The Key To Successful Investing Is Patience.
Tanza Loudenback
The CEO of a $13 billion investment firm says there's one lesson everyone has to master to build wealth: patience
Compound interest is the most important concept to understand about money, Mellody Hobson said.
Mellody Hobson, a co-CEO of Ariel Investments, told the New York Times that the key to successful investing is patience.
Patience leads to compound interest, which is the most important concept to understand about money, Hobson said.
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Mass Layoffs at Major Banks as Financial Crisis Heats Up
7/25/2019
Published on Jul 23, 2019
More mass Layoffs hit the global banking sector as Univcredit has announced plans to cut around 10,000 Jobs in a new plan to stabilize finances. The problem is no one will admit these banks used to be able to sustain the current level of employees. Investors largely view job cuts as a positive action by the company.
The problem is why are the world's major banks under so much pressure.
Deutsche Bank, Société Générale, and now uncredit join the systemically important financial institutions that seem to be experiencing some sort of banking collapse under negative interest rates.
The truth is these banks were finished after 2008 it just took a while for everyone to catch on.
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