Cheating doesn’t pay. Volkswagen has lost €33bn in market cap since scandal over falsifying emissions becoming public
Latest Posts
rssProminent German magazine's front cover
95% of Loser Traders -Must see This FACT
Characteristics of Successful Traders
If only this game was as easy as Buffett makes it sound…
Thought For A Day
All Cryptocurrencies = $100 Billion Dollars
Last year, Bitcoin became more stable than gold, and earlier this year, the price of a Bitcoin surpassed that of an ounce of gold for the first time. Currently, all the bitcoin in the world is worth $41 billion. If that amount is hard to grasp, just think of it as one Larry Page – because $41 billion also happens to be the net worth of the guy who co-founded Google with Sergey Brin.
Is it that there is lots of money in the world at $84 trillion? Is Bitcoin relatively cheap? Are all Cryptocurrencies actually worth $100 billion dollars?
Regardless, here is the graphic — let me know if you can decipher its precise meaning . . .
Our Trading Mantra
JOHN KENNETH GALBRAITH ON STOCK MARKET MEMORY LOSS
Where else but in the markets can short term memory loss be both beneficial and profitable?
John Kenneth Galbraith, an economist, says the financial markets are characterized by…
“…extreme brevity of the financial memory. In consequence, financial disaster is quickly forgotten. In further consequence, when the same or closely similar circumstances occur again, SOMETIMES IN A FEW YEARS, they are hailed by a new, often youthful, and always extremely self-confident generation as a brilliantly innovative discovery in the financial and larger economic world. There can be few fields of human endeavor in which history counts for so little as in the world of finance.” [emphasis mine].
5 Behavioural Errors of Investors
