My Portfolio Quotes

I remember Guillermo saying the cracks and breaks were the best and most interesting parts of the work in my portfolio. Perhaps it’s the same with people and their cracks and breaks.

The religions in my portfolio weren't useless after all, he thought, the power flowing from him and remaking the world. None of them were. They weren't all true. But they all had truth.

You added yourself to my contacts list?’ I gasp. When did he do that? I mentally sprint through our meeting, settling on my visit to the toilet when I left my portfolio and phone on the table. I can’t believe he went through my phone! ‘I need to be able to get hold of you.

What the hell does it all mean anyhow? Nothing. Zero. Zilch. Nothing comes to anything. And yet, there's no shortage of idiots to babble. Not me. I have a vision. I'm discussing you. Your friends. Your coworkers. Your newspapers. The TV. Everybody's happy to talk. Full of misinformation. Morality, science, religion, politics, sports, love, your portfolio, your children, health. Christ, if I have to eat nine servings of fruits and vegetables a day to live, I don't wanna live. I hate goddamn fruits and vegetables. And your omega 3's, and the treadmill, and the cardiogram, and the mammogram, and the pelvic sonogram, and oh my god the-the-the colonoscopy, and with it all the day still comes where they put you in a box, and its on to the next generation of idiots, who'll also tell you all about life and define for you what's appropriate. My father committed suicide because the morning newspapers depressed him. And could you blame him? With the horror, and corruption, and ignorance, and poverty, and genocide, and AIDS, and global warming, and terrorism, and-and the family value morons, and the gun morons. "The horror," Kurtz said at the end of Heart of Darkness, "the horror." Lucky Kurtz didn't have the Times delivered in the jungle. Ugh... then he'd see some horror. But what do you do? You read about some massacre in Darfur or some school bus gets blown up, and you go "Oh my God, the horror," and then you turn the page and finish your eggs from the free range chickens. Because what can you do. It's overwhelming!

The religions in my portfolio weren’t useless after all, he thought, the power flowing from him and remaking the world. None of them were. They weren’t all true. But they all had truth.

The typical big winner in the Lynch portfolio (I continue to pick my share of losers, too!) generally takes three to ten years or more to play out.

Wesley went everywhere with me from then on. I even wrapped him in baby blankets and held him in my arms while grocery shopping, to keep him warm during the first cold winter. Occasionally someone would ask to see "the baby," and when I opened the blanket, would leap back shrieking, "What is that?! A dinosaur?" Apparently, the world is full of educated adults with mortgages and stock portfolios who think people are walking around grocery stores with dinosaurs in their arms.

Hey, Red.” I greeted her with a cocky grin. “Can’t stay away from me, huh? Don’t blame you.” I gestured at myself. “Look at all this.” I was still shirtless from the shower, and I didn’t want to brag or anything, but my abs were a fucking work of art. “If I knew you had company, I would’ve waited,” she said dryly. She was carrying a large portfolio bag, which was strange, since she didn’t draw. Maybe she went shopping earlier. “Wouldn’t want to interrupt your weekly lovefest with your ego.” “Daily,” I corrected. “Self-love is critical to maintaining one’s self-esteem. But you’re hot, so you’re allowed to interrupt.

It inspired me to diversify my portfolio of attachments, so to speak, partly so I wouldn't overwhelm any one person with the fire hose of my 'undelivered discourse,' but also to protect myself from leaning to heavily on a buttress that couldn't and shouldn't sustain my full weight.

I decided to evaluate my portfolio only once a quarter. I am too loss averse to make sensible decisions in the face of daily price fluctuations.

This is a Lucent PBX with Audix voice mail, right? I used this kind at all of my old jobs, so I'm pretty familiar with them." Completely ignoring me, Pat continues to demonstrate every single one of the phone's features, half of which she describes incorrectly. I don't bother taking notes because I've used this system a thousand times. I have no need to transcribe an erroneous refresher course. "Hey, you should be writing this down." Like I said, I've used this system extensively and--" WRITE IT DOWN," Pat growls. "If you screw up the phone, Jerry's gonna be on my ass." No problem." I'm slowly learning to choose my battles and figure this isn't the hill I want to die on. I pull a portfolio out of my briefcase and begin to take notes. When the phone rings and Jerry isn't there to answer, you pick it up and hold it to your mouth like this. You say, 'Hello, Jerry Jenkins' office.'" I write: When phone rings, place receiver next to your word hole and not your hoo-hoo or other bodily aperature, and say, "Shalom.

