Australian (ASX) Stock Market Forum

Dump it Here

"To be stupid, selfish, and have good health are three requirements for happiness, though if stupidity is lacking, all is lost".

Gustave Flaubert

What he's saying is:

1- give up excessive thinking. It's a disease. (be "stupid")
2- look after yourself (be "selfish", rather than pandering to others or trying to win praise).
3- good health looks after itself. So it's really only 2 points.
 
I would like to endorse @Value Collector post.

Albert Einstein
Albert Einstein famously stated: “Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn’t... pays it.”

Skate

Jesus said it's a sin. :D

Compound is so powerful that ancient empires put into law and custom to forgive all personal debt every 49 or 50 years. Debt Jubilee.

Countries that don't find their social fabric being torn between the few that have much and many that have little to nothing. Then soon enough a more violent debt jubilee heads get lopped off and big buildings get burnt to the ground.
 
@tech/a I've rubbed shoulders with some really wealthy people & money is not the main motivator, they use it as a score card.

Skate.

Na, those who use money as a score card is bs you when they say money isn't the motivator.

It's like rich people saying money doesn't matter and they don't care about it.
 
Jesus said it's a sin. :D

Compound is so powerful that ancient empires put into law and custom to forgive all personal debt every 49 or 50 years. Debt Jubilee.

Countries that don't find their social fabric being torn between the few that have much and many that have little to nothing. Then soon enough a more violent debt jubilee heads get lopped off and big buildings get burnt to the ground.

Compounding doesn’t have to be debt based, and any way the Bible has heaps of silly rules, it’s best not to use it as a source of morality.
 
Skate please let me start by saying, looking at your 'post' count, your 'likes' count and the time you have been posting here no-one could possibly accuse you of over-posting! If they did so, check their post count and likes. Then you may well have a basis to tell them to go and get..........well, whatever tickles your fancy at the time.

Exercise #1
I purposely offend & upset some, I'll bring them to a rage (I'll milk that rage for all its worth)
Then I set out to condition them & have them apologise for misunderstanding me.
After a fair bit of their grovelling - I gracefully accept there apology while letter them know how hurt I was.

Now that takes skill.

I won't bore you with the others examples..

Skate.

Wouldn't have worked on me Skate. Rage happens when one is in a state of defense. I have never felt a need to defend my position. My position may be wrong/not quite right, therefore to listen to another view or opinion may well give me an answer I have been looking for. If not an answer, then a question which will yield an answer at some later stage. I would quickly have realized what you were trying to do and would spend the rest of my time with you (days, weeks,months) very subtly winding you up until you lost your cool. I would then have given you my mona lisa smile and we both would then know who was playing whom. :)

I turned sales people in to sales professionals
In another life I was a Sales Trainer - I didn't train the company staff, I trained the business owners directly or I trained their head trainer. (Train the trainer is a real title - go figure)

Many years ago I was a sales professional and was always in the top three (mostly number 1) of all the teams I worked with. In those days there was the first and best sales incentivization company called EF McDonald (nothing to do with hamburgers). They ran campaigns with a catalogue of the most desirable items a person could want and the catalogues were cutting edge design, years ahead of any catalogues of the day. These catalogues were given to the salesmen and points could be achieved which in turn could be redeemed for goods. Most of the items had a female orientation to them, which was a subtle way to get the good lady wife to push her husband that little bit harder to make enough points for the goods she so dearly wanted.
The boss of the company, I think his name was David Simonds or something like that, asked me to have dinner with himself and another and discuss incentivation with him as he knew my sales ability. Clearly for him and his company he had to continue to come up with items which would spur the salesforce to greater achievement, this is why he invited me to dinner to discuss what items would make me achieve greater results. I listened closely and felt obligated to think how I could give him the best and most honest answer. I searched inside my entire being (guts) and the only answer I could give him was to have on offer the most beautiful and tasteful object that said words to the effect 'Number One'. All other stuff in the catalogue I could buy. Being the best at something is beyond dollars.

@barney I'll do it to anyone, there isn't a demographic - I do it to males & females (females I enjoy - their apologies are so much better & so heartfelt)

Skate.

