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Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance
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Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance

3.91  ·  Rating details ·  191 ratings  ·  18 reviews
Being successful in the modern world of finance requires a more in-depth understanding of our global economies on a macro level. What does a shifting demographic cycle mean? How does the explosive growth of emerging markets matter? Why does the world's population affect my portfolio? Does the global monetary system impact my results this year? How does government intervent ...more
ebook, 256 pages
Published July 8th 2014 by St. Martin's Press
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The Good
This book has plenty of helpful information. Roche does well to explain what money is and how the economy works. He uses straightforward language. The examples are simple and approachable.

The Bad
My biggest criticism is that the book it is very repetitive. There are only a few ideas and they get repeated for 200 pages. I understand the need to reinforce certain ideas for readers who are new to the subject, but Roche goes beyond that.

At times, he uses the same sentence or quote multiple ti
Peyton Stever
May 18, 2014 rated it it was amazing
Crossposted from The Astrosocialist.

Here at the Astrosocialist we generally focus on the future. But part of being able to speculate cogently about the future is having an understanding of the past and present. It is with that in mind that I picked up Pragmatic Capitalism by Cullen Roche. My Review is after the break.

Cullen Roche is a finance guy who got disillusioned with Wall Street (proof enough that he is not a greed obsessed psychopath) and retreated
May 24, 2015 rated it it was amazing
this is a good book on macroeconomics. the author made a sincere point about how we should look at investing (which is merely allocations of savings).

the best investment that we'll make is on ourselves and not on stocks etc. Investments in stocks should be viewed more as an allocation of savings than as an investment. And with it, the objective changes.

there are a few things that the author mentioned that I'll be exploring
the first three chapters of this book was really easy to get into with relatable examples provided. however, as i continued reading, it got increasingly repetitive which made it quite boring. the best parts were chapters 1-3 & 6 imo. chapters 9 & 10 were summaries - which would be helpful for future reference, I guess. but, seeing how long it took me to read this, I don't think I'll have the urge to pick this up again. ...more
Etienne OMNES
May 27, 2019 rated it really liked it
Ce livre est une introduction et une vulgarisation de la macroéconomie à l'usage de tout investisseur (comprenez: boursicoteurs) qui voudraient rentrer dans le milieu étrange de l'économie, dont tout le monde parle sans jamais définir les mots et le fonctionnement. On y parlera de dynamique économique, de politique monétaire, et plus basiquement des mythes qui entourent le fonctionnement de l'économie actuelle.

La chose que j'ai le plus apprécié est l'immense humilité qui est dans ce livre: bien
Paolo Aguas
Jan 30, 2020 rated it really liked it
I do not know much when it comes to financial activities (such as saving, stock market, investment, etc.) but what I really like about this book is that it really simplifies a lot of these things and does its best to make as understandable as possible.

At first when I bought this book from a discount shelf I decided to give it a go without knowing what exactly is the book about (I mean it could be a financial book which it was or it could have been a political book) and I can say that I have no
Fotis Koutoulakis
Mar 30, 2021 rated it really liked it  ·  review of another edition
Shelves: economics, investing
The nice thing about this book is that it’s extremely informational (chapter 7 and 8 are very good).

The bad thing is that the book is also in desperate need of a good editor. Some of the earlier chapters are very badly written. If it wasn’t for this sin, this book would have been a 5 stars book for me.
Dec 05, 2020 rated it it was amazing  ·  review of another edition
Excelente libro!

Si necesitas entender cómo en realidad funciona el sistema monetario actual, en especial la Reserva Federal, éste libro es lo que necesitas. Específicamente el capítulo 7.
Patrick Voigt
Jan 05, 2020 rated it did not like it
Content is just okay - pretty basic, nothing insightful. The writing, however, is atrocious and overwhelms any basic knowledge that might be learned from reading the book. Do yourself a favor and go read something else.
Joao Silva
Feb 01, 2021 rated it liked it
A bit repetitive but outlines an overview of macroeconomy and how the economic machine works in a clear way.
Sep 02, 2020 rated it really liked it
This book explains how capitalism works. It describes macro aspects and breaks myths about the economy and money.
Jan 14, 2018 rated it it was amazing  ·  review of another edition
Shelves: economics
Excellent. A clear explanation of the high-level structure of the US financial system. Directly addresses several persistent myths and misunderstandings.
Aug 08, 2014 rated it really liked it  ·  review of another edition
Understand the System (reality) as it is, not as it should be or as we want it to be

This book is really three books in one:

1.- Investing basics and common behavioral biases
2.- Popular myths and misconceptions.
3.- Monetary System

For those who often read Roche's blog you will be familiar with some of the ideas and concepts on this book. And for the rest I'm positive it will give you a different and fresh perspective about several topics.

Here are some of the myths, misconceptions and other topics t
Sid Johnson
Oct 26, 2015 rated it it was amazing
This book is an outstanding explanation of how the monetary system and financial markets work. Should be required reading for anyone who spouts an opinion in public about the Fed or economic policy. A plethora of myths are done in with lucid facts and rationale, including those perpetuated in B-schools. If you wonder why the monetarist rationale you were given in Econ 101/201 has failed in the predicted inflation (given quantitative easing) since 2008, this book will help you understand. Cullen ...more
Aug 26, 2014 rated it it was ok
Shelves: economics-etc
I wanted to read this book mainly for Cullen Roche's ideas about endogenous money and some of his advice for investors. That is what I take away from this book. People should really learn the distinction between allocating savings and investing, because I feel the confusion between the two concepts is responsible for bad lawmaking, especially in fiscal policy. The endogenous money chapter is very useful for economic-textbook writers, who should really ditch the money multiplier myth and the 'inf ...more
Taymour Siddiqui
It has some good investing advice and an interesting approach to investing and saving that was useful for me. But I think this book falls short in it's goal which was explaining why macroeconomics and big picture concepts matter to the investor. He tries to tell us what he thinks is important about finance and economics but not how or why it is important. I left without a good understanding of how the concepts explained in the book will help me or are relevant. He is also very repetitive, repeat ...more
Diego Cortes
Aug 02, 2015 rated it really liked it  ·  review of another edition
Instructional and practical.
Gary Morris
Oct 23, 2014 rated it liked it
Shelves: business
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“Modern money is not necessarily a physical item or something with intrinsic value but is merely a medium of exchange and a record of account.” 0 likes
“Closet indexing is mimicking an index fund and charging a fee in excess of that charged by a correlated index, even though the fund is not adding any value.” 0 likes
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