In 1995 Charlie Munger gave a speech at Harvard University about irrational patterns of human psychology. I find these distinctions valuable, not only for use/protection in my personal life, but also in business. I will summarize some of them here for you. Some I will...
The nation of Turkey’s currency is currently in a free fall, trading at an all time low, 6.4 lira against the US dollar, down over 70% for the year. The reason- banks pumping massive dollar denominated debts into emerging markets at super low interest rates. The...
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