Category: Education
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Allen Stanford
I didn’t know the story of Allen Stanford before seeing this video. He created a Ponzi scheme worth over $5 billion and ended up with a 110year prison sentence. Despite his public image as a trustworthy banker, Stanford’s life was built on lies, starting with his humble beginnings in Texas. He went on to live a…
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Langone on Life
Ken Langone, the founder of Home Depot and a successful investor, is celebrated for his exceptional leadership. Langone helped build Home Depot over 40 years ago and is now the largest shareholder in companies like Eli Lily. He became a shareholder in Eli Lily in 1977 when they bought his small medical device company, IVAC…
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Up, we win. Down, you lose…
Lehman Brothers, a prosperous investment bank founded in 1850, was at the height of its success in 2006 with revenues totaling $19 billion and over 25,000 employees. However, the bank’s aggressive expansion and risky lending practices, particularly in the housing market, led to the financial crisis of 2008. When Bear Stearns became the first victim…
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How Google Makes Money
Aravind Srinivas and Lex Fridman, they explain that Google earns revenue primarily through search advertising on Google AdWords. Google’s search engine, with its high daily traffic, serves as the largest real estate on the internet for advertisers to bid for keywords related to their businesses. When users click on these ads, Google charges the advertisers, with…
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Livermore the Legend
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Whale Family Office
The rise and fall of Bill Hwang, the man behind Archegos Capital Management, Hwang, initially an immigrant from South Korea, built a 20B fortune through his hedge fund and family office, only to lose it all when a stock sale triggered a margin call and exposed his excessive borrowing.
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Dark Pools vs Lit Trading
Dark pools, around since the 90s, are legal and regulated, but trades are kept hidden until after execution. They have grown in popularity, capturing 40% of US market share in 2021, and are used by hedge funds, pension funds, mutual funds, and brokers. Dark pools offer anonymity and potential additional liquidity, but lack of transparency…
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Turning 1M into 1B
“Turning $1M Into $1B+: A Masterclass From The Indian Warren Buffet”. Mohnish shares various insights from his experiences and encounters with Warren Buffet and Charlie Munger. One of these experiences involved winning a lunch with Buffet but having a friend who couldn’t pay, leading to a meeting with Munger instead. The speaker developed a deep…
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Lessons From the Best
Jack Schwager, author of “Market Wizards,” discusses his advice for aspiring traders in a series of YouTube interviews. He emphasizes the importance of risk management, setting stop losses, and being objective when making decisions to exit a trade. He also discusses Bruce Kovner, Michael Marcus, compares fundamental and technical trading, and indexes like the Magnificent…
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Everyday Inflation