Thought of the Day: JUSTDOIT

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Saturday my wife was stuck in Nice (She attended the Cannes media week ). Strikes all over France, once finally inside the plane the airport handling guys hit the plane with the stairs and they had to go back to a hotel because the plane was damaged. Of course it takes hours to embark and disembark and to get the Hotel Voucher. Next day no food service because of another strike and the plane stayed in the Tarmac for 2 hours without water waiting for the controllers to give the green light. Why do European equities underperform? Because there is not a culture of delivering a service. People (public service) don’t care about the final client. I will short Europe anytime. Not all Europe UK is not like that and Switzerland too.

Sometimes I tell my kids it’s easy to do well in life, why because 90% of the people don’t care they don’t care the way they put dishes in the washing machine, they don’t care the way they make their bed, they don’t care the way they park the car. Lots of people need someone that comes after to fix the job. If you care you are in the top 10% just like that. In Nice they don’t care.

Image result for biggest wave nazare 2018 rodrigo

Man needs difficulties; they are necessary for health

Carl Gustav Jung

Enron had the following Value Statement,
Integrity,
Communication
Respect and
Excellence

The Real Company Values, as opposed to the nice sounding values, are shown by who gets promoted, rewarded or let go

Rick Hastings Netflix

Yes you get what you pay for. simple. when you promote someone in your firm people will copy that person. it works.

"In three words I can sum up everything I've learned about life: it goes on."

Robert Frost

My view of the world for 2017 and on is the following

1.The improvement of everything that we have seen in the last 200 years from declining in crime, curruption, growing life expectancy etc... will continue. These are facts not impressions.
2.The good old days were not good at all
3.Productuvity growth is deflationary. I see more discoveries and new Technics to do more with less.
4.No inflation
5.Plenty of free time. Lot of people with not a lot to do.
6.Leisure, sports, meditation, tourism, Yoga, Shiatzu, culture will continue to grow
7.Very difficult environment to make money with money
8.Specialization will increase with online information it pays to be the best
9.The EU will stay together because the younger generation want it
10.Less and Less babies everywhere
11.If it pays big time to be the best in a Globalized world the big contries that strive to be the best will continue to do well
12.People will continue to be nicer to each other and to treat well animals etc... more & more
13.Communications are almost free in the Developed countries (Skype, What's up, etc...) more things will be free in the future (energy, trasportation etc...)
14.As long as open borders and "free" commerce are still intact it's doesn't matter which government we have. less and less people will vote and really it doesn't matter
15.The countries that are out of free commerce will continue to get poor & poor
16.One day governments will try to tax asset's and not income. It will be trendy to have very little
17.Brexit doesn't matter as long as they trade freely with Europe
18.oil could go down big time in 2017
19.Interest rates will tend to zero
20.Education will be free. It doesn't make sense to pay a lot for high education
21.Move to the cities will continue because it's more fun, more security, more opportunity to live in a big city
22.Number of Holiday days is going to grow
23.Technology & big data will win over tradition & guessing
24.The countries that vote for less open market policies will suffer and will be poor. It takes time but the result is always the same
25.I don't see a bull market in equities
26.I see bull market in some stock's and companies not markets
27.Since people are flowing to cities the planet says thanks. More forests, more free space etc...

Life has never been better but we have to get busy. There are reasons to get busy, culture, education and many many things are essentially free

enjoy them!

The secrets of life are hidden behind the word cliché

He had heard certain phrases like “ eat more vegetables” a million times, but ignored them for years, as it seemed too simplistic. Ultimately, it was the simple that worked

Shay Carl

This is not cliché but it’s also true

Work will work when nothing else is working

Shay Carl

You realize that you will never be the best looking person in the room, you’ll never be the smartest person in the room. You’ll never be the most educated, the most well versed. You can never compete on those levels. But what you can always compete on, the true egalitarian aspect of success, is hard work. You can always work harder than the next guy

Casey Neistat

Nothing works like work. i have seen it it's good to be smart but you can outwork almost everybody. I have noticed that what differentiates people is not what they do at work on normal job hours because everybody does the same, what you do at night makes a big difference.

people think that the smart people with the highest IQ win but that is not true work + action always ultimately win.

you can get 95%of the results you want by calmly putting one foot in front of the other

Tim Ferriss

I think this is very much true, do't rush but don't ever stop. just keep going. In my bike races if i stop to pee it's almost impossible to get back to the group! That it's why i never stop, just keep going for hours and hours.

here is a picture from saturday we rode until the end of Europe, Cabo da Roca the most western point in Europe.

Across the sea we have USA.

