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rss21 Ways Rich People Think Differently
1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.
2. Average people think selfishness is a vice. Rich people think selfishness is a virtue.
3. Average people have a lottery mentality. Rich people have an action mentality.
4. Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.
5. Average people long for the good old days. Rich people dream of the future.
6. Average people see money through the eyes of emotion. Rich people think about money logically.
7. Average people earn money doing things they don’t love. Rich people follow their passion.
8. Average people set low expectations so they’re never disappointed. Rich people are up for the challenge.
9. Average people believe you have to DO something to get rich. Rich people believe you have to BE something to get rich. (more…)
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Great Traders: Five Distinguishing Features
* Everyone is wrong in the markets at times. The difference between the great traders and the unsuccessful ones is in how long they stay wrong.
* Addictive traders get high from action; great traders get high from mastering markets–and mastering themselves.
* Great traders do their best work when they are not trading; unsuccessful traders do not work when they are not trading.
* Every loss of discipline is a self-betrayal; great traders are true to themselves and stay disciplined as a result.
* Great traders focus on the two things they can always control: when they play and how much they bet.
Billion Dollar Day – A 1986 documentary about currency (forex) speculative trading -Video
This Anti-Wall Street Film Isn’t Just for Michael Moore Fans
Independent filmmaker Danny Schecter would like to remind Wall Street that the disdain for bankers “is not coming from a bunch of lefties in some basement in the East Village. It is coming from mainstream America.”
Schecter hopes such mainstream angst can propel his latest film, “Plunder: The Crime Story of Our Time,” into the big leagues. Filmed on a budget of less than $50,000 and based on his book of the same title, the movie traces the roots of the financial crisis from the home owners who defaulted on their mortgages to the Wall Street banks loading up on mortgage investments.
The film sounds like the many books and made-for-television movies about the crisis. But Schecter, who has worked at ABC News and CNN, promises that his narrative is different because it approaches the subject like a crime story, not a mere financial story. (more…)