Tag: finance
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How do Black Markets Form?
Fascinating insight from the book Shantaram by David Gregory Roberts who, after escaping from prison, ended up working as a trader in the black market for money in Bombay in the 80s. How do black markets form? Wherever there is high control (regulation) plus high greed (acquisitiveness) then a black market will form. Sewage is…
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Almost Half of Americans are Financially Fragile
Or ‘financially impotent’ as the author likes to describe himself in this article, and gladly includes himself in this group of financial ignoramuses – even though: But like half of Americans he couldn’t muster up $400 to pay an emergency bill. “Research indicates that when people get some money—a bonus, a tax refund, a small inheritance—they…
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Passive Incomes
Increasing personal freedom and antifragility through passive income (capital, code and content) Things I found the most useful:
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Adam Curtis on Risk, Change and Conservatism
I listened to the first half of Adam Curtis being interviewed by Russell Brand. Some interesting insights that caught my ear related to antifragility: Through this interpretation, I understand that change and volatility has been suppressed whilst, throughout this time, the systems we live in have become more and more fragile (because there was never…