Speculative Market Manias, Booms and Busts | Winton
Winton
'Nature has never produced a more convincing demonstration of the triumph of life over death than these shabby, down-at-the-heel, despised old trees', somebody once wrote of the mulberry tree. Yet at one stage speculators could not keep their hands off its wart-ridden skin, and were willing to pay fortunes for a single stump.
What financial information do you wish was more commonly known? - Bogleheads.org
Bogleheads
the power of compounding interest. It's been said that those that understand it earn it, but those that do not, pay it. also how buying stuff doesn't make you happy. it's fleeting. It's the anticipation, not the acquisition that fires up the old neurons in the brain. everybody's selling something.