I hate babies with trendy names like Tiffany and Britney and Heather and Noah and Blake and Justin. I’m sick of Olivia and Chloe and Eva and Madison. I hope Aiden and Jayden and Braden and Graden all suffer minor head injuries while reading Dr. Seuss. Enough already with the cutesy-poo baby names. What happened to John and Dave and Sue? Babies with trendy names grow up to be adults with ridiculous names. “This is our CEO, Micah.” “You know what, Micah? I want my money back. I’m closing my portfolio. I’m going with Michael. He’s a grown-up.” One day all of these trendy-named children will grow up and become parents and then grandparents, and it’s all wrong. Grandma Tori? Zayda Jared? Nana Savannah?

Little sleep, no investment portfolio, no family around, no hot water. On an evening a few days after arriving in Cange, I wondered aloud what compensation he got for these various hardships. He told me, “If you’re making sacrifices, unless you’re automatically following some rule, it stands to reason that you’re trying to lessen some psychic discomfort. So, for example, if I took steps to be a doctor for those who don’t have medical care, it could be regarded as a sacrifice, but it could also be regarded as a way to deal with ambivalence.” He went on, and his voice changed a little. He didn’t bristle, but his tone had an edge: “I feel ambivalent about selling my services in a world where some can’t buy them. You can feel ambivalent about that, because you should feel ambivalent. Comma.” This was for me one of the first of many encounters with Farmer’s

I think bitcoin has about a 1 in 100 chance of being a survivor. So I have 1% of my portfolio in bitcoin.

the cracks and breaks were the best and most interesting parts of the work in my portfolio. Perhaps it’s the same with people and their cracks and breaks.

The cracks and breakes were the best and most interesting parts of the work in my portfolio. Perhaps it's the same with people and their cracks and breaks

Venice appeared to me as in a recurring dream, a place once visited and now fixed in memory like images on a photographer’s plates so that my return was akin to turning the leaves of a portfolio: a scene of the gondolas moored by the railway station; the Grand Canal in twilight; the Rialto bridge; the Piazza San Marco; the shimmering, rippling wonderland; the bustling water traffic; the fish market; the Lido beach and boardwalk; Teeny in the launch; the singing, gesturing gondoliers; the bourgeois tourists drinking coffee at Florian’s; the importunate beggars; the drowned girl’s ghost haunting the Bridge of Sighs; the pigeons, mosquitoes and fetor of decay.

With my portfolio and latte in hand, I finally make my way out the door. This time, I take a prolonged look over my shoulder. As the door closes, Brad's eyes meet mine, and the corners of his lips rise sweetly. Adorable. Absolutely adorable.

Investment Owner’s Contract I, _____________ ___________________, hereby state that I am an investor who is seeking to accumulate wealth for many years into the future. I know that there will be many times when I will be tempted to invest in stocks or bonds because they have gone (or “are going”) up in price, and other times when I will be tempted to sell my investments because they have gone (or “are going”) down. I hereby declare my refusal to let a herd of strangers make my financial decisions for me. I further make a solemn commitment never to invest because the stock market has gone up, and never to sell because it has gone down. Instead, I will invest $______.00 per month, every month, through an automatic investment plan or “dollar-cost averaging program,” into the following mutual fund(s) or diversified portfolio(s): _________________________________, _________________________________, _________________________________. I will also invest additional amounts whenever I can afford to spare the cash (and can afford to lose it in the short run). I hereby declare that I will hold each of these investments continually through at least the following date (which must be a minimum of 10 years after the date of this contact): _________________ _____, 20__. The only exceptions allowed under the terms of this contract are a sudden, pressing need for cash, like a health-care emergency or the loss of my job, or a planned expenditure like a housing down payment or a tuition bill. I am, by signing below, stating my intention not only to abide by the terms of this contract, but to re-read this document whenever I am tempted to sell any of my investments. This contract is valid only when signed by at least one witness, and must be kept in a safe place that is easily accessible for future reference.

The life an infertile person seeks comes to her not by accident and not by fate but by hard-fought choices. How to put together the portfolio of photographs. How to answer at the home study. What clinic or doctor or procedure. Donor egg or donor sperm or donor embryo. Open or closed adoption. What country, what boxes to check or uncheck. What questions to ask, and ask again. When to start and when to stop. What to say when her child says, Tell me my story.

I’m not going to worry about losing one friend if I have a hundred, but if I have two friends I’m really going to be worried. I’m not going to worry about losing my job because my one boss is going to fire me, because I have thousands of bosses at newspapers everywhere. One of the ways to not worry about stress is to eliminate it. I don’t worry about my stock picks because I have a diversified portfolio. Diversification works in almost every area of your life to reduce your stress.

