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#687 - Money Disappears Without Financial Intelligence

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Synopsis

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be talking about why money disappears without financial intelligence. Now, I’ll tell you right off the bat, I think I actually lied. I think it doesn’t disappear. I think it transfers to the intelligent. It doesn’t matter what discipline you’re actually looking at for investing. It could be stocks, bonds, commodities, real estate, Forex, options contracts, Bitcoin. It really doesn’t matter. The idea is that when you look at where your profits and losses have eventually come over time and even going back historically, it always comes from the transfer of money from those who do not have financial intelligence to the people who have financial intelligence and it’s just purely about understanding the mechanics and the business model of whatever you’re trading. Like options contracts for example is a very numbers, statistical probability-based system that you would be trading versus something like rea