Topic: Real Truth about money economy and Investment (Read 179 times)

Visit your nearest wet market and you will know about economics. 
I never had a degree in economics but I do know some things from growing up.
What I did is just grow that with the use of technology. Internet.

I salute those who finished their studies for it needs hardwork and effort to finish it. But, it doesn't mean we cannot achieve some of what they learned thru our environment. There's just one thing I am sure, there is no crystal ball to see the future even if it came from the dragon's nest. Tomorrow could always change.

Not everyone who invests needs to have a proper education, I know some people who aren't a college graduate but they still did an investment, I think that if you have someone who taught you something, you don't have to get some fancy degree just to invest.

The other thing that nobody talks about is the fact that "Insider" knowledge are shared between the wealthy elite and their top financial advisors to give them a edge over everyone else. So people like Warren Buffett and his circle jerk friends ..will know about future events and new technologies and their launch dates... well in advance, before these announcements reach the general public.

So, what do they do with that knowledge... well, it is easy.... they buy the shares of that company before the rush happens and then when the rest of the people starts buying, the price goes up and the early worms ..gets the profits. 

The wealthy elite look out for each other and they make sure the "big" investment secrets stays between them. You can study at Yale or Havard ..but you need to get into the "circle of friends" to get the insider knowledge before the rest.

You are very wrong, anyone can learn about financial instruments even if they didn't go to these prestigious schools, I know how stocks work a little but I didn't go to those Ivy League schools, does it mean that my knowledge about stocks is invalid or wrong? I don't think so.

That’s what you may think but not everyone believes the same thing. Yes it’s true that these top universities that students that goes to these schools will have access to high level standard of education, but that doesn’t mean that they will become the all knowing.

There are still students that went to the least school but hard work still helped them achieve more than what those that studied at Yale and the rest of them are able to achieve. So, it’s not really about just going to Yale university, yes those schools do help, but you still hard work because hard work is what’s going to determine where you’re heading to in life. If you’re not hard working you’re going nowhere.

Excellently said mate! College degree is only helpful when you need to clarify your basics about the subject. May be a biotechnologist can't learn lab experiments in the real life but a trader, banker etc can do so in the real world. Because the later one is public domain and it can be experimented with the life experiences. You can crunch the number, you can do the trade analysis from the library of data sitting at home from your computer. So lets not discuss the shit that I need Harvard degree to crack the code. In fact those are dumbsters who think they need the degree or need to learn from classes to achieve something in life.

Yet somehow I'm not the least bit surprised.

You don't really need to go to a huge and well-knowned university for you to learn about how the economy works as well as investments. You can learn it in any ways possible as long as you have the perseverance and you know the realness of the things being taught to you. The internet is a good place to learn but you really can't learn everything on it, instead find some organization or university that is trustworthy upon giving knowledge to the things you are looking forward to learn. Experience can also give you the best knowledge when it comes to stock market so just keep on going and you wouldn't even notice you are gaining wisdom that those Harvard or Yale students are having.

That's an understatement regarding for what @cryptoboss2020 is, because he/she is a troll. To be fair, you are both right, you can understand the world around you even without a college degree but sometimes what we learn are limited and sometimes scratching the surface. So maybe a degree to a specific aspect of the world is going to help you understand even the most niche parts.

This man just denied the reason for the creation of the internet (well, part of it). If a fancy-ass degree could dictate how you would stand in the world, then those universities that give out said degrees should honestly be the ones controlling the world right now. Stop living in the old ages man, we're way past that, unless you didn't know. It's that old mentality right there where graduating from school means being educated, just a tad bit higher in quality right there.

right, the degree obtained from formal education plays an important role in opening our mindset, so that it can be applied in the field. whereas with the experience we can in the field, it will make us more mature in acting, so that risk and reward can be measured every time we do something

Ivy League education isn't necessarily better in terms of overall financial knowledge. In some ways, it can actually be worse. The only advantages it offers is better connections, higher level conversations about investment and money. Many CEO's, CFO's and business execs know less than the average independent investor. One way this trend is apparent is how many of them failed to notice the value in cryptocurrencies until very recently.

There are many ivy league educated CEOs and business execs who say embarrassing and uninformed things when it comes to finance and investment.

Jamie Dimon is ivy league educated and his uninformed remarks about bitcoin are legendary. There are many other examples we can draw upon.

A degree is only a piece of certificate of having trained in a school. The important thing that remains in each individual is knowledge and unfortunately, they are lost without review, experience and research. I see in society there are thousands of people who have succeeded in business without having the right training. A person's enlightenment comes from his personal exploration of his favorite area. However, we still need to recognize that formal training still brings more positive effects. It's like finding the path harder than being directed.

I tried to really understand your write up but I don't get it so I will take my point from the subject. Many people have different form of training be it  formal and informal. For investment many people can really venture into this but in studying, reading about the economy you need a proper education.

Oh, you couldn't be more wrong. Prestigious education had a meaning back when the only source of knowledge were professors and libraries. In today's world, I'd say it's quite the opposite. The smartest and the most qualified will be the person, that considers self-education as a priority.

There are many things they don't teach you at the universities, especially practical approaches (the most important stuff when talking about real-life situations).

And vice versa: there's a lot of useless info that well-rounded students study at the university equally to the subjects that are much more related to their field of expertise. But really smart people don't waste their time on this nonsense and study only the most important stuff (typically, on their own, with no need for assessment, marks, deadlines).

Also, you must understand something: big name doesn't always mean quality. I can't speak for Harvard, but I attended the most prestigious university in my country and also took separate courses from the universities like Yale, Johns Hopkins University, McMaster University. And, believe me, the level of information given there was very far from my expectations. It was then that I realized that through my self-education and thirst for knowledge I've learned way more than those professors had to say in their lectures and all this crap about having a degree from the Ivy League college is just a show-off.

So..make your own conclusions.

Even if there are people studying in prestigious universities and majoring in economics, studying about the stocks, the fact is : "they cannot predict the market 100% of the time".
Plus people with such degrees are not the ones who knows how to control the market, if they did the would have been employed by companies to tell them where to invest. Do you see that happening?
No !
See stocks are very much uneven and what you can do is just keep it simplified, keep it general. Nothing is going to happen if you did not do PhD about it. Just buy low and sell high. Wait for the opportunity and at the same goes for other cryptocurrencies and investments.

you are crazy and naive.
you don't need some fancy degree from a university to know how the world works, know economy, investment, etc. of course the "fancy degree" is a good thing and it helps but it is not the only way. and of course having that degree has never meant they'd know anything.

I had never been educated in economics at a university, but at least I was taught philosophy. In the course, I learned about matter, the history of human evolution, economic forms. It taught me many things about money.
Much of my knowledge of economics comes from my experience with money. After every loss, market observations, life observations, self-study, I gain more insight into how the economy works and the cash flow.
I think my knowledge is quite good, but to have more knowledge and depth, takes more effort and what is taught through the classroom is not superfluous.

If You Ain't Go to harvard or yale or You dont Work one of those harvard yale guys.
Then You Don't Know how the stocks work.
You Don't Know how the banks works
You Don't Know nothing real about Investment s.
U Don't Know how money world works.
U Think You know... But really is.
You been learning Some useless crap You cant fight against anyone in Financial world who Got real knowledge.
You might just be the data entry processor in the office but u Ain't husle.
And You been teached purposly the useless crap.

You need Only know few major things.
Once You know those u measure Everything by them.

I have great knowledge just thnx to my life never been in school.

That's how it is.  Sure no body Don't Tell You guys this:)

Yall Know how it is.