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hey Claude, how would a founder replicate Peter Thiel's famous Roth IRA trick with his PayPal shares today? https://t.co/GVZhMqmlGe
There is no reason to risk what you have and need for what you don’t have and don’t need.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Be Radically Open-Minded
Ray Dalio • Principles: Life and Work
“The best way to achieve felicity is to aim low,” says Charlie Munger. Wonderful.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
BLOWING UP How Nassim Taleb turned the inevitability of disaster into an investment strategy.
It explores Nassim Taleb's investment strategies based on unpredictability and risk management, contrasting his approach with that of Victor Niederhoffer, highlighting the unpredictability of financial markets and the concept of "black swans."
cpb-us-e2.wpmucdn.comSteve Birch, another of our in-house money managers, started managing money earlier. He took advantage of the roaring bull market of the late 1990s and protected most of his gains by going mainly to cash in the bear market. Between 1998 and 2003, he had gained over 1,300%.
William J. O'Neil • How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition
Know that nobody can see themselves objectively.
Ray Dalio • Principles: Life and Work
Thou shalt not depend on the kindness of strangers.