Then Mr. McKee turned and continued on out the door. Taking my hat from the chandelier I followed. ‘Come to lunch some day,’ he suggested, as we groaned down in the elevator. ‘Where?’ ‘Anywhere.’ ‘Keep your hands off the lever,’ snapped the elevator boy. ‘I beg your pardon,’ said Mr. McKee with dignity, ‘I didn’t know I was touching it.’ ‘All right,’ I agreed, ‘I’ll be glad to.’ … I was standing beside his bed and he was sitting up between the sheets, clad in his underwear, with a great portfolio in his hands.

The economic system pressures me to expand and diversify my investment portfolio, but it gives me zero incentive to expand and diversify my compassion. So I strive to understand the mysteries of the stock exchange while making far less effort to understand the deep causes of suffering.

created a portfolio mix that I could comfortably put my trust money in for the next hundred or more years. I called it the “All Weather Portfolio” because it could perform well in all environments. Between 1996 and 2003 I was the only “client” investing in it because we didn’t sell it as a product.

I carried with me into the West End Bar, the White Horse Tavern, a long list of things I would never do: I would never have my hair set in a beauty parlor. I would never move to a suburb and bake cakes or make casseroles. I would never go to a country club dance, although I did like the paper lanterns casting rainbow colors on the terrace. I would never invest in the stock market. I would never play canasta. I would never wear pearls. I would love like a nursling but I would never go near a man who had a portfolio or a set of golf clubs or a business or even a business suit. I would only love a wild thing. I didn't care if wild things tended to break hearts. I didn't care if they substituted scotch for breakfast cereal. I understood that wild things wrote suicide notes to the gods and were apt to show up three hours later than promised. I understood that art was long and life was short.

I don't know the odds of an earthquake, but I can imagine how San Francisco might be affected by one. This idea that in order to make a decision you need to focus on the consequences (which you can know) rather than the probability (which you can't know) is the central idea of uncertainty. Much of my life is based on it. You can build an overall theory of decision making on this idea. All you have to do is mitigate the consequences. As I said, if my portfolio is exposed to a market crash, the odds of which I can't compute, all I have to do is buy insurance, or get out and invest the amounts I am not willing to ever lose in less risky securities.

Methinks, Oh! vain ill-judging Book, I see thee cast a wishful look, Where reputations won and lost are In famous row called Paternoster. Incensed to find your precious olio Buried in unexplored port-folio, You scorn the prudent lock and key, And pant well bound and gilt to see Your Volume in the window set Of Stockdale, Hookham, or Debrett. Go then, and pass that dangerous bourn Whence never Book can back return: And when you find, condemned, despised, Neglected, blamed, and criticised, Abuse from All who read you fall, (If haply you be read at all Sorely will you your folly sigh at, And wish for me, and home, and quiet. Assuming now a conjuror’s office, I Thus on your future Fortune prophesy: — Soon as your novelty is o’er, And you are young and new no more, In some dark dirty corner thrown, Mouldy with damps, with cobwebs strown, Your leaves shall be the Book-worm’s prey; Or sent to Chandler–Shop away, And doomed to suffer public scandal, Shall line the trunk, or wrap the candle! But should you meet with approbation, And some one find an inclination To ask, by natural transition Respecting me and my condition; That I am one, the enquirer teach, Nor very poor, nor very rich; Of passions strong, of hasty nature, Of graceless form and dwarfish stature; By few approved, and few approving; Extreme in hating and in loving; Abhorring all whom I dislike, Adoring who my fancy strike; In forming judgements never long, And for the most part judging wrong; In friendship firm, but still believing Others are treacherous and deceiving, And thinking in the present aera That Friendship is a pure chimaera: More passionate no creature living, Proud, obstinate, and unforgiving, But yet for those who kindness show, Ready through fire and smoke to go. Again, should it be asked your page, ‘Pray, what may be the author’s age?’ Your faults, no doubt, will make it clear, I scarce have seen my twentieth year, Which passed, kind Reader, on my word, While England’s Throne held George the Third. Now then your venturous course pursue: Go, my delight! Dear Book, adieu!

It’s been said that we pass through life with a diminishing portfolio of enthusiasms. My problem is having had so many to start out with. Now, at the age of fifty-six, I have painting, my four beautiful children, fly casting, writing, friends, wing shooting, printing, family and extended family, cooking, and Marusia, the light of my life, not at all necessarily in that order. The problem, if you want to call it that, is there is no time left for things that don’t matter. Years ago, after watching someone waste endless hours on some pointless project, Tom McGuane observed that the fellow obviously believed the average human lifetime to be ten thousand years. I’m treating it as if there were less than a minute to go.

We are researching and developing human abilities mainly according to the immediate needs of the economic and political system, rather than according to our own long-term needs as conscious beings. My boss wants me to answer emails as quickly as possible, but he has little interest in my ability to taste and appreciate the food I am eating. Consequently, I check my emails even during meals, which means I lose the ability to pay attention to my own sensations. The economic system pressures me to expand and diversify my investment portfolio, but it gives me zero incentive to expand and diversify my compassion. So I strive to understand the mysteries of the stock exchange while making far less effort to understand the deep causes of suffering.

