Things with which South African laws are exceedingly generous about are things that ‘sending’ countries are quite guarded about. This is a glaring example of the accountability discrepancy with which South Africa is confronted. The challenge remains for South Africa to find novel ways by which it can act in its own rational self-interest. Other nations have stricter integration policies, while South Africa offers extensive rights.
@EducNurture
In 1986 a guy got kicked out of every casino in Vegas for counting cards. So he flew to Hong Kong with $180,000 and started betting on horses instead. He walked away with almost $900 million.
It's Bill Benter. He figured horse racing was just another counting problem. Same math, more moving parts.
He and a partner showed up with $180k and a computer. Benter spent years teaching that computer to guess one thing, the real chance each horse had to win. If his number was better than the odds the bookies gave, he bet. If not, he skipped it.
That's the whole trick. Expected value.
EV = p · b − (1 − p)
Only bet when your win chance p, at odds b, is worth more than your chance of losing.
This recording was never meant to be some hidden gem. Nobody expected Professor Tsitsiklis to hand the whole foundation away in 45 minutes, but that's exactly what happens on the board. Students in that room pay over $80,000 a year to sit through it. It's free right here. It's free right here.
Every quant, every professional bettor, every hedge fund analyst started with this exact hour. Benter just watched it and actually did the homework.
Almost nobody knows this lecture even exists. Watch it before it gets taken down.
The answer is in this video.
🔴 ICYMI
You might think he's bluffing but his not,Poverty in townships and Squatter camps is at this level, people us any means necessary to survive the harsh conditions the ANC has put black people😭😭
BREAKING NEWS | The UN General Assembly has overwhelmingly backed an African-led campaign to change the way the continent is represented on world maps. The "Correct the Map" resolution was passed by 164 votes to one, with six abstentions. The United States was the only country to vote against the text.
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.
🇿🇦🇿🇦🇿🇦 Tongaat Hulett executives are accused of fraud involving R3.5 billion, allegedly looting funds in a scandal that contributed to massive job losses.
For perspective, the VBS Mutual Bank scandal involved roughly R2 billion.
So why isn’t the Tongaat Hulett case receiving anywhere near the same public attention? 🤔
R3.5 billion is not pocket change. It’s a number that should make headlines.
Booking Tony Robbins today costs $1 million for a single day. this is a 21-minute tape from inside his own house, filmed over 30 years ago, where he breaks down exactly how to get anyone to say yes. same $1 million material. completely free.
this is a rare, unfiltered tape from decades before this man started charging billionaires just to be in the room with him.
people give you two excuses when they say no, he says. not enough time. not enough money. neither is true. the real reason is they don't believe it's worth it yet, and that's not a money problem, that's a state problem.
so he teaches something he calls attack and confess. instead of arguing with the objection, you confess your own. "I had a chance to go to this thing six months ago and I didn't go until two months ago," he tells the room. "I can't even imagine the time I lost." the room goes quiet. nobody argues back.
he calls it getting someone on the yes train. every small yes you get compounds into the next one, until saying no to the final ask feels harder than saying yes. by the time he asks someone to sign, he says, they've already agreed to it five times over without realizing it.
21 minutes. that's all it takes to walk away knowing the exact two moves people pay $1 million a day to learn: how to read anyone's state, and how to move it. most people spend years in sales guessing at this. he wrote it down on a flip chart in his living room in under half an hour.
a seat in that room cost $125 back then. today it's a $1 million-a-day to sit in front of him.
The tape is free right now, and the answer is in this video.
One man turned $20 million into $14 billion in thirteen years. he retired at 46. then he walked into the National Press Club and explained the entire method to a room of journalists. for free. the fund industry has spent thirty years pretending nobody recorded it.
his name is Peter Lynch. he ran Fidelity's Magellan Fund from 1977 to 1990. 29% a year. every year. when he started, the fund had $20 million. when he left, it was the largest mutual fund on earth. over a million shareholders. then he quit, walked away from billions in fees, and never managed outside money again.
the first thing he says is the one rule Wall Street will never teach you. if you cannot explain to a ten-year-old in two minutes why you own a stock, you should not own it. he says 80% of people who own stocks cannot do this. then he explains why the number has not changed in thirty years.
he did not use algorithms. he did not use quant models. he found stocks at the mall. at the grocery store. in his own neighborhood. he made more money on Dunkin' Donuts than on any sophisticated trade. the most boring companies with the simplest products, bought by a man who actually used them.
the part nobody repeats: he says individual investors have a structural advantage over every institution on Wall Street. the funds are forced to follow rules that you are not. when they panic-sell, you benefit. when they cannot hold a small position, you can. he said this to a room full of financial journalists. not one of them ran the story.
your financial advisor charges 1% of everything you own every year to underperform a method a retired fund manager gave away in one hour. there are 5,000 mutual funds competing for your money. the man who beat all of them told you exactly how. thirty years ago.
the lecture is 61 minutes. it has been free since 1994. the people charging you to invest are hoping you never find it.
Las grandes universidades te venden 5 años de formacion para conseguir un trabajo de $45.000/año
Stanford acaba de publicar gratis la habilidad que te paga $750.000/año en OpenAI o Google
Lo mejor de todo es que dura menos de 2 horas
Guardalo en favoritos para no perderlo 🔖
man spends 50 years teaching at MIT. He knows his time is running out. So he records one last lecture everything he knows, distilled into a single hour. He died 5 months later. This is that lecture. The most hour you'll watch this Bookmark it for later! @adityakatre01
Malcolm Gladwell literally gave a 1-hour masterclass on why some people succeed and others don't and it will completely change how you think about talent, effort, and success.
INSTEAD OF WATCHING NETFLIX TONIGHT. Spend 2 hour with this.
Claude AI FULL COURSE that teaches you how to BUILD and AUTOMATE anything.
The people who watch this tonight will wake up tomorrow with a new skill. Watch it and bookmark it now.
Cc : Respective Author