Trust

Sunday, June 24, 2012 Francisco Carneiro 0 Comments

Over the decades that have followed, I’ve noticed that pattern in several more places. Successful people are usually more trusting. Less successful members of the middle class are often obsessed with locking up their houses and cars, suspecting that the world is out to get them, and avoiding risk.


http://www.mrmoneymustache.com/2012/06/11/get-rich-with-trust/

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A good day in the mountains

Monday, June 18, 2012 Francisco Carneiro 0 Comments


PS For me it’s difficult to decide what i want, i like so many things! Normally I want what I have and enjoy it a lot.
Saturday I did my first podium in a Mountain Bike race. I did 3rd in the UltraMarathon EOX 240k (one of the biggest one day events in Portugal). I did 11h18 minutes. Last year I did 12 hours on the same event from Vila Verde Ficalho until Zambujeira do Mar. This year we had some NW wind which did not help.
I left Lisbon with my brother Friday at 6,30 pm. Stopped at Portel near Évora to eat at the best restaurant on the village called Hotel. I was thinking about some pasta but they didn’t have any of the sort. I had Pulp rice which is not ideal with Alentejano Bread and olive oil. A bit of red wine too.
Saturday I wake at 4 am and eat pasta at Monte da Retorta in Serpa (One of the best places to stay in Alentejo, good view, nice rooms and a top breakfast), arrived at the start in Vila Verde Ficalho at 5h45, 15 minutes before the start. I had to rush to the start line and when I got there something was wrong! I saw that I had the road bike shoes instead of the mountaing bike shoes that stayed in Lisbon.
The day was over before it started!
I went back to the car, and found my Spinning class shoes, changed and back to the start line. Everybody was gone and I was the last one to start! I start passing the slow people fast, pulse was at 175. After km 5 I got a wire/ arame into my chain/Cassette and had to remove it with care. I was the last one again. Then I start to pass people and at Check point (CP) 1 at km 60 I was 15th. I stopped refill my camelback and eat bananas. The organization had some mechanics from Tangerina shop that took care of my bike. All of this in less than 1 minute. I did the same until CP4 at km 202. Always refill and eat a lot. At CP4 I asked about my position and my brother said I was 4th and the 3rd was 15 minutes ahead of me. In mountain bike it’s impossible to make that time in 40 k if the guy doesn’t die. But he did die, the Homem da marreta arrived for him and I saw him in the distance struggling. The Podium was possible!
 When I got near him he said he was with a problem in the navigating system (GPC) and came with me for a while. He was young ang belong to the Repsol Team, full of Tatoos everywhere. Not good at all.
 I had to do something because I could not keep up with this guy in a finish sprint.
When the last climb of the day came I started to move a little faster without showing effort or deep breath, when we where in the middle of the climb I spoke with him asking about his GPS with a normal voice (I tried hard on this). After this he stayed behind and I never saw him again.
It was a great day that didn’t started so well. As you can see in the picture I need to lose some weight and perhaps some years to be able to fight Gonçalo Correia (Gonçalo did Transportugal 2012 and stayed 3 places ahead of me) the winner and a very good cyclist!
Tomorrow I am going to London to visit Hedge Funds. Next week I will be in São Paulo. I am very happy.

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Real difficulties

Friday, June 15, 2012 Francisco Carneiro 0 Comments

Real difficulties can be overcome. It is only the imaginary ones that are unconquerable
- Theodore N. Vail


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Advice

Thursday, June 14, 2012 Francisco Carneiro 0 Comments

If you had a son or daughter just beginning to invest, what would you tell them to do to best prepare themselves for a lifetime of good investing?

Learn to be wrong. Traditional education trains us into thinking that we have to be right to get the grade. With investing and trading, focusing on being right will bring assymetric risk to your methodology and will eventually lead to a blowout at least once.



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The End of Work

Monday, June 11, 2012 Francisco Carneiro 0 Comments

In 1995, Rifkin contended that worldwide unemployment would increase as information technology eliminates tens of millions of jobs in the manufacturing, agricultural and service sectors. He traced the devastating impact of automation on blue-collar, retail and wholesale employees. While a small elite of corporate managers and knowledge workers reap the benefits of the high-tech world economy, the American middle class continues to shrink and the workplace becomes ever more stressful.
The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era is a non-fiction book by American economist Jeremy Rifkin, published in 1995 by Putnam Publishing Group.[1]

PS Those without work will be a big part of our society soon. The first big transformation reallocated people from agriculture into industry. After WWII, we saw people reallocate from industry to services. Now we have a move from Services and industry into welfare. This is not going back, the more we invest the more jobs we kill.

