Thought of the Day

That is the reason why the marketing is the most important person in a company unless you know something no one knows. If your product is a bit of a commodity (more people do what you do) you should invest big time in a good marketing person.

There is no truth. There is only perception.

Gustave Flaubert

That German inflation should be so low is a puzzle and highlights the difficulties the European Central Bank faces. After all, if an economy at broadly full employment, growing at trend and with an incipient housing boom is struggling to achieve target consumer price growth, what hope is there for countries still nursing a huge amount of economic slack.

http://blogs.wsj.com/moneybeat/2014/04/28/germanys-inflation-conundrum-2/?

I have posted about Deflation many times. I don't see a different outcome, capitalism is about doing more with less and that is deflationary.

http://thoughtmeme.blogspot.pt/2014/03/deflation.html

I don't post about my diet for some time.

The reason is simple. Too many party's & dinners out have complicated my progress.

However in the last 3 days i was able to eat ok at least at dinner time.

Yesterday i ate just a Veggie soup (Big One) & one green salad. Just that with lemonade (no sugar)

This morning i was with 80,7 kg % 19% fat (started at 84 kg) It's slow progress bit it's progress.

Yesterday i read something very interesting about Recharging the Batteries during holidays. The conclusion is that you can't recharge anything by the simple reason that our body cannot store anything besides fat & other bad things. I know this is true because i was starting to get in shape 2 weeks ago and i had the flu and in 3 days everything was lost. back to square zero.The concept behind the article was about changes in lifestyle (what you do everyday) vs doing things in a concentrated way (A Diet a detox, etc...). Of course i feel this concept is very true and i am trying to change one or two eating habits forever. What am i trying to do? When i eat home at dinner just eat a bit on things that i like. Just a bit. One of the benefits is to sleep better and to wake in the morning very hungry. It's very good to be hungry for breakfast.

All the tools in the world are meaningless without an essential idea
George Lois, Mad Man

Take up one idea. Make that one idea your life - think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success.

Swami Vivekananda

I don't know if you can live on one idea, but i know that you cannot drift too much. One thing i have felt is that when you say you only do one thing (specialist/FOCUS) people will consider whatever you say more seriously.

Some national parks have long waiting lists for camping reservations. When you have to wait a year to sleep next to a tree, something is wrong.

George Carlin

US comedian and actor (1937 - 2008)

What i was given to study in school i have forgotten; what i decided to read on my own, I still remember

Nassim Nicholas Taleb

There is no school equal to a decent home and no teacher equal to a virtuous parent.”

Mahatma Gandhi

Character, in the long run, is the decisive factor in the life of an individual and of nations alike

Theodore Roosevelt

Better to look weak and be strong than to look strong and be weak.

Laura Moncur, Merriton: 35 Minutes from Home, 05-19-12

American writer (1969 - )

one more

6.Everything in moderation, including moderation."

Julia Child

There is more to Go, the market will get complacent and the new highs will roll.

The two pieces below show exactly what i think will happen, each time the market tries to correct the correction is aborted. investors will get even more confortable with the market. On top of that the credit cycle has more room to go. Banks are clean. All in all there is more to go.

CHARLIE ROSE: And what is the story of the turkey?
NASSIM NICHOLAS TALEB: In the book, I have the story of a turkey that is fed for 1,000 days by a butcher, and every day confirms to the turkey and the turkey’s economics department and the turkey’s risk management department and the turkey’s analytical department that the butcher loves turkeys, and every day brings more confidence to the statement. So it’s fed for 1,000 days…
CHARLIE ROSE: Gets fatter and fatter and fatter.
NASSIM NICHOLAS TALEB: Fatter and fatter. On the day when its comfort will be at its maximum, there is going to be a surprise. There will be a surprise for the turkey.
CHARLIE ROSE: Yes.
NASSIM NICHOLAS TALEB: There will be a surprise for the turkey’s economics department, all those Ph.D.’s. Will it be — after all, there’s maximum (inaudible)…
CHARLIE ROSE: But it’s not a surprise for the butcher, is it?

NASSIM NICHOLAS TALEB: Not a surprise for Charlie Rose as well. Not a surprise for humans. It’s a surprise for the turkey. So the whole idea here is we are not to be a turkey.

Then once the S&P goes above 1900 the bubble phase we’ve been looking for will be back on the table and the market will have the guarantee that corrections are not going to be allowed to progress. As long as the market is confident the Fed is back stopping the market this should have the effect of creating extreme complacency over the next couple of months.

From Gary Savage, Smart Money Tracker