Considering that I personally know a bunch of people who repeatedly beat the markets, this is not very convincing. But I personally just HODL since I don't have time or inclination to trade.
What's the most scientifically well-founded introduction to finance/practical money handling? Looking for a textbook with strong focus on robust empirical results, not fancy sounding theory or economists a apriori models.
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I second Malkiel’s A Random Walk. For startups: 0 to 1 by Thiel. Related:: https://onlinelibrary.wiley.com/doi/full/10.1111/0022-1082.00130 …: “In particular, managers who attended higher‐SAT undergraduate institutions have systematically higher risk‐adjusted excess returns.”
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Personal business making, investing etc. Global stuff is less interesting because it's mostly dubious stuff.
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"Personal finance" is a bit of a scam IMO, as a regular guy you cant really do anything that will make a difference. Either put your money in an index fund or accept that you will need a professional approach.
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Sure, but I wasn't asking about books on how to choose which index fund to put money in, but on DATA heavy science on how to run a business, decide which startups to invest in, that sort of thing. But only if heavy on empirical data, most of these books are awful.
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There is no textbook for that.
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