US dollars as a denomination!

During these few years, fears on the depreciation US dollars haven arisen. The depreciation of the dollars has mainly occured due to the staggering trade deficit. So, why the depreciation of the US dollars has created such a big commotion. This is because of the fact that many of the commodities and investment related products are denominated in US dollars. Hence, the depreciation of the dollars will result in a fall in value of the commodities (for eg. oil). Moreover, the huge spending by the US authorities will bound to result in inflation in the US. This will result in a fall in value of the US dollars as lesser things can be bought with the same amount of money. Thus, people who hold their investments in US dollars will slowly see it fall in value.

Pscycology of persuasion

Few months ago, I completed a book recommended by charlie munger- PSYCHOLOGY OF PERSUASION. As mentioned by the title, it is a book that described the factors that influenced one's decision. This book is like a spear and a shield in one. Why do I say so? You can actually use the factors in the book to influence someone to follow your will and use it to defend against weasels who might use it to harm you.

The factors are as listed
1. Scarcity
2. Liking
3. Reciprocation
4. Authority
5. Social proof
6. Commitment and consistency

Suffice to say, these factors can affect your decisions substantially. Hence, you must always be aware of these factors that may affect your decision.

ALL THE CASH IS MADE IN THE WAITING

The problem of not getting the right opportunites stems from the fact that people are not accustomed to wait!!!!!!!!!!