How can you be wealthier than the person who has enough?
As Morgan Housel says, enough should not be a moving goal post.
At some point, enough should be enough.
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Energy Transition
No one hears the phrase "energy transition" anymore; it's practically dead. It's now clear that we are not transitioning to anything. The world needs all the energy it can get and more. Perhaps when oil and gas run out, we will have to transition to poverty and back into the dark ages.
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Just do one thing , and enforce it
If you make 10,000 regulations you destroy all respect for the law
— Winston ChurchillThe more corrupt the state, the more numerous the laws.
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Helpers and Takers
Helpful people don’t ask “how can I help?” They just help.
@naval
The people that help , help and help , they are like that and are happy. The people that take they take all their life. It's their thing they want to win in everything.
Of course the helpers win on their own way.
a friend of mine told me about their parents , the mother takes care about the father and a sister that still lives with the parents because of some handicap. Of course the mother is in great shape and happy.
The people that help , help and help , they are like that and are happy. The people that take they take all their life. It's their thing they want to win in everything.
Of course the helpers win on their own way.
a friend of mine told me about their parents , the mother takes care about the father and a sister that still lives with the parents because of some handicap. Of course the mother is in great shape and happy.
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Attention to health is life's greatest hindrance
Attention to health is life's greatest hindrance.
Plato
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True
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ESG
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Slow down and start to live
"The world reveals itself to those who travel by foot"
- Werner HerzogNature does not hurry, yet everything is accomplished.
Lao Tzu
Talk low, talk slow and don't say too much.
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If you end up with a boring miserable life because......
"If you end up with a boring miserable life because you listened to your mom, your dad, your teacher, your priest, or some guy on television telling you how to do your shit, then you deserve it" -
FRANK ZAPPA
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In three words I can sum up everything I've learned about life: it goes on
Losing everything, especially loved ones, is incredibly difficult. However, it’s possible to live many different lives within one lifetime.
Change is not something I actively seek, but when it happens, I tend to accept it and move on. I used to play soccer a lot, but after breaking my left leg badly in a climbing accident, I started cycling and never looked back.
In three words I can sum up everything I've learned about life: it goes on. Robert Frost
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Just pretend to solve problems
There are some organizations that cease to exist if they solve the problem that was their origin. The Government needs problems. The church the same.
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External things are not the problem
“External things are not the problem. It’s your assessment of them. Which you can erase right now.” — Marcus Aurelius
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Just do it today, just today
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Good things happen when....
Good things happen when you narrow your focus.
AL Ries
Concentrate all your thoughts upon the work at hand. The sun's rays do not burn until brought to a focus.
Alexander Graham Bell
I guess we teach a lot of things to our kids! too much stuff. They don't need it. They should do something very well. To be a specialist is something that is highly regarded and as Alexander Bell says you only burn when you focus!
Don't wander. Concentrate is my advice.
“You will never reach your destination if you stop and throw stones at every dog that barks”
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My endorsement
“I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.” — Milton Friedman
I will always vote for less state and less taxes. That is Trump. Act accordingly.
besides there is the 3 world war, that I prefer to avoid.
Whoever can best help stop the Ukraine/Russia war, Israel/Hamas war, and ease the China/Taiwan tensions, should be who you vote for.
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Do you need the media to tell you what reality is?
"To be completely cured of newspapers, spend a year reading the previous week's newspapers." - Nassim Nicholas Taleb
If you look back at headlines from 10 or 15 years ago, you’ll notice that much of the news was either trivial, distracting, or sometimes outright false. Predictions like Antarctica disappearing in 20 years, or the extinction of wolves, bears, and trees were rampant. A century ago, the media focused on reporting facts—this happened, then that happened. Over time, the shift moved towards less factual reporting and more opinion and commentary. Nowadays, some news outlets even fabricate facts, turning the news into a propaganda machine with questionable motives.
While it might feel like you’re accomplishing something by staying updated with the news, the reality is that it often doesn’t impact you directly. It’s good to be aware of global events, but don’t mistake this for productivity. You’re not actually doing anything. Focus on your work instead.
Out of the approximately 10,000 news stories you’ve read in the past year, can you name one that genuinely helped you make a better decision about a serious matter affecting your life, career, or business?
“The man who reads nothing at all is better educated than the man who reads nothing but newspapers.” – Thomas Jefferson
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You will never reach your destination if you
Being stoic often means not displaying emotions of joy or sorrow, but simply leading a balanced life. Typically, it involves maintaining a high level of composure.
Ignore the noise and focus on your own path.
Winston Churchill famously said, “You will never reach your destination if you stop and throw stones at every dog that barks.”
Avoid watching the news; most of it will be irrelevant in five days. Almost nothing matters in the grand scheme of things. The only thing that truly matters is improving yourself, and that is a challenging endeavor.
“Be satisfied with even the smallest progress." —— Marcus Aurelius
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All happy companies are different
Be a specialist that gives you focus and clients respect that, when you say I don't do this and that that is very powerful .....
