Same rules for everybody only benefits the best.


Europe is in recession again! 

 If the Euro devalues who is going to benefit?

 Germany

 why?
Because only the companies that have positive cash flow (northern Europe) have money to invest in new people, hire army's of researchers ,etc....The companies in the South of Europe are busy not dying, cutting costs, etc...

The creation of the Euro prevents the south of Europe to devalue and therefore they are not competitive. There is a difference in productivity gains and that is growing slowly every year.

The Euro is like ordering the students to study only 2 hours a day maximum. Of course the not so smart/dumb student that takes time to figure things out is at a big disadvantage. 

Same rules for everybody only benefits the best.
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Technology has always been destroying jobs!

Starting next month, Lowe’s plans to release several OSHbots into one of its Orchard Supply Hardware stores (the “OSH” in OSHbot) in San Jose, California. The robots’ job will be to greet customers, help them find what they need, and guide them around the store.
In a typical interaction, Nel told me, an OSHbot would roll up and greet you as you walked in: “Hi, can I help you? What are you looking for today?” You might answer that you need to replace some plumbing pipes, prompting the OSHbot to ask whether you’ve got the original pipe. If you had it, you would put it in front of a viewfinder, and the robot would scan it, identify it, and direct you to the item in the store. It could even guide you to the place where the item is stocked. The OSHbot will be conversant in English and Spanish, to start, with other languages to be added later. It is also impressively self-sufficient: when it’s about to run out of power, it slides itself right over to a charging spot. Nel hopes OSHbots will eventually be rolling around in Lowe’s stores around the country.



I have no doubt Robots will replace humans in most tasks not only because of costs but because they are better. In the Lowe's case the OHSbots speaks English & Spanish! I guess it's difficult to hire people with the same memory & skill's.

Almost all the Medical doctors MD's are going to be replaced because they are no good at diagnosing illness. with the same set of data from a patient  10 doctors give 6 different results!

It's a matter of providing the computer with the data. Once it has the data, it's able to consider thousands or millions of times more parameters than a human can hold in their head."
 Dr Pete Diamandis

If robot's will do most of the jobs where do you think the factory is going to be located? I guess near the final market. No need to outsorce the production to inland CHINA.

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What looks like a bad idea to some is a winner in the hands of another !

From Barry Ritholtz,

1. Ideas are a dime a dozen, execution is everything.
2. We do not live in a pitch economy, almost no one is buying ideas, they’re buying companies, they’re buying something active that is generating capital.
3. We’re all Missourians today, that’s right, we all live in the SHOW ME state. We want to see evidence of your success, of the implementation of your idea, we don’t just want to hear you talk about it.
4. Ideas are in the air. Many people are working on similar breakthroughs at the same time. While you believe your idea is unique, there’s a good chance someone else is aware of it and is trying to achieve the same goal and is working while you sleep.
5. Talk is cheap. That’s why it’s so hard to get someone of power to converse, never mind go to a meal. A professional can tell in just a few sentences whether you’re real. Furthermore, if you create something real these same professionals will be breathing down your neck.

 http://www.ritholtz.com/blog/2014/10/execution/

To only think about execution is to be blind. People who just execute were almost killed in 2008.
Of course is very important to be persistent, to never give up , to put the hours and to give it all. The people with this treats usually are the best. 

What looks like a bad idea to some is a winner in the hands of another. I believe in this, that is the reason why with the same product you are a winner in some countries and can't get a start in other markets. That is the reason why many people who don't read a book ever can make a living. 

Despite this i think you have to think a bit. Keep your eyes open. We are in a world where governments are intervening and regulating, preventing the market forces to express themselves. In this world you have to think because one day you get caught.

“A turkey 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. But on day 1,001, there will be a surprise for the turkey…”

From Nassim Taleb

If we are in 2007 and the Housing market is going up for 20th year in a row and suddenly you feel something changes and some Mortgage originators are getting in trouble, etc... you have to think and change. If you keep blindly executing you might end like the Turkey. 
This is the reason i have my savings in products that can profit from a falling market. The market has been rising for many years, but who knows if it could change. If it does eventually i don't lose so much as i would in a product that only profit from good things.
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Big Get Bigger

Adidas acknowledges it is hard to recruit at its headquarters near the Bavarian town of Herzogenaurach, particularly for design, marketing and digital roles, and admits it missed trends in the U.S. market, where Under Armour < ua.n> has just overtaken it as No. 2 behind Nike. Nike's better than expected earnings on Sept. 25 underscored its ascendancy.
Adidas is responding by locating some key design roles in the United States at the same time as investing heavily in new facilities at its home base near the historic Bavarian town where Adidas was founded by shoe maker Adi Dassler in 1949.






Many people thought that with internet you could work anywhere in the world, work from home , etc... Unfortunately what we have seen in the last 10 years is a concentration of everything in the big cities, Financial centers are attracted to London & NY, real estate in the center of London & New York are going trough the roof etc...

This is the reason i think Samsung is a short because it's located in Seoul and Seoul is not Silicon Valley. Unfortunately the best way to make a living is to be in the center.

Besides it is so much more efficient to live in a city!  To get water in the countryside  is a big problem & a big cost. Big get bigger is still the trend.

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Not a lot of sleep lately!


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My new Baby !


“If you want your children to be intelligent, read them fairy tales. If you want them to be more intelligent, read them more fairy tales.”
― Albert Einstein


Here is António with 24 hours!

 Everyting is going well we are all very happy. We hope to go home today.
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make your money last longer

Security, Sunshine, Cheap housing, nice empty beaches & very low taxes (just for foreigners)

 Portugal
You might be surprised to know that Portugal is one of the most peaceful countries in the world, but it’s true. 

 http://travel.amerikanki.com/most-peaceful-countries-in-the-world/18/
The World has an oversupply of stuff, things, gadget's, everything etc,..... 
Since there is no jobs for everyone lot's of people are idle or unemployed
They are not necessary, the world does not need your skills (Sorry to tell you this)
What does the world need? 

 To keep people busy & occupied. Since people are not making a lot of money you don't want to live expensive.

 If i was a Norwegian i would buy a house in Portugal, spend the winter here and rent the house in the summer. 

 Housing in Portugal is very very cheap for a Norwegian
Hospitals are ok
Weather i don't have to tell
security is ok
If a Norwegian lives in Portugal for more than x days he can opt to be taxed in Portugal and the rate could be zero (for 10 years)
3 hour flight back to Norway
You can make money on the House
No strange diseases in Portugal (no Malaria, nothing)

 I am not in the real estate business but i can figure out that the trick going forward is to live in a poorer country than yours. But you don't want to go live in Cabo Verde Islands in the middle of the Atlantic. It's far away, no Hospitals, malaria & it's too hot.

 If you have a house in London but for the moment you are not making a lot of money rent the house and come live in a cheaper country.




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