Q: How can young people prepare themselves to make a positive impact on the world?
A: "Read a lot," according to Bill Gates.
Q: What should they read?
A: The Coddling of the American Mind (and 7 other books).
https://t.co/apbnZkWR7i
@glukianoff
Over the past 10 years, I've watched over 250 YouTube videos on quantitative finance.
And the truth is, 99% of them were a complete waste of time.
But these 8 are worth more than a 4-year degree:
OK... so today @jam_croissant and I want to tackle the topic of Central Banking...and who better to ask than @josephwang - who sat at the Open Markets Desk at the center of the dollar system as its ultimate and infinite provider of $$$$$
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https://t.co/gBT7VePCbb
1/
Protecting ourselves from inflation
Over the last few weeks, I've been asking myself:
IF high inflation is here to stay, what are some ways we can insulate ourselves from its impact?
Here are some thoughts:
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So don't be hesitant to give people those experiences or have them yourself.
While it is important to be clear to people about what they are doing well, it is even more important to point out their weaknesses and have them reflect on them. (2/4)
You've heard the expression "no pain no gain." Psychologists have shown that the most powerful personal transformations come from experiencing the pain from mistakes that a person never wants to have again--known as "hitting bottom." (1/4)
Yesterday (Apr 18) was Tax Day in the US.
In 2021, a couple could have made up to $105.9K, and still owe ZERO in Federal income taxes — IF their income came entirely from investing (ie, Dividends + Capital Gains).
Another reminder that America is kind to investors!