The best surprise is no surprise

Holliday Inn ad

Good news is no News

Only catastrophic news sell

There is solid experimental and theoretical evidence that within a decade, urban dwellers will have to wear gas masks to survive air pollution….by 1985 air pollution will have reduced the amount of sunlight reaching earth by one half

Life Magazine, 1970

BY the time my young sons reach retirement age, half the world’s species will be extinct, the air radioactive and the seas polluted with oil

Jared Diamond, scientist 1995

The ten worst sources of contagion are our fingers

Mayo Clinic Slogan

Winning isn’t everything, but wanting to win is

Vince Lombardi

Without discipline, there's no life at all.

Katharine Hepburn

"The best revenge is massive success."

Frank Sinatra

Notes:

yesterday i order some toys for my 2 year old son at Amazon. I was amazed that they email me later in the day saying that Your Amazon.co.uk order of "Orchard Toys Red Dog, Blue Dog" and 3 more item(s) has been dispatched! Amazon is a very good logistic business they can pack and ship my items in a matter of hours.

Good news is no news. Unfortunately it's true. If i own a TV channel i would give notice to the wonderful things that are happening in the world everywhere. yes the world is getting better in everything for 200 years non stop, from poverty, to crime, to air pollution, hunger, disease , child mortality, longevity, quality of life, leisure time, everything ...........but the media always tries to crate a view that the Good old times where so much better. There where never good old times, only struggle and pain. People love to complain.

what could disrupt this 200 year march of progress and prosperity? only one thing, lack of commerce, lack of globalization and treat to property rights. Yes just look at the only place in the world where progress and improvements are almost frozen for 70 years. Africa. NO property right and the borders are close to commerce.

Have a wonderful weekend. Here in Lisbon i hope to cycle outdoors.

I read the book from Nick Littlehales (Sky team coach) and some other articles about the subject. I fall asleep easily but i wake time and time again during the night.

What do i take from all this reading that i can use in my life

1.you sleep less and less as you become older
2.you feel sleepy during some parts of the day even if you slept a perfect night the previous day
3.If you sleep one night really bad there is no problem, as long as on a week basis you have some days with normal sleep
4.there is only one good position to sleep well. Side to your weakest side (my case left). i use to sleep belly down.
5.you should wake up everyday, weekends included at the same time
6.if you have a party and get to bed later that usual don't compensate and sleep late
7.don't overeat & drink before going to bed
8.Don't have phones , i-pads or tv in the bedroom
9.Don't check your phone in the middle of the night
10.Don't have a too hard mattress
11. Do some exercise, get some natural light during the day.
12.Keep your room dark, cool and quiet
13.nap as much as you can but for a short time each time.

I will try the side position and to cut a bit on the coffee!

If you were allowed one wish for your child, seriously consider wishing him or her optimism.

Optimists are normally cheerful and happy, and therefore popular; they are resilient in adapting to failures and hardships, their chances of clinical depression are reduced, their immune system is stronger, they take better care of their health, they feel healthier than others and are in fact likely to live longer.

Daniel Kahneman, Nobel laureate in Economics

Most environmentalists still haven’t got the word. Worldwide birth rates are in free fall…On every part of every continent and in every culture (even Mormon), birth rates are headed down. They reach replacement level and kept on dropping

Stewart Brand

Speak properly, and in as few words as you can, but always plainly; for the end of speech is not ostentation, but to be understood.

William Penn

That man is the richest whose pleasures are the cheapest

Henry David Thoreau

You can't build a reputation on what you are going to do.

Henry Ford

One of the first duties of the physician is to educate the masses not to take medicine.

Sir William Osler, Aphorisms from his Bedside Teachings (1961) p. 105

British (Canadian-born) physician (1849 - 1919)

Go long substance and short status

Pieter Thiel

PS couldn’t agree more. Forget the diploma and go for it. Start working, start doing , learn online, read, try, don’t wait for the diploma to get a job. If the diploma is from Harvard it might pay back even if you spend your time parting !

Buy on the rumor; sell on the news.

Wall Street Proverb

One of the indictments of civilizations is that happiness and intelligence are so rarely found in the same person.

William Feather
(1908 - 1976)

I finally figured out the only reason to be alive is to enjoy it.

Rita Mae Brown
US author and social activist

Better to rely on one powerful king than on many little princes.

Jean de La Fontaine
French poet (1621 - 1695)

The secret to wealth is simple: Find a way to do more for others than anyone else does. Become more valuable. Do more. Give more. Be more. Serve more. And you will have the opportunity to earn more--whether you own the best food truck in Austin, Texas, or you're the top salesperson at your company or even the founder of Instagram.

Tony Robbins,

One Pharmacy near my house decided to open 24 hours a day every day in the year!

