Regulation

Wednesday, April 24, 2013 Francisco Carneiro 0 Comments

TAGS:

When a lot of people lose a lot of money, there is a cosmic need for scapegoats and increased regulation.
A Gary Shilling, 2013


Regulation is strangling businesses of all sizes in California, and we've got to streamline regulation so it's easy, not hard, to do business.



“Another advantage of increased regulation is creating thousands of jobs for lawyers.”
From LCM Perspective, Seymour Lotsoff


The idea that you can regulate prosperity is a big mistake, a world with no risks is a more fragile one than a world where some people win and some people lose / make wrong decisions. Without trust we do much less than we used to do. This is one of the reasons the world has stalled. After 9/11, the amount of rules/regulation/limits etc… really prevents business to run smoothly. 

Gold

Tuesday, April 23, 2013 Francisco Carneiro 0 Comments

TAGS:

There are good reasons to own gold. And to buy gold, there is now a reason which did not exist a week ago: It's 30% cheaper.

Dylan Grice

Ready Again

Tuesday, April 23, 2013 Francisco Carneiro 1 Comments

TAGS:

Transportugal starts on the 4th of May

Today is my 46 birthday my Tanita says it'a still 29!

Saturday, April 20, 2013 Francisco Carneiro 0 Comments

TAGS:

Be of service

Friday, April 19, 2013 Francisco Carneiro 0 Comments

TAGS:

Do something that genuinely helps others and makes the world a better place in a major way. That’s the way to have a happy, fulfilled life.

On the Saddle in the North of Portugal

Thursday, April 18, 2013 Francisco Carneiro 0 Comments

TAGS:

This picture was taken in Hippikos where i spend the best Holidays with my two boys. Good food, riding 3 different horses a day, and an amazing view.

http://www.hippikos.pt/I30000instalacoes.htm

Goals

Wednesday, April 17, 2013 Francisco Carneiro 0 Comments

TAGS:

Only about 3 percent of adults have clear, written goals. These people accomplish five or ten times as much as people of equal or better education and ability but who, for whatever reason, have never taken the time to write out exactly what they want.

From the Book Eat the Frog

I don't have a clue if there is hard data supporting this phrase. 

However, in the Book What they don't teach you at HBS, Mark McCormack tells a study conducted on students in the 1979 Harvard MBA program. In that year, the students were asked, "Have you set clear, written goals for your future and made plans to accomplish them?" Only three percent of the graduates had written goals and plans; 13 percent had goals, but they were not in writing; and a whopping 84 percent had no specific goals at all.
Ten years later, the members of the class were interviewed again, and the findings, while somewhat predictable, were nonetheless astonishing. The 13 percent of the class who had goals were earning, on average, twice as much as the 84 percent who had no goals at all. And what about the three percent who had clear, written goals? They were earning, on average, ten times as much as the other 97 percent put together.

What might be the reason for this?

1.If you set a goal you must think a bit where do you want to go. Many people just live day by day without a direction. To know where you want to go is a big plus.

The secret of success is constancy of purpose.

Benjamin Disraeli

I have some goals but not big goals. I have a weight target, i have a classification goal on the mountain bike Transportugal, etc.... but i don't have a goal like i want to be..... after this i will set some more intermediate goals.

I should stick with him!

Tuesday, April 16, 2013 Francisco Carneiro 0 Comments

TAGS:

The moment i was surpassed by José Silva the guy who ultimately won the race. I finished 35th 45 minutes behind him. Of course i could not keep up with him. Very thin guy a true professional.

Need to lose some more weight!

Gold

Tuesday, April 16, 2013 Francisco Carneiro 1 Comments

TAGS:

– Darth Vader, Star Wars 




If Gold tomorrow went to USD 100 what would i do? I would buy more, i don't see the end of printing.soon. 

Easy step to improve your life

Monday, April 15, 2013 Francisco Carneiro 1 Comments

TAGS:

News is bad for you – and giving up reading it will make you happier

Working on the Saddle

Monday, April 15, 2013 Francisco Carneiro 0 Comments

TAGS:

Finished my first race of the season

Monday, April 15, 2013 Francisco Carneiro 0 Comments

TAGS:

I raced the Ultra marathon of Serpa Saturday

Finished 35th among some 300 finishers, best time ever, 7h14 (previous best 7h33). Burned some 5000 calories. My average pulse was 150, i spent the first 3 hours above 160.

the course was 165 k with some 2800 mts of climbs. Not technical at all.

I started fast with second group. felt ok until km 91 where i stop to refill the camel back with water. I only stopped 2 minutes at this check point in all the race to refill and took 1 banana. I pee while traversing a small river without stopping!

I ate only seeds, dates, figs & almonds. Ate some electrolytes every hour to prevent cramps.

Unfortunately after km 91 i started to have small cramps in the back of my stronger leg (right), i became a bit alarmed because i still had some 80 k in front of me!

