I had a fun talk with a friend tonight. We have known each other for several years over which we have enjoyed each other's company and comradare. When we needed it, we have helped each other out.
That is the difference between investment and gambling.
I would rather have a friend for years, than score tonight.
Thursday, October 23, 2008
Tuesday, October 14, 2008
Robbing a Bank.
On television or in the movies, the big score is always a million dollars and the antiheroes always pull it off and escape to the Caribbean.
In real life the haul is usually about 400 dollars, from a gas station convenience store. I don't know about you but I would need to do that about once a week to meet the needs of my current life style.
Sounds more like a job than an alternative to one. There is also the downside. Where are you going to get cigarettes and beer if you've knocked off every store in town at least once in the last year? Not to forget that poor on the job performance can result in death or jail time.
Really what I am thinking on, is that what we crave is a big score, rather than the hourly wage and bi-weekly pay. Release from drudgery and a life of leisure.
I think for the average person though there will never be a big score in the money sense and learning how to make better use of the daily and weekly scores is the secret to success.
In real life the haul is usually about 400 dollars, from a gas station convenience store. I don't know about you but I would need to do that about once a week to meet the needs of my current life style.
Sounds more like a job than an alternative to one. There is also the downside. Where are you going to get cigarettes and beer if you've knocked off every store in town at least once in the last year? Not to forget that poor on the job performance can result in death or jail time.
Really what I am thinking on, is that what we crave is a big score, rather than the hourly wage and bi-weekly pay. Release from drudgery and a life of leisure.
I think for the average person though there will never be a big score in the money sense and learning how to make better use of the daily and weekly scores is the secret to success.
Monday, October 13, 2008
If you cut a dollar in half.
The lore of grade school explains that you can take it down to the bank and get a dollar for it. Just as long as it has the serial number on it.
I never tested this theory, given that there are two serial number on each bill, a nice fat 100 percent return on every dollar..... just, well, ummm, seemed to be too good to be true.
Somehow though, a large group of adults, including my friends, your parents, the government and everyone on Wall St. decided that you could cut a dollar into a thousand or more little pieces, and those would somehow be worth a whole dollar when you went to cash it in.
In the past few months this theory has been soundly disproved.
In actuality a big kid just stole your dollar.
Derivatives simplified.
I never tested this theory, given that there are two serial number on each bill, a nice fat 100 percent return on every dollar..... just, well, ummm, seemed to be too good to be true.
Somehow though, a large group of adults, including my friends, your parents, the government and everyone on Wall St. decided that you could cut a dollar into a thousand or more little pieces, and those would somehow be worth a whole dollar when you went to cash it in.
In the past few months this theory has been soundly disproved.
In actuality a big kid just stole your dollar.
Derivatives simplified.
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