investment
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“Price is what you pay. Value is what you get.”
— Warren Buffett
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Roaring Kitty Live Stream – June 7, 2024
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Trading Psychology: Definition, Examples, Importance in Investing
“The performance of a trader’s portfolio is linked to the investment decisions made, which are in turn affected by the trader’s emotions, subjective inclinations and mental processes. Investment decisions may be arrived at through the use of fundamental analysis, involving use of data from a company’s financial statements and regulatory filings, along with data on economic conditions. Alternatively, technical analysis, may be employed for decision making, involving the use of historical market price and volume data. Regardless of the type of data used, biases (subjective prejudices), and heuristics (unconscious mental shortcuts and patterns), can affect an individual’s collection and interpretation of data. This can impact decision making and result in errors in judgement, potentially leading to suboptimal portfolio performance.”
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Exposing The Myth Of Decentralization In The Crypto Industry
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The Shame of Poverty
Robert Walker
CHAPTER
1 The Origins of Poverty
This chapter argues that more attention should be paid to the psychosocial dimensions of poverty and notably to shame experienced as a result of living in poverty. Such shame is internally felt but structurally imposed by social institutions and by people who are not poor. Shame associated with poverty is painful, constrains human agency, and may contribute to the persistence of poverty. The chapter explains that poverty is a political construct and traces its origins to the writings of Confucius in China, to the Vedic culture of ancient India, and to philosophers and politicians in the ancient Graeco-Roman world. These ideas have been carried forward and only partially transformed by the vectors of religion and ideology including Christianity, Islam, Hinduism, Confucianism, and secularism. Poverty has almost invariably been construed as a policy problem and very often as a consequence of the personal failings of the people affected by poverty.
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Law of Supply and Demand in Economics: How It Works
The law of demand posits that as prices rise for a given resource, product, or commodity, demand declines; conversely, as prices fall, demand increases. On the supply side, the law posits that as price rises, producers supply more of a resource, product, or commodity; as prices fall, so does supply.
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“The first rule of a happy life is low expectations. That’s one you can easily arrange. And if you have unrealistic expectations, you’re going to be miserable all your life.”
— Charlie Munger
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Charlie Munger’s advice on investing and life choices that make a person wealthy
RIP