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Mark Tier’s e-letter, Investor’s Edge helps you apply the winning investment habits of the world’s master investors.
Read the latest issue: Should You Be ôLicking Your Chops” Over Facebook's IPO?

Index of issues

REV UP your Investment IQ
Get a detailed report on your investment habits and strategies ... compared to those of Buffett, Icahn and Soros.

Discover Your Investment Personality
Make more money by finding the investment style that fits your personality best.

Do you commit any of the 7 Deadly Investment Sins... widely-held investment beliefs that are hazardous to your wealth. Beliefs that Master Investors like Buffett, Icahn and Soros emphatically do NOT share.

BONUS!
“My Favorite Wealth-Building Secret”
...
ONE of the 23 Winning Investment Habits of Warren Buffett & George Soros stands out so much that if that’s the only one you adopt, you can kiss the days of losing money in the markets goodbye forever. I call it "My Favorite Wealth-Building Secret" and if you’ve read The Winning Investment Habits of Warren Buffett & George Soros, I’d like you to have this Special Report as a “thank you” from me.

Recommended Investment Books




Jobs for Everyone
How minimum wages cause unemployment and welfare results in misery
read article >>

Bird Flu? Bird Schmoo!! Worried about the H5N1 bird flu virus causing a pandemic? The scientific evidence suggests the media scare that the H5N1 virus will cause a pandemic is mostly hype. Read on

A Society Without Goverment that Works? Where but in science fiction, the literature of the imagination, can we skim across the surface of black holes, dive into the sun, and journey to the beginning, the end, and the edge of the universe... And visit a society without government that works?...see my introduction to Visions of Liberty

The Case of the “Reluctant” Virgin
At the age of 5, Soraya (not her real name) was circumcised, a common practice for Muslim girls in the country of her birth more >>

The Liberation of the Chinese Woman — and the Chinese Entrepreneur
How the free market freed women (and entrepreneurs) in Hong Kong more >>

How To Get A Second Passport
How To Get A
Second Passport

Read the report that started an industry — with some updated links to current information more >>

Classic Jokes
My collection of real humdingers — guaranteed to make you laugh.

Article Index

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Computer Game

Railroad Tycoon is a wonderful computer game that should be issued with a warning: BEWARE: THIS GAME CAN BE ADDICTIVE. I speak with considerable authority on the topic!

You’re the CEO of a railroad. Depending on which of the dozens of different scenarios you choose to play, you’ll have up to 31 computer-generated competitors. You can also play with real competitors over the internet. It’s your job to build your company into the richest, the biggest or the most profitable of all; carry the most freight; or become the richest player in the game (and, in some scenarios, all of these and more).

Built into the game are economic cycles that go from boom to depression and back (though not always predictably); the normal constraints that every manager must face between issuing equity, debt, where best to invest (build more track, buy more trains, invest in the industries you serve, take over a competitor), and so on. In your stock market account, you can buy shares in your company — or the competition’s. With or without margin.

It’s a great teaching tool for teenagers, who can learn about building a business, the economy and investing without knowing it while they have a lot of fun.

One of the most powerful lessons you can learn from Railroad Tycoon is about leverage. It’s frightening to see your entire wealth disappear in just minutes because you were over–leveraged and you face a margin call you can’t meet — while your company goes bankrupt. But it’s a lot cheaper to learn this lesson on a computer than with the help of your friendly stockbroker.

Note: the version I have is Railroad Tycoon II Gold Edition. Two new versions have come out since then: Railroad Tycoon II Platinum Edition; and the latest: Railroad Tycoon 3 (see image above).




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Other Recommended
Investment Books

Antidotes to the Seven
Deadly Investment Sins

Warren Buffett

George Soros

Other Master Investors

Risk and Uncertainty
Probability
Trading
Living Within Your Means
Taxes, and
Transactions Costs

A Computer Game
(Highly Recommended!)



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HomeBLOG: The Eclectic InvestorMark Tier’s Investor’s EdgeREV UP Your Investment IQDiscover Your Investment Personality
Trust Your EnemiesRecommended Investment BooksArticlesAbout Mark TierFeedbackThe 7 Deadly Investment Sins

How To Get A Second Passport
 
Copyright © 2012 by Mark Tier