I have not filed a tax return for 8 years. Why? 1: taxation is illegal. 2: I paid tens of millions already and received Jack Shit in services. 3. I'm done making money. I live off of cash from McAfee Inc. My net income is negative. But i am a prime target for the IRS. Here I am.
Ogilvy on discipline: “Insist that due dates are kept even if it means working all night Hard work never killed a man People die of boredom There is nothing like an occasional all-night push to enliven morale-provided u are part of the push Never leave the bridge in a storm”
“This willful refusal to learn the rudiments of the craft is all too common. I cannot think of any other profession which gets by on such a small corpus of knowledge.” David Ogilvy, on advertising
somewhere out there a hyper-leveraged retail forex trader just had the best (or worst) day of their life
A vast network (to understand context): "90% analysis, 10% tidbits" "Many hold the view that this activity is a casino. The markets integrate all known information about any financial asset. They are like the hydraulic center of an economy, with tremendous leverage and power."
Aggressive but disciplined "You have to be willing to make mistakes regularly" First Iraq war: "we made an amateurish mistake that war had not been discounted" "You can be right on a course of events but wrong on price"
Bruce Kovner, 1991 Avoiding publicity: "I don't want to be defending a position or worried about looking good" (avoid commitment bias) Unlike academics "markets are elegant in their discipline. They tell you whether you are right or wrong unambiguously"
Dividend achievers w >10% annual growth rate
2018 has been a year of historic accomplishments!
China
The PBOC released its annual "Financial Stability Report" Friday night....it's a real page turner. The Chinese have "created" US$50.1 Trillion in "Junk Financial Assets" in just four short years....Holy crap! deep-throat-ipo.blogspot.com/2019/01/ Feel free to re-tweet.... HAPPY NEW YEAR!
Goals for my 2019 morning routine 1-Meditate for 2 hrs upon waking up 2-Warm up by jogging for 12 miles 3-Workout for 2 hours 4-Read at least 2 books 5-Eat breakfast composed of kale and the tears of my enemies 6-Meditate for another 2 hrs 7-Get to desk by 5am for normal workday
There's a need for a pseudo-anonymous identity layer, where people can confirm the authenticity of the source but not necessarily identify them
Most important chart right now. 2 year TIP yield. This is the after inflation yield that an investor can achieve (ie: the real yield) for next two years. For the first time in a decade, this yield is now firmly positive. Tough for risky assets priced for perfection to compete.
The University of Michigan Has At Least 82 Full-Time Diversity Officers at a Total Annual Payroll Cost of $10.6M. That Would Support Full In-State Tuition for 708 Students.
I'm starting a China watchers discussion group. To apply you must be US based VC bro, professor who spent a weekend in Beijing who decides to write a book on China, or politician who needs to justify that high speed rail link through Des Moines. Please DM to apply
Bitter & sour -> health Sweet -> illness Hard activity & cold & hunger -> health Comfort and full belly -> illness I'm sensing a pattern here.
There's little money in health. The big money is in disease.
An association for losers (of the Birkensock footwear category) whose major skill is scoring on a particular test.
I think it’s time for me to tell my full story. It might lose me some followers but so be it.
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