Duan Pienaar

Your only limitation is the one you set up in your own mind! CA(SA) by day. Sport and animal lover. Married to @Es10_Cronje and enjoying life one day at a time!

[betraidx @betraidx]

A broke Italian gambler in 1560 wrote a short manual on how to win at dice. Nobody in finance read it for four hundred years.

The nine-trillion-dollar insurance industry runs on his equation.

His name was Girolamo Cardano. The book was called Liber de Ludo Aleae. He scribbled it in Milan to settle a card debt. Every dollar of premium ever collected on Earth is a footnote to that scribble.

Nobody connected the dots until 1996. A ninety-year-old man in New York wrote a book called Against the Gods and traced every modern risk model back to Cardano's manual. Wall Street called him the historian of risk.

His name was Peter Bernstein. In 2008 a small production company filmed him for thirteen minutes. He walked through the entire five-hundred-year arc. Cardano to Pascal to Fermat to Black-Scholes.

Then he stopped and said the industry had built glass towers on the back of an idea a broke gambler scribbled to shave the house edge.

He died the following summer. Age ninety.

There are only four ways to make money. Labor. Capital. Arbitrage. Insurance. Insurance is the oldest and the least visible. Every actuary on Earth still prices catastrophe risk with Cardano's framework.

The video is thirteen minutes long. Free on YouTube. Twenty-nine thousand people have watched it.

[RealHousewifeOfMichigan @RealHousewifeMi]

My husband got a bonus today…. Literally hit our account this morning.

It isn’t a huge bonus but enough to get a couple of things caught up/paid off and do something with the kids.

He just came in for lunch and our fridge stopped working at some point. He still has to look at it.. but doesn’t have high hopes he can fix it.

I’m not sure whether or not to be grateful we have a little extra right now to replace it or be pissed off.. because as soon as we have it - out it goes, and I have to let go of my plans.

Also maddening is the fridge is only like 5 years old, but conveniently out of the warranty period.

I’ll have a pity party now and be over it tomorrow. 🥹

[Duan Pienaar @Duan001]

@sweatystartup This looks like the Cape Winelands. Just outside Stellenbosch.

[Duan Pienaar @Duan001]

@JamesBruce131 @Mindsetfx In SA he would have to buy the stock in trust from the get go. Moving it from his name to trust at a later stage would trigger a taxable event (Capital Gains Tax).

[Duan Pienaar @Duan001]

@Mindsetfx How does the dad move the stock from his name, into a trust, without triggering a taxable event?

[Duan Pienaar @Duan001]

@TraderSumo1 @koningkarell Definition of bullish trend: Higher highs and higher lows without losing support of the previous swing high (i.e. holding the level gained) @TraderSumo1

[Duan Pienaar @Duan001]

@BoucherNicolas Break-even

[Duan Pienaar @Duan001]

@finessee_Fx EOB

[Duan Pienaar @Duan001]

@tradertheory @TraderSumo1

[Duan Pienaar @Duan001]

@TritonTrades CISD

[Duan Pienaar @Duan001]

@BojanRadojici10 Microsoft

[Duan Pienaar @Duan001]

@YourCFOGuy Send

[Duan Pienaar @Duan001]

@YourCFOGuy Send

[Duan Pienaar @Duan001]

@BoucherNicolas Free template

[Duan Pienaar @Duan001]

@itsdonvo Trader

[Duan Pienaar @Duan001]

@AndreBothmaTax Forget the haters. All the best with your new venture. Will be rooting for you!

[Duan Pienaar @Duan001]

@AndreBothmaTax Yes, we need street smart entrepreneurs who understand how to manage their cashflow and how to grow sales/revenue at the same time

[Duan Pienaar @Duan001]

@WealthLesson Send

[Duan Pienaar @Duan001]

@iamwillcannon Send

[Duan Pienaar @Duan001]

@StraightLineAd GP