One of my childhood heroes is the German archeologist Heinrich Schliemann (1822-1890).
He as basically the founder of modern archeology and managed to find the ancient Troy. His whole life is literally one huge adventure – a classic self-made Cinderella story, but of course with more ups and downs than Disney would put their audience through. (mehr …)
You know what’s tough? No, not necessarily stock market crashes, insolvency, or the bashed 9-5 jobs: It is though when your balance and your investment behavior is correlated with your confidence and your ego.
Social media is funny. This week I found again like 5 different strategies (of course perfectly “proven” strategies) or investment forms from random people.
One was about “studying the stock exchange” (to recognize and exploit patterns), one was “mining” (whatever the name of that thing was), and three other products were recommended I never heard of – and even if, I would have not mentioned here again (…and with something like 13% ROI, fixed secured withdrawal rate, blablabla). You get the idea. It was the overall classic form of investment porn.
There is this common desire of getting rich quickly. And, of course, without getting the hands too dirty. But is this possible? And how is someones mindset behind that assumption – or has to be?
If you are a fan of Nicholas Taleb’s books just like me, you know that things like market predictions, fearing or crying about financial armageddons, and all that other noise about the behavior of the market is non-productive, speculation and basically a complete waste of time.
There is this thing going on in our heads: A talking voice. Ever heard? It’s complaining, suggesting, thinking weird stuff, cursing and so on. It’s called our mind. It’s known to be brilliant; it’s supposed to be the most important thing in our lives. Yet, people are constantly annoyed by it. And there are actually people out there who want (or want to teach) of how to shut it up.
So I have some good news and some bad news about the mind.
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