Tolstoy opens Anna Karenina by observing: “All happy families are alike; each unhappy family is unhappy in his own way” Business is the opposite. All happy companies are different: each one earns a monopoly by solving a unique problem. All failed companies are the same: they failed to escape competition”
“All failed companies are the same: they failed to escape competition.”
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The Winner Takes It All Song by ABBA
The key to succeeding in a crowded marketplace is to be the leader, not just a follower.
Al Ries
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Growth pains
It’s widely acknowledged that significant financial gains often come later. A prime example of this is reflected in the Dow Jones Index outperforming the Nasdaq over time, as highlighted by Prof. Siegel in 'Stocks for the Long Run.' Similarly, Home Depot's stock demonstrated substantial movement when they shifted their strategy away from pursuing growth at any cost.
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Half of the troubles of this life can be traced to
“It’s only by saying NO that you can concentrate on the things that are really important.” – Steve Jobs
- “Half of the troubles of this life can be traced to saying yes too quickly and not saying no soon enough.” – Josh Billings
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Rockefeller was the richest man on earth
Rockefeller was the richest man on earth. He realized that with strong competition, making money is difficult. He discovered many other insights because he wasn’t involved in the day-to-day operations of his companies, giving him time to think. He spoke very little and listened to everything, often sitting in meetings without saying a word. From the beginning, he devoted 10% of his earnings to charity. He was ahead of his time, never drank, or engaged in any kind of addiction, except for going to church. He also helped anonymous people from his congregation.
Good management consists in showing average people how to do the work of superior people.
From David Senra synopsis of Rockefeller biography .
A few ideas from Rockefeller I found in his autobiography:
1. Hire talent as found, not as needed.
2. The tyranny of compounding costs can devastate the miracle of compounding returns.
3. Err on the side of speed. Be intolerant of slowness.
4. Writing a check separates conviction from conversation. (Buffett)
5. Don’t waste your effort on a thing which ends in a petty triumph unless you are satisfied with a life of petty success.
6. Less talk, more deeds.
7. Pick partners that have a capacity for enthusiasm and hard work.
8. Find the most talented people you can, develop a mutual sense of trust, work together for decades.
9. Emotions blur judgment. Let it simmer.
10. Create byproducts from waste materials.
11. Make the votes unanimous. You may need to disagree and commit.
12. Ceaselessly search for minor improvements. Most humans are incapable of doing so over a long period of time.
13. Do the best you can with the task at hand. Opportunity handled well leads to more opportunity.
14. A friendship founded on business is better than a business founded on friendship.
15. Optimize for long term relationships. Do not screw your partners over a few dollars. Be generous. Time will more than make up for it.
16. Act — from the very beginning — as if your business will last for 50 years. What can you do today that would make this more likely to be true?
17. Only first-class business, and that in a first-class way.
18. When you are old and rich you will realize that your greatest possessions are true friendships. There is no exception to this rule whatsoever.
19. A true friend should be held close at any cost.
20. When you recruit A players you don’t give them 5 things to focus on. No. You tell them: You've got one priority. Destroy that priority. Do it more than anybody else possibly could or would.
21. Entrepreneurship is worth pursuing for the association with interesting and quick minded people alone.
22. Prepare for financial emergencies long before you need the funds.
23. Keep a fortress of cash.
24. Learn to have great respect for your numbers. Watch your costs.
25. Rockefeller had a name for his competitors who didn’t watch their costs: “Unintelligent”
26. Train your kids in practical business matters from childhood.
27. Find more experienced entrepreneurs. Listen to them.
28. A casual way of conducting affairs should disgust you.
29. Success can take the edge away. Remind yourself of this nightly.
30. Don't lose your head over a little success or grow discouraged by a little failure.
31. A chip on your shoulder and a little arrogance can fuel you. Show them that you can paddle your own canoe. Exceed their expectations.
32. All business proceeds on belief: Trying to run a company without a set of beliefs is like trying to steer a ship without a rudder. (Isadore Sharp)
33. Do not lie to yourself. Be honest with yourself about your own affairs.
34. Real efficiency in work comes from knowing the facts of your business.
35. The masses chase easy profits. Do hard things and you’ll have less competition.
36. Vertically integrate.
37. The only way to learn how to conduct a difficult business is gradually.
38. Use scale to lower prices. Root out any inefficiencies. Pay for talent. Control expenses. Invest in technology.
39. Focus. Keep to the enormous task of perfecting your own organization.
40. Two people can run the same business and have vastly different results. The assets of a company are not its factories but the talent of its people. The combined brain power are the essentials to be reckoned with.
41. If you give a good idea to a mediocre team, they will screw it up. If you give a mediocre idea to a brilliant team, they will either fix it or throw it away and come up with something better. The takeaway here is worth repeating: Getting the team right is the necessary precursor to getting the ideas right. (Ed Catmull)
42. Money comes naturally as a result of service. (Henry Ford)
43. Don’t do anything someone else can do. (Edwin Land)
44. Despite the unceasing vicissitudes of the oil industry, prone to cataclysmic booms and busts, Rockefeller would never experience a single year of loss. (Titan)
45. Do everything and you will win. (LBJ)
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Francisco Carneiro
Lisbon Family Office
There is always a Bull market in the World
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