You can always go lower!



Source:Bloomberg
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It's better to be a poor in a rich country than rich in a poor country!

Move to a rich country?

As of 2000, for instance, a worker in Mexico earned a wage 40% that of a Mexican-born worker of similar education and experience working in America.
Most of this wage gap is down to productivity differences, stemming from disparities in the quality of infrastructure, institutions and skills. An individual worker, however talented, cannot hope to replicate the fertile environment of a rich economy all on his own. But transplanting a worker into rich soil can supercharge his productivity. A Mexican worker earns more in the United States than in Mexico because he can produce more, thanks to the quality of US technology and institutions........



Of course if you live in America Housing & eating are much more expensive than in Mexico. However if you make much more money the experience shows that you can save & live better. Why? because in America only if you pay people to service you you pay a lot, if you go to the supermarket is very cheap. Cheaper than in MEXICO.

and on top of all  a poor in America can access services, books education etc.... much better than in a poor country. You should live near rich people even if you are not rich. You will close the gap one day. If you don't your kids will.

Conclusion: Move to a rich country
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Design is overrated

If you don't care about Design you can live cheaply! The problem is to find a woman that is happy to go to the good food low price restaurant vs the high priced design and almost no food in the plate trendy restaurant.
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At last.....................

Accenture To Nix Performance Reviews And Rankings For All 330,000 Employees

Company joins the ranks of several other big-name firms that have similarly overhauled employee review systems in recent years.

Accenture CEO Pierre Nanterme told The Washington Post that starting in September, the performance of the company’s 330,000 staffers will no longer be judged based on company rankings and annual evaluations. Instead, the professional services firm will implement “a more fluid system, in which employees receive timely feedback from their managers on an ongoing basis following assignments



From FT

My suggestion is even simpler — to replace annual appraisals with nothing at all. Hire only managers who are able to manage, and who are good at telling people how they are doing, not once a week but all the time. If they aren’t up for this, they should not be made managers. If they are up to it, they don’t need an appraisal system as a crutch. They are better without one.
Twitter: @lucykellaway



Why do companies spend so many hours and money doing a annual appraisals? Because many bosses don't want to be bosses just want to get the money and the position. To be a good boss is a demanding position. You must try to improve the people you have every day. 

The most idiotic situation is when the annual appraisal is a big surprise to the employee. when that is the case we have a bad boss.


Every guy who’s really successful at anything wakes up and says, ‘How can I do this better?

Curtis Macnguyen, IVORY Capital
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2 Pics from this weekend ride


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5 Ideas + 1

Whatever you are, be a good one.
Abraham Lincoln

 Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away. The lesson for entrepreneurs is clear: If you want to create and capture lasting value, don't build an undifferentiated commodity business.


Peter Thiel
I'd like to live as a poor man with lots of money
Pablo Picasso 
The strength of your handshake predicts the length of your life

The Economist



Every guy who’s really successful at anything wakes up and says, ‘How can I do this better?

Curtis Macnguyen, IVORY Capital


one more


Well done is better than well said.

Benjamin Franklin
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No More BMW's

To have your own Currency!

 If you have less productivity that your  neighbor and you have a single currency slowly but surely everything will be produced by your neighbor. 

 In 30 years almost nothing is going to be produced in Greece.

 When a country joins a common currency area if you have low productivity you are condemning your people to stay unemployed in the long run. Slowly but surely.

What is the advantage of having your own currency? you can devalue and keep people working.

In the Eurozone Greece will have Tourism, olives & olive oil. That's it. Not even Feta cheese is going to be produced in Greece! To expensive.

 In a sense Europe should pay a bit to keep  Greece inside because they could do well outside the Eurozone. It could be a bad precedent. If they devalue the Drachma they could keep some industries working.

 However if they have their own Drachma there will be no more BMW's

More about the same:

 http://thoughtmeme.blogspot.pt/2015/06/europe-in-2035.html
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