About

My Background: My name is Nathaniel Petruska and I am 29 years old. I was active duty Air Force for 10 years serving as a cyber analyst for various intelligence communities. Finance has been my hobby since high school, and I have found great success through real estate, stocks, options, and other financial products. Through my experience, I have found the market is not always logical and is often based on the emotional trading of millions of individuals, allowing deals to be found by those who know what to look for.

About Wealth Library: I am passionate about investing and love learning how the most successful investors and business owners achieved their legacy. This blog will serve as the confluence of my personal studies. With the hundreds of hours of information put out daily about investment advice, significant economic events, business valuations, lessons from past investor mistakes, and mentorship from those in their own business journey ... it is impossible to retain the overwhelming amount of information. This blog will help me write down the summary of key books, economic events, and strategies for a quick reference at a later date.

Popular posts from this blog

Boot Barn Holdings Inc (BOOT)

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TLDR: HOLD Macro   ◇   Management   ◇   Risks   ◇   Fundamentals   ◇   Valuation   ◇   Investors Boot Barn (BOOT) is a US retail chain that sells western and work-related footwear, apparel, and accessories to a diverse customer base, including enthusiasts and blue-collar workers. Even with current negative macroeconomic factors, including short-term demand destruction for consumer cyclical, revenue growth supports that the business's profits will continue to rise, making it an investment opportunity available at a staggering discount for investors with a medium to long-term time horizon. Sustainable competitive advantage while trading at attractive valuations, with potential future valuations becoming more favorable. Impressive business growth, solidifying itself as the industry leader in a niche market. Macroeconomic factors will allow the investor to get in at the trough of the consumer cyclical. Business Model Boot Barn is a US-bas...
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Stocks

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TLDR Stocks are simply the ownership shares in a company. This represents a percentage the stockholder owns of a company and how much they share in the company's profit/loss. IMAGE:Drew Angerer/Getty Images What are they and what is their purpose? Stocks are a type of tradeable security that provides stockholders with a share of ownership in their chosen company. Stocks should be viewed as actual ownership of a business. All of the business' gains and losses are reflected in the stock price. The stock market is where these assets predominantly change hands. Owning these types of assets is unique to other investments because the public can readily access them and the market provides a reasonably high level of liquidity.  How are profits distributed? The two major ways a company redistributes profits to shareholders are through dividends and stock buybacks. Dividends are cash handed back to the shareholders based on their ownership of the company, not requiring them to sell any o...
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Clason: The Richest Man in Babylon

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Summary "The Richest Man in Babylon" by George S. Clason is a classic personal finance book that imparts timeless wisdom through a collection of parables set in the ancient city of Babylon. These parables contain valuable financial lessons that are as relevant today as they were when the book was first published in 1926. In this summary, we will distill the key takeaways from the book and provide actionable steps for readers to implement in their own financial lives. Start thy purse to fattening: The first and most fundamental principle of financial success in Babylon is to save a portion of your income. Clason advises that at least 10% of your earnings should be saved. This is the foundation upon which wealth is built. Action : Begin saving at least 10% of your income, and gradually increase it as your financial situation improves. Make thy gold multiply: To grow your wealth, you must put your savings to work. Babylonians are encouraged to invest their money wisely, seeking ...
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