Never invest in the next big thing

Wednesday, August 28, 2024 Francisco 0 Comments


My view is that, on average, you only make really big money when you have no competitors, when you are not fighting for your life. Normally, companies that do an IPO are still fighting; they will need money for this fight.

That is why, according to Professor Siegel, the Dow Jones Index beats the Nasdaq. In the Dow Jones, you find the companies that are no longer fighting for their lives (everybody is...).


This research project will provide the reader with thorough understanding of the anomalies related to IPO price performance, by canvassing the population of IPOs that went public on U.S. financial exchanges from 1985-2002.

An Empirical Analysis of Initial Public Offering (IPO) Performance Zachary A. Smith, Ph.D.










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Problems are an asset

Sunday, August 25, 2024 Francisco 0 Comments

Most people spend more time and energy going around problems than in trying to solve them.


"Problems are an asset. Not something to avoid, but something to run towards." This quote encapsulates Brad Jacobs' mindset of actively seeking out and solving problems as a pathway to success in business.


Mr Jesselson, turner to me , and in his thick German accent said, "Look, Brad, if you want to make money in the business world, you need to get used to problems, because that's what business is. It's actually about finding problems, embracing and even enjoying them - because each problem is an opportunity to remove an obstacle and get closer to success", from Brad Jacobs book.


Most people spend more time and energy going around problems than in trying to solve them.

Henry Ford

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this is the ideal life.

Tuesday, August 20, 2024 Francisco 0 Comments

 Good friends, good books, and a sleepy conscience: this is the ideal life.

Mark Twain


Not everyone can have the benefit of being insane, but anyone can make life easier for themselves by turning down the beam of their reason slightly.

How to Live : A life of Montaigne


To be without some of the things you want is an indispensable part of happiness

Bertrand Russell

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You'll never be rich since you're obviously....

Sunday, August 18, 2024 Francisco 0 Comments

Old boss once warned: "You'll never be rich since you're obviously smart, and someone will always offer you a job that's just good enough."

@naval

Do not be fooled into believing that because a man is rich he is necessarily smart. There is ample proof to the contrary.

Julius Rosenwald


Formal education will make you a living; self-education will make you a fortune.” — Jim Rohn



If you are a good student probably you will find a decent job and that is it. If on the contrary you can't find a decent job you try many thigs until something works. The way to became rich is to find something that works.


“It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something.”
― Franklin D. Roosevelt, Looking Forward

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A really great talent finds its happiness in

Friday, August 16, 2024 Francisco 0 Comments

Concentrate all your thoughts upon the work at hand. The sun's rays do not burn until brought to a focus. Alexander Graham Bell


"When one is busy and absorbed in one's work, the very absorption affords great delight." — Seneca

A really great talent finds its happiness in execution.

Johann Wolfgang von Goethe

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.

Gary Ryan Blair


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your life is your life

Friday, August 16, 2024 Francisco 0 Comments

 "your life is your life

don’t let it be clubbed into dank submission. be on the watch. there are ways out. there is a light somewhere. it may not be much light but it beats the darkness. be on the watch. the gods will offer you chances. know them. take them. you can’t beat death but you can beat death in life, sometimes. and the more often you learn to do it, the more light there will be. your life is your life. know it while you have it. you are marvelous the gods wait to delight in you."



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It is the working man who is the happy man

Thursday, August 15, 2024 Francisco 0 Comments

 "Talent is never enough. With few exceptions the best players are the hardest workers." – Magic Johnson

It is the working man who is the happy man. It is the idle man who is the miserable man. Benjamin Franklin

Work will work when nothing else is working
 Shay Carl

You realize that you will never be the best looking person in the room, you’ll never be the smartest person in the room. You’ll never be the most educated, the most well versed. You can never compete on those levels. But what you can always compete on, the true egalitarian aspect of success, is hard work. You can always work harder than the next guy
 Casey Neistat


Nothing works like work. I have seen it it's good to be smart but you can outwork almost everybody. I have noticed that what differentiates people is not what they do at work on normal job hours because everybody does the same, what you do at night makes a big difference.

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A bad system will beat a good person....

Monday, August 12, 2024 Francisco 0 Comments

 A bad system will beat a good person every time.

W. Edwards Deming


if you completely ignore your goals and focused only on your system, would you still succeed? For example, if you were a basketball coach and you ignored your goal to win a championship and focused only on what your team does at practice each day, would you still get results? I  think you would.------- The only way to actually win is to get better each day. In the words of three-time Super Bowl winner Bill Walsh, " The score takes care of itself". The same is true for other areas of life. If you want better results, then forget about setting goals. Focus on your system instead.
 James Clear

I think a bad system is an exaggeration but a ok system beats the human almost every time. What is the human better at?   The big thing. When the markets / The stock market is normal the system/systematic  guys make money almost everyday, they have the fishing net , they know what to do and most of the time we are on this regimen. When something big like COVID comes along, the big whale , systemic problem , the tsunami the human eye can react fast and have an edge. Some macro guys are very good in crisis, on a day today a system , a method a set of rules beats the human 99% of the time.


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Many who seem to be struggling with adversity are happy

Tuesday, August 06, 2024 Francisco 0 Comments

I have seen kids with everything to be miserable, why? they have nothing to fight for. To get some NO's are essential to happiness.


Many who seem to be struggling with adversity are happy; many, amid great affluence, are utterly miserable.

- Tacitus

Show me someone who has done something worthwhile, and I'll show you someone who has overcome adversity.

Lou Holtz


Fresh activity is the only means of overcoming adversity.

Johann Wolfgang von Goethe

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The simple act of paying attention

Friday, August 02, 2024 Francisco 0 Comments

 


The simple act of paying attention can take you a long way.

Keanu Reeves








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The difference between successful people and really successful people is

Friday, August 02, 2024 Francisco 0 Comments

 Warren Buffett once said: "The difference between successful people and really successful people is that really successful people say no to almost everything." 


“Half of the troubles of this life can be traced to saying yes too quickly and not saying no soon enough.” Josh Billings




One plan to attain Financial Independence 8 steps (saying no to many things opens...)

1.Forget about politics. Unless you want to be corrupt and make dirty money politics does not put money in you pocket.

2.Forget your I-Phone unless you are a influencer and use the Phone to make money, if you have less than 100,000 followers forget the Cell -Phone (Cell= Prison) put on mute and just speak with your family and friends.(A Nokia will do). The phone can destroy your marriage.

3.Forget Social media, same as 2, if you are a influencer you can  otherwise forget it does not put money in your pocket.

4.Forget news. You can't make money with news unless you know what are the news in 1 year time. Everything that is in todays news is already in the price. Besides the news depress you making you think that you have problems that you don't have.

5.Forget shopping, anything that you don't use every week don't buy , rent. Don't own stuff. You probably don't need it. Is it necessary? probably not.

6.Say no to most things invitations etc.. Most of the things get you no where. don't get distracted , read, work, do some sport and save some money.

7.Invest your savings, create a second income and one day you will live from it. Some things work, Buy stocks, Buy funds ETF's etc...do what works forget the news. If the is a tax incentive to invest use it.

This is where I have all my savings besides real estate.










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