Posts Tagged ‘work’

Life Choice

Posted: January 22, 2017 in Thought for the Day
Tags: , , , , , , ,

“Are you taking orders from the masters?  Every day, I wake up and choose to stay free.  To work on what I want to work on.  To play when I want to play.  I choose to live the life I always dreamt I would live.  Today you have to choose too.” –James Altucher

Advertisements

“The point is that I don’t believe you need the mind of a champion to be successful in business.  You need to do only two things: work harder than all those who are competing with you and imitate the actions of successful people you admire.  If you do that long enough, you will have the success you yearn for.  And as a bonus, you will have acquired courage and confidence, too.” -Mark Ford

Brain Game

Posted: November 23, 2016 in Thought for the Day
Tags: , , , , ,

“If you do the same thing every day, your brain gets used to it.  Then the tenth time you do it (the hundredth time) your brain doesn’t even realize it’s doing it.  That’s why people who work the same 9–5 job for 40 years feel like ‘the years went by so quick!’” –James Altucher

“Most people assume that if you know about investing, you must also know about economics, which is a related discipline.  But that’s completely untrue.  It’s analogous to thinking that someone who knows how to drive a car also knows how one works.  Economics is the study of how men go about producing and consuming; investing is the practice of allocating capital for maximum returns.” -Doug Casey

“The one thing I wish I had known in my 20’s…. EVERYTHING you think is important and meaningful has absolutely no bearing on your future life….   So the only thing I can with full integrity say I wish I had known is: nothing at all matters….  The main skill I got between my 20’s and now is that I bounce back from bad things faster….  Now I bounce back from bad things faster.  It’s freeing.  I go all out every day.  I throw myself into everything.  I cut what doesn’t work and I ignore the rules that keep me from doing what I know is possible.  And when I do everything works better for me.” -James Altucher

“You work a job to make money.  You work a career to build something you value.  A job is something you do to make money.  A career is a life’s vocation.  With a job, you are always thinking about the time you won’t be working.  With a career, you are always thinking about the career even when you aren’t working….  The litmus test for determining whether you have a job or a career is this question (suggested to me by Gary North many years ago): If you could afford to, would you do it for free?” -Mark Ford

The investment-advisory industry is a huge, multi-billion dollar business based on hard work, clever thinking, and sophisticated algorithms….  [T]he unfortunate truth is that the financial establishment rarely looks beyond stocks and bonds.  And if you think about it, why would it want to?  It makes its money by ushering you from one ‘hot’ stock or ‘amazing’ fund to the next….  Because they know that you have heard that ‘diversification of assets’ is good, financial advisers give you the illusion of diversification by filling your stock portfolio with businesses that are ‘diversified’….  But at the end of the day, it’s all invested in stocks or stock derivatives.

Asset allocation is the process by which you spread your wealth across different sorts of investments….  Over the years, I have made hundreds of individual financial decisions….  I could see very clearly that it was not particular buy/sell decisions that accounted for this good fortune.  It was the general decisions about asset allocation that paid off.” -Mark Ford