Would understanding world phenomena help us to make better decisions, both for our future and in our stock investments?
I definitely think so. And so recently I’ve been spending more time reading into other disciplines like economics and psychology to help better myself both as a person and as an investor, as they help to explain many qualitative aspects in the business world that pure financial numbers cannot.
For instance, if we think back to the time when companies like Google and Facebook got listed, it seemed logical then to not invest in a company that offered free services and was yet to properly turn a profit. However, economics tells us why their growth was only natural (and why we should have invested, dang!). Economics also explains why even rich nations like Greece or Venezuela (a country with rich oil reserves) can still go bankrupt. What seems contrary to logical thinking often may just have