Some hedge funds swear by the power of technical analysis, while others think it’s useless. Here are some quotes by two wealthy money managers as an example of contrasting opinions. “I haven’t met a rich technician.” – Jim Rogers (Estimated net worth of $300 million). [1] “I used fundamentals for nine years and got rich […]
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This blog post will explore the origins of paper money. We’ll delve into various civilizations and their contributions to the monetary world of money. I will explore the steps paper money took throughout history as the origins of exchange evolved into our modern-day national fiat currency system. Early Barter Systems: The Precursors to Paper Money
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Everyone occasionally makes financial mistakes, but some are more prevalent than others. In this in-depth article, we’ll delve into five common ways people are careless with money, offering advice on how to sidestep these traps and make more intelligent financial choices. 1. Living Beyond Their Means Excessive spending is a widespread issue that leads many
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Anger, a natural and normal human emotion, can sometimes overwhelm and lead to negative consequences. Uncontrolled can adversely affect relationships, work, and mental and physical health. Therefore, learning to manage anger effectively plays a crucial role in personal well-being and interpersonal relationships. Anger management techniques help individuals recognize their anger, understand its roots, and respond
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Renowned personal development expert Brian Tracy recently took the stage at Elite Academy to share his wisdom and expertise with thousands of eager attendees. In his presentation, Tracy outlined the 7 C’s of success – a collection of powerful principles that set self-made millionaires apart from the rest of the world. Although these concepts may
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In ancient Greece, the Spartans were renowned for their discipline, strength, and resilience. Their way of life, centered around the art of war, gave rise to a unique set of principles that fostered mental toughness. In today’s modern world, we can draw inspiration from these ancient warriors to develop our mental strength. Here are 15
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In pursuing happiness, many people focus on external factors, believing that material possessions or the right circumstances will bring them joy. However, true happiness often comes from within, and one powerful way to cultivate lasting happiness is by becoming antifragile. Inspired by Nassim Taleb’s concept, antifragility refers to thriving in the face of adversity, uncertainty,
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Do you often find yourself idle, allowing precious time to slip away? Are you yearning to boost your productivity and tackle that daunting to-do list? Rejoice, for you have stumbled upon the solution to your woes: the cure to laziness – a method that could revolutionize your life for the better. This comprehensive blog post
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The concept of a blue-collar millionaire refers to individuals who achieve financial success by starting and growing businesses in trades or industries traditionally classified as blue-collar. These businesses often involve manual labor and specialized skills. The allure of starting a blue-collar business lies in the potential for high demand, the opportunity to build a solid
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The book Trade Like a Casino by Richard Weissman first explained using the casino paradigm for trading. His book has been one of the most influential books in my trading career. Let me explain what he taught me in his book. It’s commonly thought that traders are nothing more than gamblers; this is not true
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