As Dante flicked through one of the portfolios placed on the coffee table in the corner of the reception area, he whispered into Jaime’s ear, “Do you think we could get my name tattooed on your ass?” Gaping, she slapped his upper arm. “I’d laugh if I thought you were joking.” “It would be the biggest turn-on ever to take you from behind and see my name on your ass.” He was getting hard just thinking about it.

Speculation and opinions drove not only the market but the products, sadly, the values of which were hinged not to the ineffable quality of art as a sacred human ritual—a value impossible to measure, anyway—but to what a bunch of rich assholes thought would “elevate” their portfolios and inspire jealousy and, delusional as they all were, respect. I was perfectly happy to wipe out all that garbage from my mind.

You two should do the next partner project together,” she said as she flipped through our portfolios. “You both have excellent designs, and you have polar opposite strengths. You’d do well together.” Jake and I nodded respectfully, but under the table, he rubbed my leg. “I guess we’re pretty good together,” he whispered against my ear later in the hall. “Is that what she said? I thought she said you could learn a lot from me.” Reinhardt, Liz (2011-09-06). Double Clutch (A Brenna Blixen Novel) (p. 206). . Kindle Edition.

How petty are the thoughts of small men! Believe me, I do not regard the acquisition of a minister’s portfolio as a thing worth striving for. I do not hold it worthy of a great man to endeavor to go down in history just by becoming a minister. One might be in danger of being buried beside other ministers. My aim from the first was a thousand times higher than becoming a minister. I wanted to become the destroyer of Marxism. I am going to achieve this task, and if I do, the title of Minister will be an absurdity so far as I am concerned.

When I was younger and hard-hearted, with hot, hostile artistic ambitions I yearned to charge at the aloof, faceless “thems” of our world until they said Uncle, I believed the scariest words ever spoken to be “The apple never falls far from the tree.” That whole concept inspired clinging fears in the wee hours, and a halting miserable shyness in the presence of those who seemed to be the anointed. If I fell not far from the tree, was I then fated to be, not, say, a college prof of English, but inmate 2679785? A parolee who spends seventeen years on the night shift with Custodial Services at KU Med Center in K.C., instead of a Prize-Winning Novelist with a saltbox on the Cape? An unwholesome artsy freak, and not an esteemed citizen whose voting privileges have never been revoked? I went through those pitiful, hangdog years being ashamed of my roots and origins, referring to home as “our place in the country,” and to my father as a “self-made man.” I hung my head and eenie-meenie-minie-moed when confronted at dinner tables by too many forks. I tried to give the impression that slapping an uppity snotnose silly was not the sort of act contained in my portfolio. It

The art world had turned out to be like the stock market, a reflection of political trends and the persuasions of capitalism, fueled by greed and gossip and cocaine. I might as well have worked on Wall Street. Speculation and opinions drove not only the market but the products, sadly, the values of which were hinged not to the ineffable quality of art as a sacred human ritual—a value impossible to measure, anyway—but to what a bunch of rich assholes thought would “elevate” their portfolios and inspire jealousy and, delusional as they all were, respect. I was perfectly happy to wipe out all that garbage from my mind.

Our Good for You portfolio was growing elsewhere, too. I got a call one day from Ofra Strauss, the CEO of Strauss-Elite Food, our snacks partner in Israel. She asked to see me in Purchase and showed up with a huge hamper of Mediterranean dips—hummus, baba ghanoush, you name it. She laid them all out with fresh pita bread on my conference table, and we enjoyed a picnic of products from Sabra, a New York–based company that Strauss had recently purchased. It was a delicious lineup—totally vegetarian—and a great potential mate to Stacy’s Pita Chips, which we’d acquired a couple of years earlier. Less than a year later, Sabra and Frito-Lay signed a joint venture, and Sabra now leads the US hummus market. More important for me, Ofra is one of my dearest friends.

like a stormy sea at best. 81. Making Cents of It All With over 1,500 projects under my belt as a freelancer and business owner, saying that I’ve experimented with pricing structures may be the understatement of the year. In my early years, nearly everything was based on a fixed bid. As my client list grew, I began landing some hourly gigs, retainers, and some dedicated resource structures. Each of these pricing structures has pros and cons, for you as a designer as well as for your client. Understanding these pricing structures, explaining them clearly to your clients, and choosing the right one for the job can make the difference between a blissful client experience and your worst nightmare. Fixed Bid Fixed-bid pricing is a set scope of work with a fixed price. You tell

