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Money has never made man happy

“Happiness will never come to those who fail to appreciate what they already have.” -Buddha


"People who live far below their means enjoy a freedom that people busy upgrading their lifestyles can’t fathom."

@naval

Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants.

Benjamin Franklin



Money is a strange business. People who haven't got it aim it strongly. People who have are full of troubles.

Ayrton Senna
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I invested in almost 200 different Hedge Funds

 

I invested in almost 200 different Hedge Funds in my life


If I look back is there a rule that would make a difference in the outcomes?


yes


Buy only the biggest Hedge Funds 


I would miss some big winners that were small when I bought them , Thames River NEVSKY, COATUE, etc... but I would also missed a lot of disappointment. The huge hedge Funds did more than OK. There was a disaster in Madoff but we exit Madoff in 2005 all the other huge Hedge funds did ok for us.

These days the big Hedge Funds don't accept new money , some give back their profits every year and most of them are not a one man show. sometimes less risk is better.
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It was never my thinking that made the big money

It doesn’t matter if you’re 19 or 59. If you haven’t started investing, start today.


 Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas – Paul Samuelson

Time in the markets beats timing the Market  - Ken Fisher
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How do do well in life


Do well whatever you do, be 10% better than the other people it's enough. You don't have to do very difficult things , if you do well your bed you are top 1%. 90% don't do their bed and the other 9% just pretend. Do things well, it's enough




7 Keys to a Productive Life 1. Wake up early 2. Limit interruptions 3. Make a little progress daily 4. Say no (a lot) 5. Learn from your mistakes 6. Get up when you fall/fail 7. Don't waste time on envy
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Real happiness only comes as a side-effect of peace

 

The root of suffering is attachment.

Buddha


"Real happiness only comes as a side-effect of peace. Most of it is going to come from acceptance, not from changing your external environment."

@naval

So, 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

Everything that happens happens as it should, and if you observe carefully, you will find this to be so. 
Marcus Aurelius
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Whatever the mind of man can conceive and believe

 Whatever the mind of man can conceive and believe, it can achieve.

Napoleon Hill.


Smart People go to College, but college doesn’t make people smart.

A Gary Shilling


This is completely true but since employers believe that---->

if you have a College degree from a good Institution this guy is smart

you should do all you can to get a stamp from a good school !

However if you are not very smart and since College does not turn you into a very smart person (as Gary Shilling rightly points out) you will get a job because you have the stamp but once you are inside a company you are going to have problems. It's going to be clear that you are what you are.

what should you do if you are not one of the smart people in the world. If you work hard and diligently you will surpass many smart people than you! I know this is true.

To want to win is 90% of the success. 

this is the best phrase ever

It's not how good you are, it's how good you want to be

Paul Arden
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