The Dying Breed

Society has become soft. There I said it. From time to time I deactivate my Facebook, only speak to people I must and avoid television. The simple reason as to why I do this is because I cannot take how many whiners are out there in the world living, breathing the same air I am and not being reprimanded for being a sad excuse for a human being.

I hope it got your attention because I strongly feel that way. People are way to sensitive. I bet people will read the above statement and they are immediately offended and have a problem with what I said. Human beings are heading in an awful direction. They expect things to be given to them and they feel their feelings should never be hurt. They just want to live their life. They are upset there is suffering in the world. They are jealous and full of envy.  Young folks revel in the concept that its great to get a job that will just fill their needs so they can just go live their life and enjoy things. That is sad.

If that is your choice go ahead do that. I am not saying people shouldn’t feel that way or don’t have the right to feel that way. We should however, not endorse it and should take people like that an laugh at them.  See people today want to do what they want but then when it comes time to face the consequences of doing what they want they cry foul play. People today think they should be able to do what they want, and if someone has something to say they shouldn’t be allowed to say it, if its negative.  That is soft and is a celebration of mediocrity.

Its in our fiber as humans to achieve greatness. Carpe motherfucking diem you get what I am saying. Seize the day motherfucker it is what we are here for. Life should be about fulfilling greatness. One word should define it, achievement.  Often times people say “when is enough, enough?” and the answer is simple. Never because its not about getting enough. It’s not about reaching a goal and saying I am happy with this. Its the path or journey to that point we as humans thrive from. We are addicted to the work, the journey, the game.

I consider myself one of these folk. I yearn for greatness everyday, tomorrow must be better than yesterday. I live my life with the motto “If you do tomorrow what you did today, you will get tomorrow what you got today.” Whatever needs to be done will be done. If I fail I stare it in the face and never repeat the same process. To put it simple I am addict to the effort. I am addicted to doing what it takes. I am addicted to the feeling of accomplishment.  I am addicted to staring failure in the face. If you have never stared failure in the face you don’t know what success is. That makes you fearless. This is the dying breed. We are far and few between.

If you want to just make a living so vacations, fancy restaurants and some luxurious clothes are in your means prepared to be called inferior. You are inferior because you are content. If you are content be prepared to accept what it is that you are. If you want to be content then when people chastise you own it and do not complain. Do not be envious and jealous of people who have more.

Long-Term Thinking: 1800-2013

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A great satirical piece on the horrendous reporting of financial markets and is a must share.

Morgan Housel – January 3, 2014

Long-Term Thinking died on Tuesday. His last true friend, Vanguard founder Jack Bogle, was at his side. He was 213 years old.

Long-Term Thinking lived an illustrious life since the start of the Industrial Revolution, when for the first time, people could think about more than their next meal. But poor incentives and the rise of 24/7 media chipped away at his health. The final blow came Monday, when a trader on CNBC warned that a 10% market pullback — which has occurred on average every 11 months over the last century — could be “devastating” for investors. “That’s it,” Long-Term Thinking whispered from his hospital bed. “There’s no more room for me here.” He died soon after Bloomberg published its daily tally of how much the net worths of the world’s billionaires changed in the previous 24 hours.

Long-Term Thinking endured the Great Depression, world wars, and spiking interest rates in the 1980s. But the last five years proved too much, as he fought for relevance with cable news, Twitter, and derivatives. He was hospitalized in May 2010 after pundits lost their collective minds over a “flash crash” that made a few stock prices freeze up for 17 minutes. “Computers froze for seventeen minutes and they literally think American industry vanished,” Long-Term Thinking told his psychiatrist. “These people are insane.”

Fifty years ago, the average stock was held for more than eight years, according to LPL Financial. By 2010, the average stock was owned for five days. Fifteen years ago, S&P 500 companies spent more than 40% of available cash flow on capital investments. That fell to just over 25% by 2007, with the difference going mostly to share buybacks, likely to boost option-based compensation. “Our culture has an endemic problem of short-term thinking,” Long Term said in his final speech in November. “Years have become months, months have become days, days have become milliseconds, and milliseconds have become careers. However much you think you’re winning in the short run, you’re losing in the long run.”

Long-Term frequently blamed media. Louis Rukeyser’s Wall Street Week went off the air the same year Mad Money, Jim Cramer’s daily investment show, debuted. The number of important financial events hasn’t changed since Rukeyser could cover a whole week’s news in an hour — just the amount of drivel, gossip, nonsense, and hyperbole. It was too much for Long-Term Thinking to handle. Once the bastion of rational thought, he became the laughingstock of the financial world, repeatedly teased for his indifference to candlestick charts and the 50-day moving average.

Some mourned his passing. Peter Burton, a hedge fund manager from Greenwich, Conn., said, “It’s sad to see him go. Everyone in my field knows he was right. With our own money, we think years out in the future. But with clients’ money, I have three months to be correct, or I’m out of a job.” Shaking his head, he continued: “The dirtiest secret in finance is that few of us are incentivized to do what’s right. Your pension fund, your 401(k), and your kids’ college funds probably have a time horizon measured in decades. But you pay me based on how I perform against my peers every 90 days. It’s such a joke.”

