Consequences
Happiness is not a reward - it is a consequence. Suffering is not a punishment - it is a resultRobert Ingersoll
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Robert Ingersoll
Money
The more you chase money, the harder it is to catch it.
Mike Tatum, Cashing In or Selling Out, SXSW 2006
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TransPortugal 2012
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Trust 2
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Trust
My early work demonstrated that the most important factor in determining whether or not a society does well or remains impoverished is not natural resources, education, quality health care, or even the work ethic of its people. What matters most in determining economic outcomes is actually trustworthiness - a moral consideration. That’s the insight that led me to the moral Molecule.
Paul J. Zak
PS Why we are we an unprecedented crisis in the developed world? Because after 9/11 the governments increased regulation, controls, compliance, security, registration, and rules in a way that these days you trust no one anymore. When you are reluctant to trust it’s difficult to do business. And these days it’s difficult to do business. The more everybody suspects everybody the more the world will stall.
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How to be Unhappy
The pursuit of happiness is as old as modern civilization. Books, elixers, religions, and philosophies are all devoted to it. Happiness is a quest, an obsession, and a universal aspiration.
But what does it take to be unhappy?
In some ways, it’s easier than happiness itself. New research and much life experience offers a simple recipe for genuine discontent.
http://chrisguillebeau.com/3x5/unhappy/
1.Buy things you can’t afford or don’t want
2.Compare yourself to others
3.Take no joy in the journey
4.Respond instead of initiate
5.Allow other people to determine your values and priorities
6.Refuse to challenge yourself
7.Whine and complain to anyone who will listen
8.Focus only on yourself
9.Settle
I would add
10.Be perfectionist
11.Plan too much
12.Pay too much attention to minor aches and temporary body pain
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I need air
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The End of Work
In 1850, 60% of the working population were employed in agriculture. Today, less than 2,7% of the workforce is engaged directly in farming.
Jeremy Rifkin
PS I just finish the book, The end of work by this author. I don't agree with the solution he proposes but the problem is real. With automation, re-engineering, downsizing, streamlining, robotization, etc.... pretty soon the world would need only 10% or 15% of the workforce to produce all the stuff we need. What are the other 85% going to do in order to have money to have a decent life? They can do Hand things, cut hair, massages, acupuncture, cinema, singing, painting, cooking, plumbing, personal training, mechanic, cyclist, restaurant waiter etc....But do we really need so many painter's? His solution is something like 40% working in government/ regulation/depending on Gov., 30% in non profits/NGO's and 30% on the private sector with compulsory short week (part time).
One thing is clear, we have oversupply of almost everything. Pricing power is zero unless you have a brand. Marketing is the key to do well in this world. It always was I think.
If you know about programming/systems it helps because today even a toaster has a microchip. You can't fix a toaster anymore, nothing is just electric anymore.
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Money
- Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.
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This is why i don't vote
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S&P Earnings Growth Without Apple: 0%
http://articles.businessinsider.com/2012-03-29/markets/31253160_1_earnings-season-earnings-surprise-earnings-growth
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Business has only two functions
Business has only two functions – marketing and innovation.
Peter Drucker
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Marketing
Marketing is too important to be left to the marketing department.David Packard
PS The best product is the product prospects think is the best. Who can make the prospect love your offer? The engineer? I don't think so, next day someone will copy your new feature. But the marketing person can create a brand, an identity and that is difficult to rob from you. A good sales guy is also a plus. Is short Sucess = Good marketing/Brand, ok sales person and a solid product.
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A brand is the result of an unbroken series of consistent gestures
In The Great Gatsby, F. Scott Fitzgerald writes, “Personality is an unbroken series of successful gestures.” Similarly, a brand is the result of an unbroken series of consistent gestures, encompassing both what it does and how it does it. Brand Identity is the tool marketers use to articulate the rules for brand gestures. It explains how the brand will support the organization’s overall mission and objectives, and forms a bridge to making decisions about more than just marketing. Successful companies use the brand as a filter for determining whom to hire, which businesses to participate in, what partnerships to pursue and more. As a result, creating a brand identity is one of the most important steps a company can take to ensure a consistent, enduring brand.Derrick Daye
Managing Partner, Brand Consultant
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The only person fired twice by Don Regan
I learned first-hand that being negative —or realistic, as I prefer to call it—can be hazardous to job security. As mentioned in our recent book, The Age of Deleveraging: Investment strategies for a decade of slow growth and deflation, I joined Merrill Lynch in 1967 as the firm’s first chief economist and established its economic department. In 1969, I forecast a recession to begin late that year and run into 1970. The forecast proved accurate, but it wasn’t being bullish on America, in the Merrill Lynch parlance. That put me at odds with Donald T. Regan, who obviously won because he was running the firm. So I took my entire staff and left, ending up at another Wall Street firm, White, Weld, with no idea that Merrill Lynch would buy White, Weld in 1978. So the story on Wall Street, which was absolutely correct, was that Gary Shilling was the only person fired twice by Don Regan. I promptly established my own firm and at least eliminated the risk of being axed by him a third time.
From Gary Shilling August 2012 Insight
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The key to developing a new brand is ......
The key to developing a new brand is not to copy the competition but to be the opposite. That is exactly what Yogurtland did in 2006.
First there were self-service salad-bars where you filled your container and paid by the ounce. Why not do that in yogurt? Brilliant.
Laura Ries
http://ries.typepad.com/ries_blog/
PS This is so true. Everybody wants to copy what has done well. But that is a receipt to disaster because that space has been occupied already. In a world that has too much of everything you can be different or unemployed.
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Why Not
Meet Tamiko Bolton, George Soros's New Fiancée
http://www.businessinsider.com/tamiko-bolton-2012-8
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Both Romney and Ryan have a lot of hair
Enter 42 year old Congressman Paul Ryan. What do we know for sure? We know that Wall Street does not like Obama. Up to now, the polls show the two candidates running about even -- or other polls show that Obama has a slight edge over Romney.Ryan paired with Romney is not going to swing any Obama rooters to Romney. But a lot of "on the fence" voters may like the addition of Ryan to Romney, thinking that Ryan is a true conservative and knows his way around budgets -- and that Ryan may actually get something done. Romney is tall, and strangely voters like a tall candidate. Both Romney and Ryan have a lot of hair (which is good from an election standpoint).
Richard Russell, Dow Theory Letters
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Bronze medal without saddle!
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Design (less is more)
An Apple product designed with user feedback would have thousands of extra features, multiple input methods and weigh 18 pounds.
Seth Godin
Seth Godin
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Pico Azores, 2300 meters in the middle of the Atlantic Ocean
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I thought once you were in you were in!
From the New Yorker
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Productivity destroys jobs
The US steel industry is typical of the transition taking place. In the past 20 years, steel production rose from
75m tonnes to 102m tonnes. In the same period, from 1982 to 2002, the number of steelworkers in the US declined from 289,000 to 74,000.
Jeremy Rifkin
Tuesday March 2, 2004
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How the stock market works
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Socialism
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.
Winston Churchill
Winston Churchill
PS After all USA
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Miracle of Life
You have to take risks. We will only understand the miracle of life fully when we allow the unexpected to happen.- Paulo Coelho
Easier to do if you have nothing to lose!
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Francisco Carneiro
Lisbon Family Office
There is always a Bull market in the World
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