Random Thought 16 – Need vs Want
PS: Language warning
The Role of Luck in Life Success Is Far Greater Than We Realized
What does it take to succeed? What are the secrets of the most successful people? Judging by the popularity of magazines such as Success, Forbes, Inc., and Entrepreneur, there is no shortage of interest in these questions. There is a deep underlying assumption, however, that we can learn from them because it’s their personal characteristics–such as talent, skill, mental toughness,…
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11 Mental Tricks to Stop Overthinking Everything
Being a leader requires confidence, decisiveness, and quick thinking–none of which are served by overthinking every decision or scenario or worrying about every move you make. There’s a time to think, a time to act, a time to reflect, and a time to move forward. Overthinking causes us to spend too much time thinking, getting stuck in a loop of…
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Tesla Had 5 Founders. Why Did Only Two Get Really Rich?
Electric car upstart Tesla gathered reporters at a Santa Monica Airport hangar on a July afternoon in 2006 to unveil its battery-powered roadster, an audacious, $100,000 two-seater for which few automotive experts saw much hope of success. The company’s brash, tech-savvy CEO, Martin Eberhard, declared that Silicon Valley ingenuity would teach Detroit’s auto giants how…
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Property vs shares: Is there a winner?
The two super powers in the investment game are property and shares. Some people feel that it’s a battle between these two vehicles, and that there is a clear winner. Well … you be the judge. Personally, I believe it doesn’t have to be one or the other, it can and should be both. After…
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This Is What It Sounds Like…When Funds Die
A common refrain in investing circles is to comment that there are too many mutual funds and/or ETFs in existence. “Why do investors and allocators need tens of thousands of funds to choose from?” they might say. And they’d be right. But what gets lost in that conversation is that the fund landscape would be…
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We’re Already at Dow 54,452
This is something I was completely unaware of. Anyone who has given even a moment thought to how the Dow is calculated will appreciate that it is a useless anachronistic tool but I had no idea how screwed its calculation was. Apparently, the calculation of the Dow has a series of historical errors that were…
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