The Paradox Of Skill
The Paradox of Skill from Trading Game Pty Ltd
If You Could Live the Second Half of Your Life Differently From The First, What Would You Do With It? – Michael Yardney
By now you’ve probably read a bit about Wealth Retreat 2016 and if you’ve thought about joining us this year please read on, because I’ve found out that some people who really wanted to join us have counted themselves out, thinking they didn’t qualify, when in fact they did. If you are serious about building…
Tesla’s Model 3 Lives Up to the Hype
Tesla has lifted the veil on its most important undertaking: the Model 3, a $35,000 car designed to bring electric vehicles and autonomous driving to the masses. By the looks of it, and the interest it’s attracting, it just might succeed. On Thursday, Tesla raked in 134,000 reservations, each with a $1,000 deposit. And that was before…
Life After A Blockbuster
How do businesses cope after achieving blockbuster success – click the pic below to find out.
Everything you need to know about whether money makes you happy
It’s a cliché that “you can’t buy happiness”, but at the same time, financial security is among most people’s top career priorities.1 Moreover, when people are asked what would most improve the quality of their lives, the most common answer is more money.What’s going on here? Who is right? A lot of the research on…
Welcome To Iceland
Kviabryggja Prison in western Iceland doesn’t need walls, razor wire, or guard towers to keep the convicts inside. Alone on a wind-swept cape, the old farmhouse is bound by the frigid North Atlantic on one side and fields of snow-covered lava rock on another. To the east looms Snaefellsjokull, a dormant volcano blanketed by a…
Apollo 17 In Real Time
This is beyond brilliant…..go back to a time when humans actually did something amazing. Click here
The Coming Extinction of the Video Store Clerk
A profound failure of an industry to adapt – click the image below for the full story. For a good look at the role adaption plays in corporate life I would recommend Tim Harfords book Adapt. More here – The Wall Street Journal
The 3 Biggest Obstacles to Becoming Financially Free – Michal Yardney
Last weekend at a private client function I was conducting I had the good fortune to have conversations with a number of our Wealth Retreat graduates. I was talking with them about their experiences since attending our 5 day workshop, what they had learned, what they were doing differently and how they were leveraging the…
The Tide Turns
FOR decades looking after other people’s money has been a lucrative business. Profit margins in the asset-management industry were 39% in 2014, according to BCG, a consultancy, compared with 8% in consumer goods and 20% in pharmaceuticals. The industry’s global profits in 2014 were an estimated $102 billion, allowing firms to pay those picking stocks…
Hedge Fund Returns
I thought I would update this. It combines data from the Barclays Hedge Fund Index and available total yearly returns for the S&P500
Valeant Pharmaceuticals
The ongoing saga of Valeant and its capacity to make dickheads out of apparently the hedge fund industries best and brightest intrigues me because it displays the power of the narrative over rational decision making. Consider that hedge fund managers are the highest paid individuals in the world and for their multi billion dollar salaries…
A 99-Year-Old Wall Street Veteran Reveals the Secrets of Her Success
Not my philosophy but remarkable longevity in an industry where most are transient and leave after a few years if they have not made it big. As she nears 100, Irene Bergman has some advice for enjoying a long career on Wall Street: Don’t do anything stupid. Consider investment returns, the financial adviser at Stralem…
