by elmads Introduction I’m a strong advocate of personal finance and investing. While it is an area and field where we always talk about money, not all advocates of this think about and live for it 24 hours a day. I actually don’t blame others if they think that such Read more
by elmads Introduction Investment is a word widely used in the financial world. It is a word that automatically corresponds with money. But what if I told you that investing is not just about money? that it can also be used in other aspects of our lives. Let’s define investing, Read more
by elmads Introduction “Bubbles, bright as ever HopeDrew from fancy – or from soap;Bright as e’er the South Sea sentFrom its frothy element! … See!—But hark my time is out —Now, like some great water-spout,Scaterr’d by the cannon’s thunder,Burst, ye bubbles, burst asunder!” — Thomas Moore In the modern English Read more
by elmads Introduction “You have to understand the past to understand the present.” -Carl Sagan A lot of financially successful individuals always share with everyone the importance of investing in assets that have value and will appreciate over time. They say that it is a prudent and strategic path to Read more
by elmads Introduction Markets are gathering places for people to trade. People with different personalities and interests transact in one place, or in today’s world, it is the digital investment market via the web by using investment platforms. Despite our individual differences, there is still one commonality among all market Read more
by elmads “Ultimately, there’s one investment that supersedes all others: Invest in yourself (1), nobody can take away what you’ve got in yourself (3), and everybody has potential they haven’t used yet (2).” -Warren Buffett “Invest in yourself…” “Invest in yourself” you’ll always get to read and hear those words Read more
by elmads Introduction “There is something magical about running: after a certain distance, it transcends the body. Then a bit further, it transcends the mind. A bit further yet, and what you have before you, laid bare, is the soul.” -Kristin Armstrong I’ve been intentionally running for health purposes since Read more
by elmads Introduction This is a hypothetical question that some would think as a useless exercise. I couldn’t blame them because this a highly impossible scenario to happen, but what others don’t actually see is what lies beneath this question. It delves deeper into our own personal money decision making Read more
by elmads Probabilistic Thinking “If you don’t get this elementary, but mildly unnatural, mathematics of elementary probability into your repertoire, then you go through a long life like a one-legged man in an ass-kicking contest.” -Charlie Munger Everyone of us has been doing probabilistic thinking since we were young, and Read more
by elmads “The more models we have, the better able we are to solve problems. But if we don’t have the models, we become the proverbial man with a hammer. To the man with a hammer, everything looks like a nail. If you only have one model, you will fit Read more