drfabiogiacometti

Insurance is not for “small annoyances.” Insurance is for life-changing events. If you insure every minor inconvenience, you’ll pay a fortune. If you ignore the catastrophic risks, you’ll pay with your future.

A Growing Problem: Commercial Pressure in Banking A single word can sometimes feel like a closing argument, pointing straight at an issue that Hungary, too, has been quietly struggling with behind closed doors: commercial pressure in banking . For months, I’ve argued that these aren’t isolated episodes or “bad apples." They’re the result of a structural problem, a model problem. And it’s not because “Bank X” is worse than “Bank Y.” The issue isn’t the logo. The issue is an operating model...

Getting broke by investing is easier than staying liquid; it takes enthusiasm untampered by patience or math. The paradox of modern finance: trying to get rich and managing to transform money into less money. There are several time-tested ways to lose your shirt while “investing.” Let’s run through a few of the classics. 1.    Confuse luck with skill.  Make a bit of profit once, decide you’re Warren Buffett’s long-lost cousin, and start doubling down. Markets adore humbling overconfidence....