Learn Macroeconomics Without A Degree

As someone who initially studied finance in college to learn how to become a better investor, I am disappointed with the amount of knowledge I came away with after 4 years of studying and debt accumulation. To become a good investor, you need to understand finance, accounting, and economics. You need tangible work experience as well, which is why I think the prestige of your school is more important than what you actually study.

For those of us that want to learn new investing concepts without spending the time and money go back school, the internet broadly speaking provides tremendous leverage as I’m sure you are fully aware. However, there are a few extremely in-depth resources out there that I like to point out from time to time. The first one I will showcase is a ~30 minute video called How The Economic Machine Works by Ray Dalio, founder of Bridgewater Associates. In a layman’s terms, Ray talks about the basic mechanics behind short-term and long-term economic shifts. He also goes in-depth on how consumer credit, fed interest rates, and leveraged/deleveraged markets cause these economic cycles. I highly encourage you to watch the full video. I’ve always valued the opinion of people in industry who’ve achieved some level of success in their field over academics in the same field, but both have merit.