What’s going on there?” THAT’S JUST SOME REAL ESTATE DEALS I’M WORKING ON. “Real estate?” I HAVE A LIFE OUTSIDE OF THIS COMPANY, YOU KNOW. “More than I do,” I said. “Is … that legal? Owning real estate?” YOU MEAN, BECAUSE I’M A CAT? “Well, yes.” I HAVE A TRUST SET UP FOR MY BENEFIT AND A HUMAN LAWYER THAT ACTS AS THE EXECUTOR. I TELL HIM WHAT TO DO, HE DOES IT. “Does he know you’re a cat?” YOU KNOW, IT’S NEVER COME UP. “So, you’re a real estate maven.” I HAVE A DIVERSIFIED PORTFOLIO, Hera wrote. MOSTLY BORING BUT SOME EXCITING PARTS. I DO A LOT OF INVESTING IN EMERGING MARKETS. “Sounds risky.” I’M A CAT, I CAN HANDLE RISK. WORST-CASE SCENARIO IS I LOSE EVERYTHING AND I STILL GET FED AND HAVE A PLACE TO NAP. “That’s … a surprisingly chill way of thinking about things.” SOMETIMES IT’S BETTER NOT TO BE A HUMAN, CHARLIE.

On Diversification for Stress Management The below came from me asking, “What advice would you give your 30-year-old self?”: “My 30-year-old self wouldn’t have access to medical marijuana, so I’d have a limited canvas with which to paint. I’ve always made it a top priority since I was a teenager—and had tons of stress-related medical problems—to make that job one: to learn how to not have stress. I would consider myself a world champion at avoiding stress at this point in dozens of different ways. A lot of it is just how you look at the world, but most of it is really the process of diversification. I’m not going to worry about losing one friend if I have a hundred, but if I have two friends I’m really going to be worried. I’m not going to worry about losing my job because my one boss is going to fire me, because I have thousands of bosses at newspapers everywhere. One of the ways to not worry about stress is to eliminate it. I don’t worry about my stock picks because I have a diversified portfolio. Diversification works in almost every area of your life to reduce your stress.

The Smiths were unable to conceive children and decided to use a surrogate father to start their family. On the day the surrogate father was to arrive, Mr. Smith kissed his wife and said, "I'm off. The man should be here soon" Half an hour later, just by chance a door-to-door baby photographer rang the doorbell, hoping to make a sale. "Good morning, madam. I've come to...." "Oh, no need to explain. I've been expecting you," Mrs. Smith cut in. "Really?" the photographer asked. "Well, good. I've made a specialty of babies" "That's what my husband and I had hoped. Please come in and have a seat" After a moment, she asked, blushing, "Well, where do we start?" "Leave everything to me. I usually try two in the bathtub, one on the couch and perhaps a couple on the bed. Sometimes the living room floor is fun too; you can really spread out!" "Bathtub, living room floor? No wonder it didn't work for Harry and me" "Well, madam, none of us can guarantee a good one every time. But, if we try several different positions and I shoot from six or seven different angles, I'm sure you'll be pleased with the results" "My, that's a lot of....." gasped Mrs. Smith. "Madam, in my line of work, a man must take his time. I'd love to be in and out in five minutes, but you'd be disappointed with that, I'm sure"  "Don't I know it," Mrs. Smith said quietly. The photographer opened his briefcase and pulled out a portfolio of his baby pictures. "This was done on the top of a bus in downtown London" "Oh my God!" Mrs. Smith exclaimed, tugging at her handkerchief. "And these twins turned out exceptionally well, when you consider their mother was so difficult to work with" "She was difficult?" asked Mrs. Smith. "Yes, I'm afraid so. I finally had to take her to Hyde Park to get the job done right. People were crowding around four and five deep, pushing to get a good look" "Four and five deep?" asked Mrs. Smith, eyes widened in amazement. "Yes," the photographer said, "And for more than three hours too. The mother was constantly squealing and yelling. I could hardly concentrate. Then darkness approached and I began to rush my shots. Finally, when the squirrels began nibbling on my equipment, I just packed it all in." Mrs. Smith leaned forward. "You mean squirrels actually chewed on your, um......equipment?" "That's right. Well, madam, if you're ready, I'll set up my tripod so we  can get to work." "Tripod?????" "Oh yes, I have to use a tripod to rest my Canon on. It's much too big for me to hold for very long. Madam? Madam? ....... Good Lord, she's fainted!!

