Huomautukset Remarks ЗамечанияPagetop
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|2. 1,272,272,eco,eng,20211019,20211232,4,Anthony M. Criniti: The Most Important Lessons in Economics and Finance||???|
|3. ama Link to source of purchased ebook...||???|
|4. eng Link to Ajk review at source of purchased ebook...||???|
|13||0103||3. Literature Review|
|19||0104||4. About Categories Devised|
|21||0105||5. Methodology and Future Research|
|32||0201||7. The Most Important Principles in Economics and Finance|
|59||020103||Principle 28 A true gift is unconditional.|
|69||020106||Principle 38 Diversification can be applied to everything.|
|91||020109||g. Financial Psychology|
|99||020110||h. General Economics and Finance Miscellaneous|
|133||020112||j. Human Resources|
|137||020113||k. International Finance|
|180||020118||o. Personal Finance|
|196||02011803||iii. Estate Planning|
|199||02011804||iv. Family and Friends|
|226||02011806||vi. Personal Assets|
|235||02011807||vii. Personal Finance Miscellaneous|
|248||02011810||x. Wealthy People|
|265||0303||Appendix A: Questionnaire Sample A|
|269||0304||Appendix B: Questionnaire Sample B|
This book is about learning the most important principles in economics and finance.
Nevertheless, principles are types of natural laws that are as close to being considered timeless as humanly possible to comprehend.
"Principles are guidelines for human conduct that are proven to have enduring, permanent value"
For example, some principles probably would take volumes of texts to fully analyze their significance but may have been reduced to several sentences for the reader's convenience.
Principle 1 It can take a lifetime to build a solid business and moments to destroy it. A person can work forty years building a business and then suddenly make a bad decision that jeopardizes everything. Examples include taking out a bad loan, buying too much inventory of the wrong product, unethical behavior, and mistreating customers.
Principle 2 It is the owner's responsibility to ensure that her or his business survives, not the customer.
Principle 3 Many singles may be better than one home run.
Principle 4 Almost every idea can transform into a successful business if applied correctly.
Principle 5 An army of many can't stop an idea whose time has come.
Principle 6 Never let your competitors know what you're thinking before your ideas are publicized.
Principle 7 When making more money than the competition because of a rare advantage, it is time to work harder than ever.
Principle 8 Knowledge breeds wealth.
Principle 9 If you have the option, eliminate the difficult clients for maximum efficiency.
Principle 10 If you have the option, choose your customers based on their character and not their wallet size.
Principle 11 The mixture of business and family is a potential time bomb.
Principle 12 Studying your competition strengthens your position.
Principle 13 Businesses must keep the customer happy at every encounter.
Principle 14 Every encounter with a customer is an opportunity to increase profits.
Principle 15 Customers love cheap prices but despise cheap business owners.
Principle 16 Buy low and sell high, yet lower than your direct competitors.
Principle 17 Sacrifice some if necessary for the survival of the whole.
Principle 18 Simplifying your product or service has strong marketing appeal.
Principle 19 Being clear about your expectations to employees will help you to maximize their efficiency and loyalty.
Principle 20 Give business to those who give business to you.
Principle 21 Always keeping your promises can help you to keep your good reputation.
Principle 22 The primary goal of any business should be to maximize the owner's wealth.
Principle 23 Businesses can maximize their revenue if they focus on understanding what other people want and not only what they want.
Principle 24 A business should only move at the speed at which it is prepared to handle.
Principle 25 Quicker wise actions avoid costly reactions and create profitable transactions.
Principle 26 The greater they are, the harder they failed.
Persistency is a necessary quality of every successful businessperson. It's not so much about failing but how you overcome it. We all must fail at something at some time, and failure should not be a reason for giving up. It is the one who learns most from failure and keeps on going that capitalizes best.
Principle 27 The more products or services that are bought, the lower your costs could be.
Principle 29 Only give gifts that you can afford to give.
Principle 30 Always paying your debts allows you to be repaid with credibility.
Principle 31 There are legitimate reasons for taking out a loan.
Principle 32 You should borrow only what you can afford to pay back.
Principle 33 It is your responsibility to collect money that is owed to you.
Principle 34 Receiving some money from slacking debtors is better than nothing.
Principle 35 Sometimes it is more beneficial to make exceptions to late debtors.
Principle 36 Don't lend money to irresponsible and/or unqualified people and expect to be paid back.
Principle 37 Paying down debt is another option, along with investing, to maximize wealth.
Principle 39 Over-diversifying may not increase return or reduce risk.
quality of life would disintegrate as the wealthiest people move all of their money (and their ability to employ with that money) somewhere else.
Principle 50 The ones who amass and maintain wealth are generally the best fit in the struggle to employ
Principle 51 The more economic failures a nation learns from, the stronger that nation becomes.
Principle 52 Inevitably, globalization will unite the economic goals of all nations.
Principle 53 The price of great wealth is responsibility.
Principle 54 A good reputation pays a high rate of return.
Principle 55 Unethical behavior may sometimes create large short-term wealth but always destroys most or all of long-term wealth.
Principle 56 Some people will do anything to deprive you of your wealth.
Principle 57 Every laborer can make this world a better place to live and love.
Principle 58 The risks of the agency problem are applicable to all economic and financial entities.
Principle 59 The gain or loss of money enhances one 's emotional state.
Principle 60 A loss of money has stronger psychological consequences than a gain of the same amount of money.
Principle 61 The pursuit of making money can become an addiction that generally increases with wealth.
Principle 62 The long-term consequences of therapy shopping far outweigh any temporary gain of quick psychological relief.
Principle 63 Accepting gifts may create unforeseen psychological consequences.
Principle 64 Major economic events generally cause everlasting impressions on the future financial affairs of its survivors.
Principle 65 One s moral beliefs outrank their money in priority.
Principle 66 The public mind is generally content with feeling the universal emotion of each economic period, regardless of whether it is bad or good.