I am based in Portugal , Portugal has always criticized Ireland capitalism etc....They don't care about the poor etc.... Of course minimum wage in Ireland is 1900 and Portugal 880. Of course GDP growth in Portugal is stalled for many years but there is one thing that Portugal beats all countries. The amount of taxes and size of taxes starting at low levels. If anyone wants to study what taxes do to an economy pls visit us.
All Socialist countries are poor but it takes time.
- Ireland gdp per capita for 2021 was $100,172, a 17.27% increase from 2020.
- Ireland gdp per capita for 2020 was $85,420, a 5.55% increase from 2019.
- Ireland gdp per capita for 2019 was $80,927, a 2.12% increase from 2018.
- Ireland gdp per capita for 2018 was $79,250, a 13.26% increase from 2017.
If you have a group of friends and each does his thing, you get very good information , you know what works. The world is moving in the direction of everybody does the same thing and that is dangerous. We can end badly. Fortunately not everybody was vaccinated for COVID perhaps we will learn something soon.
"The tragedy of our time is the monoculture of ideas: all people are forced to believe the *same* bullshit." - Nassim Nicholas Taleb
“It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something.”
― Franklin D. Roosevelt, Looking Forward
‘trial’ and error is a tremendously powerfull process for solving problems in a complex world. While expert leadership is not.
Tim Hartford
The only experts I know are Plumbers , toilette did not work and now....
From :
Become a professional disappointer
Find your moral code and adhere to it
This will disappoint people… good
Not drinking with your friends will disappoint them… good
Get comfortable disappointing people
Your life will flourish
You must choose between your attachment and happiness. You cannot have both.
To ask your kids to be happy is not enough
to be decent persons and to appreciate all the small things in life that is the trick.
All people in middle class neighborhoods today enjoy a better standard of living than John D. Rockefeller.
Data brings rationality in a world filled with negative headlines.
The "good old times" were not good old times, and a relapse to old conditions would be disastrous to both the servant and the master. It would sweep away civilization.
Andrew Carnegie
The world is not perfect but in many countries we now have
clean water
long life
healthy life
choice (perhaps too much)
Free time
You can move to another place (not every country you have passport)
The only thing that surprises everybody is the paradox of Choice.
The paradox of choice stipulates that while we might believe that being presented with multiple options actually makes it easier to choose one that we are happy with, and thus increases consumer satisfaction, having an abundance of options actually requires more effort to make a decision and can leave us feeling unsatisfied with our choice.
That is why many studies show that arranged marriages are equally happy or more than with love based marriages. Some studies say that love in love marriages in India does exactly what it does in love marriages here: it starts high and declines fairly rapidly. But love in the arranged marriages they examined started out low and gradually increased, surpassing the love in the love marriage about five years out. Ten years into the marriage the love was nearly twice as strong.
Perhaps if you really spend time choosing your partner you want that to be perfect since you put so much effort in the discovery process. anything less than perfect you get disappointed. Perhaps making the best of what life brings is a better strategy.
Oil is down almost 50% in 9 months.
BERKSHIRE HATHAWAY BUYS 7.9 MILLION OCCIDENTAL SHARES $OXY
As you know I believe that
1.we are consuming more oil every year. (growth of 1 million barrels per day). In the last 20 years oil consumption that used to be 80 million barrels /day now is 101 ....
2.When you invent a new form of energy the previous one (Coal , wood , ....) is still in use and at the highest levels ever.
3.The world needs energy to live, people want to use i-phones, electric cars, electric bikes, electric watches even all the kitchen gadgets are electric. If the poor become less poor the energy consumption will explode.
4.The easy oil in Pennsylvania 130 years ago was easy oil, it just exploded higher and we just had to collect. that easy oil we spent 1 barrel of oil to extract 70 barrels of oil. now we have to go to the deep sea, shale oil, to dig , to make explosions etc... now we are expending 3 barrels of oil to extract 20 or 30.
If something has demand and it gets more difficult to extract the price should go up with time.
I think if we buy an oil company and keep the oil under the ground and extract in 30 years that will be a good storage of wealth.
"You don’t need mentors, you need action."
@naval
Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy.
Dale Carnegie
An ounce of action is worth a ton of theory.
Ralph Waldo Emerson
