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Characteristics of Wonderful Businesses according to Warren Buffett
1. High return on capital
2. Understandable
3. They see their profits in cash
4. Strong franchises w/ pricing power
5. They don't take a genius to run
6. Predictable earnings
7. Not natural regulation targets
8. Low inventories and high turnover of assets
9. Management is owner-oriented
10. There is a high rate of return on the total of inventories plus plant
11. Best business is a royalty on the growth of others, requiring little capital itself



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This book is a 100 page biography of the human species
A few lessons of history:
1. In the end superior ability has its way.
2. History reports that the men who can manage men manage the men who can manage only things, and the men who can manage money manage all.
3. Every advance in the complexity of the economy puts an added premium upon superior ability.
4. All technological advances are merely new means of achieving old ends.
5. The influence of geographic factors diminishes as technology grows.
6. Economic development specializes functions, differentiates abilities, and makes men unequally valuable to their group.
7. In every age men have been dishonest and governments have been corrupt.
8. Competition is not only the life of trade, it is the trade of life.
9. We cooperate in our group in order to strengthen our group in its competition with other groups.
10. War is a nation's way of eating.
11. War is the ultimate form of competition.
12. Leave men free and their natural inequalities will multiply.
13. History shows little alteration in the conduct of mankind.
14. The initiative individual—the "great man," the "hero," the "genius"—regains his place as a formative force in history.
14b. At times his eloquence, like Churchill's, may be worth a thousand regiments; his foresight in strategy and tactics, like Napoleon's, may win battles and campaigns and establish states.
14c. These initiative individuals are effects of numberless causes, and causes of endless effects.
15. The imitative majority follows the innovating minority and this follows the originative individual.
16. Even the skeptical historian develops a humble respect for religion, since he sees it functioning, and seemingly indispensable, in every land and age.
17. History remains, at bottom, a natural selection of the fittest individuals and groups.
18. Every advance in the complexity of the economy puts an added premium upon superior ability.
19. Our capacity for fretting is endless.
20. If a man is fortunate he will, before he dies, gather up as much as he can of his civilized heritage and transmit it to his children.
21. The final test is the ability to survive.
New episode on The Lessons of History is available now!

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Financial Entities & Users List ( #HTF)
Here's a list of 50 highly engaging Twitter influencers in the financial space:
1. **Paul Krugman (@paulkrugman)**
2. **Barry Ritholtz (@ritholtz)**
3. **Nouriel Roubini (@Nouriel)**
4. **Deepak Shenoy (@deepakshenoy)**
5. **OnlyCFO (@OnlyCFO)**
6. **Justin Wolfers (@JustinWolfers)**
7. **The Economist (@TheEconomist)**
8. **Michael Batnick (@michaelbatnick)**
9. **Sallie Krawcheck (@SallieKrawcheck)**
10. **David Faber (@DavidFaber)**
11. **Liz Ann Sonders (@LizAnnSonders)**
12. **Matt Levine (@mattlevin)**
13. **Forbes (@Forbes)**
14. **Federal Reserve Bank of St. Louis (@Fed_StLouis)**
15. **Jason Zweig (@JasonZweig)**
16. **unusualwhales (@unusualwhales)**
17. **Bloomberg Businessweek (@business)**
18. **Financial Times (@FinancialTimes)**
19. **Aswath Damodaran (@AswathDamodaran)**
20. **Joshua Brown (@JoshuaBrown)**
21. **Ben Carlson (@BenCarlson)**
22. **Morgan Stanley (@MorganStanley)**
23. **Goldman Sachs (@GoldmanSachs)**
24. **BlackRock (@BlackRock)**
25. **The New York Times Business (@nytimesbusiness)**
26. **Ray Dalio (@RayDalio)**
27. **Morningstar (@Morningstar)**
28. **Wall Street Journal Markets (@WSJMarkets)**
29. **Credit Suisse (@CreditSuisse)**
30. **Investing Swede (@InvestingSwede)**
31. **Billy Markus (@BillyM2k)**
32. **Vijay Shekhar Sharma (@vijayshekhar)**
33. **D. Muthukrishnan (@dmuthuk)**
34. **Mitesh Patel (@Mitesh_Engr)**
35. **Vibhor Varshney (@nakulvibhor)**
36. **Ajay Bagga (@Ajay_Bagga)**
37. **Arun Mukherjee (@Arunstockguru)**
38. **Vivek Mashrani (@MashraniVivek)**
39. **Nishant Kumar (@nishkumar1977)**
40. **Arjun Bhatia (@ArjunB9591)**
41. **Gopal Kavalireddi (@gvkreddi)**
42. **Arvind Datta (@datta_arvind)**
43. **Tamal Bandyopadhyay (@TamalBandyo)**
44. **CA Amit Jain (@ajain_aca)**
45. **Rohit Srivastava (@indiacharts)**
46. **Abhishek Kothari (@kothariabhishek)**
47. **Debashree Chatterjee (@debashree_ad)**
48. **Ranjit Shinde (@sranjitETIG)**
49. **Kishore Vaid (@KishoreVaid)**
50. **Ghanisht Nagpal (@GhanishtNagpal)**
These influencers provide valuable insights, analysis, and updates on financial matters. Do you follow any of these accounts?
Whom and What do you Like about them?
#Bitcoin #Trump #Finance #StockMarketUpdate #PersonalFinance

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📚Top 100 most popular economics books over the last decade
Top by Goodreads Rating:
🔹 "The Divide" and "Less Is More" by Jason Hickel @jasonhickel
🔹"Evicted: Poverty and Profit" by Matthew Desmond @just_shelter
🔹 "Discrimination and Disparities" and "Wealth, Poverty and Politics" by Thomas Sowell
🔹 "The Half Has Never Been Told" by Edward E. Baptist
🔹 "Chip War" by Chris Miller @crmiller1
🔹 "The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes" by Zachary D. Carter @zachdcarter
🔹"Factfulness" by Hans Rosling
🔹"Principles For Navigating Big Debt Crises" by Ray Dalio @RayDalio
🔹"The World for Sale" by Javier Blas @JavierBlas
🔹"The Psychology of Money" by Morgan Housel @morganhousel

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