How To MAKE Money on Wine

Curious about how Uber and Airbnb grew from seedlings to internet juggernauts?

The Upstarts covers the history of Uber and Airbnb, from their founding in 2008 to present day of 2016. Learn how each company started as just a side project, gathered momentum, and grew exponentially throughout the world. Learn how neither Uber nor Airbnb was the first idea of its kind, but through strategy and will, they came to dominate. Also learn how Uber and Airbnb attracted the ire of government, incumbents, the collaterally damaged, and its own customers.

Nearly 40% of Americans rely on side hustles to supplement their incomes as inflation has outstripped wages. While extra earnings provide a financial cushion, side hustles can negatively impact work-life balance and health.

When VICE reporter Allie Conti tried to book lodging in Chicago through Airbnb, things didn’t go well. She investigated and found a network of scammers on the platform—but little interest from Airbnb in getting rid of them.

Have you ever wondered how the economy works - how millions of individuals can buy and sell goods and services without a master coordinator? Have you wondered why we use money, rather than bartering our services with each other? Why do some nations prosper, while others stay poor despite vast natural resources?

Basic Economics by Stanford economist Thomas Sowell is an incredibly useful, broad introduction to economics. Containing no math, it instead communicates intuitive principles that will help you understand how market transactions work and the effect of policies on the economy. Understand how prices for goods are set, why rent control has bad side effects, and the purpose of brand names.

Charlie Munger is Warren Buffett’s long-time partner at Berkshire Hathaway. Content to being the lesser known of the two, Munger is no less impressive. Bill Gates says that Charlie Munger “is truly the broadest thinker I have ever encountered,” and Buffett calls him the ideal partner who is “both smarter and wiser.”

Poor Charlie’s Almanack is a collection of Charlie Munger’s best advice given over 30 years, in the form of 11 speeches given as commencement addresses and roundtable talks. He covers a wide range of topics, including rationality and decision making, investing, and how to live a good life. You’ll learn why Charlie considers multidisciplinary learning vital to success, his checklist for investment criteria, and how to build a trillion dollar company from scratch.

To the outsider, the world of investing can seem daunting to enter—if not outright impossible. But according to investment professional Howard Marks, anyone can learn the basics needed to invest successfully.

In his 2011 book The Most Important Thing, Marks outlines the key tenets of his approach to investing. He argues that the best approach for investors is value investing, which involves determining securities’ intrinsic value and purchasing below it. To practice it successfully, you must learn the nature of market cycles to find opportunities for purchasing mispriced securities, while also learning how to mitigate the risk entailed by investing.

In this guide, we’ll outline the fundamentals of value investing, discuss market cycles and how they’re useful to the value investor, and analyze the common mistakes that often leave investors exposed to unnecessary risk. Throughout the guide, we’ll also examine recommendations from other investors that supplement—and occasionally challenge—Marks’s investing wisdom.

In The Simple Path to Wealth, blogger and financial expert JL Collins offers a simple road map to achieving financial independence and a secure retirement: Spend less than you make, avoid debt, save “F-You Money,” and invest in stock index funds. He demystifies stocks and bonds, as well as a plethora of investment plan options. In addition to explaining basic concepts such as asset allocation, Collins answers key questions such as how to live on your investments and how to avoid major tax hits.

Whether you’re in the wealth accumulation stage of life where you’re growing your investments, or in the wealth preservation stage where you’re living on them, Collins tells you how to use your money to achieve freedom and a more fulfilling life.

A massive bestseller now in its 12th edition, Burton Malkiel’s A Random Walk Down Wall Street provides a comprehensive and entertaining introduction to the world of finance. Malkiel leverages his experience as an academic economist and former Wall Street portfolio manager to explain for the lay reader the intricacies of security analysis, asset valuation, and investment theory. He also offers a wealth of practical investment principles that will be useful for novice and seasoned investors alike.

In Beating the Street, famed mutual fund manager Peter Lynch explores how ordinary investors can outperform the market—and the pricey Wall Street fund managers who assemble stock portfolios—through hard work, diligence, and persistence in picking the right stocks to build a winning portfolio.

In this guide, we’ll explore Lynch’s strategy by which non-professional, individual investors can beat the pros, looking at:

• Why bonds, despite their reputation as a low-risk investment, offer poorer returns than stocks over the long haul
• Why it’s crucial to do your homework and understand everything about the companies you’re investing in
• The importance of being patient, persistent, and willing to endure the inevitable short-term losses that come from investing in the stock market

Throughout the guide, we’ll supplement Lynch’s insights with investment advice and perspectives from other investors and financial experts. We’ll also provide some historical context for Lynch’s ideas and explore how the investment world has changed since the book’s publication in 1993—and how those changes might affect today’s investment strategies.