“In the enterprise-state, as in corporations, people don’t have rights, they have tasks; the company is not a commonwealth organized for the good of its members – its purpose is profit… Survival of the company has to take priority over individuals’ interest and benefits. Those who would prefer to fight against the company’s culture and goals could have to choose: leave or adjust.” ~ William A. Callahan in China Dreams reviewing Megatrends by John Naisbitt.
“Workplace survival. The thing to remember is not how well you do but what you do to benefit yourself.” ~ A story of Lala’s promotion
An excerpt from the interview with Chris Camillo:
Readers may be concerned about amateur stock investors losing money. Any thoughts on the risks involved?
People are generally risk-adverse with their money. I think all humans have a hard-wired aversion to losing money, and there’s a large psychological barrier to overcome with risking your money on a stock trade or a leverage options trade. So one of the things that I teach prior to even thinking about finding the next big thing is learning how to compartmentalize your finances.
Most of us have a spending account. Many of us have a savings account, which could include a retirement account. And that’s money that we count on to retire with, and to get rich slowly over the course of our life. But what few of us have is what I call a big money account. So I encourage all people to view every dollar in their life as a potential hundred dollars for its full future potential investment value. And when you start to look at everything in your life, every dollar bill as a hundred dollars, it uncovers all types of money that all of a sudden you might be willing to put into your big money account. For example, you might really appreciate getting all the sleep you can on the weekends, so you might hire someone to mow your lawn. However, if you view that $20 as a potential $2,000 for its full investment potential, that might persuade you to go out and mow your own lawn, to take that $20 and put it into your big money account. Now you have an account that you’re willing to take risks with, that you’re willing to make leverage investments with.
– Be patient
– Invest 20% – 40% of portfolio if investing once or twice a year “Invest with conviction”
– Critical observation on trends that Wall Street misses
Even though it seems convenient to consumer, I really concern about privacy issue. Too much data minding nowadays. Google will be able to collect money from retailers and possibly become a creditor issuing e-credit cards.
Look at the graph of Yuan currency in this video. It slowly appreciates.