In lieu of flowers, his family asks that you turn off CNBC and stop checking your brokerage account.

No Pitch

(The Motley Fool)

Be Fearless

They always say life is about finding yourself and what not. Go do you. Over the past couple of years I find myself thinking a lot. A few life experiences I’ve had over the past couple years have sent me to rethink how I view life.  I’ve ended up enjoying time by myself, smoking a cigar, throwing down some scotch, and staring at the sky. Complete solace. Going deep into thought about philosophy and thinking about what makes the world we live in tick and how we all come to be at the event or inflection point we just found ourselves at.

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I’ve made it a common practice for myself to do on a regular basis and it’s improved how I am as an individual and how cavalier I’ve become.  I look at the night sky and the stars, think about how this universe becomes what it is. Go back to the big bang where photons are crashing into one another, creating stars and planets. There are chunks of mass floating around crashing into one another, exploding but with each explosion there is a new creation which follows the same path as the latter. Constant repetition of this process over and over again.

This has to do with everything because if you look at the world and the life you live it’s exactly how life functions. Every moment, relationship, experience follows this trajectory. That is why it is insane for people to act shocked when things go wrong, fall apart or come to the end. Nothing actually ends it’s just a new creation. When people are shocked that asset prices in stocks and bonds come crashing down at some point or an economic boom busts it’s crazy. It should be expected because it follows the mapping of the universe.  And for anyone to think that humans can collectively control this is pure hubris. To think that way is pure audacity. Every civilization of human beings rises and falls at some point. Before human beings dinosaurs thrived rose and were extinct. The universe creates and destroys. Then from those pieces of destruction, a chain reaction of another boom and bust starts.

The correct way to view life is to leverage what the universe presents and take advantage of it. Human beings have become sad creatures. Modern life is pathetic. Everyone thinks they are important and we now have generations of people raised to think they are special in time having fucked the world up. People who tell you what life is and how the world works are full of shit. People who tell you the right way to live your life is x, y and z are speaking on no merit. I’m here to say you have to come to the realization that you have completely no idea. Then at that moment you are on the right path.

The universe is a giant boom bust cycle. It transcends directly into how are creatures live. It’s completely uncontrollable. Achieving greatness and success starts with realizing this. You never will be able to predict anything or know anything. Only to just possess the ability to influence it. Look at the world around you and figure out what you want to achieve. Take actions and make decisions that will alter the variables that surround you.  Improve your probabilities of catching greatness and then proceed to not pat yourself on the back. Realize that this moment is fleeting it has an arc will end creating a new opportunity. Use it.

The universe is too complex and full of too much for us to comprehend. We try and project a human understanding onto it which limits what it actually is. Don’t let this intimidate you because as large and deep as the universe is we are larger than it is. Everything is made up of the same photons and same particles. You have stars which are gas concoctions, planets which are hunks of rock and then you have us. We are trillion celled organisms working in unison, the same photons and particles as the stars and the rock but with consciousness. Power beyond measure.

Basically to make it simple. Realize you know nothing and can’t predict a thing. Now act accordingly.

Take It From The Guy on $100 Bill He Would Know

Benjamin Franklin’s Top 9 Words of Advice for Living a Productive Life

1. The sleeping fox catches no poultry.

2. Lost time is never found again.

3. Laziness travels so slowly, that poverty soon overtakes him.

4. Early to bed, and early to rise, makes a man healthy, wealthy and wise.

5. There are no gains, without pains.

6. Diligence is the mother of good luck.

7. Be ashamed to catch yourself idle.

8. Let not the sun look down and say, “inglorious, here he lies”.

9. A life of leisure and a life of laziness are two separate things.

 

Here is an example of his daily routine.

Let Me Point Something Out

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Everyday these days you turn on the teevee, radio, podcast, the twitter or whatever outlet you go to for news and there is constant talk about wealth disparity. The conversation goes on incessantly about free markets and capitalism is failing the world. Look at the wage gap and look at the crises and the minimum wage workers.  These conversations make my blood boil and blood pressure rise. One could spend all day going into detail about each facet of this conversation but that is not what the world needs. The root problem here is people are “donning” the economy and world we live in today as capitalism. This is the biggest lie and con artist job being told to everyone.  It’s like a package of crap wrapped with a Capitalism label and I am sitting here saying “What the fuck?”

This is the common denominator in every discussion we have today about why there are no jobs or why aren’t wages growing. It’s the exact reason why health care reform is an issue. The crime here is they, these freaks and liars have labeled anything that has to do with business as “free markets” or “capitalism.” The truth is that business or corporations aren’t interchangeable with free markets. The corporations are merely just a part of what one would call the market.  For markets or capitalism to function properly competition needs to be healthy and strong. Freedom of choice needs to be strong.

