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For personal finance (even though this question is tagged for stocks): How about the fundamental accounting equation? Assets = Liabilities + Equity or (equivalently) Equity = Assets - Liabilities In a personal finance context, "equity" is better known as "net worth" The concept of net present value The actual equation is a little ...


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For personal finance, the Micawber Principle, from Charles Dickens' David Copperfield: Annual income twenty pounds, annual expenditure nineteen, nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.


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