An autodidact is a self-taught person. They are people that know how to first quantify what they want to learn, then identify the best sources to learn what they need know from, and finally do the work to learn what they need to know. Putting their new found knowledge into practice to achieve goals is … Read more
An investment is buying an asset with intrinsic value that has cash flow and/or physical asset value. Speculating is buying something in an expectation of future price appreciation based on the belief that price will go higher based on others buying it or it becoming valuable or creating cash flow in the future.
Alpha (α) is used in investing as a measure of performance of returns of an investment or investor returns that are higher than a relative benchmark index. Alpha is the term used in investing to describe an investment strategy’s ability to beat the average market returns with an edge. Alpha refers to excess return or abnormal rate of return is in contrast to the academic theory that markets are efficient and no way to beat them consistently.
Young people have the benefit of time but the weakness of a lack of experience. Learning from others who have been successful can give a young person the edge on making better decisions with exponential returns over time. Here are ten of the biggest mistakes that most young people do and what to do instead.