Competition is beaten down and faded. There really is actually no freedom of choice when making purchases anymore. Prices are challenged by just a few or couple corporations. Consolidation has limited competition and freedom of choice.  Look at cell phone providers it’s an oligopoly. Same goes for the supermarket. Majority of all of the products being sold in a given supermarket trail back to just roughly 4 corporations which own all these brands.  The illusion of choice, look at healthcare as an example.

The reason healthcare costs are out of control is because of a lack of competition and barriers to entry.  Yet over the past 5 years you have heard people in this Obamacare/Affordable Healthcare Act debate that our “free-market” model has failed us. I would just like to ask those people “what the fuck are you looking at?!” There is no competition in the cost of actual care given and no competition with policies on a national level. It doesn’t matter if everyone has insurance or not because the price of serving a sick person is out of control. All it does is create a risk pool (insurance term) of people who can now get care. Healthy people paying for sick people while nothing has been done to address why healthcare cost are expensive. Maybe it would have been a smart question as to why healthcare costs are expensive.  Maybe health insurance wouldn’t be as expensive or unattainable if that idea got addressed. It’s not rocket science.

Now if it isn’t rocket science how come it just didn’t go down that way? Well if it was a free-market it would have happened that way because it’s the best course to take. The powers that be, corporations look at all this money they can make and government programs look at all the funding coming their way. So they obstruct it. Obamacare is just a simple skim tactic to suck money out of people.

That isn’t capitalism or free markets. Its cronyism or what some people would call corporate communism.

Its Up To You: Statistics on Rich vs. Poor

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Behavioral statistics on what separates the poor from the rich. Life is what you make it folks. 

76% of wealthy believe bad habits create detrimental luck vs. 9% for poor

79% of wealthy network 5 hours or more each month vs. 16% for poor.

76% of wealthy exercise aerobically 4 days a week. 23% of poor do this.

63% of wealthy listen to audio books or podcast during commute to work vs. 5% for poor people.

81% of wealthy maintain a to-do list vs. 19% for poor.

63% of wealthy parents make their children read 2 or more non-fiction books a month vs. 3% for poor.

70% of wealthy parents make their children volunteer 10 hours or more a month vs. 3% for poor.

67% of wealthy write down their goals vs. 17% for poor

88% of wealthy read 30 minutes or more each day for education or career reasons vs 2% for poor.

6% of wealthy say what’s on their mind vs. 69% for poor.

67% of wealthy watch 1 hour or less of TV. every day vs. 23% for poor

6% of wealthy watch reality TV vs. 78% for poor.

44% of wealthy wake up 3 hours before work starts vs.3% for poor.

74% of wealthy teach good daily success habits to their children vs. 1% for poor.

84% of wealthy believe good habits create opportunity luck vs. 4% for poor..

86% of wealthy believe in life-long educational self-improvement vs. 5% for poor.

86% of wealthy love to read vs. 26% for poor.

(Statistics from  RichHabitsInstitue.com,)

Carl Icahn Tells It Like It Is

Carl Icahn tells it like it is.

On the US Economy

“I’m not telling you that we’re not a great country. We have great assets. I just think it should be much stronger. You have a real problem in this country today. You have a major unemployment problem in this country. And frankly, I don’t really think this economy is growing all that quickly. I think it’s growing because (Ben) Bernanke keeps pumping money in and I’m not saying that’s a bad thing, but I am saying you can’t do that forever.”

On Media perception of activism:

“The reason guys like me I think are covered is because it’s fascinating that we do so well. You know, Why do you cover a winning athlete? I think it’s just that the success breeds the coverage, to some extent. But the real interesting thing is that even with that coverage – and some of that coverage, by the way, is not positive. I don’t have to tell you guys. A lot of the coverage that I get is certainly not positive. I mean, here, we are saying Apple should do a major buyback, which to me is self-evident and yet you get a lot of umbrage about that. How can you tell Apple what to do and all that stuff?”

On his legacy

Carl Icahn: “I haven’t really thought about it really that well. Be a real force in changing corporate governance because I know it sounds completely corny, I grew up as a poor kid from Queen’s. And I was lucky enough to get into Princeton because I did well on the college boards and I came from a tough neighborhood. No country in the world could have done as well as I did and you feel like you owe the country something. You’re giving back most of the money you made. But the real issue I think you could do to change this country and what is almost outrageous is the corporate governance is the pay. I mean, it is completely, totally reprehensible that a CEO makes 1,000 times what a worker makes and then he’s playing golf all day. I am not saying every CEO plays golf. And on top of that, the stock of his company has fallen and he’s still making a 1,000 times what the guy makes and when you finally get him out he gets a huge severance package. This is outrageous. There is no corporate governance. I think it’s time the big institutions start paying much more attention to what their obligation is. My legacy can be to change (the structure) somewhat. In some way, I’d like that to be my legacy.”

(Reuters Interview)