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Tuesday, July 15, 2014

A Joke About Economists

A Joke About Economists

Man walking along a road in the countryside comes across a shepherd and a huge flock of sheep.

Tells the shepherd, “I will bet you $100 against one of your sheep that I can tell you the exact number in this flock.”

The shepherd thinks it over; it’s a big flock so he takes the bet.

“973,” says the man. The shepherd is astonished, because that is exactly right.

Says “OK, I’m a man of my word, take an animal.” Man picks one up and begins to walk away.

“Wait,” cries the shepherd, “Let me have a chance to get even. Double or nothing that I can guess your exact occupation.”

Man says sure. “You are an economist for a government think tank,” says the shepherd.

“Amazing!” responds the man, “You are exactly right! But tell me, how did you deduce that?”

“Well,” says the shepherd, “put down my dog and I will tell you.”

Monday, July 14, 2014

Growth or Value Investing?

Should you be a value investor or growth investor for 2014? Watch this video.

Monday, July 7, 2014

The Best Way To Get Rich

Which asset class is the best performing one?
Looking back at returns in the last 10 years, 20 years ...
Next 20 years inflation expected so which asset class is predicted to do better?  Watch this video.

Sunday, July 6, 2014

33 Tell-Tale Signs You're An Entrepreneur

How Many of These Questions Resonate With You?
(Answer the Questions and Discover the Entrepreneur Within):

The Multi-Tasking Entrepreneur: Source

  1. Always thinking? Your mind's been accused of being 'over-active' (by those who were too sluggish to keep up)? As if there's something wrong with you because you don't resemble the herd? Now you know - that's how it is with entrepreneurs, and without conscious effort.

  2. Find inspiration often? Anywhere & everywhere because of your open-mindedness, instinct and keen, pro-active senses?

  3. Have a deep well of Passion? You're a driven person for the things you believe in. In fact you're obssessed once you start on a project.

  4. You're results-oriented? You have clear goals because you know what you want and you're not afraid to pursue these once your mind is made up.

  5. Good at spotting opportunities? And capable enough to secure some of these?

  6. Can-do attitude? Not afraid to get your hands dirty you do whatever it takes to get there.

  7. You can multi-task? A blessing when your cortex functions like a multi-core processor especially in the early start-up days when money can be scarce and sales are non-existent.

  8. Have Big-screen vision? And also the HD smarts to tackle small details?

  9. Have understanding of business, financial and tax aspects of businesses?

  10. You're a lifelong-learner? You have an insatiable curiosity and enjoy sharing as much as you enjoy learning from others.

  11. You love a challenge?  In fact you need ongoing challenges to keep life interesting?

  12. You can mingle with "kings and commoners"? You're streetwise and can engage with both mainstream - your future client-base? - and high-flyers.

  13. Have wide interests? This fuels your reading and vice versa. You're an avid reader.

  14. Self-motivated and auto-booting? You don't need an external boot-strap to get you out of bed each and everyday for the things you love.

  15. "I can do this better" when you see something sub-standard? Ideas spring to mind. You see potential, even castles where others see - mess or plain dirt!

  16. Articulate? You don't have difficulty communicating your vision, etc. Your persuasive power is greatly augmented by your enthusiasm and passion.

  17. Problem-solving oriented? You select the best instead of the easiest solutions. The long route is not a deterrent if it means the best results. 'Bring it on' is your battle-cry!

  18. Your work-ethic is colossal? You'd easily fit within any workplace in China (where 12-hour days are common).

  19. Jack-of-all-Trades? They say you won't be master of any if you're a JOAT but you know this is how you have to start until you secure venture capital funding. Ask any garage start-up. Sales, Tech, Finance, Gopher jobs - you tackle them all with gusto.

  20. Have loads of determination and resilience? "Can't keep a good man down forever" - that's You! How you get up is more important than how you fall. "The Art of the Comeback" by Donald Trump inspires you.

  21. Not afriad to take (calculated) risks?  where the benefits & odds of winning have been weighed against the possibility and the extent of potential losses.

  22. Have courage and wisdom? You stand behind your convictions and remain true to your ideals.

  23. You hate taking orders and chafe`if you have to work under 'managerial' buffoons? They on the other hand may be wary of you as a career threat (you unwittingly show them up?).

  24. You like being your own boss? Your ideas and style do not fit in at your current workplace.

  25. You're overworked and under-appreciated at work? Or you dislike your current job? You always dream about being elsewhere other than your job even if you do not dislike it.

  26. Your current job / field does not offer the freedom or scope to express your creativity or address your need to grow (to avoid being and feeling stunted)?

  27. You dislike the lengthy commute to-and-from work and the inflexible office hours?

  28. You are independent? A genuine free-thinker and not status-conscious.

  29. You want to change and improve the world or rescue it? You have a (big) dream.

  30. In tandem with this you feel a (strong) need to help people?

  31. You have a 'eureka' moment - you realise you want to start your own business?

  32. All your ducks (of opportunity) are lined up perfectly for starting a business?

  33. You have added incentive to strike out on your own? Perhaps an unexpected redundancy, illness, divorce, death in the family, 'midlife crisis' or other personal but pivotal circumstances eg. the arrival of a new baby.

If you answered these questions with more 'yes's than 'no's then it's time to start the business that you have been contemplating. When your ducks line up, take a shot because you can hardly miss. Roast duck, Peking duck - it's all yours for the taking!

The Best Time to Take a Shot is When Your Ducks are All Lined Up!

And if you still feel diffident about proceeding check out my Recipe for a 'Hope and Success Stew' that's been around the pantry of many a successful entrepreneur:

SUCCESS TIP: Behind the Dark Clouds of Doubt lies the Silver Lining of HOPE if you empower yourself to Believe!  Faith and Hope are the secret ingredients for Mashing Mountains especially if you add a generous dash of Committment, a ton of Elbow Grease and NEVER Quit Stirring Your Goulash until it's Cooked to Perfection ... and then SOME!!                                                                 Nb: >>

Your Dish is Not Done Until It's Served (aka Shipped - Steve Jobs).

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