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Avoid the Unforced Investment Errors Even Billionaires Make

The Big Picture

An instructive war story : During the mid-1990s, a grad school buddy took a senior job at a tech startup that came with lots of stock. This was impossible, and I said so: Either you guys are either going to win the Nobel prize in economics or go to jail. In late 1996, they were bought by Yahoo! There is nothing in between. (I

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Friday links: lady luck

Abnormal Returns

nytimes.com) Survivorship bias affects in any number of ways. safalniveshak.com) Books A recommendation for Ben Wiener’s book "Fever Pitch: A Novel About Selling Your Vision, Raising Venture Capital, and Launching Your Startup." (ritholtz.com) Compounding math is often confounding.

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Stand Up with Pete! on How Not to Invest

The Big Picture

Here’s Pete’s description: Check out StandUpwithPete.com to learn more How Not To Invest: The ideas, numbers, and behaviors that destroy wealth – and how to avoid them T he GREAT Barry Ritholtz whohas spent his career helping people spot their own investment errors and to learn how to better manage their own financial behaviors.

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How Much Do You Really Know About Stock Market Indexes?

Yardley Wealth Management

We pulled together some information and interesting facts about some of the major indexes that can help you put the numbers you hear in context. In time, the DJIA itself would evolve, and the concept of stock indexes would grow in number, size, and importance. It’s not the number of points that matters—it’s the percentage change.

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10 Weekend Reads

The Big Picture

The ultrarich are growing in numbers, and changing wealth as we know it. ( Imagine if every sentence in a story were expected to contain the same number of alphanumeric characters. Tablet ) see also Welcome to the New Military-Industrial Complex. Everyone else hasnt. That would be absurd, no? So why doesnt our music do that?

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15 Recession-Proof Businesses That Thrive in Any Economy

Clever Girl Finance

Recession-proof businesses are more than just smart, they’re essential when economic uncertainty hits. Content related to challenging financial times Final thoughts: Start building a recession-proof business today Recession-proof businesses can thrive despite an economic downturn. Should I start a business during a recession?

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Transcript: Velina Peneva, Swiss Re Chief Investment Officer

The Big Picture

Bachelor’s in economics and a BS in computer science from Wellesley in Boston and then an MBA from Harvard Business School. So it was Pascal then c plus plus, and then I took an economics class and that’s when the lights went off because it was a very mathematical field in many ways, but also with a link to the Rio economy.