A billionaire sat in a room for 42 minutes and listed every psychological trick that makes people lose money. for free. the finance industry has spent thirty years pretending this recording does not exist.
he didn't sell a course. he didn't write a newsletter. he sat in a chair at 96 years old and explained why brilliant people do the dumbest things with their money. then he explained why they will keep doing it.
MBA programs charge $200,000 to teach behavioral finance. he covered 25 biases in one sitting. some of them are still not in any curriculum. he gave the entire framework away on camera.
the part nobody talks about: he called crypto antisocial. he said index funds will crush most managers. he said private equity is full of wretched excess. he said all of this in a room full of people who manage money for a living. nobody argued.
a hedge fund analyst at a top firm told me this is the first thing they send to anyone who joins the desk. not a book. not a model. a 42-minute video of a 96-year-old man explaining why you will be wrong and how to recognize it before it costs you everything.
40 million people have heard his name. almost none of them have watched him explain the 25 ways their own brain is working against them.
the lecture is free. he died the following year. it is in the video.
Punjab & Haryana High Court in a very elaborate and detailed judgement delivered today again quashes all 148 notices issued by JAO. Declares section 147A amendment as unconstitutional.
Regards
Ved Jain.
It has never been harder to make the #Forbes400 list of the richest Americans. Yet despite the high bar, 34 billionaires managed to muscle their way onto the list for the first time this year, up from 14 newcomers last year.
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Illustration: Neil Jamieson for Forbes
@IncomeTaxIndia@nsitharaman FORM 10 IEA is not working on Income Tax Website for a long time now. How do individuals with business income trying to re-enter NEW REGIME file their form and ITR?
Income tax efiling website has been down since tuesday 16/9 . Even tried today it is not working . Neither log in or payment or Pan aadhar linking. This is giving tax payers lot of anxious moments @IncomeTaxIndia
Indian bond market is expected to have a muted start to the quarter, with investor focus shifting to the RBI's stance on liquidity and rates. Despite this, market shows resilience and poised for increased foreign inflows due to global index inclusion and attractive valuations