Marisa White Chapter 7 Question 7

Something that I never really thought about before is when money is being saved due to inflation the money would decrease in value, like in the story about the sultan of Brunei. That seems to be the opposite about of what you normally hear when you are constantly told as a teenager to save your money. Also by just saving money instead of investing it, it is an opportunity cost of more money you could be making. I also learned about all the different types of insurance that is offered like the "win insurance" for the U.S. Open or the "cancellation bonds" to protect against terrorism regarding the World Cup. This chapter taught me that it is smart to invest money but you need to be smart when choosing what to invest in, like doing research on a stock because maybe there is a reason people are selling it. This part of the chapter kind of relates to chapter 5 that we just read, which talked about gathering all information or as much possible before making any decisions.