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Buckeye06
Ohio State Fan
Member since Dec 2007
13681 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
I'd be willing to try this out.

Undergrad in Econ, work in commercial litigation writing expert witness reports on a wide variety of topics. Right now doing some stuff on EB-5 and judicial corruption

Am a non practicing attorney too.

I like to go from serious to non serious books quickly so I won't do every book


conservativewifeymom
Maryland
Member since Oct 2012
4945 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
Had no idea a Book Board existed.

I'm interested. B.S. in Marketing & Economics, Masters in International Management. Some experience teaching business and econ to middle and high schoolers.

I should add that I was born and raised in Romania and left the country when it was still a Communist 'paradise.' Thus have some experience living and experiencing reality in a communist economy.

Looking forward to it!
This post was edited on 6/4 at 6:32 am


RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
Glad to have you aboard. Perhaps we could layer in some non-serious reads as well, or feel free to participate every other book, etc. I don't hear many people mention EB-5. I've been involved in some developments that tried to utilize EB-5 financing. We were always on the supplier side, not the development side, so we were always watching from the outside hoping the developers could pull it off. It's a very interesting program, to say the least. It always seemed like it was primarily used by the Asians who needed to park cash overseas and as a secondary benefit would like the U.S. visa.

I assume that's the program you're referencing? If so, it's an interesting economics topic for sure.
This post was edited on 6/4 at 11:38 am


RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
Great to have you. My wife and I have been nearly everywhere in Western Europe but haven't ventured over into Eastern Europe yet. That emerging capitalist status set against the backdrop of a communist past makes for a fascinating case study though. My father has spent considerable time in Romania and has always been very fond of the Romanian people. I've also done business with Lithuanians and always found they bring a certain level of sincerity and humility to the business world that is often lacking amongst the traditional Westerners. I think drilling down some into Eastern Europe, who actually seem to be taking a tougher stance on some of today's biggest problems compared to their Western European peers, would lead to some timely conversation.


Willie Stroker
LSU Fan
Member since Sep 2008
6270 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
I've never participated in a book club, but I'm open to new experiences and this one appeals to me.

I could probably give 5-7 hrs per week, though I can probably contribute efficiently with fewer hours of new reading as a result of having already read a couple dozen books on the topic.

Count me in.


RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
Alright, looks like we have enough interest to proceed. I've edited the first post to reflect the diversity of backgrounds we have represented here and think this will be a really great group. Obviously, others can join as they want, but I propose we go ahead and get an initial book in the hopper and begin putting the schedule together. These are what have been proposed so far:

- Something from Thomas Sowell (Basic Economics, maybe?)
- Economics in One Lesson by Henry Hazlitt
- Anyone have anything else?



RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
Welcome. I thought we'd start at an intermediate level and adjust from there as needed. Let us know if anything suggested you've already read or if you have any suggestions of your own from already having explored much of the topic. Will be good to have someone of a more advanced level in the group to push the boundaries of the conversation.


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Willie Stroker
LSU Fan
Member since Sep 2008
6270 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
quote:

Something from Thomas Sowell (Basic Economics, maybe?)


Though i've read this one, I think it's a good start.

It might be tempting for someone else to suggest a start with one of the classics, but Sowell covers much of the classics in a very readable format.

Basic Economics is a very long read though, perhaps an introduction of the topic at an intermediate level might be better served with Sowell's Applied Economics. It helps make the case for why the study of economics is relevant for everyone to better understand human decision making.



RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
That's a good suggestion. Let's let that marinate for a bit with the group and see what kind of feedback we get.

Everyone ok with starting with Economics in One Lesson or Thomas Sowell's Applied Economics?
This post was edited on 6/4 at 2:17 pm


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Buckeye06
Ohio State Fan
Member since Dec 2007
13681 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
Yea that's what I'm talking about. And yea it's some Chinese guys, I mainly do fraud cases so you know where that's going.

I think we could start simple and maybe do something like the smartest guys in the room with Enron? Maybe people have already read it though


RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
I've not read it. Fine starting there though. Something light and easy to get things going feels like the right approach. I imagine the pendulum will swing quite a bit from wonky to more mainstream titles that read more like a novel.

I'll give everyone, say, the rest of the day to weigh in with suggestions and then we'll vote and (depending on the selection and whether people need hard copies shipped, etc.) target a Monday the 12th start date. Anything from Amazon shouldn't take more than three or four days to arrive and of course no time if delivered to Kindle, so I think this target will work. And the Economics in One Lesson is available free online so no travel time needed there either.
This post was edited on 6/4 at 3:08 pm


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conservativewifeymom
Maryland
Member since Oct 2012
4945 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
Thank you for the gracious welcome! I would love to start with the Sowell book, if it suits the rest of the group.


Old Money
New York Yankees Fan
Miami
Member since Sep 2012
17854 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
I''m down. I'd enjoy to learn more and discuss topics with others


RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
You mind sharing a bit about your background so we can update our group statistics? It doesn't need to be anything too personal and of course should be entirely anonymous.
This post was edited on 6/4 at 4:38 pm


RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
Welcome. Feel free to share some background info (education, profession, stance on fiscal/economic issues) etc. This will help guide us a bit.


RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
We need to get Doc Fenton in here as well.


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Buckeye06
Ohio State Fan
Member since Dec 2007
13681 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
This is a pretty good representative group

Also the Enron book may be less strictly economics and more fraud/accounting


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The Baker
This is fine.
Member since Dec 2011
11796 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
Can I nominate Benjamin Graham?

This post was edited on 6/4 at 4:42 pm


RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
I'm a value investor and Graham acolyte. We will definitely be mixing in some finance here and there.


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RedStickBR
LSU Fan
Member since Sep 2009
12439 posts

re: Economics Book Club (EBC): Book 4 Starts Aug 21 (The Smartest Guys in the Room)
Which Graham book are you interested in? I will add it to our inventory.


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