Supermoney: What it Takes to Create a Great Salesperson

Claro y consiso

This book explains a lot about the sources of inequality. Just as banks loan out 10x the money that they take in from depositors, giving them enormous financial leverage, any public company - or even any company with a plausible hope of going public or being acquired at a high premium - is able to pay its employees in what this book calls Supermoney, valued sometimes at hundreds of times the value of the currency available to companies living purely in the ordinary world of exchanging goods and services. I wrote a long chapter on this topic in my own forthcoming book (entitled WTF: What's the Future and Why It's Up to Us.) While that's a big extension of what Adam Smith says here, and in many respects, this book is dated, it provides a fundamental tool for understanding the economy and what has gone wrong with it. Highly recommended.

One of the great financial authors on top form. Up there with "The Money Game". God knows why that's not on Kindle too.

I enjoyed the read, the first 1/3 in particular was enjoyable.Eventually Adam Smith must have got bored and just wanted to ramble whilst name dropping - last 1/3 was boring.

A little bit different than the investing books I typically read but it was entertaining. I especially enjoyed the section of the book that included Smith's meetings with Warren Buffett