You will start off as a simple trader,but it is sensible to look at options,as you earn more
Every Christmas season,Chicago’s public transit company,the CTA,decorates a train and bus,and this year is no different. The Allstate CTA Holiday Train,a 6-car train decked out in Christmas decorations and gear,hit the rails and will travel around the city for the next several weeks ahead of the holidays. This is a good chance to get into the holiday spirit at the same time as you commute or go out on the weekends.
“The Allstate CTA Holiday Train and Bus have become a beloved Chicago tradition that thousands look forward to each winter season,” Dorval R. Carter,Jr. said,CTA’s president,in press a release announcing this year’s holiday train and bus.
Carter is right – Chicagoans from The Loop,Streeterville,River North,and even temporary residents living in short-term rentals and business apartments,have grown to love the tradition since it was first unveiled in 1992.
Running on 16 different routes throughout the city,the holiday train will travel through most of the city’s major neighborhoods and areas,bringing Christmas cheer and delight to residents around the city.
If you are trying to see the CTA Holiday Train this year in Downtown Chicago and surrounding neighborhoods,take a look at the schedule and see when it’s heading to you. According to city officials,the holiday train will run through December as part of regular rail service from about 1 p.m. to 8 p.m. on weekends and 3 p.m. to 7 p.m. on select weekdays,making stops at all stations along the respective routes.
If you won’t be able to see the Holiday Train this year,consider checking out the bus instead. According to Chicago city officials,the holiday bus,nicknamed “Ralphie the Reindeer,” will operate through Dec. 23 from early afternoon through early evening on select weekdays and weekends.
What rules and concepts do you follow in your investing strategies? In the last series,we covered the 10 guidelines of the to help you become the finest investor you can. Now,I want to shift focus away from these guidelines and offer you with some axioms I’ve found out over the years.
What is an Axiom?
An axiom is a declaration of belief that everybody knows to be true. Hundreds of years ago,people would have thought of it as an opinion,however since it’s been shown over and over,we know it as an axiom.
The Zurich Axioms
This leads me to the primary topic of this and future blogs– the Zurich Axioms. Here’s the backstory on them:
Back in the mid-1980’s,a person called Max Gunther released the book The Zurich Axioms that spilled the beans on the Swiss monetary world.
For those that aren’t old enough to bear in mind investing prior to this,everyone was focused on the earnings they were earning. All of us wanted to make as much money as possible,and the actual investment preceded and foremost before any other part of the choice.
The Swiss did things in a different way. Basically,they were crushing it in the investment game and were beating everybody. As an incredibly wealthy nation,everybody needed to know how they did.
That’s where Gunther can be found in.
What the Swiss investment firms were doing in a different way was that they focused on risk and understood risk to its extremely core. They cared more about the risk an investment presented,not the possible earnings given that the lower the risk,the much better their possibilities of investment success.
If you ask the Swiss at the time how they did it,they would say “by making clever investing decisions.” We all know that wasn’t the case. In reality,this risk-centric method was just in their investing DNA. They took this approach for given and didn’t treat it as a new method to technique investing,however rather the only method to do it.
Why the Zurich Axioms Matter
There are numerous things that you can (and will) gain from the Zurich Axioms. Essentially,there are two primary viewpoints from which to view them.
For one,they show that there isn’t one best method to technique investing. Often the most counterproductive ideas can be the most successful. At the time,the Zurich Axioms ran out the regular,and now we understand that even the wildest investing concepts can work.
Second,The Zurich Axioms reveal that there are no guidelines in the investing world. You are the person that creates the rules,however there isn’t a concrete list of guidelines that you need to follow to a tee. You’re totally free to experiment and try brand-new techniques to see if they work.
Prepared to get more information about the Zurich Axioms? Well,you remain in luck. Follow me on social media and subscribe to this blog so you’re first to read the following posts in this series.
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