Archives of “relatives” tag

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Still Want to Invest With George Soros?

  
Analysis, Education
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Bummed that George Soros has closed his fund to outside investors and will no longer use his 2 and 20 from your cash to destroy America? The SEC has been thinking about your problem, and have come up with something that could be good both for your PA and for your love life.
Solution: marry George, or one of his children or nephews. If that doesn’t sound very appealing, you could also keep your eye out for any “lineal descendants (including by adoption, stepchildren, foster children, and, in some cases, by legal guardianship) of a common ancestor (who is no more than 10 generations removed from the youngest generation of family members).”

Under new SEC rules, that will let you invest with George without subjecting him to irksome regulations. On the downside, your shiftless relatives can’t co-invest, and you’re out in the cold again if you get divorced.

[T]he new rules are causing a commotion with family offices, who used to be able to serve in-laws, distant cousins and even ex-wives of the family but now can’t. …

For instance in-laws no longer count as family — which may be happy news

Ramayana On Wealth

  
Education, Life
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In Ramayana Guru Vashistha explains to Lord Rama that in this world, wealth is the most important thing. There is not much difference between a poor and a dead person . A wealthy person seeking after Dharma and prosperity will succeed at all cost but the poor person striving for prosperity will find it difficult to attain.
Sage Vyasa writes in Mahabharata, that through wealth one attains Dharma, Kama and Moksha. Even day to day life in this world is not possible without wealth in hand. Hence, the Artha is important for rest of the three, Dharma, Kama and Moksha.
 
The great economist Chanakya writes in his sutras that the root of human happiness lies in Dharma, and the root of Dharma is wealth and prosperity. The motive of any karma or action is the gain of wealth and prosperity which bestows dharma and Kama. Chanakya has also mentioned in his work that one who has wealth and prosperity has friends and relatives and only then he is considered as a man and he is able to live his life according to his wishes.

Following my Parameters

  
  Education
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1) Relative Strength or Weakness- there’s no reason for me to pick from the mushy middle, as the biggest movers come from the best and worst 5% of the market.

2) Abnormal Volume- it can be abnormally high or abnormally low, but I’m looking for stocks that are doing something different that they’ve done in recent days or weeks.

3) Abnormal Range- again, high or low tells me something…average tells me nothing.

4) Identifiable Support(Longs) or Resistance(Shorts)- I have no need to be the first, that’s for the really brave and really smart(maybe).  If the idea is that good, I’ll have days/weeks/months to milk it…in case you haven’t heard, the second mouse gets the cheese.

4) News Absorption- I like to participate AFTER news events…it gives me a good idea of the temperament of a stock’s owners. It may have broken out from a base.  It may have been crushed but then built a base.  It may have reacted poorly to a “great” report. In any case, I want to see how a stock reacted the last time there was real news, and position myself on the side that has taken control since then.

6) Doubt- this is a tricky one, but our ideas should not be SO obvious that our relatives and neighbors love the idea.  Buy worry, short hope.  Buy after panic, short after euphoria.  I’m not saying to ignore an idea because your Twitter stream agrees with you…haven’t we filtered our list to only those we respect?  But take a second to check your spot on this curve, and where you sit on this idea.

25 Unwritten Rules of Management

  
  Education
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1. Learn to say, “I don’t know.” If used when appropriate, it will be often.
2. It is easier to get into something than it is to get out of it.
3. If you are not criticized, you may not be doing much.
4. Look for what is missing. Many know how to improve what’s there, but few can see what isn’t there.
5. Viewgraph rule: When something appears on a viewgraph (an overhead transparency), assume the world knows about it, and deal with it accordingly.
6. Work for a boss with whom you are comfortable telling it like it is. Remember that you can’t pick your relatives, but you can pick your boss.
7. Constantly review developments to make sure that the actual benefits are what they are supposed to be. Avoid Newton’s Law.
8. However menial and trivial your early assignments may appear, give them your best efforts.
9. Persistence or tenacity is the disposition to persevere in spite of difficulties, discouragement, or indifference. Don’t be known as a good starter but a poor finisher.
10. In completing a project, don’t wait for others; go after them, and make sure it gets done.
11. Confirm your instructions and the commitments of others in writing. Don’t assume it will get done!
12. Don’t be timid; speak up. Express yourself, and promote your ideas.
13. Practice shows that those who speak the most knowingly and confidently often end up with the assignment to get it done.
14. Strive for brevity and clarity in oral and written reports. (more…)

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