chess online
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 Investing.I did some researching on you this morning; traced some of your posts from years ago. Basically, what I did was to painstakingly read some of the earliest club threads and look for one's which had multiple replies. I scanned a few of them, seeking any replies by you. I found some gems, by the way, however the topic of investing really piqued my interest. (I like the manner in which you cut to the chase, dismissing the small talk.) You state a few things that I've always felt and other things that I'd like for you to expound upon. First nugget: "If you want to make a lot of money, you better learn how to create value." -Is this not like the salesman who emphatically states, "You gotta sell yourself first!". This always seemed like the elephant in the room to me, yet everyone rattles this off as if they hold some secret to exceeding goals. Of greater significance, is creating 'value' for a prospective client; worth, merit, importance. Solving a need. I still hold an active real estate broker license in Florida and I think I've made mention how this was the only job I've ever loved. As a teenager, I would watch those Carlton Sheets infomercials for hours... I had to sue former employers for payment: Lennar, Mercedes. Hence, I'm an engineer on this day... I will return, however, land & homes are my true passions. Can you expand upon "value" for those interested? Also, you stated, "BIG FYI: Stocks are designed to maintain wealth... not create it." -As someone with substantial holdings in small cap oil and gas exploration firms, I'd really like for you to discuss this as well. Thanks, Mr. M |
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Oh Boy. If I told everyone what I really thought about that it might get me in a lot of trouble, I sometimes fear! I don't want this to end up being a political statement, but the two are entwined, and I don't put this out there to be political except that these are my feelings. I believe in the creative genius of people. I see people do great things all of the time. I also believe that some of that genius is linked to the marketplace. Some of it is not. That means that if you are great at something it might make you money or it might not; that does not mean that one thing is more valuable than the other on a personal level. It only means that the marketplace has a need for one person's energy, effort and genius and the other person might not fit into the marketplace without some help or timing... For example, Steve Jobs and Bill Gates were brilliant value-adding individuals in the marketplace. Had they been born ten years earlier or later, we would not know their names. It may not sound fair, but it is the truth. If you want to be employed you need to add value to your employer's world. You can do that sweeping, mowing, taking notes, organizing, lawyering, accounting, leading etc... Those are all good jobs. They are all value-adding jobs to the employer. If you want to make a lot of money, you need to add value in the marketplace. There is a difference between the two of drastic proportion. I suspect that engineers and software designers that make a great living at Apple and MicroSoft today might be better at their respective jobs than either of the aforementioned Company starters or entrepreneurs. That is because they seek their value internally. To build something externally--naked to the whims and decisions of the market place-- you have to be willing to do much more than account or lawyer or design. You have to be able to take stock of who you are and how you might be buffeted about by the market and dive in. You have to be able to assess the waters you are swimming in and change course in a moment. And you will fail. A lot. And as you do the question you must keep before you is how do I add value...what are people willing to pay for... I have seen friends and associates make a quick buck from a situation built on relationships. I have seen others make a buck building something or providing a service. But these are not going to last long or grow large until the marketplace, in its callous and impersonal way looks down and says, 'you are needed'. That may seem unfair. The world right now is full of folks that don't like that equation. The math to them says that they either don't have the skill, patience or risk taking ability that others do. They may not even be willing to work THAT hard. And it's hard. They end up thinking, as Obama recently pointed out, that we didn't build our businesses. But he is wrong. He mentions people that think they are smarter. Or think they work harder. That they don't deserve more than others. But he is wrong... ----- I am out of town currently and will continue with these thoughts, and maybe the most important ideas regarding value added work in PART II. DoK |
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Part II |
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Illi Thank you, and good night. DoK |
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Perhaps DoK ps…If you want to know about Real Estate, MRM…I could give you 20 years of hard core experience in the field; commercial, golf courses, residential. I have a few opinions on where to go these days etc…but I'd like to hear others thoughts about things too. |
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I will say this while it is on my mind. There is a rising generation of kids trying to get jobs that don't have clue what they're doing. They don't know how to contribute because they haven't been taught to be responsible or develop skills. That's a good thing because if you are willing to work hard and you're bright and you are willing to educate yourself you can succeed. If you haven't had that opportunity--you know you haven't. It is obvious, you know you haven't and life has been a hard row. Give as much as you can to your kids thru education, discipline and an effort to teach them. And love them. The world will spit them out. Someone needs to love them. Better be you. Thought for the day. Mean ol'e DoK |
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mrmarmalade 08-Aug-12, 18:33 |
Deleted by mrmarmalade on 09-Aug-12, 16:46.
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Certainly |
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mrmarmalade 08-Aug-12, 18:53 |
Deleted by mrmarmalade on 09-Aug-12, 16:47.
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That is I am sorry to hear that. Sorry indeed. DoK |
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There DoK |
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BTW MrM, our expectations are actually quite low. |
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