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Money, Money, Money

Money, Money, Money
part of materialism by Philip Greenspun; updated July 2015 Site Home : Materialism : One Article "When young people ask me about the law as a career," said one litigator, "I tell them that in this country whom they choose to have sex with and where they have sex will have a bigger effect on their income than whether they attend college and what they choose as a career." -- Real World Divorce, Introduction How to Get Rich "There are three ways to make money. A young man asked an old rich man how he made his money. Most people who are rich chose their parents wisely. If Donald Trump had taken the millions he inherited from his father and put it all into mutual funds, you'd never have had to suffer through one of his books. For most of the 20th century, common stocks returned an average of 7 percent per year, adjusted for inflation. How to Lose it All "Death, Disease, and Divorce are the big wealth destroyers," is an old saying in the financial services industry. Mutual Funds Index Funds Options

This is It: Your Ultimate Public Speaking Cheat Sheet There’s a lot of advice out there about how to give a great talk. And—let’s face it—when you’re already panicked about public speaking, reading article after article can get a little intimidating. Which is why we loved this infographic, which boils down all the essentials—from ways to make an impact on your audience to tips to prepare 24 hours before—into one quick, fun read. Whether you’re giving a huge talk at a conference or presenting at your monthly staff meeting, consider this your ultimate cheat sheet. Infographic courtesy of London Speaker Bureau. Can We Send You a Helpful Email? More articles like this one, job opportunities you'll actually like, and advice that doesn't sound like it was written in the '80s. Success! Check your inbox for your first installment of Muse goodness.

Nightmare Mortgages 52 Must Read Quotes from Legendary Investor Warren Buffett is without question the most successful investor of our time (and possibly of all time). His savvy deal making abilities coupled with his creative and cheerful personality allowed him to achieve success like no other. While searching the web for the comments he’s made through the years, I found many insightful comments that truly show off Mr. Buffett’s knowledge so I want to share 52 of these with you below! Let me know what you think! A public-opinion poll is no substitute for thought.Chains of habit are too light to be felt until they are too heavy to be broken.I always knew I was going to be rich. I don’t have a problem with guilt about money. Price is what you pay. His savvy deal making abilities coupled with his creative and cheerful personality allowed him to achieve stock market success like no other. Tagged as: History, Investors Zecco Trading is know for providing free stock trades. Related Posts

15 styles of Distorted Thinking 15 styles of Distorted Thinking Filtering: You take the negative details and magnify them while filtering out all positive aspects of a situation. Polarized Thinking: Things are black or white, good or bad. You have to be perfect or you're a failure. There is no middle ground. Checklist for Hidden Anger Procrastination in the completion of imposed tasks. Top ten geek business myths Since I've started my new career as a venture capitalist I have become keenly aware of some of the classic mistakes that geeks make when trying to raise money for a new business. Instead of writing the same comments over and over again I thought I'd try to summarize some of the mistakes that people -- especially smart people -- make when they decide to try to turn their bright ideas into money. Here then is my top-ten list of geek business myths: Myth #1: A brilliant idea will make you rich. Reality: A brilliant idea is neither necessary nor sufficient for a successful business, although all else being equal it can't hurt. Myth #2: If you build it they will come. There is a grain of truth to this myth. But despite the fact that on a technical level FlowNet blew everything else out of the water it was an abysmal failure as a business. Myth #3: Someone will steal your idea if you don't protect it. Myth #4: What you think matters. Myth #5: Financial models are bogus. Good luck.

Tutorials Ponzimonium After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ... Quarterly Earnings Report A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ... How to tell a story like Malcolm Gladwell I bought Outliers two days ago. And though I’m familiar with many of the stories that Gladwell tells I’m still entranced. They work on the printed page and they’ll also work for you in a presentation. How does he do it? Here’s my analysis of Gladwell’s storytelling techniques – illustrated by Chapter Five of the book. 1. Gladwell’s book explores why certain people are exceptionally successful. 2. Before he starts his story, we get a description of Joe Flom: He is short and slightly hunched. So as Gladwell tells his story, we can visualise Flom in our minds. 3. He doesn’t just tell us that Joe Flom’s family was poor – he tells us: His family moved nearly every year when he was growing up because the custom in those days was for landlords to give new tenants a month’s free rent, and without that, his family could not get by. That detail helps us plunge into Joe Flom’s early life – you imagine yourself having to move every year just to get a month’s free rent – that’s emotive and memorable. 4.

