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Deadly Investment Sins... widely-held investment beliefs that are
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“My Favorite Wealth-Building
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 my book, I’d like you to have
this Special Report as a “thank you” from me.
How minimum wages cause unemployment and welfare results
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
Society Without Goverment that Works?
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
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
Liberation of the Chinese Woman — and the Chinese Entrepreneur
the free market freed women (and entrepreneurs) in Hong Kong more
To Get A
Read the report that started
an industry — with some updated links to current information more
My collection of real humdingers — guaranteed to make you laugh.
What the papers
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Read the review in
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).