O capitalismo está em crise porque queremos colher os frutos do capitalismo eleminando o seu risco
Gary Kasparov in Jornal de Negócios, Portugal
There is a crisis because we want to reap the fruits of capitalism while we want to supress their risks (my translation)
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if you had a huge profit margin for the whole economy, capitalism being what it is,
you would want to multiply it by a low P/E because you know high returns will suck in competition, more capital, and bid down the returns (conversely at the low end). But what actually happens? Instead of having a correlation of −1, our research shows it has a correlation of +.32. The market can’t even get the sign right! High profi t margins receive high P/Es and vice versa, and the correlation is much greater than +.32 at the peaks and the troughs　Part 2: On the Importance of Asset Class Bubbles for
Value Investors and Why They Occur
Jeremy Grantham


PS i liked this link

http://www.youtube.com/watch?v=GxplDa3M5Io&feature=player_embedded# 
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The best doctor in the world is the veterinarian. He can't ask his patients what is the matter-he's got to just know.
Will Rogers
US humorist & showman (1879 - 1935)

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What Chinese parents understand is that nothing is fun until you're good at it
　
From, WSJ Why Chinese Mothers Are Superior

http://online.wsj.com/article_email/SB10001424052748704111504576059713528698754-lMyQjAxMTAxMDEwODExNDgyWj.html

Ps I am not a Chinese father, only in sports a bit.
PS2 from the same articleChinese parents believe that their kids owe them everything. The reason for this is a little unclear, but it's probably a combination of Confucian filial piety and the fact that the parents have sacrificed and done so much for their children. (And it's true that Chinese mothers get in the trenches, putting in long grueling hours personally tutoring, training, interrogating and spying on their kids.) Anyway, the understanding is that Chinese children must spend their lives repaying their parents by obeying them and making them proud. . To get good at anything you have to work, and children on their own never want to work, which is why it is crucial to override their preferences. This often requires fortitude on the part of the parents because the child will resist; things are always hardest at the beginning, which is where Western parents tend to give up. But if done properly, the Chinese strategy produces a virtuous circle. Tenacious practice, practice, practice is crucial for excellence; rote repetition is underrated in America. Once a child starts to excel at something—whether it's math, piano, pitching or ballet—he or she gets praise, admiration and satisfaction. This builds confidence and makes the once not-fun activity fun. This in turn makes it easier for the parent to get the child to work even more.
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Success is blocked by concentrating on it and planning for it... Success is shy - it won't come out while you're watching.
Tennessee Williams
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Why Newton was wrong
Theory says that the past performance of share prices is no guide to the future. Practice says otherwise
http://www.economist.com/node/17848665

PS If you want to throw some business my way (thanks in advance) we have a product that plays this very well. Its Called BPI Universal Lux
BPIGLIN LX.
Last 5 years up 6,86% per year.
Isin LU0220378623
Min investment 250,000
Daily liquidity.
No lock-up's
No gates
No side-pockets
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White-collar work is doomed: get your hands dirtyThe Case for Working with Your Hands: Or Why Office Work is Bad for Us and Fixing Things Feels Good [Paperback] 　
Why would anybody pay for a British architect or accountant, Crawford asks, when there are competent ones who charge less in China or India? Manual work resists outsorcing for a simple reason:it is tied to a particular location. If you need a haircut in Manchester, a barber in Bangalore is no use to you. And if you lavatory is bocked in London, you don't call a plumber in Taiwan…….if you want a job that is secure, you must throw over your desk, get out of your cubicle, and learn to use a tool.
　
　
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