This speaks volumes to me about you Skate.

"To be stupid, selfish, and have good health are three requirements for happiness, though if stupidity is lacking, all is lost".

Gustave Flaubert

What he's saying is:

1- give up excessive thinking. It's a disease. (be "stupid")
2- look after yourself (be "selfish", rather than pandering to others or trying to win praise).
3- good health looks after itself. So it's really only 2 points.

Gringotts Bank, I haven't heard this before. I totally agree with number 1 and 2 but number three is the most important point, good health can be lost if you listen to others while ignoring your own body. Good health can never look after itself, it needs to be nurtured and listened to as a child who is at your mercy.

Now Skate, back to the current topic of this thread, a possible name change. My suggestion would be.....

"Fanfare of a Common Man"
 
Wouldn't have worked on me Skate. Rage happens when one is in a state of defense. I have never felt a need to defend my position. My position may be wrong/not quite right, therefore to listen to another view or opinion may well give me an answer I have been looking for. If not an answer, then a question which will yield an answer at some later stage. I would quickly have realized what you were trying to do and would spend the rest of my time with you (days, weeks,months) very subtly winding you up until you lost your cool. I would then have given you my mona lisa smile and we both would then know who was playing whom. :)

@Ann woman don't know their place - and your post highlights that fact.

Skate.
 
Na, those who use money as a score card is bs you when they say money isn't the motivator.

It's like rich people saying money doesn't matter and they don't care about it.

Your belief perhaps from your experience.

Mine is that those who have no use for money are not motivated by money
Those who have much more than they need pay no regard to money either.

Those that want money and don’t have it have the highest regard and motivation
Toward money
 
Jesus said it's a sin. :D

Compound is so powerful that ancient empires put into law and custom to forgive all personal debt every 49 or 50 years. Debt Jubilee.

Countries that don't find their social fabric being torn between the few that have much and many that have little to nothing. Then soon enough a more violent debt jubilee heads get lopped off and big buildings get burnt to the ground.

@luutzu thank you for the dopamine and endorphin rush the feeling was priceless

Eye of a needle
Jesus said "It is easier for a camel to pass through the eye of a needle than for a rich man to enter the Kingdom of Heaven,"

This passage goes a long way towards why the ‘The Bible’ needed a new translation.

Our mind makes up stories
Jesus was referring to one thing & our mind creates another.

Skate
 
Your belief perhaps from your experience.

Mine is that those who have no use for money are not motivated by money
Those who have much more than they need pay no regard to money either.

Those that want money and don’t have it have the highest regard and motivation
Toward money

I don't think I ever like money. Just that I know for sure as heck I need to have money. So there's nothing special about that. Most people work for money because bills got to be paid.

As to those who use money as a scorecard. I sure have heard of people who, with lots of money, say that they don't care for money but want lots of it to score how their achievement is against others...

I never believe their bs.

People who doesn't care for money will never use money as a scorecard for anything. The only reason they think they don't care for money is because they already have plenty of it so doesn't think money is important. But deep down they're as greedy as fark.

Nothing wrong with wanting to have lots of money. Just don't expect others to believe you're above it when you aren't.

Those who truly doesn't care for money will often doesn't have much of it. They just have "enough". Enough to pay the bills, a roof over their family, send the kids to school, some savings for a rainy day... But most often they spend their spare time, or their life, volunteering or donating or teaching or helping. They would never use money as a measure of their worth, or anyone's worth.
 
How many people sold out into cash before the downturn started ?

How many kept their investments and watched them decline, hoping for a recovery ?

The psychology would be interesting to know.
 

@Ann as you have raised the word time, I would like to take the opportunity to discuss another exercise I use.

Exercise #2
I won't explain the exercise in detail but it's directly related to time.

Hint
Do you know why movies run between 1.40 minutes to 2hrs 10 minutes on average?

Skate
 
@luutzu thank you for the dopamine and endorphin rush the feeling was priceless

Eye of a needle
Jesus said "It is easier for a camel to pass through the eye of a needle than for a rich man to enter the Kingdom of Heaven,"

This passage goes a long way towards why the ‘The Bible’ needed a new translation.

