David Tepper grew up poor in Pittsburgh, Pennsylvania and had the desire and drive to become rich from a young age. He merged himself in learning and education and wanted to graduate from college in three years to not only save time but money. Tepper started trading during college to pay for his tuition. He […]
From Day Trader to Billionaire – David Tepper’s Strategy Read More »
Oil supply and demand Even though the United States is the world’s biggest producer of oil it still uses more than it makes requiring imports of oil. The world currently uses approximately 100 million barrels of oil a day, the U.S. produces about $18.8 million barrels a day in 2022 up from 2021. However the
The Worst Oil Crisis In 40 Years Has Started Read More »
Deep value investing is quantifying the stocks that are the greatest value per share in the market at any given time based on their low share price versus the minimal value of the business. These are the stocks that are the best asymmetric bets with a minimal downside left but that could multiply in share
The Deep Value Investing Formula Read More »
You can’t master the markets as no one knows the future or can predict what millions of traders and investors will do today or tomorrow. The best we can do is master our own behavior in disciplined execution of our own system. The majority of new traders look to find consistency making money from one
10 Principles For Trading Consistency (Trading Psychology) Read More »
The richest man in the world is a serial entrepreneur. Elon Musk has spent his whole life building businesses from scratch, the early ones he sold and the latest ones he has kept. His record for creating companies is staggering in quantity, scale, and magnitude. What companies has Elon Musk created? His first business building
How to Create a Company: Elon Musk’s 5 Rules Read More »
Up Charlie Munger worked with Warren in Buffet’s grandfather’s grocery store in Omaha, Nebraska. Munger earned $2 for ten hours of labor in the 1930’s before he went off to college. He’s originally from Omaha and left to attend the University of Michigan to become a meteorologist in the army during World War II. He
Current Charlie Munger Portfolio 2022: Q2 Update Read More »
Roth IRAs and traditional 401K accounts are designed to enable people to save money in investment accounts by offering tax advantages. These retirement accounts were meant to replace the defined employer pension plans of the past. With a pension plan an employee received a defined payment every month from their employer based on years of
Becoming a Millionaire: Roth IRA vs 401K (What makes the most profit) Read More »
Becoming a millionaire doesn’t happen randomly or by accident, there are specific skills that enable millionaires to build their net worth. A self-made millionaire is someone who has the skills to build a stock portfolio, real estate portfolio, crypto portfolio, or business that’s worth seven figures. This type of success doesn’t happen by accident and
11 Skills that Millionaires Master Read More »
There are many levels of personal finance with the lowest levels being broke, being deeply in debt, and bankrupt. Being bankrupt means you can no longer pay your debts and must seek the courts protection and settle with your debt collectors. Being deeply in debt means that all your earnings go to debt payments each
Reasons Why Most People Are Broke (Must Read) Read More »
There are rules for making money, losing money, holding on to money, and growing money. There are principles for practicing medicine or law and a framework of rules for success, the same applies to finance. There are strategies for winning at sports or in business and there are also ways to win at money. Here
The 20 Rules of Money Read More »
