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Book Review: The Missing Risk Premium by Eric Falkenstein
Get Rich Slow
Thursday, 31 January 2013 07:48

falkenstein-the-missing-risk-premium4

I'm going to keep this one short - read the book - it's good for investors on any level.

Some of the quotes from the book:

"The idea that to get rich you need to take risk seems to imply that risk begets higher returns, but this is just a logical fallacy, like using successful gamblers as role models for investing."

"Simon Lack notes that over the 1998-2010 period, a whopping 97% of the dollar profits generated by the hedge fund industry went to the fund managers, not the investors."

This is a good one, can be used as the summary for the book:

"Risk takers dominate our lives via their disproportionate effect on our genes and their influence on our technology and culture. They did not become successful, however, merely by taking some abstract risk that is the same for everyone and then enjoy the higher rewards that came with it. They instead took the right risks, those consistent with their unique strengths, and reaped rewards consistent with a mastery of something important."

If you are still not convinced, you can read this, more thorough review.

 
Backflip
Funny
Thursday, 24 January 2013 10:55

Good way to pass the time in the winter:

 
Principles of persuasion
Good Idea
Wednesday, 23 January 2013 09:26

 
Paul MacLean look alike
Funny
Tuesday, 22 January 2013 07:56

One of the fans at last night's Senators game stole the spotlight - looking like Paul MacLean, sitting behind Paul MacLean, ready to jump in for Paul MacLean. I know what you are thinking - wow, how did he do that? He must be his twin brother! Well, not quite. Because you are such loyal readers, I'm going to share a secret with you, but you have to keep it quiet. To perform this trick, you need 4 components:

Read more...
 
Dilbert on managers
Funny
Friday, 18 January 2013 08:27

managers

 
Better Business Bureau posted top ten scams for 2012
News unrelated to me
Wednesday, 16 January 2013 12:37
TOP ADVERTISING SCAM: ADVERTISING TROLLS

Consumers posting ads to free online listings like Craigslist to sell a vehicle are the target of unlicensed telemarketing companies. These companies are trolling through online ads to find someone to make a quick buck from. Companies often guarantee to sell vehicles quickly and promise a money-back guarantee. Problem is that these guaranteed vehicle brokers rarely sell your vehicle, rarely provide refunds, and only post your own ad to other free online listings - charging you a $500 fee for things you probably could do yourself for free.

Don’t let promises of guaranteed sales persuade you into a costly ad. Never give into a verbal promises, and do not provide credit card information until you have a contract that lays out all the terms and conditions. Check the company out on www.bbb.org.

Read more...
 
Backyard Igloo
Good Idea
Tuesday, 15 January 2013 13:57

 
Women's Track and Field vs Weightlifting
Funny
Tuesday, 15 January 2013 13:19

track and field vs weightlifting

 
Rights activist
Future Plans
Saturday, 12 January 2013 12:27

blank protest signI've decided that I'll become a rights activist. I'm not sure what rights I will stand up for yet. Everybody is doing something nowadays and I feel like I'm missing out. Based on preliminary research, I can share the following with anyone wanting to become a rights activist:

Join a group that is going to win regardless whether you join or not.

This is the first thing to look for. Don't join a group that is bound to lose or disband, like support for a Lobster Liberation Front.

Pick a popular trend

Gay rights is a popular one and the job is halfway done for you already. No group meetings, no demonstrations, the banner ads are already done, celebrity endorsements, etc - all you have to do is a little google search and boom - copy/paste into facebook and you're a gay rights activist.

Know your limits

Don't join groups for which you can end up dead or in jail. (Unless that is your goal)

That's all I have for now. Next time we will go over how to further narrow down your choices, so stay tuned.

 

And some humour:

support gary

 


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