Nature does not hurry, yet everything is accomplished.
Nature does not hurry, yet everything is accomplished.
Lao Tzu
Beware the barrenness of a busy life.
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What looks like a bad idea to some is a winner in the hands of another
A really great talent finds its happiness in execution.
To do something well is very different from doing ok. That is everything I tried to explain to my kids. The best people I have worked with just do everything 5% or 10% better than average. In my house some people put the plates in a certain way in the washing machine and others make me go after them correct the job done.
That is all we need to know, the extra mile ....
Do more than is required. What is the distance between someone who achieves their goals consistently and those who spend their lives and careers merely following? The extra mile.
There are no traffic jams on the extra mile.
You can start right where you stand and apply the habit of going the extra mile by rendering more service and better service than you are now being paid for.
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How do we know if we are in a Bull market
“Bull markets ignore bad news, and any good news is reason for a further rally.”
In a bull market you buy the dips but sometimes it takes a long time.
One of the frustrating things for people who miss the first rally in a bull market is that they wait for the big correction, and it never comes. The market just keeps climbing and climbing.
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Nikkei is back from dead, what is next
Nikkei came from the death normally when an index recovers it accelerates further
Nasdaq after it surpassed the 2000 high of 5000 in 2014 , it kept going up but faster.
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Someone with half your IQ is making 10X...
Yes get busy....
Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy.
“Action may not always bring happiness, but there is no happiness without action. ”
―
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Once you make a decision
Once you make a decision, the universe conspires to make it happen.
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He who does not trust enough
When you trust you can do a lot , when you are suspicious you move very slowly and everything needs contracts and verification. If you trust life is easy.
Trust is the most powerful economic force on earth
Charlie Munger
Trust is the glue of life. It's the most essential ingredient in effective communication. It's the foundational principle that holds all relationships.
He who does not trust enough, Will not be trusted.
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Another one that figured it out
Amazing that some people still think the news is real
It's amazing that the amount of news that happens in the world every day always just exactly fits the newspaper.
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Honesty is a core, core, core value
"The selfish reason to be ethical is that it attracts the other ethical people in the network."
"Honesty is a core, core, core value."
If you do business with serious people you need less contracts, if you do business with not reliable people you are careful. you do less things . a lot of paperwork etc... There is a big advantage to have the same business partners for many years. I have read that most of 100 year old companies (most family own) are located in Japan. To me Japanese are people that you can take their word. Very ethical & honest.
in the 90's I worked briefly for a company that sold music instruments, pianos etc... and the suppliers were Japanese of course. Everything was easy with these people they were for the long run.
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I don't need to back test to know this is true.
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The fundamental delusion
I think money is not everything but I think is key to have money when you are old. It's a time that you can't work ,your health is disappearing you are vulnerable and sad with a bunch of new problems. You need some money when you are old and fragile. Otherwise the minimum is enough. I don't need a watch
"If you can’t be happy with a coffee, you won’t be happy with a yacht."
"The fundamental delusion - there is something out there that will make me happy and fulfilled forever."
@naval
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If things do not turn out as we wish
I have a client that says It is what it is all the time. I think he knows how to live well. He has incredible success. I think if we are open to what comes we will have an easier life. Nothing is bad, it is what it is. Let god decide and we go with it. Anything is ok.
“If things do not turn out as we wish, we should wish for them as they turn out.”
― AristotleSo, understand your situation from a greater perspective. Don't think that what s happening to you is unfair or unjustified; what is happening to you at all the times is just what should be happening.
Ajahn Sumano Bhikkhu
Ajahn Sumano Bhikkhu
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Definition of Wisdom
My definition of wisdom is knowing the long-term consequences of your actions.
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S&P 5000
Yes its's not a mistake S&P 500 can touch 5000 today !
From crisis to crisis S&P goes up, why? well companies don't distribute all the profits...
In the bottom we can see from Prof. Siegel Stocks for the long Run that almost all democratic countries indexes produced the same profit in the last 50 years! Incredible Europe, Japan , world US all 9% or 05 in USD.
If you just buy & sit. No trading of course.
If you want to beat the Indexes you have to buy a lot of stocks and sit. That is what we do in Lisbon Family Office.
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Each problem is an opportunity to extend government
how does government works?
If there is someone to help, some problem to address then you have the power to rule and to steal , that is the government job.
In my country anything that happens even god made problems the government assumes that it's their job.
cliffs near the sea fell and drowned some people that seek shade under the cliffs , government issued rules about security in the beach. Now it's regulated.
Each problem is an opportunity to extend government & of course more taxes
The Government can't solve problems , that would be a problem
"The urge to save humanity is almost always a false front for the urge to rule." - HL Mencken
The natural progress of things is for liberty to yield and government to gain ground.
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Transitions are ADDITIVE, not subtractive.
Transitions are ADDITIVE, not subtractive.
One day we will transition away from fossil fuels , when they end. not before. we now use more coal than ever , more wood more natural gas etc...
Energy transition is the biggest lie there is.
From Art Berman blog
Energy substitution is an intellectual fantasy that defies the laws of physics and everything we know about human behavior.
The percent of fossil fuel contribution to European electric power is unchanged since 2018 (Figure 1). Wind & solar rose from 17% to 23% but natural gas increased from 13% to 19%. Coal fell from 21% to 15% but nuclear fell from 28% to 21% & hydro fell from 14 to 11%.
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Francisco Carneiro
Lisbon Family Office
There is always a Bull market in the World
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