Link of the week and book review

I just finished reading "The ascent of money: Financial history of the world" by Niall Ferguson.  This is a very good book if you want to know why money is money and hy it has become what it is today. It also gives good advices of you want to make some... and keep it.

After reading this book the financial world will appear in much more perspective to you and you'll understand that the world has always lived financial crisis and the govnement have always salvaged its protagonists.  Therefore the subprime crisis of 2008 is no special on kind nor in scale of what ever happened before.  It is just that us humans we have a very short memory.  And we have a tendancy to think that or time is better or worst than anyone else.

But it also brings this view:  That crisis are not so rare.  And that it is never the end of the world as we know it and the markets always finish by recovering.  Then one who is patient... and liquid during such crisis can take advantage of it and make a whole lot of money.

Strategically speaking this is brilliant.  Just wait for people to crash and burn in panic.  And when they're at the bottom.  You buy.

But I made a nice discovery today.  If you are of the kind that is interested in money, the economy and all.  But not really attracted in reading such a book... Rejoice!  For the entire Niall Ferguson's book has been made as a four hours documentary hosted by Niall Ferguson himself.  Very good watch I recommand it.  I recommand both.  Read it first then solidify your knowledge with the documentary.

Here is the link: The ascent of money.