| Hi hi, it's Nik with 3 new book summaries so you can learn something new and valuable this weekend! The featured title for this week is... What I Learned Losing a Million Dollars by Jim PaulIt's almost impossible to imagine: earning $248,000 in a single day. A quarter of a million dollars. But Jim Paul did it, and not just that—he did it in the 1980s. If you adjust for inflation, it'd be like earning $800,000 today. Paul was a living legend in the futures trading business. He traded crops and oranges and—the commodity that would mark his downfall—soy beans. What started as a guaranteed win and kept going up and and up eventually turned against him due to politics, sanctions, and a bad harvest. Eventually, he lost $20,000 a day on his position—until everything, from his fortune to his job, was gone. I remember reading this book years ago. It's a remarkable story, and there's a lot to learn from it. I hope you'll watch our video summary of... Understanding Jim Paul's story will help you avoid some of the mistakes that cost him a lot of money, reputation points, and time to rebuild his career. Here's what we'll cover in today's video:
If you want to have a good financial future and make money in the markets without losing your returns, watch this video. Not your cup of read? Here are 2 other titles you might enjoy:
That's it. Have a great weekend, and see you soon! Happy reading, PS: For more sound money advice, check out The 4 Minute Millionaire. It's a short book I compiled with 44 concise, 4-minute lessons from the best finance books to help you save, spend, think about, and invest your money in better ways. With the audiobook, you can make serious progress in just 10 minutes a day (6 for listening to the daily lesson, 4 for doing the action item). And it starts from just $4. What a bargain! You can learn more and buy all versions here » |
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