The chess board, made up of 64 squares, has a middle area that if a chess player dominates using forward thinking and strategic skills, he can restrict the opponents moves, and control the maximum pieces in the game.

Similarly business leaders can limit the options of their competition by asserting leverage or control over certain resources, prices or land. Several big players of the oil industry have deployed this chess strategy to gain unfair advantages.

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Ingvar Kamprad solved the problem of shipping large furniture when he disassembled a coffee table so it could be packed flat. From then on, as many products as possible were packed this way.

By 1955, Kamprad's manufacturers were boycotting IKEA due to its low prices. He addressed the issue by designing and producing in-house.

A brief history of IKEA: From cheap bookcases to Swedish meatballs


Mortgage lenders usually use FICO scores to determine one's ability to pay them back. Since the three credit bureau scores are different, some banks look at all of them to get an average, or tri-merge, score.

Two common factors in determining your creditworthiness are timely payments and credit utilization. Other factors like credit history, types of accounts, and recent hard inquiries are used to varying degrees. It means that the score you see may be different to the score a lender use.

What Is a Credit Score?


Gross Domestic Product (GDP)
  • This is the most basic indicator of the overall market value of a nation's finished domestic goods and services and the country's health and size.
  • There are two types of GDP: real and nominal. The former is the economic output after inflation is factored in while the latter does not take inflation into account.
  • The GDP is important because it gives us an idea of whether the economy of the country is growing or contracting.

GDP vs. GNP: What's the Difference?


Stoicism is a life-survival strategy, a way to protect one’s sanity while facing the ups and downs of life. It helps us focus on what we can control and to let go of the stuff we cannot control.

While not many are aware of this, stoicism embraces money and wealth, and advises a person to make money with honesty, dignity and trustworthiness.

The Stoic Path to Wealth: An ancient investing strategy for the modern world


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