The Motley Fool UK: Fool's Eye View 25/01/2002 By Actively-managed investment funds are big business. No matter how much the Motley Fool talks about the benefits of a cheap index-tracking strategy, the reality is that most people's money gets directed to 'managed funds'. Part of the reason for this is that the managed funds have more money at their disposal for marketing, but it also comes down to the fact that people simply aren't happy with being average and average, before costs at least, is what a tracker is designed to achieve. So, if you want to buy a fund that's not average, how should you go about it? The first thing to do is decide what you're looking for. Human nature being what it is, though, most people simply want a fund that has a chance of coming out ahead of the average. Sticking like a rash What you're really looking for when comparing investment funds are factors that show persistence. The National Lottery is an interesting example of what I'm talking about. Fund Rating Services Take this one from ThisIsMoney.

The 10 Best Games for Learning About the Stock Market Much like skydiving, playing the stock market is not an activity you want to learn through your mistakes. Fortunes are made and lost all the time by people who think (or thought) they had a handle on stock trading. If you have a few million you can afford to lose, or you're investing with someone else's money (you're a bank, in other words), by all means, jump right in. But for the other 99%, we recommend simulating the experience of stock market investing first, to learn what to do and not do with your hard-earned cash. Here are the 10 best games to help you do that. WeSeed:While some of the games on this list may be more concerned with purveying entertainment than education, WeSeed's No. 1 goal is to teach people about the stock market and take the fear out of investing.

Monk Mode: Stronger, Smarter, More Refined | Illimitable Men “What a man can be, he must be. This need we call self-actualisation.” – Abraham Maslow Monk mode is a self-improvement framework for improving your worth, and in turn, increasing the quality of person you are. Many people fail to integrate self-improving habits into their life because they have psychological hurdles they struggle to overcome and are easily distracted by nonsense that confers them no benefit. Monk mode is about mitigating distraction and focusing solely on self-betterment by filling up your time with activities that improve you as a human-being. The sacrifice: you’re going to be minimising your time contribution to social obligations and junk activities. When I talk about “junk activities”, this is the kind of thing I’m referring to: All these activities are distractive or masturbatory; they confer no benefit in the long run, but are fleetingly pleasing in the short-term. Introspection is to look inward, to evaluate one’s self. Improvement: Relevant Reading: Like this:

ETF Investing Guide - Seeking Alpha It's arranged right here in short chapters to make it easy to read online. For a quick overview, read the one-page summary. It presents the key points from each chapter, and links to them for fuller explanation. The Three Goals of Investing Was Peter Lynch Really Right? Your Stock Picks Aren't As Good As They Seem The Problem With Tech Stocks Did Stock Picking Distract You? How To Beat the Market The Challenge of Trying to Pick Small Cap Stocks Measuring Stock Pickers’ Underperformance Why You Shouldn’t Buy Mutual Funds Mutual Fund Ratings How to Run a Mutual Fund Company So You Thought Mutual Funds Help You Diversify? Summary: What Not To Do Why Indexing Wins Do You Really Need Help With Asset Allocation? A 1-Page ETF Primer The 7 Advantages of ETFs Over Index Mutual Funds ETFs Are Cheaper Than Index Mutual Funds The Single (But Serious) Disadvantage of ETFs Summary: A Better Approach A Core ETF Portfolio Understanding the Core Portfolio The Low-Maintenance ETF Portfolio What to Buy in Which Account

investment philosophy - Bogleheads The Bogleheads® follow a small number of simple investment principles that have been shown over time to produce risk-adjusted returns far greater than those achieved by the average investor. Many of these ideas are distilled from Nobel prize-winning financial economics research on topics like Modern Portfolio Theory and the Capital Asset Pricing Model. But they are very easy to understand and to implement, and they work. In fact, the basis of all of these principles is the idea that successful investing is not a complicated process, and can be accomplished by anyone with a small amount of effort. These ideas come from the investing philosophy of Vanguard-founder Jack Bogle. This wiki article provides many details about how to apply these principles, given constraints, such as the specific tax-advantaged accounts an investor has available. Develop a workable plan Live below your means. Invest early and often Watch the video Fig.1. Never bear too much or too little risk Watch the video

Bananas and Monkeys Original source unknown. (But the story appears to have some basis in fact.) Start with a cage containing five monkeys. Inside the cage, hang a banana on a string and place a set of stairs under it. Before long, a monkey will go to the stairs and start to climb towards the banana. After a while, another monkey makes an attempt with the same result - all the other monkeys are sprayed with cold water. Now, put away the cold water. After another attempt and attack, he knows that if he tries to climb the stairs, he will be assaulted. Next, remove another of the original five monkeys and replace it with a new one. Most of the monkeys that are beating him have no idea why they were not permitted to climb the stairs or why they are participating in the beating of the newest monkey. After replacing all the original monkeys, none of the remaining monkeys have ever been sprayed with cold water. And that, my friends, is how company policies are made. Return to Jim Huggins' Humor Page

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