Pete is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. Using a long term approach to building businesses, investing in equities, & owning a portfolio he achieved financial independence at the age of 33. Visit his blog
Do you understand the difference between rational and imperfect markets? In a perfect capital market, the Efficient Market Hypothesis (EMT) states that all publicly available information is instantly priced into a security by rational investors. The perfect capital market doesn’t quite hold true, for a number of reasons. There are transaction costs and taxes which…
When I was younger I felt that “the mind-set of wealth creation” was mere psycho-babble. I simply believed that if you worked harder you would better off. If you didn’t, you wouldn’t. And that was that! Now, I’m a little older, and hopefully a little wiser, I know that the psychology of wealth creation…
