Success is not a ZERO sum game. My success is not your lack of success and vice versa. We can all have great success and it does not take away from each other. Therefore, success does not come at the expense of someone else. It isn’t as if there is a finite amount of “success” […]
1. Don’t take things personally What people say & do has more to do with them than you so don’t take things personally. The world doesn’t revolve around you. If you notice, that same person who said “bad things” about you most likely is saying “bad things” about others. 2. Don’t Accept Praise Why? Because
10 Life Elevating Habits Read More »
Wealth is a mindset game. Anyone can achieve it. Here are some strategies that worked for me for building wealth and maintaining it: 1. Reduce your debt✨ Make a plan to eliminate credit card and other higher interest rate debt. Interest adds up and cuts into your cash flow and amount of money you can
Wealth is a Mindset Read More »
Know your risk! Let’s talk about RISK. There is a disparity between risk perception and risk reality. By becoming aware of this disparity we can hopefully improve our decision making accuracy and maximize our expected values. Let’s talk about 3 heuristics (rules of thumb): 1. Availability Heuristic: The tendency to judge the probability of events
Risk Perception vs Risk Reality Read More »
Risk management is a paradigm. A mindset. Remember it is always about what it costs you. Your financials and your peace. Beware of 2 axioms: “Let Your Winners Run” and “Buy the Dip” It is always about what you keep. Your net. 1. What is “total open risk”? Scale in and out – I am
Risk Management Principles Read More »
What is long term investing? Growing your portfolio’s net worth for the future. Long term growth. We know the trajectory of SPX, NDX, DJIA for long term. It is always going UP. We don’t know if this rally at this time will be sustainable. We cannot control the market or its movements. Regardless of how
Long Term Investing & Dichotomy of Control Read More »
Why is willpower an ineffective tactic to achieve your goals and get things done? I will tell you! Willpower is essentially using one desire to overpower a conflicting desire. Having willpower is basically forcing yourself to do something regularly for several weeks or months until it becomes habitual and routine. However, at that point, it
Willpower is Ineffective Read More »
Most corporate bankruptcies (over 400 2023 YTD) in consumer discretionary. not surprising as margins compressed plus demand reeling in as people are cut back. the consumer has spoken. higher cost of debt and capital PLUS higher cost of goods. most corporate debt for larger
Most corporate bankruptcies (over 400 2023 YTD) in consumer discretionary. Read More »
And we don’t think there could be a huge supply of homes coming to market even though they are “locked in” to low rates? I have specifically said this since last year. It does NOT matter how low your rates are if you can’t pay due to inflation & elevated costs and being laid off
As higher cost of debt and capital persistent (even remaining at this level with no increase), many businesses esp small have much higher capital costs that decrease margins further causing tough decisions. Fold or be acquired at a discount? Consolidation or bankruptcy.
