BoA – Throw Out Your Old Economic Texbooks

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Rupert Hargreaves
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The money multiplier and velocity of money are two metrics that used to be highly informative measures for economists to monitor a country’s level of economic growth. Goldman Sachs’ Favorite Books List – Options/Derivatives The velocity of money or income velocity of money is the frequency at which the average unit of currency is used to purchase newly domestic produced goods and services. The money multiplier measures the maximum amount of commercial bank money that can be created by a given unit of central bank money. As the central bank prints money, the money multiplier measures how much broader money aggregates…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk