ThoughtsOfAndrew

It is important to diversify your assets because it is impossible to know which assets will go up in value in the future. This is because of the market efficiency hypothesis - will such quick access to information, all assets should be reasonably priced. There is also the argument by Taleb in 'Fooled by Randomness' which states that markets are determined largely by randomness, and it is impossible for the investor to predict which way assets will move. Because of this uncertainty, we need to diversify because nobody knows which way the assets will move, nor can anybody predict crashes or bull markets.  Always be skeptical of any asset that promises to exceed more than 6-7% per year as the growth will be unlikely to be sustainable, e.g. some cryptos which boast excess of 1000% annual returns. Think about it, Warren Buffet, the world's greatest investor, does not make more than 10-20% returns per year, so anything promising wild returns is a scam. Diversify your income for t

Before planning an essay, it is important to choose the correct topic Choosing a topic at random will make the essay very hard and slow to write To choose the topic, you need to read for a few days  This will help to establish historiographical debates and find gaps the research has missed Once a broad amount of reading is done, a topic should jump out Benefits of choosing a topic vs being given one If you are given a topic, you have to try and fit evidence around a preselected question If you choose a topic, you find evidence and then work out a question The second approach is much quicker The first approach means you might try and fit in evidence that is not appropriate The second approach means you are being led by the evidence, so will be more impartial How to structure a concept The historiography portrays X events/time period in a certain light Event Y does not seem to fit within this broader general narrative This is because the historiography has missed certain documents and ev