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Quote by Naved Abdali

“Cash in your bank account is as safe as the creditworthiness of your banker. No more, no less.”

Quote by Naved Abdali

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“If you have a leveraged position, make sure nobody can take it away.”

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“A regulator's greatest fear is the sequential collapse of hedge funds, banks, and brokerages. That process is hard to spot and even harder to stop. ... There are two sides to every trade. In a crash there can be just as many winners as losers. The problem arises when the losers go out of business. At that point the winners can't collect so they become losers too. It's as if you were a big winner at roulette and went to the cashier to collect your winnings only to find the cashier window closed and the casino had just filed for bankruptcy. All you have left is a pocketful of worthless chips. At that point, even the market winners can fall into financial distress. Because of leverage, total losses can exceed the size of the market itself. It's like a minefield. Banks running from panic start stepping on mines.”

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“While there's nothing new about financial panics, the role of AI/GPT is new and makes matters exponentially worse. That's not a criticism of AI which works as intended. It's a criticism of humans who don't understand the tool, over-rely on it, and allow it far too much autonomy in the trading process.”

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Book:MoneyGPT: AI and the Threat to the Global Economy

Source: MoneyGPT: AI and the Threat to the Global Economy

“People like to risk pennies to win dollars.”

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“No investor can have a successful career without a sufficient understanding of fear and keeping it in check.”

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“An investment business has certain risks, and your job as an investor is not to eliminate all risks but to manage and minimize them.”

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“GIVING - Applied tithing is so rewarding. When you give away your time, talent, and treasures you create a huge shift in your prosperity consciousness. So start where you are as you reach for where it is you want to be.”

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“Don’t be fearful of risks. Understand them, and manage and minimize them to an acceptable level.”

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“No investment is without risks, and no opportunity is guaranteed. Nothing is certain. And if somebody claims it, stay away from that person.”

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“FEAR OF FAILURE IS BORN FROM THE LACK OF REQUIRED SKILLS!”

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Book:Your Last Step To Fast Financial Freedom

Source: Your Last Step To Fast Financial Freedom