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“Generally speaking,” Erik begins, “your tournament cash rate should be around twenty, twenty-five percent. Not fifty percent.” What? I’m cashing too much? How is that a bad thing? “The way the math works is that the money is concentrated up top. The only people who really make money in this business are the ones who can make it to that final table
... See moreMaria Konnikova • The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win
But there’s only one way to stay wealthy: some combination of frugality and paranoia.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
The Investment Answer: Learn to Manage Your Money & Protect Your Financial Future
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Seth A. Klarman remarks at MIT
valuehunter.files.wordpress.comLegendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More (#651) - The Blog of Author Tim Ferriss
tim.blogThe U.S., for example, has a population of around 330 million. All but the very youngest and perhaps the very oldest are participants in the economy. Thus, there are hundreds of millions of consumers, plus millions of workers, producers, and intermediaries (many people fall into more than one category). To predict the path of th
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