Black & Hispanics have no doubts !
The IBD/TIPP poll — a collaboration between Investor's Business Daily (IBD) and TechnoMetrica Market Intelligence (TIPP) — has been the most accurate poll in recent presidential elections.
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not so miserable life!
From BBC,
Jose Mourinho says
living alone in Manchester has become a "bit of a disaster" and is
beginning to tire of photographers camped outside his hotel.
Mourinho, 53, has
been living in the city's Lowry Hotel since being appointed United manager
in the summer.
Yet the Portuguese
claims he is loath to venture out because of the persistent hordes of
photographers.
"I just want
to cross the bridge and go to a restaurant. I can't, so it's really bad,"
Mourinho told Sky Sports.
for 10 million pounds a season i would live in a different city too. His kids are 20 so no big deal. José use your time to work big time.
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Doing something right in Japan!
More about Japan:http://thoughtmeme.blogspot.pt/2015/04/lets-be-more-japanese.html
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We need one of this in my Country !
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why i don't watch tv anymore
8 more years with this family on TV every day !
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Wednesday colection
People seldom do what they believe in. They
do what is convenient, then repent.
Bob Dylan
“The mind that opens to a new idea never returns to its original size.”
Albert Einstein (a German-born
theoretical physicist with wild hair and endless mind-opening ideas)
Within about fifteen
years of stopping smoking, your lung-cancer risk approaches that of a lifelong
nonsmoker. Your lungs can clear out all the tar buildup and, eventually, it’s
almost as if you never smoked at all.
Michael Greger, MD
With over $500 million of equity money raised already, Tri Alpha made a major breakthrough last year, using plasma technology to control the fusion reaction needed to generate power. While there is still plenty of work to do, Samberg told Real Vision in a recent interview that the firm is well on its way to its goal of producing clean electricity, without a steam turbine, for just pennies per kilowatt hour.
Business Insider
Stop pining for the good old days: This is as good as it gets … until it gets better.
It’s hard to find a measure of the quality of life in the U.S. that was not markedly lower in 1950 than it is today. In that year the median family income was $28,000, compared with $64,000 in 2013. Life expectancy at birth was 68 years, vs. 79 today, and tuberculosis, syphilis, whooping cough, and measles were still considerable killers—with prevalence between 10 and more than a hundred times today’s levels. One reason for poorer health was lower-quality housing: About a third of houses still lacked decent indoor plumbing (compared with fewer than 2 percent today), and air conditioning was a rare luxury. The homicide rate did climb in the 1960s and ’70s, but it has dropped since, and the 1950s level was higher than today’s. The year 1950 was also when the Korean War broke out—1.5 million American men were drafted to fight, and more than 36,000 died (five times the U.S. death toll in Afghanistan and Iraq).
Bloomberg
My comment: One day energy is going to be free! it's not far away. If you can stop smoking today after a bit (i stopped smoking Pipe in 2009) you don't miss it at all. I stopped smoking in the day my firm said no more smoking inside. I did't want to go down to the street to smoke. too much trouble. And finally yes the good old days were much worse than what we have now. and it's getting better.
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you get what you pay for!
From WSJ, By ROB COPELAND
Steven A. Cohen is boosting the bonuses he pays to the top traders managing his $11 billion family fortune, but only if they beat the market.
The move is in some ways a return to the free-spending ways of Mr. Cohen’s former hedge-fund firm, SAC Capital Advisors LP, which stopped managing outside investors’ money after the firm pleaded guilty to insider trading three years ago.
It also reflects pressure on the hedge-fund industry to deliver better returns than benchmark market indexes. Mr. Cohen’s firm, Point72 Asset Management LP, doesn’t manage external money, but the billionaire filed documents this spring to set up a new firm that can eventually seek outside funds.
Point72 had been paying its stock pickers a fixed 20% bonus on investment returns regardless of how they performed against broader benchmarks. That meant they could be paid handsomely just for matching a rising market.
Under the new bonus system, Point72 will boost those payouts to as much as 25%, but it will only pay the top bonuses on so-called alpha, industry parlance that roughly translates to investment performance above a market benchmark.
I think if you pay for performance you will get what you pay for. However it's a good optionality to make a bonus if you do well and get zero if you do a lot worse!. The best system is of course some long term measurement. if you did very bad last year you have to come back before you can make a BONUS.
