“Inflation is a very serious subject, you can argue it’s the way democracies die.” – Charlie Munger Charlie Munger goes on to explain the political dangers of hyper-inflation running too high in a country. “What brought in Hitler was the combination of the Weimer inflation, where they utterly destroyed the savings of the middle class […]
“This is How Democracies Die” Charlie Munger’s Warning Read More »
There are seven financial sins that will keep you broke. Taken to excess they can even make you poor. Broke is a state of mind while poor is a condition of poverty. Broke is being deeply in debt but still getting a $8 coffee while being poor is not being able to buy groceries when
The 7 Financial Sins: You Will Be Broke If You Do These Things Read More »
The traditional way to see how much of a mortgage payment you can afford is to take your monthly income and multiply it by 0.28. So if your monthly income was $5,000 this formula would say you can afford a $1,400 a month house payment. So someone with a $60,000 annual income could afford a
How Much House Can You Afford? (The 3-30-10 Rule) Read More »
Emotions are the natural instinctive state of mind created internally as a reaction to your circumstances, derived from your mood, or arise based on interactions in relationships with friends, family, or strangers. These are feelings and different from logic, thinking, or knowledge. Emotions are messengers to your nervous system on how to react to a
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Selling short a stock reverses the normal order of buying it and then selling it. Selling short means to sell something you don’t own. When hedge funds and large players sell a stock short they borrow the stock from their broker and sell it to a buyer in the marker. They then owe the broker
Short Squeeze Stocks List (November 2022) Read More »
Fear is an unpleasant emotion caused by the belief that there is danger that is likely to cause pain, or a threat. In trading, this can be a financial threat of loss or mental fear based on the ego. The fear is based on the belief in the probability of a future event happening. There
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Mark Cuban was a hustler from a young age and his first experience with entrepreneurship was buying a lot of garbage bags from his dad’s friend for $3 a box and reselling them for $6 a box door to door. He had the world’s first and only door to door garbage bag subscription service. He
How Mark Cuban Turned His First Million Dollars Into A Billion Read More »
Andrew Huberman Ph. D., is a neuroscientist and tenured Professor in the Department of Neurobiology at the Stanford University School of Medicine. Here is the advice he gives for developing billion dollar habits in life, business, health, and relationships. “Set three or four habits that you want to create for yourself. so find six habits
The Billion Dollar Routine You Can Copy Read More »
Everyone knows Warren Buffett is one of the richest people in the world and the greatest investor of all time. What few people know is that he is also a master of his personal finances. He is an unusual billionaire as he has always enjoyed intellectual pursuits over material possessions. He prefers simplicity and an
15 of Warren Buffett’s Smartest Frugal Living Habits Read More »
Patience in trading is the ability to wait to take action until it’s the right time. Ego, impulses, boredom, and greed, can overcome a traders resolve and cause them to take action too soon or too much. Patience is the ability to follow a trading plan in real time with discipline and focus. Discipline is
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