Fear is a defensive emotion meant to protect you from mental, monetary, or physical harm caused by the belief that a person, thing, situation, or place is dangerous or a threat. Fear is a warning sent to your nervous system to trigger your fight or flight response as a reaction to the threat. Your body […]
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A study was conducted in 1998 at Columbia University by professors Claudia M. Mueller and Carol Dweck where they took a large group of fifth graders and separated them into two groups to complete puzzles. After solving the puzzles one group of children were told they did so well because they were so smart, the
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3x+1 Concerning the above math problem, Paul Erdös said that “Mathematics is not yet ripe for such questions.” He also offered $500 USD for its solution. Jeffrey Lagarias said in 2010 that this math problem: “Is an extraordinarily difficult problem, completely out of reach of present day mathematics.” Richard Guy has this on his list
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“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” – Charlie Munger Most people focus on what they need to add to their life to become rich, what may be even more important is what needs to be
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Stoicism is the philosophy of the acceptance of circumstances as they are and not what we wish they were. Stoicism is the art of not indulging in unhelpful emotions. Stoics are pragmatists that see no purpose in dwelling in negative emotions like regret, jealously, and worry to name a few. Stoics don’t cry over spilt
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Day trading is a serious endeavor that shouldn’t be taken lightly. As a day trader you are competing against professionals, algorithms, and large trading firms for profits in the markets. If you hope to make money you will need to operate like a business and not like a gambler. Success in day trading will require
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“I was working at a financial firm in New York City with a bunch of very smart people and I had a brilliant boss I much admired. I went to my boss and told him I was going to start a company selling books on the internet. He took me on a long walk in
“I Got Rich When I Understood This.” – Jeff Bezos Read More »
Self-confidence is the feeling of faith and trust in your own abilities, skills, experience, and judgment. It’s the belief that you’re good enough to accomplish the task before you. It’s believing in yourself. People can have different levels of self-confidence in different areas of their life. You may have complete self-confidence at work but have
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I have always been an avid reader as I love learning new things. I especially love learning life changing information that can improve my life. One of my early thoughts about reading can be summarized in this way. If you’re broke, read 5 personal finance books. If you’re unhappy, read 5 books on the art
Reading Changes Your Brain, Let Me Explain Read More »
In 2019, 69% of respondents polled said they have less than $1,000 in a savings account compared with 58% in 2018. [1] No doubt, this has grown even worse in recent years with the pressures of inflation and the increasing cost of living. So what is the best ways to save a meaningful amount of
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A skill is something you do well. Skills can come naturally and they can also be developed through learning, experience, and creating feedback loops to learn how to improve in an area. How much you earn at a job depends on your skill set and how well your employer can monetize it in their business.
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Self-discipline is the ability to control your actions through inner will power regardless of your emotions and impulses. It’s the skill to overcome the temptation to violate your inner principles. Self-discipline enables you to pursue your goals, follow your own ethics, and be the person you want to be. Someone guided by self-discipline uses their
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Habits are reoccurring behaviors that are virtually on autopilot. Habits compound in returns and can set you on your life trajectory. Everyone has habits and they can be either good or bad they can lead to success or failure. Habits require little to no thought and once they are embedded in your daily routine they’re
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1. Start the day with critical work. Elon Musk generally starts his day at around 7 a.m. and begins by answering all his emails so he unblocks others waiting on his replies and feedback. He tries not to be a roadblock in the path of productivity for his employees. Musk believes it’s crucial to focus
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Success is defined primarily as the accomplishment of an aim or purpose. Success is achieving our goals, but what really leads to success in life? We must also consider success in the context of the complete picture of all areas of our life, like health, relationships, peace of mind, passion, purpose, and also finances. A
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Warren Buffett is not only one of the wealthiest people in the world but also one of the most successful in all areas of his life. Let’s look at all his successes in life. Wealth: His current net worth is $108.2 billion. Health: He’s a healthy 92 year old, still works full-time, thinks clearly, and
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In this post we are going to take a look at the Berkshire-Hathaway portfolio holdings by stock, sector, and industry managed by Warren Buffett that were reported in the 13F filing to the SEC for the 3rd quarter ending on September 30, 2022. Warren Buffett continues to oversee and manage the Berkshire-Hathaway portfolio at age
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Dr. Michael Burry is the legendary investor that runs the Scion Asset Management hedge fund. He became famous through his inclusion in the best selling book “The Big Short” by author Michael Lewis that was also made into a blockbuster movie. Dr. Burry was played in the movie by Christian Bale and his character was a
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At least $1 billion of client funds are missing at failed crypto brokerage firm FTX, some sources say it could be as much as $2 billion but the exact numbers are not known yet as the investigation and bankruptcy proceeds. There were many bad signs and people questioning the FTX business model and even questioning
FTX Massive Crypto Fraud Just Got Worse Read More »
FTX is a centralized cryptocurrency exchange that facilitated the trading in derivatives and leveraged products with a focus on all major cryptocurrencies founded by Sam Bankman-Fried, who was also their CEO before resigning this week. FTX was one of the most popular crypto exchanges and spent millions on advertising through influencers on YouTube and also
FTX Collapse Explained Read More »