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The Management Myth

Friday, June 08, 2012 Francisco Carneiro 0 Comments

Most of management theory is inane, writes our correspondent, the founder of a consulting firm. If you want to succeed in business, don’t get an M.B.A. Study philosophy instead
The strange thing about my utter lack of education in management was that it didn’t seem to matter. As a principal and founding partner of a consulting firm that eventually grew to 600 employees, I interviewed, hired, and worked alongside hundreds of business-school graduates, and the impression I formed of the M.B.A. experience was that it involved taking two years out of your life and going deeply into debt, all for the sake of learning how to keep a straight face while using phrases like “out-of-the-box thinking,” “win-win situation,” and “core competencies.” When it came to picking teammates, I generally held out higher hopes for those individuals who had used their university years to learn about something other than business administration.
By Matthew Stewart
http://www.theatlantic.com/magazine/print/2006/06/the-management-myth/4883/
 
 

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Most of the Things you worry about never happen!

Thursday, June 07, 2012 Francisco Carneiro 0 Comments

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Thought of the Day

Thursday, June 07, 2012 Francisco Carneiro 0 Comments

Don’t make too many plans for your life, so as not to ruin those it has in store for you


Agostinho da Silva, Portuguese philosopher, professor, novelist and poet 

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Thought of the day

Wednesday, June 06, 2012 Francisco Carneiro 0 Comments

Be wary of the man who urges an action in which he himself incurs no risk. Lucius Annaeus Seneca

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Be Different , sorry this one goes in Portuguese

Tuesday, June 05, 2012 Francisco Carneiro 0 Comments

Ser Diferente
A única salvação do que é diferente é ser diferente até o fim, com todo o valor, todo o vigor e toda a rija impassibilidade; tomar as atitudes que ninguém toma e usar os meios de que ninguém usa; não ceder a pressões, nem aos afagos, nem às ternuras, nem aos rancores; ser ele; não quebrar as leis eternas, as não-escritas, ante a lei passageira ou os caprichos do momento; no fim de todas as batalhas — batalhas para os outros, não para ele, que as percebe — há-de provocar o respeito e dominar as lembranças; teve a coragem de ser cão entre as ovelhas; nunca baliu; e elas um dia hão-de reconhecer que foi ele o mais forte e as soube em qualquer tempo defender dos ataques dos lobos.

Agostinho da Silva, in 'Diário de Alcestes'

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Having a position vs being a commodity

Tuesday, June 05, 2012 Francisco Carneiro 0 Comments

Inditex, owner of the Zara clothes brand, has overtaken Telefónica to become Spain’s most valuable listed company as market turmoil shaves billions from the capitalisations of the country’s more established corporations.
The Galicia-based retailer, 59 per cent owned by its founder Amancio Ortega, Spain’s richest man, overtook the telecoms operator on Tuesday. The retailer closed with a market capitalisation of €43.1bn, almost €1bn more than Telefónica.

http://www.ft.com/intl/cms/s/0/18216e6a-a961-11e1-9972-00144feabdc0.html#axzz1wtos3qz5

PS This is the difference between being a commodity (Telefonica, Repsol, Endesa, Santander) and having a product, a position in the mind of the prospect. Zara stands for something (Cheap, trendy clothes), Telefonica no. If you have a strategy like everybody you will probably share the destiny of all your peer’s. Execution, the mantra of the 90’s is good when there is business for all. When you have to fight for business is better that your strategy is not “execution”.

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Why are there so many people out there who can’t find a job?

Monday, June 04, 2012 Francisco Carneiro 0 Comments

Why are there so many people out there who can’t find jobs for a long period of time? Isn’t all the competition gone now? Wouldn’t it be easier for these people to find jobs?
The simple answer is: Those who want a job, don’t have the tech skills that companies want. It’s simple supply & demand. Their skills are generic business & have no coding / technical background.

Jeffrey Carter

http://pointsandfigures.com/2012/05/31/those-who-have-a-job-want-to-quit-those-who-want-a-job-cant-find-one-blame-entrepreneurism/ 

PS I think this is very true, no one wants skill’s in Management, Economic’s, MBA’s, etc…. for the simple reason that what you learn in College (University) doesn’t work! It's not science.

Systems and to be able to write code are the skill’s in demand for everything. Everything! Software will be the future. You need a few people to have some ideas and to sell. 

Just came from Geneva. Still no wind and great food.  Very good place to live

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