The Stoic Path to Wealth - Ancient Wisdom for Enduring Prosperity

Informationen zum Autor Darius Foroux Klappentext "From investor and popular newsletter writer with 100k+ subscribers Darius Foroux comes an approach to building wealth that applies ancient wisdom to the chaos of modern-day markets The Stoics understood that if you can control your reactions and manage your emotions, you can achieve success. The same principles apply to our financial lives today. The greatest investors approach the markets with discipline, emotional distance, and self-mastery-lessons that the Stoics have been teaching us for thousands of years. Combining ancient wisdom with practical investment strategies drawn from analysis of the greatest investors of all time, The Stoic Path to Wealth will teach you how to: -cultivate an investing edge by managing your emotions and developing your unique skills and talents -develop the discipline to ignore short-term market fluctuations and avoid living in the future -foster a mindset that allows you to enjoy what you have and avoid greed -create a sustainable approach to trading As financial markets become increasingly unpredictable and chaotic, The Stoic Path to Wealth offers the key to weathering any economic storm while building wealth that will last a lifetime and beyond"-- Leseprobe •  1  • My Pursuit of Enduring Prosperity I was born in Tehran at the height of the war with Iraq, in 1987. One year later, my mother left the country for the Netherlands, where she already had family members who had made the same move several months earlier. My father wasn't allowed to leave the country during a war, so my mother had to make the trip alone. When she arrived at the Dutch immigration services, she had no money and just one suitcase; that was all. My father arrived in 1990 without any possessions. He had needed to travel by land, which took him nearly two months. It sounds dramatic, but it's the story of millions of people around the world. If you're living in the United States, the land of immigrants, your parents, grandparents, or great-grandparents probably came to the country under similar circumstances. Everyone who leaves their birth country out of necessity needs to start from nothing. My parents had to get educated again, learn a new language, adapt to a different culture, build a social life, and build a better future for themselves, my brother, and me. For as long as I can remember, our family lived paycheck to paycheck; we were up to our necks in debt. In our house, everything revolved around money, or rather the lack of it. My parents did their best to raise us comfortably, but they always argued about the price of everything, from groceries to clothes. Despite our limited means, my brother and I never went to bed hungry and even had a Nintendo gaming console. But somehow, I felt guilty. Like I was the cause of their financial problems. Even though I didn't know the exact details of the financial struggles of my parents, I could sense the constant tension in the house. I was afraid of losing everything we had. A recurring thought of mine was If they didn't have me, they wouldn't have to spend all this money and they would not argue. I realize now these were the thoughts of an overly responsible child. But my childhood did instill a sense of urgency in me. I was determined to become rich so we wouldn't have to live that way anymore. That's what led me to pursue business and finance in college. I remember how my classmates struggled mightily choosing the right major. To me, it wasn't even a question. My only goal was to make a lot of money. And I believed that having a business degree was the highest-probability path to my goal. In 2007, when I was still in college, I got a job at ING, a Dutch multinational bank. ING was on an international tear at the time, with offices across the globe. This was before the global financial crisis, and the industry was a lot less regulated than it is now. ...

Product details

• Authors: Darius Foroux
• Publisher: Portfolio
• Languages: English
• Product format: Hardback
• Released: 27.02.2024
• EAN: 9780593544150
• ISBN: 978-0-593-54415-0
• No. of pages: 240
• Dimensions: 157 mm x 235 mm x 21 mm
• Subjects: Guides > Law, job, finance; Business & Economics / Personal Finance / Investing, BUSINESS & ECONOMICS / Finance / Wealth Management, Business & management