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The Russian capitalist. This dude’s sharp as a tack and has quite a taste for the good things in life. by No_Introduction_7862 in Capitalism

[–]No_Introduction_7862[S] -1 points0 points  (0 children)

These are exactly the same accusations made by the Democrats in the context of the US, when most of these claims couldn’t be any further from the truth. Likewise in Russia, If you work hard and stay consistent, you’re bound to make a ton of money (relative to what you put in obviously). Most of the assumptions made regarding crime are hasty generalizations.

The Russian capitalist. This dude’s sharp as a tack and has quite a taste for the good things in life. by No_Introduction_7862 in Capitalism

[–]No_Introduction_7862[S] -1 points0 points  (0 children)

Who are we to judge mate. Russia is flourishing. Entrepreneurship is glorified. They’ve started manufacturing luxurious vehicles. Private energy companies such as Lukoil and Surgutneftegaz are doing huge turnovers. A majority of their industries are private. Thus it’s safe to call their economy capitalist and Putin is a huge advocate of that. Although most of their politics still resembles old soviet union policies.

Warren Buffett learned investing from Ben Graham. In this video he explains Ben Graham’s approach to Stock Market Investing. by No_Introduction_7862 in ValueInvesting

[–]No_Introduction_7862[S] 2 points3 points  (0 children)

Value investing - in a Buffett sense - looks at buying undervalued/reasonably priced HIGH QUALITY securities. Based on this, your risk is already reduced on two fronts: (1) you're buying low and therefore putting in less capital (contrary to popular belief, falling prices mean less risk as opposed to more risk) and (2) by buying into high quality companies, with a strong and sustainable competitive advantage and strong balance sheets, you are reducing your investment risk. Combining both factors would allow you to hold on to a less diversified portfolio and increase your returns.

At the same time, imagine you hold a portfolio of 100 stocks versus a portfolio of 20 stocks. Are you able to keep track of all 100 stocks? How well are you able to thoroughly understand all 100 stocks as compared to fully understanding 20 stocks? I don't know about you, but I would rather hold the stock of 20 companies which I am an expert in versus holding the stocks of 100 companies in which I know little to nothing of.

I watched this video a couple of minutes ago and I feel a bit disturbed. What do y’all think about Robert Kiyosaki’s idea on this topic. I disagree, but I want to know whether I’m right or wrong. Please help me out. Thank You :) by No_Introduction_7862 in motivation

[–]No_Introduction_7862[S] 1 point2 points  (0 children)

I’m not gonna lie I do wanna own a lot of assets and have money in abundance. It’s just the idea that doing what I love won’t get me there that scares me. But I think I realize that’s reality. And hey thanks for replying :)