Mario Frömberg
Stories (3/0)
Gold Hoarding and Dragons: The Unsustainable Business Model
Gold Hoarding and Dragons: The Unsustainable Business Model that Led to the Downfall of Gringotts Bank For 549 years, the bank implemented a daring business model of collecting customers' gold and locking it up in vaults without investing it in safe commodities or stocks to generate interest. Instead, the bank spent a considerable amount of money securing the gold through an intricate system of caverns and rails. However, this approach eventually proved to be unsustainable, and the bank went out of business.
By Mario Frömbergabout a year ago in Fiction
Staying Ahead of the Game
Ladies and gentlemen, buckle up because we're about to take a ride into the exciting world of artificial intelligence (AI). Now, some of you may be thinking, "AI? That's just a buzzword, right?" Wrong! AI is real! It's happening! And it's changing the game in a big way.
By Mario Frömbergabout a year ago in Lifehack
Trading 101:
Introduction Trading is the process of buying and selling financial instruments, such as stocks, bonds, currencies, and commodities, with the goal of making a profit. To get started with trading, it's important to understand the basic mechanics of how it works. When you buy a financial instrument, you are essentially purchasing a share of ownership in the company or organization that issued the instrument. The value of the instrument can go up or down depending on a variety of factors, including market trends, economic indicators, and the financial health of the issuing company or organization. When you sell the instrument, you are essentially selling your share of ownership back to the market, hopefully at a higher price than what you paid for it. Understanding these basic concepts is essential to success in the world of trading.
By Mario Frömbergabout a year ago in Trader