Where to stash your organizational risk? Lately, I’m increasingly hearing folks reference the idea of organizational debt. This is the organizational sibling of technical debt, and it represents things like biased interview processes and inequitable compensation mechanisms. These are systemic problems that are preventing your organization from reaching its potential. Like technical debt, these risks linger because they are never the most pressing problem. Until that one fateful moment when they are. Within organizational debt, there is a volatile subset most likely to come abruptly due, and I call that subset organizational risk. Some good examples might be a toxic team culture, a toilsome fire drill, or a struggling leader. These problems bubble up from your peers, skip-level one-on-ones,16 and organizational health surveys. If you care and are listening, these are hard to miss. But they are slow to fix. And, oh, do they accumulate! The larger and older your organization is, the more you’ll find perched on your capable shoulders. How you respond to this is, in my opinion, the core challenge of leading a large organization. How do you continue to remain emotionally engaged with the challenges faced by individuals you’re responsible to help, when their problem is low in your problems queue? In that moment, do you shrug off the responsibility, either by changing roles or picking powerlessness? Hide in indifference? Become so hard on yourself that you collapse inward? I’ve tried all of these! They weren’t very satisfying. What I’ve found most successful is to identify a few areas to improve, ensure you’re making progress on those, and give yourself permission to do the rest poorly. Work with your manager to write this up as an explicit plan and agree on what reasonable progress looks like. These issues are still stored with your other bags of risk and responsibility, but you’ve agreed on expectations. Now you have a set of organizational risks that you’re pretty confident will get fixed, and then you have all the others: known problems, likely to go sideways, that you don’t believe you’re able to address quickly. What do you do about those? I like to keep them close. Typically, my organizational philosophy is to stabilize team-by-team and organization-by-organization. Ensuring any given area is well on the path to health before moving my focus. I try not to push risks onto teams that are functioning well. You do need to delegate some risks, but generally I think it’s best to only delegate solvable risk. If something simply isn’t likely to go well, I think it’s best to hold the bag yourself. You may be the best suited to manage the risk, but you’re almost certainly the best positioned to take responsibility. As an organizational leader, you’ll always have a portfolio of risk, and you’ll always be doing very badly at some things that are important to you. That’s not only okay, it’s unavoidable.

do you think Jesus would do if he came back to earth tonight in Bremerton?” C asked, as he spooned some rice onto his plate. “I don’t know,” I said, savoring a mouthful of Mongolian beef. “Would he come in a white robe and sandals, or the dress of this time?” C pressed on. I shrugged my shoulders, forking in the fried rice. “Would he be white, black, Asian, or maybe look like Saddam Hussein instead of Kevin Costner or Tom Cruise? What if he didn’t fit our image of him? What if he was bald? Or, for God’s sake, what if he was gay? “He wouldn’t have any cash, no MasterCard, Visa, Discover Card, or portfolio of any kind. If he went to a bank and said, ‘Hello. I’m Jesus, the son of God. I need some of those green things that say “In God We Trust” on them to buy some food and get a place to stay,’ the bank manager would say, ‘I’m sorry, but I looked in my computer and without a social security number, local address, and credit history, I can’t do anything for you. Maybe if you show me a miracle or two, I might lend you fifty dollars.’ “Where would he stay? The state park charges sixteen dollars a night. Could he go to a church and ask, ‘May I stay here? I am Jesus’? Would they believe him?” As I took a sip of my drink, I wondered just who this character was sitting across from me. Was he some angel sent to save me? Or was he, as the Rolling Stones warned in their song, Satan himself here to claim me for some sin of this life or a past life of which I had no recollection? Or was he an alien? Or was he Jesus, the Christ himself, just “messing” with me? Was I in the presence of a prophet, or just some hopped-up druggie? “‘Ask, and it will be given you; seek, and you will find; knock, and it will be opened to you.’ That’s what Jesus said. What doors would be opened to him?” he asked. “The Salvation Army—Sally’s?” I guessed. “That’s about all,” C said. “Unless he saw Tony Robbins’ TV formula to become a millionaire and started selling miracles to the rich at twenty-thousand dollars a pop. He could go on Regis, Oprah, maybe get an interview with Bill Moyers, or go on Nightline. Or joust with the nonbelievers on Jerry Springer! Think of the book deals! He

