The Money Game

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Forgotten the title or the author of a book? Our BookSleuth is specially designed for you. Visit BookSleuth The concepts are clear although the uotdated prose sometimes make it harder to understand fully what the underlying meaning is. Anyone whose orientation is toward where the action is, where the happenings happen, should buy a copy of The Money Game and read it with due diligence." — Book World These fantastic free printable money resources will enable you to make games, worksheets and resources to help

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The game can be defined several ways: 1) something done as sport or fun; a diversion of sorts to keep things interesting, or 2) something more along the lines game theory, through math and weighing probabilities to decide on the most likely outcome.

Money is how the game is scored…a path to being rich. The conundrum lies in how you define rich. You can treat it as a possession to see who can collect the most or you treat it as a means to an end, the means being financial freedom and enjoyment of life. The trouble with high growth companies: they carry the seeds of their destruction. Unless the company has some advantage, the high growth attracts copycats. Growth is spread across competitors, prices get cut as they battle for market share, and profit margins suffer. And when that doesn’t work, there’s a point where growth falters because growth is finite. Companies grow too big to grow at a high rate and there’s no magic number that says when they hit too big. And then there’s the market. There’s no way to know the multiple the market would put on the growth. Detachment means you can change your mind or reverse course, without being tied down by prior decisions. It has taken me years to unlearn everything I was taught, and I probably haven’t succeeded yet. I cite this only because most of what has been written about the market tells you the way it ought to be, and the successful investors I know do not hold to the way it ought to be, they simply go with what is.” There has always been a They in markets, which Smith refers to as elephants, that move markets at a whim.

Games for Children about UK Money - Topmarks Fun Learning Games for Children about UK Money - Topmarks

Markets are only a tiny facet of society, but being made by mass psychology, they are a good litmus paper for what is going on. Markets only work when they believe, and this confidence is based on the idea that men can manage their affairs rationally. The longest period of prosperity in the last few hundred years came when everyone believed that the king was on the throne, that the pound was worth a pound, that God was in His Heaven, and that all these things would continue for ever and ever… In the longer run, the actions of all the investors, individual and institutional, professional and nonprofessional, have to be based on the belief that leadership knows what it is doing and that rational men are handling the nation’s business rationally. If that belief fades, then so do the markets. They do not merely dive, they dive and then they disappear. It happened here in the blight of the spirit from 1930 to 1933, and it has happened in other countries.” These free money games can help children who are learning to use UK money. Understanding money is a difficult concept when children are introduced to single coins having different values. These games range in challenge from basic counting with single coins to those where children need to work out problems involving adding amounts and change. An enjoyable and refreshing read, especially for someone in the investment trade. Unlike the holier than thou value investing books, many of which I’ve had the pleasure of reading, this one does not claim that there is any meaning to the investment activity, other than acquisition of financial wealth, nor does it portray the “pursuit of alpha” as anything meaningful, an end in itself. The Money Game is a satirical look at Wall Street. It brings to light in a humorous manner the psychological aspect of Wall Street. I found a number of the narratives amusing. There is certainly truth in sarcasm particularly the need to separate your identity from money. If you look at the markets as a game, especially since these markets take on a mob mentality, then you are more likely to be able to remove yourself and very importantly your self worth from it.The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer. Nothing works all the time and in all kinds of markets… If you really love playing the Game, any action is better than inaction, and sometimes inaction is the proper course, if it has been taken after measuring all the measurable options. If a decision is made not to make a decision, that is just as much a decision as a decision which initiates action.” I liked the first part (You) more than the 2nd and 3rd parts (It & They) and I found it also more interesting from a investing point of view, THE MONEY GAME. HOW TO PLAY IT. A NEW INSTRUMENT OF ECONOMIC EDUCATION. WITH WITH GOOD SIGNED HANDWRITTEN LETTER. I would probably read the book again some time in the future to review the concepts, but I personally do not understand the hype.