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73 STASHED IDEAS

Tokyo rapidly reindustrialized. With the country's drastic increase in imports and exports, Tokyo acted as a major trade hub.

Japan had few natural resources but imported large amounts of raw materials to manufacture finished goods. The profits from the manufacturing output were reinvested into better equipment and technological research, boosting production and profits. The United States government also removed trade barriers on Japanese goods, ensuring that Japanese entrepreneurs could freely sell their goods in the US and elsewhere.

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humanprogress.org

What is a Visa?

A visa is an endorsement placed within a passport that grants the holder official permission to enter, leave or stay in a country for a specified time period.

  • The most common visa types are tourist, student, work and transit visas.
  • Depending on where you are traveling, a visa can be valid for single or multiple visits.
  • Some visas require an application to be filed prior to entering the country and other visas are granted upon entering the country.
  • Certain countries require an interview or medical screening prior to applying for a visa.

The roots of modern minimalist philosophy reach some 2,500 years back with Diogenes. Born around 412 BC, Diogenes decided he didn't need a house and lived in a felled rainwater pipe. All he possessed was a cloak, a walking stick and a leather pouch. He discovered happiness through self-mastery and self-sufficiency.

In the 3rd Century BC, Stoicism's philosophy informs a minimalistic lifestyle by adhering to simple living ideas and focusing on the self and community instead of possessions.

Future and Past for successful investors

“The future will not be as good as the past but it doesn’t have to be.” This statement from Charlie Munger summed up his thoughts on public markets. Public market in the U.S. will not repeat the success of the late 90s in the 21st century.

Successful investors seem to focus on smaller, private markets, where it's more difficult to invest and where there's less competition. It's worth noting that advances in communication technology and the huge amount of capital created in the second half of the 20th century have created a more competitive public market.

On January 3rd, 2009, a few months after the publication of the original whitepaper, the first lines of code were committed to the bitcoin blockchain by Satoshi Nakamoto. But Nakamoto vanished. No one has discovered who Satoshi was or is, though many have tried.

The initial idea of bitcoin was to work without trust. As the bitcoin's price has risen, it became another investment vehicle for the financial system. The biggest winners from the new bitcoin era may be the people the system was designed to bypass - the institutional investors and banks.

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