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The Money Game (1968) By Adam Smith

Adam Smith is a pseudonym: this book was penned by a successful professional investor called George Goodman, who is also a broadcaster and author. This is a real insider’s account of the way money markets and trading work. The most helpful way of understanding markets is as a sort of a game: taken deadly seriously but contentless, in the way that games are. Goodman mentions Keynes’s observation that investment is intolerably boring to anyone who lacks a gambling trait in their character. It’s very funny, very fluent, very well-written and a real professional’s…

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