There was a great question at one of the Berkshire Hathaway shareholder meetings years ago The question asked by Berkshire shareholders was: “Good morning, Mr. Buffett and Mr. Munger; my name is Steve Yates. I’m from Chicago. I’m a Berkshire shareholder, and this is my sixth year attending this meeting. Thank you for all your […]
Warren Buffett Recites a 600 B.C. Investment Equation Read More »
Here are ten companies in the capital goods field: Caterpillar Boeing General Electric John Deere Honeywell International Siemens AG United Technologies Bechtel AECOM Fluor Producing the tools and equipment required for other industries to run, the capital goods sector is crucial to the economy. Producing other commodities and services requires the utilization of capital goods,
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Practicing Frugal Wealth The Art of Frugal Wealth The idea of frugal wealth challenges the traditional definition of what it means to be affluent. Frugal wealth is about leading a financially comfortable life without needless ostentation instead of associating wealth with luxury and indulgence. It’s a way of thinking that places a higher value on
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From the end of 1950 to 1960, Warren Buffett achieved his best investing career results, with his returns averaging approximately 50% a year. His approach then was different than now, as he could operate on a small scale as an individual investor. These returns happened as he had just left Benjamin Graham’s mentorship and was
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Are you dreaming of becoming a millionaire but feeling like your low salary is holding you back? It’s a common belief that you must earn a high income to build wealth and achieve financial independence. But the truth is, it’s possible to become a millionaire on a low salary – you need to have the
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Money and currency are terms often used interchangeably but refer to different concepts. Money is a medium of exchange, a unit of account, and a store of value. It facilitates transactions between parties and can take various forms, such as coins, paper bills, and even electronic transfers. On the other hand, currency is a specific
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Successful people are often thought of as go-getters who are constantly on the move, juggling multiple tasks and responsibilities at once. But what sets them apart from the rest is their ability to manage their time and use it to their advantage effectively. Time management is crucial in helping individuals achieve their goals and reach
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Inflation is a fundamental concept in economics that refers to the general increase in prices of goods and services over time. It’s closely monitored by central banks worldwide and is considered a key indicator of economic health. While some see inflation as a natural byproduct of economic growth, others claim it’s the biggest scam in
Inflation: The Biggest Scam In The History Of Mankind (Hidden Secrets Of Money) Read More »
During times of inflation most physical asset classes go up in value. Overall the rich most benefit from inflation as they tend to own the highest share of assets as a financial class of people. Many times the rich also use debt for leverage and inflation also depreciates the monetary value of that legacy debt.
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As I have studied successful people across different areas like business, investing, and sports over the past 20 years some repeating patterns have emerged. Successful habits can be learned, modelled, and repeated to give you an edge in your own career, business, or industry. There are ten habits that all successful people share from all
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