In 'Devil Take the Hindmost,' Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world. The book covers various financial bubbles and crashes, including the tulip scandal of 1630s Holland, the South Sea Bubble of 1720, the railway mania of the 19th century, the crash of 1929, and more recent events like the dotcom bubble and the Japanese bubble economy. Chancellor explores how human psychology and financial practices have led to repeated cycles of speculation and financial instability over the centuries.
This book is a classic in the realm of stock market literature, detailing the life and trading experiences of Jesse Livermore, a legendary trader, under the pseudonym 'Larry Livingston'. It explores Livermore's journey from his early days in 'bucket shops' to becoming a prominent figure on Wall Street. The book highlights the importance of understanding market psychology, the dangers of overtrading, and the need for discipline and independent analysis in trading. Despite being written nearly a century ago, its lessons on market dynamics and human nature remain relevant today[2][3][4].
DC Investor is an investor... living in Washington, DC. Makes sense. A lot makes sense about DC Investor and his practical, long-term approach to the crypto markets. He has worked hard for his money, and expects his money to work hard for him in return.
With one of the best and varied NFT portfolios out there, as well as a sound thesis on ETH the asset, DC clues us in on his guiding principles and life lessons from a career as a W2 employee and crypto investor.
There's a reason DC has been on Bankless five times.
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------ Topics Covered:
0:00 Intro 4:00 DC Investor 9:36 Interest & Speculation 14:45 Risk Management 20:07 Conviction & Communities 26:58 The Crypto Moment 33:58 Early Internet Skills 41:53 Tech Changes Society 46:56 Investing, not Trading 53:04 Markets 1:00:30 NFTs and Signalling 1:09:58 Gaming 1:14:15 Digital Economies 1:19:16 Hobbies & Lifestyle 1:23:10 The Hoffman Personality Quiz 1:27:45 Closing
------ Resources:
DCInvestor on Twitter https://twitter.com/iamDCinvestor?s=20 DC's NFT Collection http://gallery.so/dcinvestor DC's Newsletter https://dcinvestor.substack.com/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
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