I cruised to the finish line. I know i can do more. i will do more.

what was the problem? After thinking a bit, Sunday i spend some time in my Garage and checked the distance between the saddle and the pedals in my new bike. And it turns out 97 cm vs 96 in my oldest bike. This difference made all the race very uncomfortable. If it wasn't the help of my friend João Miguel Garcia, who finished 34th i would probably would slowly cruised until the finish line. I thank him for the help, we rode together for almost 7 hours.

I know i can do better than this.

Final board

http://www.srp160.com/index.php?option=com_content&view=article&id=7&Itemid=269&lang=pt&pagina=2

At the Start

First race of the season

Friday, April 12, 2013 Francisco Carneiro 0 Comments

TAGS:

Be a trader not an Investor

Wednesday, April 10, 2013 Francisco Carneiro 0 Comments

TAGS:

The market is expensive. In the 10 years after situations similar than this you make 0.

Don't sit on stock's buy funds that buy & sell and that can trade around positions.

Don't sit, it's time for action & caution.

















Graph from John Haussman Funds

Better be beautiful than ugly!

Tuesday, April 09, 2013 Francisco Carneiro 0 Comments

TAGS:

Most people assume being good-looking gives you a career boost. But just how much does it help?

A lot. Good-looking people charm interviewers, get hired faster, are more likely to make more sales and get more raises.

From WSJ

http://online.wsj.com/article/SB10001424052970203687504576655331418204842.html

In this article the professor says that it doesn't pay to invest in looks, because we are what we are. My experience is different, i think both on the professional and on the personal sides it pays to lose weight, get in shape and dressed up.
Do what you can, the looks makes a big difference. One of the reasons is that you become more confident. 
Even if you are dumb, because of the halo effect, very attractive people are perceived to be more intelligent. If we find someone very good in one attribute  we tend to also think that person is good in other things.

R.B. Cialdini says in Influence, 1984

Flat line = Dead

Tuesday, April 09, 2013 Francisco Carneiro 0 Comments

TAGS:

What is the problem with the world? There is too much of everything.

What is the problem with that? You have deflation, the prices should go down to raise demand

Is there a problem with Deflation? yes if you know that something is going to be cheaper tomorrow you wait

If lot's of people wait you have a big recession and the prices go down even more. You will get a big unemployment but at some point you reach an equilibrium. Very painful.

What is the solution?

I don't know, if you give 500 usd a month to every soul what would happen (Print & Give)?

I guess you would get a bit of inflation on hard asset's and the prices of everything else would stop the falling

after some years with automation prices would start to go down again and we would need to print USD 1,000 per person.

This is a kick the can solution.

Join the public sector or leave the country

Monday, April 08, 2013 Francisco Carneiro 0 Comments

TAGS:

• In simple terms the fellows managing France’s economy have organized a system such that the public sector can continually pillage the private sector.

  
  

  From Gave Kal

  
  

  

  
  

  
  

  This is not only in France, in Portugal the public sector has been robbing the private sector since the revolution. The smart move of course is to join the public sector or emigrate.
  
  The Portuguese high court just ruled on the basis of justice between the public &Private sectors that the Government can't cut the salaries of Public employees. The Judges themselves can retire after only 10 years in office! Justice!

  
  

  
  

with 82 kg

Friday, April 05, 2013 Francisco Carneiro 0 Comments

TAGS:

Always think never believe

Tuesday, April 02, 2013 Francisco Carneiro 0 Comments

TAGS:

Fast-forward to March 1st, when Cyprus's newest FinMin, Michalis Sarris, had this to say to
waiting reporters after his party's win in the general election:
(WSJ): "There is nothing more foolish than talking about a deposits haircut," Mr. Sarris
told journalists. "The important thing is to come to an agreement as soon as possible."
Exactly two weeks later, depositors were shut out of banks and left helpless as the new
government, at the behest of the EU, stole their savings.

By Grant Williams

Iceland

Tuesday, April 02, 2013 Francisco Carneiro 0 Comments

TAGS:

What saved Iceland from mass unemployment after its banks blew up – or saved Sweden and Finland in the early 1990s – was a currency devaluation that brought industries back from the dead. Iceland’s krona has fallen low enough to make it worthwhile growing tomatoes for sale in greenhouses near the Arctic Circle.

Cyprus Has Finally Killed Myth That EMU Is Benign, By Ambrose Evans-Pritchard, London Telegraph

People are much easier tricked into a loss of buying power through a devaluation than to cut their salary! However once inside the euro it's a ruin to exit it. It's a complete disaster. The solution? Cut the labor costs in the uncompetitive European countries and the process is the following

loose job
Unemployment go trought the roof
go to unemployment during 18 months
change perceptions inside your head
emigrate or accept a low paying job
Unemployment starts to go down

Problems: Minimum wage forbids people with low skills to get a new job in some countries.

The end result from a devaluation of the currency would be the same. You have a job but the money you get is not enough to buy anything.