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Gentle but inexorable rise in the quality of life
Science is the belief
in the ignorance of experts
Richard Feynman
The are two ways to tell the story of the twentieth century,” writes Matt Ridley, a self-proclaimed rational optimist. “You can describe a series of wars, revolutions, crises, epidemics, financial calamities. Or you can point to the gentle but inexorable rise in the quality of life of almost everybody on the planet: the swelling of income, the conquest of disease, the disappearance of parasites, the retreat of want, the increasing persistence of peace, the lengthening of life, the advances in technology.
Yes life is getting better in almost all fields, yes all. It's a process, it's evolution it's getting faster. Everyday we invest, improve and trough trial and error the world goes forward bit by bit.
Top down inventions, and government programs are responsible for an amazing few improvements in our world. where do progress comes from? bottom up granular research and experiments.
yes the future will be even better.Violence & crime are going down everywhere (Countries that engage in trade) for 200 years.
the struggle for survival is getting less acute. People have more options, travel is not an adventure anymore.
As Matt Ridley says very clearly the good old days were never good!
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Trade, not aid, proved the best way to achieve an increase in prosperity.
South Korea and Ghana had the same income per capita in the 1950's. One received far more aid, advice and political intervention than the other. It is now by far the poorer of the two. In General, Asian economies grew their way out of poverty in the late twentieth century, while African economies failed to be aided out of poverty. Trade, not aid, proved the best way to achieve an increase in prosperity.Matt Ridley
Growth & development can't be ordered or created. In history the best predictor of prosperity is open markets and trade. all the top down receipts world bank programs & foreign aid don't work. Open markets do.
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No country for young people
In Europe social protection schemes are maintained for the old but the younger don't have access to them. Besides unemployment is much bigger for the young generations.
This country is not for young people!
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The Weekend Collection
We want Berlin to remain a place where average earners
can afford do live
Matthias Kollatz-Ahnen, City Finance chief FT
A recent study by swiss bank UBS found that Vancouver
topped the list of six cities worldwide in housing bubble status. House prices
in all of them are up about 50% since 2011
A Gary Shilling
Just as you do not have to listen to the local singer,
but can hear Placido Domingo, so you do not have to be thought by local teacher
in the modern world
Matt Ridley
"I never dreamed about success. I worked for
it."
Estee Lauder
The reward of a thing well done is to have done
it.
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Too much Education
But do the facts bear out this notion that education is the elixir of economic growth? Is there any evidence that it was education that drove countries to prosperity, or vice versa? Alison Wolf examined the data in exhaustive detail in her book Does Education Matter?, and concluded that the answer is a surprising "no".Matt Ridley, the Evolution of Everything
The evidence shows that for an individual Education pays big time. If you have more degrees you get more money. Employers see the degrees as evidence that you are a docile future employee.
For countries the bet on more education & more degrees doesn't work? why?
i don't know but i guess people with degrees don't have more productivity vs....
what they learn doesn't work in practice
College don't make you a better person
and finally many jobs are destined to holders of high degrees and normal people could do them easily and that is a waste of money &time.
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When you find something that works that is called winning
‘trial’ and error is a tremendously powerfull process
for solving problems in a complex world. While expert leadership is not.
Tim Hartford
"The strategy for the discoverers and entrepreneurs is to rely less on top-down planning and focus on maximum tinkering and recognizing opportunities when they present themselves. So I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or "incentives" for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can."
Author: Nassim Nicholas Taleb
Author: Nassim Nicholas Taleb
This is the way to do better to improve , try often , try a lot and keep doing what works. Boat designs that sunk are not repeated but boat designs that are afloat....The ocen decides what should be done. In the markets you shoud try a lot and stop what is not working.
Don't spend money in consultants, just figure out what is working.
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Why Parking lot business is dying
“The age of centralized, command-and-control, extraction-resource-based energy sources (oil, gas, coal and nuclear) will not end because we run out of petroleum, natural gas, coal, or uranium. It will end because these energy sources, the business models they employ, and the products that sustain them will be disrupted by superior technologies, product architectures, and business models. Compelling new technologies such as solar, wind, electric vehicles, and autonomous (self-driving) cars will disrupt and sweep away the energy industry as we know it.”― Tony Seba, Clean Disruption of Energy and Transportation: How Silicon Valley Will Make Oil, Nuclear, Natural Gas, Coal, Electric Utilities and Conventional Cars Obsolete by 2030
On average cars are idle 95% of their life parked in some garage or street.
in the future sharing is going to replace ownership because it cost 10% to do the same in a sharing vehicle. You could do a lot with the other 90%
Yes things are changing fast. Deflation is a reality.
https://www.youtube.com/watch?v=Kxryv2XrnqM
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Francisco Carneiro
Lisbon Family Office
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