Why we are doing what we’re doing
For the 14 years that I have been in the business of helping individual investors, this is what the world of finance has looked like to most people:
Jobless claims, ECB rates, Federal Reserve, Technical analysts, conflicting messages of predictions of tops, bottoms and currency wars.
These are the distractions of a non-stop news cycle, a hype machine.
That’s why we created this:
See, we believe that for most people, getting started investing should be about three things:
1. Investing in companies that you understand and like
2. Taking a long-term view… becoming a shareholder
3. Enjoyment. You become good at the things you enjoy.
LikeFolio sets out to simplify “finance” down to what matters most…. discovering the companies that you want to call yourself an owner of.
We’re just getting started, but I love where we’re going.
36 Truth Friday
- No one cares how hard you worked.
- People really care about what you can do. For them.
- 99% of the players on your favorite college team know FAR less about their opponent, schedule, etc than you do. The other one is a walk-on.
- War will always be a part of the human condition.
- Attractive people get more.
- Strong > Skinny > Fat
- Generally speaking, people are compensated an amount almost equal to the value of their work.
- Entrepreneurship is a long, long-term plan and a massive grind.
- The middle ground is the most dangerous in the long run.
- Your degree is worthless.
- Truth is not relative.
- Individuals pursuing their own rational self-interest is always the motive. If you believe otherwise, you are a tool in someone else’s pursuit of their self-interest.
- Incentives drive behavior.
- Visualizing what you want the ball to do is enormously effective at accomplishing that outcome.
- If you can’t run 3 miles at an 8 minute pace and do 4(m)/1(f) pullups, you’re out of shape.
- You spend too much time looking at glowing rectangles.
- No one will remember you in 142 years.
- Today matters far more than yesterday and marginally more than tomorrow.
- Non-local government has only 3 legitimate functions. The rest are destructive.
- Pappy Van Winkle 15 year bourbon is quite possibly the finest drink ever created by man.
- The college kid you’re yelling at for fumbling? He’s thinking about getting drunk and laid at the party tonight. Guaranteed.
- The perfect workout involves no machines whatsoever.
- Surfing, skiing, and boarding are the realization of heaven.
- Competition is natural and productive.
- Losing is great for you.
- Winning is always better.
- In 142 years, people will be benefiting from the decisions and actions that you take.
- Your significant other is attracted to other people.
- Gambling makes it far more interesting.
- You will burn your burn and use your runway.
- There’s always a one-time expense
- People with no apparent vices should never be trusted.
- She wants to be dominated.
- Han shot first.
- Apologies don’t contain the word “if”
- You could be doing so much more.
I see fast-food workers are striking. Good for them. Refusing to work for less than you believe you are worth, and joining others who believe the same, and making the consumer aware of the conditions they support…that’s great free-market stuff.
I see their demands are political, centered around the minimum wage. Bad for them. Wrong move. They’re being used by zero-sum losers who gain when the victim-class grows. Occupy rookie shit.
Instead of standing outside saying “We know we are worth more, and we won’t work until you pay us that value!”….
They are saying “We know that we aren’t worth it, but we want men with guns and jails to force you to pay it!”
The only way that strikers can be right is to be right. By refusing to work for the wage, and by putting the company in a position where it must pay them what they demand because no one else is willing to produce as much value for that cost.
If others can do what you do for less money, you lose. If they can’t, you win.
It’s really not complicated.
p.s. I absolutely LOVE reading all of the articles where the author feels the need to make clear his negative opinion on McDonald’s food… as he yammers on about how the price for that same food could easily be higher. Amazing.
Google abandoning reader was NOT an opportunity
I really cannot understand how Google abandoning reader made people think that an RSS reader was an opportunity. Obviously, the market there is shit.
Google dominated that market and still didn’t want it. Just walked away!
Not only is getting into the reader business “Red Ocean”…it’s a bloody red ocean where the only thing left are scraps that the big fish didn’t want to bother with. Leave it to the vultures to clean up that carcass.
I’m late to this but it’s a lesson we should have all learned from it. When the best don’t want the market, you shouldn’t either. Instead, invent or expand a market that they will want in the future.
The next battlefield?
I don’t know enough to know if I’m wrong— by default I believe I’m right— and right now logic tells me something really bad is probably in the works. In the last 2 weeks, we have had outages and hacks on major epicenters of U.S. internet commerce and communication.
Of course, after months of revelations about the massive amounts of snooping that the NSA does along with the drumbeat of Syrian war, it’s next to impossible to even contemplate who is behind what.
But what I do know is that I don’t remember ever seeing these types of outages/hacks on such major platforms so close together, so seemingly systematic.
Obviously, I’m not breaking new ground here…..it’s a known threat…
But now is a better time to prepare for a major full-scale internet outage than later. Imagine your life, your business, your banking, your transportation, etc….without reliable internet access for 30-90 days.
Insulate against that.