When I spoke to you here the last time, my old party comrades, I did so fully conscious of victory as hardly a mortal has been able to do before me. In spite of this, a concern weighed heavily on me. It was clear to me that, ultimately, behind this war was that incendiary who has always lived off the quarrels of nations: the international Jew. I would no longer have been a National Socialist had I ever distanced myself from this realization. We followed his traces over many years. In this Reich, probably for the first time, we scientifically resolved this problem for all time, according to plan, and really understood the words of a great Jew who said that the racial question was the key to world history. Therefore, we knew quite well-above all, I knew-that the driving force behind these occurrences was the Jew. And that, as always in history, there were blockheads ready to stand up for him: partly spineless, paid characters, partly people who want to make deals and, at no time, flinch from having blood spilled for these deals. I have come to know these Jews as the incendiaries of the world. After all, in the previous years, you saw how they slowly poisoned the people via the press, radio, film, and theater. You saw how this poisoning continued. You saw how their finances, their money transactions, had to work in this sense. And, in the first days of the war, certain Englishmen-all of them shareholders in the armament industry-said it openly: “The war must last three years at least. It will not and must not end before three years.”-That is what they said. That was only natural, since their capital was tied up and they could not hope to secure an amortization in less than three years. Certainly, my party comrades, for us National Socialists, this almost defies comprehension. But that is how things are in the democratic world. You can be prime minister or minister of war and, at the same time, own portfolios of countless shares in the armament industry. Interests are explained that way. We once came to know this danger as the driving force in our domestic struggle. We had this black-red-golden coalition in front of us; this mixture of hypocrisy and abuse of religion on the one hand, and financial interests on the other; and, finally, their truly Jewish-Marxist goals. We completely finished off this coalition at home in a hard struggle. Now, we stand facing this enemy abroad. He inspired this international coalition against the German Volk and the German Reich. First, he used Poland as a dummy, and later pressed France, Belgium, Holland, and Norway to serve him. From the start, England was a driving force here. Understandably, the power which would one day confront us is most clearly ruled by this Jewish spirit: the Soviet Union. It happens to be the greatest servant of Jewry. Time meanwhile has proved what we National Socialists maintained for many years: it is truly a state in which the whole national intelligentsia has been slaughtered, and where only spiritless, forcibly proletarianized subhumans remain. Above them, there is the gigantic organization of the Jewish commissars, that is, established slaveowners. Frequently people wondered whether, in the long run, nationalist tendencies would not be victorious there. But they completely forgot that the bearers of a conscious nationalist view no longer existed. That, in the end, the man who temporarily became the ruler of this state, is nothing other than an instrument in the hands of this almighty Jewry. If Stalin is on stage and steps in front of the curtain, then Kaganovich and all those Jews stand behind him, Jews who, in ten-thousandfold ramifications, control this mighty empire. Speech in the Löwenbräukeller Munich, November 8, 1941

The performance of the American stock market is perhaps best measured by comparing the total returns on stocks, assuming the reinvestment of all dividends, with the total returns on other financial assets such as government bonds and commercial or Treasury bills, the last of which can be taken as a proxy for any short-term instrument like a money market fund or a demand deposit at a bank. The start date, 1964, is the year of the author’s birth. It will immediately be apparent that if my parents had been able to invest even a modest sum in the US stock market at that date, and to continue reinvesting the dividends they earned each year, they would have been able to increase their initial investment by a factor of nearly seventy by 2007. For example, $10,000 would have become $700,000. The alternatives of bonds or bills would have done less well. A US bond fund would have gone up by a factor of under 23; a portfolio of bills by a factor of just 12. Needless to say, such figures must be adjusted downwards to take account of the cost of living, which has risen by a factor of nearly seven in my lifetime. In real terms, stocks increased by a factor of 10.3; bonds by a factor of 3.4; bills by a factor of 1.8.

The Upside of Heuristics The economist Harry Markowitz won the 1990 Nobel Prize in Economics for developing modern portfolio theory: his groundbreaking “mean-variance portfolio optimization” showed how an investor could make an optimal allocation among various funds and assets to maximize returns at a given level of risk. So when it came time to invest his own retirement savings, it seems like Markowitz should have been the one person perfectly equipped for the job. What did he decide to do? I should have computed the historical covariances of the asset classes and drawn an efficient frontier. Instead, I visualized my grief if the stock market went way up and I wasn’t in it—or if it went way down and I was completely in it. My intention was to minimize my future regret. So I split my contributions fifty-fifty between bonds and equities. Why in the world would he do that?

It wasn’t entirely clear to anyone what was included in Schlapp’s portfolio, but what was clear to everyone was that being left out of tax reform—the administration’s number-one priority—was driving her up the wall. She would constantly insert herself into the process of planning tax events

I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box.’ ” -2007 letter

Some might say that attempting to gain everything is the best way to lose everything. To the contrary, I would argue that if I’ve spent my life trying to gain everything, I never had anything to lose in the first place.

I would add that I am not persuaded that international funds are a necessary component of an investor’s portfolio. Foreign funds may reduce a portfolio’s volatility, but their economic and currency risks may reduce returns by a still larger amount. The idea that a theoretically optimal portfolio must hold each geographical component at its market weight simply pushes me further than I would dream of being pushed. (I explore the pros and cons of global investing in Chapter 8.) My best judgment is that international holdings should comprise 20 percent of equities at a maximum, and that a zero weight is fully acceptable in most portfolios.

