DailyFinance

Allegory of the Cave Plato realizes that the general run of humankind can think, and speak, etc., without (so far as they acknowledge) any awareness of his realm of Forms. The allegory of the cave is supposed to explain this. In the allegory, Plato likens people untutored in the Theory of Forms to prisoners chained in a cave, unable to turn their heads. Meet The Team ‹ Pride Magazine Telephone Number: 0207 471 1815 Entertainment Editor Gloria Ogunbambo gloria@pridemagazine.com Features Editor Afua Adom afua@pridemagazine.com The 10 Best Games for Learning About the Stock Market Much like skydiving, playing the stock market is not an activity you want to learn through your mistakes. Fortunes are made and lost all the time by people who think (or thought) they had a handle on stock trading. If you have a few million you can afford to lose, or you're investing with someone else's money (you're a bank, in other words), by all means, jump right in.

Research and Valuation Process How to Invest in the Stock Market: Part 1 | Part 2 | Part 3 | Part 4 | Part 5 Here is the process I follow which is rooted in the Graham and Dodd approach: Search 102 Personal Finance Tips Your Professor Never Taught You If you're anything like me, you graduated from college and perhaps even took a finance class or accounting class here or there, but you didn't learn anything about managing your personal finances. In fact, there probably wasn't even an opportunity to take any such class in either high school or college. But if college is partly about training us for a job, shouldn't we learn what to do with the money we earn from a job? Especially in a country where 45% of college students are in credit card debt and 40% of all Americans say they live beyond their means, I think it's time to wise up to some of the challenges of money management. A few (say, 102) simple financial tips can help get your money life (back) on the right track. The Painfully Obvious But Rarely Followed Tips

30 Books I’m Glad I Read Before 30 In various ways, these 30 books convey some of the philosophy of how Angel and I live our lives. I honestly credit a fraction of who I am today to each title. Thus, they have indirectly influenced much of what I write about on this site. A medley of both fiction and nonfiction, these great reads challenged my internal status quo, opening my mind to new ideas and opportunities, and together they gave me a basic framework for living, loving, learning and working successfully. If you haven’t read these books yet, I highly recommend doing so.

The growth of tertiary sector is pulling African economies up The tertiary activities in Africa have been on the rise since they evolved faster in 2010 than in 2009. In fact, the service sector increased by 4.4% in comparison with 3.9% in 2009. Africa is catching up This is, apparently, due to the improvement of the activity of market services by 4.5% against 3.2% in 2009 and the progression of non-market services, especially provided by the government, estimated at 4% in 2010. Thus, changes in indicators of tourism activity are higher than the trend worldwide, and particularly that of North Africa (+5.8%) thanks to the tourism sector.

The Economics of Gold-Digging The following story is currently making the rounds on the Internet. The events probably didn’t happen exactly as described, but for my purposes it doesn’t really matter. Supposedly, a woman posted the following personal ad on Craigslist: What am I doing wrong?Okay, I’m tired of beating around the bush. Discounted Cash Flow & Stock Valuation The purpose of the Discounted Cash Flow (DCF) valuation is to find the sum of the future cash flow of the business and discount it back to a present value. I use the F Wall Street method of valuing a business along with some tweaks here and there to suit my tastes in the free and best valuation spreadsheets you can find on this site. The advantage of this method is that it requires the investor to think about the stock as a business and analyze its cash flow rather than earnings.

Neil deGrasse Tyson A Reddit.com user posed the question to Neil deGrasse Tyson: "Which books should be read by every single intelligent person on the planet?" Below, you will find the book list offered up by the astrophysicist, director of the Hayden Planetarium, and popularizer of science. Where possible, we have included links to free versions of the books, all taken from our Free Audio Books and Free eBooks collections.

Porter's Five Forces - Problem Solving Techniques from MindTools Assessing the Balance of Power in a Business Situation Assess the balance of power in a business situation, with James Manktelow & Amy Carlson. The Porter's Five Forces tool is a simple but powerful tool for understanding where power lies in a business situation. This is useful, because it helps you understand both the strength of your current competitive position, and the strength of a position you're considering moving into. With a clear understanding of where power lies, you can take fair advantage of a situation of strength, improve a situation of weakness, and avoid taking wrong steps. What They Used To Teach You At Stanford Business School - Market Movers Chris Wyser-Pratte, who got his MBA from Stanford in 1972 and then spent the next 23 years as an investment banker, sent me the following note last night. I'm reprinting it here with his permission: I learned exactly seven things at Stanford Graduate School of Business getting an MBA degree in 1972.