Billionaires Who Lost Everything

Billionaires Who Lost Everything

Send us a textAccording to Forbes Magazine there are 2,755 billionaires in the world today. The top five industries where they made their money are Finance, Technology, Manufacturing, Retail and Healthcare. It is rare to become a billionaire, but even more unusual to reach that level and then lose everything, but it is not unheard of. Today we’ll look at ten one-time billionaires who later went bankrupt, and one whose net worth fell from eight billion dollars to two million dollar...

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George Soros - Reflexivity Explained

George Soros - Reflexivity Explained

Send us a textTodays Episode is about George Soros and Macro Investing. George Soros is the most famous Macro Hedge Fund Investor. His Theory of General Reflexivity in economics is the theory that a feedback loop exists in which investors' perceptions affect economic fundamentals, which in turn changes investor perception. The theory of reflexivity has its roots in sociology. Soros believes that reflexivity disproves much of mainstream economic theory and should become a major foc...

7 Jan 202115min

Top Ten Finance Books For Traders - Best Finance Books

Top Ten Finance Books For Traders - Best Finance Books

Send us a textToday's episode is a list of my top ten books for traders, or the best finance books to read to learn about the financial industry. I decided to come up with a list of books that are not just filled with knowledge, but that are also really enjoyable reads – the kind of book that it is hard to put down. There are no university textbooks on this list, no Random Walk Down Wall Street or The Intelligent Investor. To make the list the books had to be interesting, ed...

7 Jan 202116min

Unknown Market Wizards - Jack Schwager - The Worlds Greatest Unknown Traders

Unknown Market Wizards - Jack Schwager - The Worlds Greatest Unknown Traders

Send us a textJack Schwager on the worlds greatest unknown traders.An interview with Jack Schwager, the author of The Market Wizards series of books, on his new book, Unknown Market Wizards. Jack has been involved in financial markets for over 45 years, he worked as a market analyst, a trader, managed institutional portfolios of managed accounts, and has written extensively on the futures industry. He is most famous for his Market Wizards series of books, interviews with great traders i...

7 Jan 202152min

Millionaire Habits That Could Change Your Life

Millionaire Habits That Could Change Your Life

Send us a textMillionaire Habits That Could Change Your Life. In today’s podcast, I will share thirteen millionaire habits, things that self-made millionaires do that poor people do not. According to Fidelity, only 12% of today's millionaires in America inherited a significant portion of their wealth. One of the most effective ways to build wealth is to study those who have done so already. While taking on these habits won't necessarily make you rich, they might be a step in the right di...

7 Jan 20218min

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