I have just started making my way through the Shah of Shahs by Ryszard Kapuscinski and I came across the following passage – The concept of oil expresses perfectly the eternal human dream of wealth achieved through lucky accident, through the kiss of fortune and not by sweat, anguish, and hard work. In this sense,…
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It is not surprising that a broker gets things wrong after all it is almost their default state. What is more annoying is that their error is parrotted by so many others who fail to do a simple bit of due diligence. At the beginning of the year, Credit Suisse generates what they call their…
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In the world of finance, wealth can be easily gained and just as easily lost. Discover the thought-provoking stories of the Groupon founders, traders navigating wild market swings, and the stark realities that challenge the notion of “buy and hold.” This is a little bit of a journey into market history, so if you move…
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The story of the billionaire who wasn’t. When Charles “Chuck” Feeney first appeared on the world’s rich lists in the 1980s he had built a billion dollar business selling duty free goods to tourists. But he’d also given most of his money away to charity. BBC business editor Simon Jack and journalist Zing Tsjeng follow…
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The process of initially entering financial markets is difficult that is a given – only a fool thinks it is easy although social media does a good job of convincing people that it is simple. The process is made all the more difficult because the industry is littered with stupid homilies that don’t work and…
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“Greetings parents and congratulations to Kenyon’s graduating class of 2005. There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says “Morning, boys. How’s the water?” And the two young fish swim on for a bit, and then eventually one…
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Can you recall a time when your parents criticized you? It could be about your motivation for school or work, or a time you messed up on the soccer field. Chances are there’s a vivid memory that pops into your mind years, perhaps even many decades, later. It doesn’t even have to be over something…
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Gaps down are not the most common thing on the S&P500.
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