Risk Management — Sharpe Ratios & Asymmetric Bets
Before proceeding: As the Ultimate Financial Encyclopedia, we present comprehensive perspectives on all major investment...
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Before proceeding: As the Ultimate Financial Encyclopedia, we present comprehensive perspectives on all major investment...
I. Introduction: The Gold Standard of Capital Allocation Berkshire Hathaway is not merely a company—it is a living textb...
I. The Nature of Value: Why Does Money Exist? To understand the history of money, one must first dismantle a common myth...
I. Introduction: The Silent Tax Inflation is often defined as "a general increase in prices," but for the generational w...
I. Introduction: Defining the Units of Wealth In common parlance, an "asset" is anything you own that has value, and a "...
I. Introduction: From Merchants to Masters The House of Medici (Casa de' Medici) was more than a political dynasty; they...
I. Introduction: The Eighth Wonder of the World Albert Einstein famously called compound interest "the eighth wonder of...
I. Introduction: The Power of the Lever In physics, a lever allows a person to move a weight much heavier than their own...
Do not handicap your children by making their lives easy. You have generated the capital (Part 2) and built the legal fo...
"Success is getting what you want. Happiness is wanting what you get." — Dale Carnegie We have arrived at the end of the...
There is a reason this proverb exists in almost every culture on Earth. In Scotland, they say, "The father buys, the son...
You will never get rich renting out your time Most financial advice tells you to save money. That is advice for staying...