The world of summarized
Finance is I hold, an intellectual perversion of what began as warm human love.
Our definition highlights the inter-temporal dimension of all investments. The benefit of today’s investment is at a future date. The delay can be short for some investments (speculative investments, for example) or long for others (business investment, for example).
The process of democratization began in the 1600s with the establishment of “joint-stock companies” like the Dutch East India Company. These firms marked a watershed development in the modern corporate model, in that managers...
Some of the common blunders millionaire entrepreneurs make stem from the nature of the personality of the typical small-business owner. Entrepreneurs, by definition, believe in their own abilities and have the willpower to take...
Warren Buffett is a genius stock investor. His stellar track record estimates the launch of his legendary holding company, Berkshire Hathaway. Buffett got his start investing on behalf of family and friends. In 1956,...
Financial insecurity is one of the crucial sources of anxiety in contemporary life. People dream of having the “peace of mind” of knowing that they can meet their needs and supply some comforts for...
The emotions you feel surrounding – and generated by – your perceptions of money form how you deal with it. You may act in ways that make no long- or short-term sense. Conventional education...
Many financially savvy Americans regard debt with deep misgiving. Credit card balances and payday loans are losers’ games, according to financial experts like Dave Ramsey and Suze Orman. This advice is correct as far...
You may plan to quit work and enjoy a carefree retirement in the future,. paying your expenses as an older person with no regular salary or income can be a challenge. You may be...
Steve Eisman appears on the very short list of people who both saw the financial crisis of 2008 approaching and earned money on it. A graduate of yeshiva day schools, the University of Pennsylvania...
Iceland became a surprise entrant into the economic bubble that blew up spectacularly in 2008. Iceland’s banks held only a few billion dollars in 2003, but by 2006-2007, their assets increased to nearly $150...
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