Bill Gates explores this question in his 2013 Annual Letter, highlighting innovations in measurement that are helping to eradicate poverty and disease.
SAC
Braces for Big Exodus. The hedge-fund group has been bracing for client
withdrawals of at least $1 billion this year—nearly 17% of its AUM. (Wall
Street Journal)
Inflation is a tax on capital and it slowly eats away at your portfolio. It also takes a chunk out of your wallet.
With the printing presses running in Washington, how can you tell if things are getting more expensive? It isn't a trick question, you simply compare prices with what they used to be.
While it is something to watch, I'm not hearing much concern. What about you?
What a great speech ... short, simple, and to the point. Hope you get something from it.
After you watch the video, here is the transcript.
Life is tough, that's a given.
When you stand up, you're gonna be shoved back down.
When you're down, you're gonna be stepped on.
My advice to you doesn't come with a lot of bells and whistles. It's no
secret, you'll fall down, you stumble, you get pushed, you land square
on your face. And every time that happens, you get back on your feet.
You get up just as fast as you can, no matter how many times you need to
do it.
Remember this, success has been and continues to be defined as getting
up one more time than you've been knocked down.
If experience has taught me anything, it's that nothing is free and
living ain't easy.
Life is hard, real hard, incredibly hard. You fail
more often than you win, nobody is handing you anything.
It's up to you to puff up your chest, stretch your neck and overcome all
that is difficult, the nasty, the mean, the unfair.
You want more than what you've now, PROVE IT!
You want beat the very best out there that is, get out there and earn
it!
Once you decide that, you'll know where it is you want to be, then you
won't stop pushing forward until you get there! That's how winners are
made.
At the end of the day, success is what we all want.
We all want to win, and the race will be won. There is no question about
that.
So come on, get out on top, run faster, dream bigger, live better
than you ever have before. This is in you. You can do this. Do it for
yourself. Prove it to yourself!
American Airlines and US Airways announced their merger this week. The combination will produce the world’s largest airline, based on combined revenue.
American recently freshened its 45 year old logo, which now includes a stylized U.S. flag image on aircraft tails, the long-time signature look of US Airways planes.
I
travel a lot, so I have had the opportunity to talk about this with
many airline employees. Clearly, they are not happy. A pilot said the
problem is that both companies had angry employee cultures ... and
smaller troughs make pigs meaner.
Welcome to the friendly skies.
Here are some of the posts that caught my eye. Hope you find something interesting.
Here is a chart showing the asset mix held in separately managed accounts by public, non-financial U.S. corporate entities. It covers 2008 through the present.
January was a good month for the stock market in the United States, which could be a sign this will be a good year.
According to data from the NYTimes, only once in the past 63 years did the Standard & Poor’s 500 rise more than 4 percent in January and then end the year lower than it was at the end of January. That was in 1987, which also was the best January in the history of the S. & P. 500.
Since the credit crisis low, the S. & P. 500 is up 121 percent, more than major indexes in most of the 20 largest markets in the world.
Whether you think you can ... or you think you can't ... you're right. ~ Henry Ford
Slack-Lining is kind of like tight-rope walking (except the line isn't as taut ... so it moves and bounces around). The image to the right is of me trying it less than six inches off the ground.
It was harder than you might guess ... Perhaps fear of falling contributed to the heart racing and muscle tension that went along with it.
Josh Beaudoin (the guy trying to steady me) claims that slack-lining is not an adrenaline sport. It is about being composed in the moment. It is about finding the confidence to face your fear and the power to manage your emotions.
Listen to some wisdom as you watch an awesome video by Josh. It was shot in Rock Canyon near Provo, UT.
Imagine the experience of being up there ... and what we do down here doesn’t seem risky.
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