Money360 Weekly Roundup: Midwest Blizzard Edition

The Midwest got absolutely hammered with snow the last few days. The job of moving this snow would seem almost insurmountable if it weren’t for our snowblower. Thank goodness for our Troy-Bilt.

The efficient market hypothesis essentially says that “markets and participants are at all times on a level playing field with respect to information. As such, no one person, trader, investor, speculator, whatever…has an edge over anyone else and thus, nobody should ever be able to “beat the market” over an extended period of time for any reason other than sheer luck.” I don’t agree with this. I think markets are inefficient quite often – that’s why there are bubbles. There are always large sources dipping their toes into markets, attempting to manipulate them for their own personal gain. My belief is that the only way the little guy can profit is by massive diversification. (@ )

“It’s hard to beat a guy when he’s got his mind made up that he’s going to win.” Words of wisdom there. (@ )

I don’t think there is a good way to do this. A friend of mine is lending money to his brother using a P2P lending site, though, which is an interesting approach to the situation. (@ )

I didn’t link to this because I think it’s some great diet solution. I linked to it because I think it clearly illustrates the one thing that works against any challenge in life: patience. You might get lucky and break a rock with a hammer, but if you give it enough time, I guarantee you the gentle lapping of waves on that rock will break it. Time and patience conquer all. (@ )

Tolstoy’s rules are pretty straightforward:

Get up early (five o’clock)
Go to bed early (nine to ten o’clock)
Eat little and avoid sweets
Try to do everything by yourself
Have a goal for your whole life, a goal for one section of your life, a goal for a shorter period and a goal for the year; a goal for every month, a goal for every week, a goal for every day, a goal for every hour and for evry minute, and sacrifice the lesser goal to the greater
Keep away from women
Kill desire by work
Be good, but try to let no one know it
Always live less expensively than you might
Change nothing in your style of living even if you become ten times richer

Mine are similar, but more family oriented, though I find the “stay away from women” one to be somewhat amusing. I tend to think it’s more of a focus thing in that members of the opposite sex can be a distraction from a solitary goal. (@ )

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