Money/Finance - Deepstash

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Money/Finance

174 STASHED IDEAS

  • Credit cards were first promoted to traveling salesmen for use on the road. By the early 1960s, more companies offered credit cards by advertising them as a time-saving device rather than a form of credit. American Express and MasterCard became huge successes overnight.
  • By the mid-70s, the U.S. Congress begin regulating the credit card industry by banning practices such as the mass mailing of active credit cards to those who had not requested them. 

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Decentralized:

  • Decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal.

Decentralized Applications (DApps):

  • A type of application that runs on a decentralized network, avoiding a single point of failure.

Decentralized Autonomous Initial Coin Offerings (DAICO):

  • A method for decentralized funding of projects that introduces a form of governance in the ICO process, allowing backers to vote for the return of their funds if certain conditions are met.

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Monkey randomly throwing darts are better stock sellers.

New research revealed that the biggest investors in the world don't make the best decisions when selling stocks.

This came to light when an investor's stock selling decision was compared to a strategy which is almost like throwing a dart at a list of names that exist in their portfolio. If their clients had instead hired the monkey with darts to randomly choose which stocks to sell, the client's portfolios would have earned 0.8 percentage points more per year.

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