This blog post will introduce you to due diligence and exercise reasonable steps to ensure that you are entering into a good business deal. You will learn how to present all the terms and conditions of the transactions to ensure that everyone has complete knowledge about the assets to transact.
One of the first things you learn at an economics course is that you should never take irrecoverable (sunk) costs into account when you need to decide upon present or future investments. But since humans are not the most rational beings, we often forget that basic rule and let the past “investment” distort our judgments. This cognitive tendency is known as “sunk cost fallacy” and it can massively undermine both your personal and business decision-making.
The candlestick was introduced in Japan during 17th century and it was widely used for technical analysis to trade rice. The US version was initiated by Charles Dow around 1900, although many of the guiding principles were very similar. Candlestick is a chart that displays the high, low, opening and closing prices for a security. This kind […]