Archives of “low expectations” tag

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21 Ways Rich People Think Differently

  
Education, Life
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1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.

2. Average people think selfishness is a vice. Rich people think selfishness is a virtue.

3. Average people have a lottery mentality. Rich people have an action mentality.

4. Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.

5. Average people long for the good old days. Rich people dream of the future.

6. Average people see money through the eyes of emotion. Rich people think about money logically.

7. Average people earn money doing things they don’t love. Rich people follow their passion. (more…)

Must-Read Interview with Howard Marks

  
  Education
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Barron’s had an awesome interview over the weekend with Howard Marks.  They made it the cover story for a reason.  If you missed it, you must immediately read it here.

For those that don’t know, Howard Marks is the chairman of Oaktree Capital Management ($77 billion under investment).  They focus on distressed debt and Warren Buffett is one of his biggest fans.  What I found very appealing was his use of sentiment in his overall market thesis.

He’s been in this game longer than I’ve been alive and whenever I see someone willing to share what they’ve learned, it is like Christmas.

Here are a few of my favorite quotes from the story and my take. (more…)

21 Ways Rich People Think Differently

  
  Education
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1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.

2. Average people think selfishness is a vice. Rich people think selfishness is a virtue.

3. Average people have a lottery mentality. Rich people have an action mentality.

4. Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.

 5. Average people long for the good old days. Rich people dream of the future.

6. Average people see money through the eyes of emotion. Rich people think about money logically.

7. Average people earn money doing things they don’t love. Rich people follow their passion.

8. Average people set low expectations so they’re never disappointed. Rich people are up for the challenge.

9. Average people believe you have to DO something to get rich. Rich people believe you have to BE something to get rich. (more…)

Greece for sale!Now only at $ 1725

  
Analysis, Education, Politics
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www.ebay.com/itm/Greece-sale-/170817574881?pt=LH_DefaultDomain_0&hash=item27c58557e1#ht_628wt_1396

From the item specifics:

 I’m offering my country for sale. What is left of it anyway. Slightly used, low wages, low pensions,  low expectations. Lots of sunshine though, free at the moment.

 Many natural resources, minerals etc that are still untouched. Bureaucracy at its best. Great bribe-to-do system, over 20 years of experience.
 Obedience at the IMF, bankers and the Troika is guaranteed, no questions asked. (more…)

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