#201: Nat Eliason – How he got a book deal and why traditional publishing is great

In 'The Psychology of Money,' Morgan Housel delves into the psychological and emotional aspects of financial decisions. The book consists of 19 short stories that illustrate how personal history, worldview, emotions, and biases influence financial outcomes. Housel emphasizes the importance of behavior over knowledge in managing money, highlighting the power of compounding, the dangers of greed, and the pursuit of happiness beyond mere wealth accumulation. He advocates for a frugal lifestyle, long-term perspective, and a balanced approach to investing, stressing that financial success is more about mindset and discipline than about technical financial knowledge[2][3][4].

In 'Going Infinite', Michael Lewis delves into the life of Sam Bankman-Fried, the enigmatic founder of the failed cryptocurrency exchange FTX. The book provides a psychological portrait and a financial roller-coaster ride, tracing Bankman-Fried's trajectory from becoming the world's youngest billionaire to his eventual downfall. It covers topics such as high-frequency trading, cryptocurrencies, effective altruism, and the justice system. Despite criticism for its sympathetic portrayal of Bankman-Fried, the book offers a fascinating insight into the complex world of cryptocurrencies and the character of its central figure.

Crypto Confidential is Nathaniel Eliason's unfiltered account of his experiences in the hyperactive and highly speculative world of cryptocurrency. The book chronicles his journey from learning to code to becoming a key developer in a token valued at billions of dollars. It exposes the behind-the-scenes workings of the crypto market, including bull runs, breakdowns, scams, and the intense emotions and high stakes involved. Eliason's anecdotes are both entertaining and instructive, providing valuable insights into the warning signs of disaster in the crypto market and how to be a more educated participant[1][2][5].

Atomic Habits by James Clear provides a practical and scientifically-backed guide to forming good habits and breaking bad ones. The book introduces the Four Laws of Behavior Change: make it obvious, make it attractive, make it easy, and make it satisfying. It also emphasizes the importance of small, incremental changes (atomic habits) that compound over time to produce significant results. Clear discusses techniques such as habit stacking, optimizing the environment to support desired habits, and focusing on continuous improvement rather than goal fixation. The book is filled with actionable strategies, real-life examples, and stories from various fields, making it a valuable resource for anyone seeking to improve their habits and achieve personal growth[2][4][5].

The Harry Potter series, written by J.K. Rowling, follows the journey of Harry Potter, an orphan boy who discovers he is a wizard. The series spans seven novels, each corresponding to one year of Harry's life at Hogwarts School of Witchcraft and Wizardry. Harry, along with his best friends Ron Weasley and Hermione Granger, navigates the magical world, confronts various challenges, and ultimately faces off against the dark wizard Lord Voldemort, who murdered Harry's parents and seeks to dominate the wizarding world. The series explores themes of friendship, love, and the struggle between good and evil.

In 'Million Dollar Weekend,' Noah Kagan provides a step-by-step guide on how to turn ideas into profitable businesses within a short timeframe. The book focuses on overcoming fear, creating value for customers, and validating ideas quickly. Kagan shares his personal experiences and real-world examples to illustrate how to start and grow a business efficiently. The book advocates for action over excessive planning, encouraging readers to test their ideas with minimal investment and scale based on real feedback. It also addresses the psychological aspects of starting a business and offers practical advice on automation, marketing, and achieving financial freedom.

The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. The book takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems to modern government debt. It explains the operation of Bitcoin as a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, allowing users to perform traditional monetary functions without relying on authorities or physical infrastructure. The book also explores common questions surrounding Bitcoin and its potential as a store of value and a network for final settlement of large payments, challenging government monopolies and offering a vision of money extricated from politics and borders.

Published in 1971, 'Fear and Loathing in Las Vegas' is a novel written by Hunter S. Thompson, presented as a blend of journalism and fiction. The story follows journalist Raoul Duke (Thompson's alter ego) and his attorney, Dr. Gonzo (based on Oscar Zeta Acosta), as they embark on a trip to Las Vegas to cover the Mint 400 motorcycle race. However, their assignment quickly devolves into a chaotic and surreal journey fueled by a variety of recreational drugs. The novel critiques American society, consumerism, and the failure of the 1960s counterculture, while also exploring the concept of the American Dream. The narrative is characterized by its blurred lines between reality and fiction, reflecting Thompson's signature Gonzo journalism style[1][2][5].