2/12/2024 - TL;DW But I Read
Operation Shady Rat - the hacking operation that changed the world forever.
My favorite books:
The True Value Of Having A FULLY Paid-Off Home
*Topic : Finance
*Length : 10m 56s
*View : 343K
π Despite the strict definition of net worth, Erin's extreme view is to not include her fully paid-off home in her net worth statement.
π‘ There's far more value in being a homeowner than my previous videos have given credit for.
π° Retiring with a fully paid-off home can significantly reduce the amount needed in savings and investments to reach Financial Freedom.
π΅ Retirees who plan to carry their mortgage for the rest of their days might need a larger investment buffer compared to those who plan to pay it off within the first year or two of retirement.
π The average cost of renting a single-family home in the U.S. is $2018 a month, and with rent increasing at a rate of about three percent per year, it can become a significant financial burden over time.
π‘ The value of a fully paid-off home in retirement is 150% more than what you would need to invest to cover the cost of renting a home.
π° Having a fully paid-off home can easily be a half million dollars or more in value compared to having to continue paying a mortgage or rent in retirement.
π° Refinancing or using your home for rental may not be the best option for building wealth.
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The Decline of Barnes & Noble...What Happened?
*Topic : Business
*Length : 13m 08s
*View : 160K
Barnes & Noble has had some tough years lately. This video talks about the history of the company while highlighting what I believe to be some of the biggest reasons behind its decline.
π Despite selling over 190 million physical books each year, Barnes & Noble is not nearly as strong as it used to be.
π The decline of Barnes & Noble was significant, with layoffs, CEO firings, and potential business closure in 2018.
π Barnes & Noble expanded their customer base beyond students by offering non-fiction works, not just textbooks.
ποΈ Barnes & Noble's strategy in the 1990s focused on offering a relaxing atmosphere for customers to hang out and explore titles, which was a popular trend in retail.
ποΈ Online shopping and e-commerce became a huge part of retail, and those who didn't embrace it got left behind.
π The decline of Barnes & Noble can be attributed to competition with Amazon and Apple in the realm of technology.
π Barnes & Noble's new CEO, James Daunt, made a lot of changes at the company, many of which had already been proven successful at Waterstones.
π During the pandemic, Barnes & Noble used the opportunity to update the appearance and alter the layouts of their stores, revealing plans to start opening new stores again.
Link:
The Hack That Made China a Superpower!
*Topic : Business
*Length : 13m 48s
*View : 700K
Operation Shady Rat - the hacking operation that changed the world forever. It all began in 2006, when an employee of a construction company in South Korea received an email with an attachment.
π΅οΈββοΈ The ease with which the attacker was tracked to servers in China, reveals the extent of governmental involvement in cyber espionage.
π The use of spear phishing emails with poor English to launch remote access Trojans highlights the sophisticated and widespread nature of cyber attacks.
π΅οΈββοΈ It's a lot harder to stay inside of a network without being detected and still be able to observe and be active than it is to go in, smash, grab, and runoff.
ποΈ The group behind the operation was traced back to a segment of the Chinese military, specifically the People's Liberation Army general staff department, unit 61398.
π΅οΈββοΈ The Chinese hackers didn't care about operational security and were brazen and aggressive in their attacks, relying on the poor cyber security of their victims.
π‘οΈ The theft of the F-35 plans through a simple email scam highlights the vulnerability of even the most advanced defense systems.
π Shady Rat was an immensely important operation for China, supplying the Chinese industry with all the Trade Secrets it needed and establishing China as a major cybernetic superpower.
π The analogy of a rat having access to critical infrastructure highlights the insidious and profound effect of cyber attacks on a country's economy.
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