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The “Critically Counterintuitive” Lessons of Investing

In order to grow your wealth, you may think you need to be very intelligent and highly analytical.
But, as Nicholas Vardy explains, some of the most critical lessons of investing are counterintuitive.

I’ve written before about mental models in investing.
Today, I want to introduce a particularly compelling set of models I call the “critical counterintuitive.”
The concept is critical because little else matters. It is counterintuitive because it reminds us that the world works in ways opposite to the way we think it does.
Once you understand what it is, the critical counterintuitive is everywhere you look.
The nice guy hardly ever gets the …read more […]

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Saudi Arabia floods markets with $25 oil as fight with Russia escalates

Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of its fight with Moscow for market share, five trading sources said on Friday. The sources, from oil majors and refiners which process crude in Europe, said Saudi state oil company Aramco told them it would supply all requested additional volumes in April. Sources previously told Reuters Saudi Arabia is also seeking to replace Russian crude in Asia with Chinese and Indian buyers. …read more […]