideas seamlessly move from one to the next. All our lives most of us are worried about money — will we have enough, will I leave some for my retirement, will my family have the means? So living in the world where hyperinflation happened (I lived through one in Russia, where prices increased 8X in a year), and is likely to happen again, opens up deep question — what to do?
Is crypto a real "inflation hedge”, or just a last-minute game of musical chairs on the Titanic? Is hyperinflation possible in the US or Canada, which enabled QE to an unprecedented degree in 2020 and 2021, doubling the money supply in just a year?
There are no definite answers to this, other than lumber-themed memes.
Engaging in deep thinking, and powering through books on hyperinflation or frugal living helps me answer this question for myself — what the world would look like if the prices doubled? Tripled? Would I change my choices? Would I want to make specific hedges to pre-empt this? Let’s talk about this in the next post.
I’m starting this ‘stack to post weekly about musings of technology, startups, money, NFTs, building business in Asia. Ping me on Twitter, or just subscribe — ✌🏼
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