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The national mints generally sell to wholesalers who sell to dealers who sell to individuals, which can result in a fairly high mark-up at the retail level. So while there are advantages to owning well-recognized forms of bullion like gold eagles or maple leafs (for example, they often are easier to sell), our advice is to get the most metal for yo
... See moreJohn Rubino • The Money Bubble
Jeff Park • The Radical Portfolio Theory
New is overvalued relative to great.
Ray Dalio • Principles: Life and Work
For the unprepared, meeting John Neff can be a "disaster." Those who meet Neff's standards appreciate thatJohn answers his own phone ("Neff!"), and he always gives as good as he gets, or better, in both information and insight. Neff's rigorous discipline in "doing his homework" has one important consequence: His portfo
... See moreJohn Neff • John Neff on Investing
An Allocator's Manifesto: Setting the Stage
Invest mainly in passive, diversified, low-cost securities. Exchange traded funds (ETFs) are the retail investor’s best friend. They provide passive diversification and transparent risk.
Scott Galloway • The Algebra of Wealth: A Simple Formula for Success
I don’t like to label myself anything. I’m the dumbest guy in the room and happy to stay that way. Then everyone else can fight. I can listen and learn. Politics is a Scam – Why I Will Never Vote Again I had five seconds to make the secretive most powerful man in the world like me so I could potentially make millions. “James,” Bill McCluskey said t
... See moreJames Altucher • I Was Blind But Now I See
Economics 101 teaches that trading is rational only when it makes both parties better off. A baseball team with two good shortstops but no pitching trades one of them to a team with plenty of good arms but a shortstop who’s batting .190. Or an investor who is getting ready to retire cashes out her stocks and trades them to another investor who is j
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
The biggest secret in venture capital is that the best investment in a successful fund equals or outperforms the entire rest of the fund combined.