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In the rapidly changing field of finance, where emotions sometimes outweigh rationality, base rate investment provides a fresh viewpoint. This method, based on the notion of the ‘base rate fallacy’, enables investors to make judgments based on broad knowledge, minimizing the potential risks of responding to particular short-term influencing information. Let us first try to …
The book ‘The Millionaire Next Door’, based on actual interviews, demonstrates that many millionaires’ daily lives are far from the caricature of luxury automobiles, homes, and private aircraft. Even so, this book debunks the myth that achieving the status of millionaire is tough. According to the author, everyone may learn not only how to become …
We may encounter certain years that are notable for geopolitical turmoil and the ensuing broad economic chaos, or inflation and the consequent interest rate rises, or layoffs resulting in a significant downturn, or all of these factors culminating in some financial system failures. The following are a few crucial financial lessons to remember when we …