Curious about getting into the stock market and found this. Anyone have a pdf of this or something? Says it's only 95 pages. Thinking of buying this if nobody else has a pdf and uploading it for shits and giggles lmao
this post was submitted on 26 Sep 2024
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i have a friend with a kindle unlimited that i borrowed and read this a couple months ago when someone else posted about it.
it is 100% ai generated drivel. don't waste your money.
wow, thanks for letting me know. Would you know of any actual well written books that cover this kinda topic?
There isnt such a thing as marxist investing lmao
yes there is; investments like buying guns to arm your antifascist and red guard friends; putting money in strike funds and bail funds; buying books (or printer paper and ink) to help comrades engage in theory and host study groups or print agitprop material to distribute and poster...
but yeah "marxist stock-trading" is an oxymoron. You are being the opposite of a communist; you are becoming a petty capitalist contributing to subsidizing the big capitalist's exploitation of labor, in exchange for dividends off of generated profits ie exploited surplus value created by labor; and trying to leverage other petty and big capitalists' confidence in the stability and growth of profits to sell for higher than you bought.
Aside from it being contradictory on its face to "stock-trade like a communist", I'd feel dirty as hell if I spent time and effort using the tools of liberation that are dialectical and historical materialism to analyze the confidence-game ponzi-scheme that is capitalist stock market and gamble on stocks(which again, the value and its fluctuation comes from real and expected profitability; that is, the surpluses and stability of growth of these surpluses that can be expected to be vampirized from exploited labor) rather than on exposing the most critical points of contradiction and agitating and organizing their rupture to the benefit of the communist movement.
The entirety of "this kind of topic" is selling the book to people who want to learn to make money, thereby making the author money and leaving them with no incentive to give actual advice.
The stock market is basically gambling and designed to serve the bourgeoisie. Better to read theory than books on "how to make money".
i don't. the gist of the book -- and i'll emphasize again that "gist" is all there is because it's ai generated drivel -- is that if you consider the material basis of the value of companies when making investment decisions, you'll probably come out ahead against people who are swayed by the empty promises of vaporware. start by reading actual theory, even something short like wages, price, and profit and just apply that to whether you think a company will be worth investing in, and it'll be a better use of your time.
And even that is abdominal advice.
The stock market often is counterintuitive to material analysis.
Tesla is the highest valued car company in America.
Games top is a hot stock because a bunchnof nerds figured out mass market manipulation, they're brilliant material analysis was to start selling nfts, somehow their stock remains high.
sure, it depends on what your goals are. if i recall correctly, the book even has a section on fictitious capital that's formatted as 5 paragraphs with an introductory paragraph and conclusion paragraph and 3 paragraphs in the middle of restating a few definitions of fictitious capital and how marxist investors need to take this in to account when making investment decisions.
that's only if you're looking at it from the perspective of a prole looking at use-value and what "makes sense" from a sensible grounded point of view. If you fully accept the ass-backwards spackle and tape superstition that capitalist economy operates on, where it is just one big confidence game and ponzi scheme; then using dialectical materialist and historical materialist analysis within that framework can absolutely bear fruit. That does not mean under any circumstances this is what it should be used for. I would bully a friend if I found out they were vulgarizing materialist liberation philosophy for such shameless petty-bourgeois ends.
case in point; they figured out the ways that markets can be manipulated without any real basis; because the stock market as it exists and has existed for a long time is all one big confidence game and ponzi scheme at the end of the day. They had a real materialist analysis of the situation, they just have no principles nor have it attached to any ideology or ethos beyond printing more money from nothing because they figured out they can do it, just as Musk and these other dipshits can do it.