What is your philosophy about the markets?

The market is not about fact; it’s about people’s opinions and positions. Consequently, anything can be at any price, any time.

Steve Clark, Omni Global Fund in Hedge Funds Market Wizards

In the middle you are doomed







If you are in the middle you have been in trouble, either you are highly skilled or have a manual job (hairdresser, Personal Trainner, etc....) If you have a low degree, work in some burucratic job you are doomed/vulnerable

http://www.economist.com/blogs/freeexchange/2011/03/labour_markets_0

Top of the Mountain


Picture taken in the Oh My God, Ultra marathon. 200 k, 13h50m 4th place! From here i was going down during a 12k descent to Manteigas. My arms suffer a lot on the way down!

Low yields forever!

The 30-year Treasury bond, with a recent yield of less than 3%, still holds value for patient long-term investors. Even when this bond drops to a 2% yield, it may still have value in relation to other assets. If high indebtedness is indeed the main determinant of future economic growth and further government “stimulus” is counterproductive, then a prolonged state of debt induced coma may so limit returns on other riskier assets that a 30-year Treasury bond with a 2% yield would be a highly desirable asset to hold.
Van R. Hoisington
Lacy H. Hunt, Ph.D.

Staying young

We don’t stop playing because we grow old; we grow old because we stop playing” 
-George Bernard Shaw


He doesn't mention what he does for a living but it looks like he could be retired since he his 71!

Life is too short

Life is too short to wake up with regrets. So love the people who treat you right. Forget about those who don’t. Believe everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said life would be easy, they just promised it would most likely be worth it.” – Harvey MacKay

Debt

When you get in debt you become a slave-Andrew Jackson