Wealth Management Lessons from the Railroad Tycoon

  by Lee Chin Wai on December 22, 2013It is rare that computer games have lessons to teach us, but the Railroad Tycoon has a number of lessons in wealth management to offer to us.First of all, let me introduce what the Railroad Tycoon is all about. It is a game in which you set up a railroad company and build railroads linking cities and resources together and transporting resources among the cities. There is an objective for each game, which could be to achieve a certain wealth or connect 2 far away cities together by a certain year.Building Rail Roads and Transporting Resources among CitiesBesides building railroads and scheduling trains to run, Railroad Tycoon also has a stock market of all the railroad companies. Personally, you can buy and sell shares, including on margin. As the executive Chairman of your railroad company, you can also issue new shares or bonds or buy back …Read the full article ?