Be a trader not an Investor

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
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Better be beautiful than ugly!


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
In one study, good grooming of applicants in a simulated employment interview accounted for more favourable hiring decisions than did job qualifications -this, even though the interviewers claimed that appearance played a small role in their choices.(Mack &Rainey, 1990)


Because we like attractive people and because we tend to comply with those we like, it makes sense that sales training programs include grooming hints, that fashionable clothiers select their floor stuffs from among the good looking candidates, and that con men are handsome and con women are pretty.
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Flat line = Dead






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.
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Join the public sector or leave the country


  • 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!
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with 82 kg


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Always think never believe


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
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Iceland


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.




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