Bill Ackman is ranked as America’s 21st richest hedge fund manager with a current net worth of over $2 billion. He is ranked #391 on the Forbes 400 wealthy list. Bill Ackman is a self-made billionaire through operating the hedge fund he founded in 2004, Pershing Square Capital Management. He rose to fame for his […]
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“Compound interest is the eighth wonder of the world. He who understands it earns it, he who doesn’t, pays it.” -Unknown Why is compound interest considered the eighth wonder of the world? Here are three shocking examples of the exponential growth of compounding. If you start with capital and grow it an additional 1% everyday
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You have probably heard of the bullish 50/200 day moving average crossover golden cross or the the bearish 50/200 day moving average cross under death cross which is a long term trend signal on charts, especially for the major stock indexes. These signals are even mentioned on financial news networks when they occur in real
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In 1996 two professors studied a sample of millionaires in the United States to understand the path that took them to a million dollar net worth. The results were very surprising as their path and lifestyle was very unexpected. They did not find millionaires who inherited their wealth but earned it their self. They weren’t
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Here is a stock market game that Danny Merkel @ChartingTrends shared on Twitter this year. This is a card game that simulates the importance of position size and trading through sequences of wins and losses. All you need is a deck of cards. You will use all of the twelve face cards, two jokers, three
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The original stoics were members of the ancient philosophical school of Stoicism started in Athens, Greece in the 3rd century B.C. In modern times a stoic is thought of as any person who can endure mental pain and hardship without being emotional or complaining about their circumstances. This philosophy can create a good mindset for
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The book Rich Dad, Poor Dad is one of the best selling personal finance books of all time. It is so popular because it explains the principles of how the wealthy think versus how the middle class think. It’s an easy and enjoyable read as the author tells the story of growing up with his
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This is a guest post from Tino @tradersreality of tradersreality.com. My day to day routine, involves various activities that must be completed within a certain time frame, otherwise when things roll over, there is a good chance I will start to become lackluster in each task I have set myself to complete throughout the day. Once
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This is a guest post by Katherine Rundell. Anyone who keeps an eye on the market knows that knowledge is power. So when you’re not actively trading, if you’re looking to maximize the return on your investments you need to keep your hand in by following the latest market trends and learning about how veteran
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Theta Gang is the slang for being a member of a group of other option writers with the mindset that selling premium is a preferred strategy than buying options. They are short Theta by selling option contracts as their strategy to profit from option buyers as time value decays and the option eventually expires worthless.
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