Forget Blockchain — investors might want to consider putting their money into LEGO blocks, which appreciate faster than even gold, according to a recent study. Researchers at Moscow’s Higher School of Economics found retired LEGO sets appreciated in value 11 percent annually from 1987 to 2015 — more than gold, stocks or bonds. LEGO sets…
After watching the Beatles: Get Back sessions, Cameron Abadi was inspired to dive deeper into the economics of the Beatles versus the Rolling Stones with Adam Tooze. So, rock lovers rejoice, that’s what you’ll get in the second half of Ones and Tooze this week. But first, Tooze and Abadi dig into the heated online debate over price controls.…
Like most people, I can get behind the idea of being rich. Filthy rich. Ideally right now. And if that’s due to a lucky YOLO bet on a stock going to the moon then so much the better. The problem is I’d have to be very lucky. Because I don’t even make those bets. No, I dutifully punch my…
In this article, I’d like to share 30 “one-sentence stories” about building better habits. (They are not all exactly one sentence, but they are very short.) None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book…
The future is often uncertain and after the unprecedented times we’ve had over the past two years there are many pinning hopes on 2022 being the year it all turns around—but will it? Yahoo Finance asked Manifestor Linda Willow Roberts for her thoughts on what the New Year will look like. More here – Yahoo Finance PS: My thoughts…
In the second chapter of Mark Twain’s The Adventures of Tom Sawyer the protagonist is in a spot of bother. He has been involved in another scrap and as punishment is tasked by Aunt Polly to spend his precious Saturday whitewashing ‘thirty yards of board-fence nine feet high’. It seemed that a bleak day lay ahead for…
For those who feel they have heard everything. Saudi authorities have disqualified 43 camels from the King Abdulaziz Camel Festival in what’s being called the biggest-ever crackdown on camel beauty contestants in history, the Associated Press reported. The annual month-long festival sees the most beautiful camels competing for $66 million in prize money, with jurors scoring…
If things had gone just a bit differently, James Howells might today be as rich as the Queen of England. The decisive moment, he now thinks, occurred one evening in August, 2013, when he was twenty-eight and at home with his family in Newport, a small city on the Welsh coast. Howells and his partner,…
Two things have prompted me to post this. The year is drawing to a close and it is interesting to see where the big moves in commodities have been. The agricultural sector has lead the way. Apparently gold went up 0.03% last night which caused my Linkedin feed to light up with people once again…
Was that it? It feels ridiculous to ask, given that at the lows of last week, the peak-to-trough decline in the S&P 500 was just 5.2%. It feels ridiculous to ask, given that at the lows of last week, the market was still up 21% YTD. But it is a reasonable question, given that stocks have aggressively…
WHILE MOST PEOPLE have likely never heard of loss aversion, the concept — arising in the social sciences some four decades ago — is among the most influential in the behavioral sciences. In a nutshell, it holds that when people make decisions, the impact of losing something carries greater weight than the impact of gaining something of…
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