The Richest Man In Babylon (book)
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The Richest Man In Babylon (book)
''The Richest Man in Babylon'' is a 1926 book by George S. Clason that dispenses financial advice through a collection of parables set 4,097 years ago in ancient Babylon. The book remains in print almost a century after the parables were originally published, and is regarded as a classic of personal financial advice. Background The parables are told by a fictional Babylonian character called Arkad, a poor scribe who became the "richest man in Babylon". Included in Arkad's advice are the "Seven Cures" (or how to generate money and wealth), and the "Five Laws of Gold" (or how to protect and invest wealth). A core part of Arkad's advice is around "paying yourself first", "living within your means", "investing in what you know", the importance of "long-term saving", and "home ownership". The content is from a series of pamphlets distributed by U.S. banks and insurance companies in 1920–24; the pamphlets were bound together and published as a book in 1926. The book is often refer ...
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George Samuel Clason
George Samuel Clason (November 7, 1874 – April 5, 1957) was an American author. He is most often associated with his book '' The Richest Man in Babylon'' which was first published in 1926. Early life and education Clason was born in Louisiana, Missouri. He attended the University of Nebraska. He served in the United States Army during the Spanish–American War. Career Clason started two companies, the Clason Map Company of Denver, Colorado and the Clason Publishing Company. The Clason Map Company was the first to publish a road atlas of the United States and Canada, but did not survive the Great Depression. Clason is best known for writing a series of informational pamphlets about being thrifty and how to achieve financial success. He started writing the pamphlets in 1926, using parables that were set in ancient Babylon. Banks and insurance companies began to distribute the parables, and the most famous ones were compiled into the book ''The Richest Man in Babylon - The Su ...
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Forbes (magazine)
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Forbe ...
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Parables
A parable is a succinct, didactic story, in prose or verse, that illustrates one or more instructive lessons or principles. It differs from a fable in that fables employ animals, plants, inanimate objects, or forces of nature as characters, whereas parables have human characters. A parable is a type of metaphorical analogy. Some scholars of the canonical gospels and the New Testament apply the term "parable" only to the parables of Jesus, although that is not a common restriction of the term. Parables such as the parable of the Prodigal Son are important to Jesus's teaching method. Etymology The word ''parable'' comes from the Greek παραβολή (''parabolē''), literally "throwing" (''bolē'') "alongside" (''para-''), by extension meaning "comparison, illustration, analogy." It was the name given by Greek rhetoricians to an illustration in the form of a brief fictional narrative. History The Bible contains numerous parables in the Gospels of the New Testament ( Jesus' ...
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Finance Books
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assess ...
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Poor Charlie's Almanack
''Poor Charlie's Almanack'' is a collection of speeches and talks by Charlie Munger, compiled by Peter D. Kaufman. First published in 2005 (), it was released in an expanded edition () three years later. Overview Charlie Munger is the long-serving vice-chairman of Berkshire Hathaway. This book brings together his investing thoughts beyond his famous statement "I have nothing to add." Munger is an admirer of Benjamin Franklin, and the book's title is a tribute to Franklin's ''Poor Richard's Almanack''. Net proceeds from sales of the book go to the Munger Research Center at the Huntington Library in San Marino, California. Contents Munger propounds the 'Multiple Mental Models' approach to decision making. This collection of 'Big Ideas from Big Disciplines' contains an iconoclastic checklist for decision-making. The book is written in an unconventional style. The ideas are not listed in an orderly fashion but just touched upon lightly, with pictures given alongside - in line wi ...
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Think And Grow Rich
''Think and Grow Rich'' is a book written by Napoleon Hill in 1937 and promoted as a personal development and self-improvement book. He claimed to be inspired by a suggestion from business magnate and later-philanthropist Andrew Carnegie. First published during the Great Depression, the book has sold more than 15 million copies It remains the biggest seller of Napoleon Hill's books. ''BusinessWeek'' magazine's Best-Seller List ranked it the sixth best-selling paperback business book 70 years after it was published. ''Think and Grow Rich'' is listed in John C. Maxwell's ''A Lifetime "Must Read" Books List.'' While the book's title and much of the writing concerns increasing income, the author proclaims that his philosophy can help people succeed in any line of work, to do and be anything they can imagine. ''Think and Grow Rich'' is based on Hill's earlier work ''The Law of Success'', and is the result of more than twenty years of study of many individuals who had amassed persona ...
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The Intelligent Investor
''The Intelligent Investor'' by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing. The book provides strategies on how to successfully use value investing in the stock market. Historically, the book has been one of the most popular books on investing and Graham’s legacy remains. Background and history ''The Intelligent Investor'' is based on value investing, an investment approach Graham began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd. This sentiment was echoed by other Graham disciples such as Irving Kahn and Walter Schloss. Warren Buffett read the book at age 20 and began using the value investing taught by Graham to build his own investment portfolio. ''The Intelligent Investor'' also marks a significant deviation to stock selection from Graham's earlier works, such as ''Security Analysis''. Which is, instead of extensive analysis on individual company, just apply simple earning criteria and ...
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The Richest Man In Babylon
''The Richest Man in Babylon'' is a 1926 book by George S. Clason that dispenses financial advice through a collection of parables set 4,097 years ago in ancient Babylon. The book remains in print almost a century after the parables were originally published, and is regarded as a classic of personal financial advice. Background The parables are told by a fictional Babylonian character called Arkad, a poor scribe who became the "richest man in Babylon". Included in Arkad's advice are the "Seven Cures" (or how to generate money and wealth), and the "Five Laws of Gold" (or how to protect and invest wealth). A core part of Arkad's advice is around "paying yourself first", "living within your means", "investing in what you know", the importance of "long-term saving", and "home ownership". The content is from a series of pamphlets distributed by U.S. banks and insurance companies in 1920–24; the pamphlets were bound together and published as a book in 1926. The book is often refer ...
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Irish Independent
The ''Irish Independent'' is an Irish daily newspaper and online publication which is owned by Independent News & Media (INM), a subsidiary of Mediahuis. The newspaper version often includes glossy magazines. Traditionally a broadsheet newspaper, it introduced an additional compact size in 2004. Further, in December 2012 (following billionaire Denis O'Brien's takeover) it was announced that the newspaper would become compact only. History Murphy and family (1905–1973) The ''Irish Independent'' was formed in 1905 as the direct successor to ''The Irish Daily Independent and Daily Nation'', an 1890s' pro-Parnellite newspaper. It was launched by William Martin Murphy, a controversial Irish nationalist businessman, staunch anti-Parnellite and fellow townsman of Parnell's most venomous opponent, Timothy Michael Healy from Bantry. The first issue of the ''Irish Independent'', published 2 January 1905, was marked as "Vol. 14. No. 1". During the 1913 Lockout of workers, in ...
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Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk shows, investigative reports, documentaries, infomercials, reality shows, and other programs at all other times. Along with Fox Business and Bloomberg Television, it is one of the three major business news channels. It also operates a website and mobile apps, whereby users can watch the channel via streaming media, and which provide some content that is only accessible to paid subscribers. CNBC content is available on demand on smart speakers including Amazon Echo devices with Amazon Alexa, Google Home and app devices with Google Assistant, and on Apple Siri voice interfaces including iPhones. Many CNBC TV shows are available as podcasts for on-demand listening. Graphics are designed by Sweden-based Magoo 3D studios. CNBC is a divisi ...
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Insurance Companies
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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