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“I would recommend Sapiens to anyone who's interested in the history and future of our species” – Bill Gates
A book that is highly recommended by some of the most high-profile founder/CEOs and investors globally, is a fascinating look back at how and why we ended up being the dominant species on Planet Earth. It is far more than just a history lesson into our earliest days, rather it places emphasis on the how and why of certain important decisions, influences, effects & technological improvements that have occurred (and others that didn’t) which created perpetual ramifications for us all. No doubt there are elements of the investing concept of ‘Random Walk Theory’ that have resulted in modern day human society.
What can investors takeaway from this book? It is certainly not your traditional book on investing, with plenty of content not related to the topic at all. However, the earliest days of financial markets are covered off in this book and they show parallels to today’s markets when it comes to investor mentality. From the Mississippi Bubble through to the GFC and even the 2022 tech bubble crash, one thing that appears to stand the test time throughout history is the impact of investor psychology in the formation of asset bubbles. The reminder of the impact of human influence may prove a useful mental note for current and future volatile investing periods.
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