Review: Wake up and smell the coffee!
Rating: 5 out of 5
Date: 12 19, 2013
This book is a shot of espresso: it's a direct injection of some hard truth that fly's in the face of the dogmas which many of us have been taught in school.Are markets really rational? Does anyone actually understand what it means to invest their money? And how does our own perception of rationality and markets affect their very performance?This book questions much about what we take to be the truth, and exposes flaws which are found in the very foundations of truth. Joel Nelson covers a lot of ground, from challenging the principles used to create certain ratios and metrics, to questioning the validity championing extroverted personality types: "Paradigm shifts, whether in art of sciences, come from the fringes of society, never from within the established system. Finance and business is no different"."Stupid or Liar" is definitely a conversation starter, and captures the zeitgeist of our time well since we are now at a cross roads where we will choose to continue the ways of the past, or take a good hard look at our lives and move forward in a new way.