Our mind makes up stories
Jesus was referring to one thing & our mind creates another.

Skate

It was from a recent interview with some American Marxist economist/historian.

Apparently the commandment to not covet thy neighbour's wife and property was in relation to lending with interest.

That is, if you lend and expect interest, when the neighbour cannot repay both, you'd be "forced to" take his wife or daughter into slavery... then his farm too.

Nowadays, from the gov't to the big managed funds on down to the local investors... people are hyped into debt, excessive consumption, inflated properties that'll take either a big lottery win or a lifetime or two to pay off. Since we all only have one lifetime, those "silly" enough to get into the trap will either work their azzes off to pay for the sins of their youthful ignorance, or work and pay off until they can no longer keep up then hand over everything.

Hence, there's no Heaven and greed is good. If it ain't, lots of "fine" people will go to hell.
 
How many people sold out into cash before the downturn started ?

How many kept their investments and watched them decline, hoping for a recovery ?

The psychology would be interesting to know.

@SirRumpole that's a great question that I'm sure will motivate members to reflect on their strategy

Trade and invest
Everyone finds their own style of trading, or investing. I personally choose to Trade and invest

Investments
My investments are time driven - meaning minor blip don't really effect quality long term investments

Trading
Trading is another -I use a mechanical weekly trend trading strategy, a mechanical trading system, keeping me away from making any emotional decisions. My strategy makes those decisions for me.

I just follow the plan & pull the trigger.

@SirRumpole good traders don't hope for a recovery - we pray a lot (I've posted about that)

Skate.
 
It was from a recent interview with some American Marxist economist/historian.

Apparently the commandment to not covet thy neighbour's wife and property was in relation to lending with interest.

That is, if you lend and expect interest, when the neighbour cannot repay both, you'd be "forced to" take his wife or daughter into slavery... then his farm too.

Nowadays, from the gov't to the big managed funds on down to the local investors... people are hyped into debt, excessive consumption, inflated properties that'll take either a big lottery win or a lifetime or two to pay off. Since we all only have one lifetime, those "silly" enough to get into the trap will either work their azzes off to pay for the sins of their youthful ignorance, or work and pay off until they can no longer keep up then hand over everything.

Hence, there's no Heaven and greed is good. If it ain't, lots of "fine" people will go to hell.

@luutzu after you made a religious post my mind quickly turned to a strategy how to play tennis with you – what regime I would use to score the match.

I settled on pin pulls, (Pin pulls are like key changes to a singer) I would control the tempo & the direction of our chat.

I would use the pin pulls frequency rate to be the deciding factor for my personal score (all this went through my mind in a heartbeat)

That’s when I decided to switch off my Lizard brain.

Skate.
 
But deep down they're as greedy as fark.

This is an emotive reaction.

So people who employ a lot of staff and as a consequence of running a good business
looking after their staff with income well above the norm to an extent that a large majority
have long service leave and make as a consequence way more than they will ever need
are as Greedy as Fark?
 
@Ann as you have raised the word time, I would like to take the opportunity to discuss another exercise I use.

Exercise #2
I won't explain the exercise in detail but it's directly related to time.

Hint
Do you know why movies run between 1.40 minutes to 2hrs 10 minutes on average?

Skate
Probably related to shift times for theatre staff 7.30 shift start, 10.30 shift finish. Get people seated, get the rubbish picked up after the show is over.

Although when I had a second job for 10 years as an usherette we worked till the film finished and we were paid per session, not per hour and no Sunday over time. I always got the extra Sunday shift because I didn't care about double time and a different movie was playing on a Sunday. Sometimes we used to run marathons so my shift could last from about 7.30 to midnight. I just liked getting to see movies for free and be paid at the same time, love win/win! :)
 
Money money money, its the root of all evil, apparently.

Money and power hang out together, but power has so many variations, from controlling other people to what I favour and that is the power to choose what to do with my time. Particularly as in getting up early and working too many hours for someone else as you get older and less interested.

The power of choice is what motivates many.
 
Top