Friday, June 12, 2009

Cramer

Don't listen to this guy, he missed the fall and in my humble opinion he is wrong about the next year too:

http://www.cnbc.com/id/31255389

As I have said before, unless you want to gamble, or have a 15-20 year time horizon, or are a trader, or are REALLY good at analyzing balance sheets and picking individual stocks, stay out of the market for a while longer. Maybe a year, maybe 18 months. When you get back in make sure it is into a well diversified portfolio that is appropriate for your age and situation.

This video illustrates why you shouldn't believe the hype. I may disagree with much of John Stewart's politics, but this clip is great. The truth can be very funny. Just because people on Wall Street act smarter than the rest of us doesn't mean they are.


The Daily Show With Jon StewartMon - Thurs 11p / 10c
CNBC Financial Advice
http://www.thedailyshow.com/
Daily Show
Full Episodes
Political HumorNewt Gingrich Unedited Interview

The How and Why of Work

This economy is having the positive affect of helping people value their work. More and more people are becoming thankful for the jobs and skills they have. This is a good thing. Gratitude breeds peace and destroys the resistance that we all have to hard work from time to time. In addition, people are realizing that social status is not so important.

I hope this will bring us to a new time where quality and innovation will flourish. Where entrepreneurs, not mammoth inefficient bloated corporations (like GM) will have a leg up. This correction in the economy is a huge opportunity, for many things, not just making money.

It is an opportunity to realize it is not the job you have, it is the quality of your consciousness while you are doing that job that matters. This is what creates real value.

Here is a silly little example: My kids love Lee Ann Chins. There are three of them within a relatively short distance from my house. We always go to one now, instead of the other two. Why? Is the food better? No, no, no. It is because the manager there is awesome. He does his job very well. He does his job, not with the resistance of someone telling themselves, "I am just a manager at Lee Ann Chins, this sucks." No, he does his job with the attitude, "This is my job. This is where I am right now. I am going to do well. This is going to be the best freaking Lee Ann Chins in town. We are going to have the best service possible." He is friendly, efficient, kind, remembers his customers (not just us,a bunch of them), and brings an energy to his work that infuses it with quality. I have no doubt the universe will reward this guy. He will do well at whatever he does.

So whatever you are doing, enjoy it. Do your best, as trite as that sounds. Even if it is laundry, picking up dog sh__, mowing lawns, etc. It doesn't matter what you do, it's how you do it that changes the world.

And the WHY? Well, just because. What's the alternative?

Monday, June 8, 2009