In this article, I’ve compiled the 16 greatest quotes by Charlie Munger. I’ve consumed hundreds of hours of video material and myriads of quotes. These are the ones that I found most helpful to help Finxters stay on the right side of change. 👇 Life’s Challenges and Opportunities #1 – “Life’s Series of Opportunity Costs” … Read more
The future is bright. Yet, negativity bias is a well-documented phenomenon in cognitive science: As a result, third-party input data flowing into your brain is biased towards negativity. From LLM training, we know what happens with input data biases – they become output biases ingrained in the neural nets. But any bias is dangerous: “What gets … Read more
The traditional investment advice, as given by Jessica from DataTrek Research, may suit a cautious, long-term investor. Here’s the traditionalist’s pitch for a sound and safe investment strategy: Prioritize low-risk, diversified investments like ETFs tracking major indices, avoid speculative options and volatile cryptocurrencies, focus on steady long-term growth through dollar-cost averaging, $50 per month for … Read more
The purpose of the graph is to visually represent and compare the historical performance of Bitcoin with other major cryptocurrencies since their inception, particularly focusing on how these cryptocurrencies have performed relative to Bitcoin from the year they entered the top five in market capitalization. By adjusting the starting values of each cryptocurrency to align … Read more
This guide provides an easy-to-understand foundation for beginners and intermediate users to leverage the Yahoo Finance API with Python for financial data analysis. Yahoo Finance API offers a wealth of financial data, from stock prices and market trends to currency exchange rates. This guide will introduce you to using the Yahoo Finance API yahoo_fin with … Read more
In tech disruptions, the real game-changer isn’t always the invention itself but how it’s used. Take Uber and Airbnb, for example. These aren’t just apps; they’re entire ecosystems that reshaped how we travel and stay, built upon the foundational platform of Apple’s App Store. Now, we’re at the brink of a similar revolution, this time … Read more
Tech Stack: I created this article using the following steps: Listen to the debate in audio: 🎼 Bitcoin is hailed as a modern innovation in value storage, limited to 21 million coins, which echoes gold’s scarcity without the risk of supply increase. Its divisibility and portability surpass that of gold, enabling easier and faster transactions … Read more
My goal with Finxter is to help you stay on the right side of change. I firmly believe that in the next decades, you need to be an asset holder and owner rather than just being a worker bee being increasingly replaced by automation. But what investments to hold to be on the right side … Read more
The Finxter mission is to help you stay on the right side of change. In this article, I’ll philosophize on the question: Why do some benefit from change while most do not? It’s tough to see through the many layers of societal and cultural obfuscation. But simplification helps, so here’s a simplified categorization into three … Read more
Disruptive innovation, a concept introduced in 1995, has become a wildly popular concept explaining innovation-driven growth. The Disruptive Innovation Model Clayton Christensen’s “Disruptive Innovation Model” refers to a theory that explains how smaller companies can successfully challenge established incumbent businesses. Here’s a detailed breakdown: 📈 Disruptive Innovation refers to a new technology, process, or business … Read more
Imagine you have three nations A, B, and C. Nation C considers an attack. Nation A has stored most of its assets in BTC. Nation B has stored most of its assets in commodities like gold. In this scenario, Nation A’s assets in Bitcoin deter attack from hostile Nation C due to the low benefit-to-cost … Read more
OpenAI’s GPT-4 has revolutionized the AI landscape and opened up numerous opportunities for individuals to make money. In this article, we will explore 20 ways to leverage GPT-4 and generate income. Whether you’re a freelancer, social media influencer, or aspiring entrepreneur, these strategies will help you tap into the potential of GPT-4 and make money … Read more