This one I found interesting
1 - A dollar today is worth more than a dollar tomorrow
2 - You will make more money if you take more risk
3 - You can value an asset if you know its cash flows, the timing of them, and
can quantify the risks of acheiving those cash flows
4 - Markets are made up of speculators and hedgers.
5 - The best price to sell something isn't always the lowest price.
Great blog from Fred.. If you want to read the original article visit here
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