If you are going to trade stocks, you just have to follow one rule and remember one thing. That rule is always have a definite knowledge advantage about the company you are trading, and always remember that every stock transaction has a sucker, and you have to know whether its you or the person on the other side… Read More »
We’re in a very confusing atmosphere. People didn’t really know what to make of a 300-point rally in the Dow the other day, but my main message was that 300-point rallies from the Dow don’t happen in bull markets. In fact, they never happened in the bull market from October ’02 to October ’07, but it has happened… Read More »
Your greatest risk isn’t that you’ll make mistakes that will cost you. Your greatest risk is that you’ll miss opportunities. You need an entrepreneurial mindset, not an employee mindset. Don’t be too concerned with the risk of loss  be more concerned with the risk of missed gains. It’s what you don’t know and what you don’t do… Read More »
I want you always to think of the donkey. Never forget, because your two emotions, fear and desire, can lead you into life’s biggest trap, if you’re not aware of them controlling your thinking. To spend your life living in fear, never exploring your dreams, is cruel. To work hard for money, thinking that money will buy you… Read More »
This good story about Well-being vies for credibility, published yesterday in the Taipei Times, offers a great discussion of why GDP isn’t the sole or even the best measure of human economic or non-economic happiness. Here’s a quotation from the story. “…Stiglitz said that economists have felt for a long time that GDP is not a good measure… Read More »
Can you show me a mock-up to help us choose a designer/developer? No. I fell for this once when I was young and naive. I made no money and wasted lots of time. Don’t do unpaid work for the chance to be paid. This wouldn’t fly in any other industry, so why web design? The best case scenario… Read More »
(Or don’t let this happen to YOUR blog!) Recently, many popular and less popular blogs were cashing on the craze for buying and selling blogs. BloggingFingers, CashQuests and a slew of others have been sold. It was John Cow who recently posted what happened,they were bought by IEntry.com for a largish sum (about $15,000). So what was CashQuests.com?… Read More »
Keep your thoughts positive, because your thoughts become your words. Keep your words positive, because your words become your behaviours. Keep your behaviours positive, because your behaviours become your habits. Keep your habits positive, because your habits become your values. Keep your values positive, because your values become your destiny. Mahatma Gandhi (1869-1948). This quotation is never more… Read More »
Chasing the latest investment craze is incredibly easy, as we are bombarded with success stories at every turn – the neighbor who got in on the hot IPO, our brother-in-law with his 30% hedge fund return last year, and the advertising campaigns of the top mutual fund companies, proclaiming their latest star performers (how often does a mutual… Read More »