A virtual world, after all, allows economists to study concepts that rarely occur in real life, such as non-fractional-reserve banking, a popular libertarian alternative to the current banking system that cropped up in Eve Online. The data is richer. And it’s easier to run economy-wide experiments in a video game — experiments that, for obvious reasons, can’t be run on countries. [Source]
Tuesday, November 13, 2012
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Tuesday, October 16, 2012
Thursday, October 11, 2012
Sir John Templeton's 16 Rules For Investment Success
- Invest for maximum total real return
- Invest – don’t trade or speculate
- Remain flexible and open minded about types of investments
- Buy low
- When buying stocks, search for bargains among quality stocks
- Buy value, not market trends or the economic outlook
- Diversify. In stocks and bonds, as in much else, there is safety in numbers
- Do your homework or hire wise experts to help you
- Aggressively monitor your investments
- Don’t panic
- Learn from your mistakes
- Begin with a prayer
- Outperforming the market is a difficult task
- An investor who has all the answers doesn't even understand all the questions
- There’s no free lunch
- Do not be fearful or negative too often
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