{"id":2602,"date":"2010-12-17T18:24:56","date_gmt":"2010-12-18T02:24:56","guid":{"rendered":"tag:google.com,2005:reader\/item\/9dc2da5069705aaf"},"modified":"2010-12-17T18:24:56","modified_gmt":"2010-12-18T02:24:56","slug":"10-really-simple-financial-lessons-to-live-by-brk-b-bzh-c-gs-nly","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2010\/12\/10-really-simple-financial-lessons-to-live-by-brk-b-bzh-c-gs-nly\/","title":{"rendered":"10 Really Simple Financial Lessons to Live By (BRK-B, BZH, C, GS, NLY)"},"content":{"rendered":"<p><strong><em>8. A prophet is not someone with special visions, just someone blind to most of what others see.<\/em><\/strong><\/p>\n<p>Same as above. You&#8217;ll win by default if you simply avoid the mistakes others make. Those who made a fortune betting against housing didn&#8217;t have special <a href=\"http:\/\/wiki.fool.com\/Insider?source=ihlsitlnk0000001\" title=\"Get the definition on The Motley Fool Investing Wiki\">insider<\/a> knowledge. They simply didn&#8217;t believe that housing prices could go up forever.<\/p>\n<p><strong><em>9. The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.\u00a0<\/em><\/strong><\/p>\n<p>One of the biggest disservices the media cranks out are daily market roundups that begin, &#8220;Markets fell\/rose today on news that \u2026&#8221; followed by a random and usually meaningless datapoint. Markets go up. Markets go down. Get over it and stop trying to connect the dots.<\/p>\n<p><strong><em>10. What they call &quot;risk&quot; I call opportunity; but what they call &quot;low risk&quot; opportunity I call a sucker problem.\u00a0<\/em><\/strong><\/p>\n<p>The past three years, explained in one line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>8. A prophet is not someone with special visions, just someone blind to most of what others see.<br \/>\nSame as above. You&#8217;ll win by default if you simply avoid the mistakes others make. Those who made a fortune betting against housing didn&#8217;t have special ins&#8230;<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2602","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/2602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=2602"}],"version-history":[{"count":0,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/2602\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=2602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=2602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=2602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}