Just that. now there are always customers getting in and out. Yes the sure way to survive is to do more for your customer. Focus on your customer experience and you will do well.

The regulation, the compliance, the army of lawyers and rules are not your customer. don't get confused, only the customer matters, the rest is just noise that you have to comply but that really doesn't make you better.

Doctors consultations per capita, 2009 and change
between 2000 and 2009

Smart People go to College, but college doesn’t make people smart.

A Gary Shilling

This is completely true but since employers believe that---->

if you have a College degree from a good Institution this guy is smart

you should do all you can to get a stamp from a good school !

However if you are not very smart and since College does not turn you into a very smart person (as Gary Shilling rightly points out) you will get a job because you have the stamp but once you are inside a company you are going to have problems. It's going to be clear that you are what you are.

what should you do if you are not one of the smart people in the world. If you work hard and diligently you will surpass many smart people than you! I know this is true.

To want to win is 90% of the success.

this is the best phrase ever

It's not how good you are, it's how good you want to be

Paul Arden

Today’s “best practices” lead to dead ends; the best paths are new and untried

Peter Thiel

In his excellent book Zero to One, Thiel says there are two ways to improve

Copy something that works somewhere and do it everywhere— Globalization

Inventing something new, create a new path a better solution – Technology

In the last 10 years who has done better countries that copy best practices or the ones where people are engaged in inventing the future?

In the last 10 years Nasdaq is up 119% in USD, S&P up 53,77%, German Dax up 44% in USD and for example the mexico Index IPC is up 14% in USD. My country Portugal the stock index is down 62% in the last 10 years.

These numbers are without dividends but i don't think it changes the picture a lot.

What is the conclusion? If you can build a new path. It pays. Do it

8 more years with this family on TV every day !

Image result for bill and hillary inc economist

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.

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

Nothing is impossible. Some things are just less likely than others.

Jonathan Winters

The reward of a thing well done is to have done it.

Ralph Waldo Emerson, The Conduct of Life, 'Fate,' 1860
US essayist & poet (1803 - 1882)

‘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

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.

But here's the biggest question: Do you need an iPhone 7 or iPhone 7 Plus?

Nope. Oh, you may want a better phone ... but you're unlikely to need a better phone.Or in many cases, need a better anything -- other than a better you.It's easy to assume adopting new technology is the key to success. But chasing new technology is a waste of time when you spend more time searching for improved "stuff" than you do on working to improve yourself.Here's a good example: cycling. The use of carbon fiber and advanced aerodynamics has made bicycles incredibly sophisticated -- and expensive. Go to a triathlon, even an entry-level "sprint" triathlon, and you'll see hundreds of $6,000, $8,000, and $10,000 bikes. Even the most casual of competitors spend thousands of dollars pursuing incremental performance gains. High-tech is the norm, not the exception.

A couple years ago I did a triathlon with a friend who is 1) a professional cyclist and 2) way too candid. A group formed around him in the staging area. One of the participants, a rather portly gentleman, talked about buying a $9,000 bike.
"A lighter bike will definitely be worth it," the man declared, obviously confident a pro cyclist who rides the most cutting of cutting-edge bikes would agree.
"Oh, hell no," my friend said. "If I were you, I wouldn't waste money on a lighter bike. You'd be a lot better off if you just lost 10 or 20 pounds."
And that was the end of that conversation.

http://www.inc.com/jeff-haden/why-you-dont-need-a-new-iphone-7-but-you-really-do-need-a-better-you.html

I couldn't agree more, you don't need more stuff more gadgets more upgrades. What you need is a better you. how do you do it? do a little better today vs yesterday. improve a bit . that will take you a long way but it's not easy to beat yourself. In cycling i work with one of the best Portuguese coaches and we try to improve just a bit every year. It's not easy. why? because last year i was already working hard.

About gadgets i always think about the US, everything is old, infrastructure, 2G, still using Blackberries, etc... and despite this they are the best. Even Boeing is less tech than AIRBUS but they do equally well or better.

Start where you are. Use what you have. Do what you can.

Arthur Ashe

People don't care!

Biggest wave ever surfed

Man needs difficulties; they are necessary for health

Yes you get what you pay for. simple.

My new year predictions for the future

Work will work when nothing else is working

No hurry, no pause

The best revenge is massive success

How to sleep better

Weekend Edition

True ideias !

Do more. Give more. Be more. Serve more.

Life expectancy has no relation with doctor visits!

It's not how good you are, it's how good you want to be

Copy the best practices or inventing a new thing?

why i don't watch tv anymore

Wednesday colection

The Weekend Collection

When you find something that works that is called winning

Do you really need an I-phone 7 ?

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