In the great majority of cases the lack of performance exceeding or even matching an unmanaged index in no way reflects lack of either intellectual capacity or integrity. I think it is much more the product of: (1) group decisions—my perhaps jaundiced view is that it is close to impossible for outstanding investment management to come from a group of any size with all parties really participating in decisions; (2) a desire to conform to the policies and (to an extent) the portfolios of other large well-regarded organizations; (3) an institutional framework whereby average is “safe” and the personal rewards for independent action are in no way commensurate with the general risk attached to such action; (4) an adherence to certain diversification practices which are irrational; and finally and importantly, (5) inertia.6 Classical

am managing my own portfolio of investments, as well as consulting with other independent investment managers.

In 1992, David Koch likened the brothers’ multipronged political strategy to that of venture capitalists with diversified portfolios. “My overall concept is to minimize the role of government and to maximize the role of the private economy and to maximize personal freedoms,

I refuse to let it slip through my fingers, not when I’m so close. To have those properties would be exponentially beneficial to our portfolio, especially with what we have planned for them.

This applies as well when opportunities come to merge an existing portfolio company with another private company. Entrepreneurs and investors can get carried away when a private firm offers shares in its company to acquire yours. There’s a momentary feeling of exultation if the pricing seems on the face of it to represent a good exchange. But the fact is that no one really knows what one private company is worth versus another private company. This is another example of a “my cat for your dog” transaction. Selling to a public company whose price is established through daily trading offers a more objective exchange of value.

Here’s what I sent: Hi there! You’re looking for a copywriter to spruce up a psychologist’s website and make it a little more client-friendly. I'm a copywriter who loves writing and revamping web pages and has experience writing for a therapist. You can view one of those pieces in my UpWork portfolio if you’re interested.

to learn how to not have stress. I would consider myself a world champion at avoiding stress at this point in dozens of different ways. A lot of it is just how you look at the world, but most of it is really the process of diversification. I’m not going to worry about losing one friend if I have a hundred, but if I have two friends I’m really going to be worried. I’m not going to worry about losing my job because my one boss is going to fire me, because I have thousands of bosses at newspapers everywhere. One of the ways to not worry about stress is to eliminate it. I don’t worry about my stock picks because I have a diversified portfolio. Diversification works in almost every area of your life to reduce your stress.

Music is for everyone. It’s not—or at least shouldn’t be—an elitist, aristocratic club that you need a membership card to appreciate: it’s a language, it’s a means of connecting us that is beyond color, beyond race, beyond the shape of your face or the size of your stock portfolio. Musicians of color, however, are severely underrepresented in the classical music world—and that’s one of the reasons I wanted to write this book. Look up the statistics: 1.8 percent of musicians performing in classical symphonies are Black; 12 percent are people of color. But for me, day to day, performance by performance, it wasn’t about being a statistic: it was about trying to live my life and play the music that I loved, and often being

Deep Simplicity: Bringing Order to Chaos and Complexity John Gribbin, Random House (2005) F.F.I.A.S.C.O.: The Inside Story of a Wall Street Trader Frank Partnoy, Penguin Books (1999) Ice Age John & Mary Gribbin, Barnes & Noble (2002) How the Scots Invented the Modern World: The True Story of How Western Europe's Poorest Nation Created Our World & Everything in It Arthur Herman, Three Rivers Press (2002) Models of My Life Herbert A. Simon The MIT Press (1996) A Matter of Degrees: What Temperature Reveals About the Past and Future of Our Species, Planet, and Universe Gino Segre, Viking Books (2002) Andrew Carnegie Joseph Frazier Wall, Oxford University Press (1970) Guns Germs, and Steel: The Fates of Human Societies Jared M. Diamond, W. W. Norton & Company The Third Chimpanzee: The Evolution and Future of the Human Animal Jared Nt[. Diamond, Perennial (1992) Influence: The Psychology of Persuasion Robert B. Cialdini, Perennial Currents (1998) The Autobiography of Benjamin Franklin Benjamin franklin, Yale Nota Bene (2003) Living Within Limits: Ecology, Economics, and Population Taboos Garrett Hardin, Oxford University Press (1995) The Selfish Gene Richard Dawkins, Oxford University Press (1990) Titan: The Life of John D. Rockefeller Sr. Ron Chernow, Vintage (2004) The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor David Sandes, W. W Norton & Company (1998) The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategist Robert G. Hagstrom, Wiley (2000) Genome: The Autobiography of a Species in 23 Chapters Matt Ridley, Harper Collins Publishers (2000) Getting to Yes: Negotiating Agreement Without Giz.ting In Roger Fisher, William, and Bruce Patton, Penguin Books Three Scientists and Their Gods: Looking for Meaning in an Age of Information Robert Wright, Harper Collins Publishers (1989) Only the Paranoid Survive Andy Grove, Currency (1996 And a few from your editor... Les Schwab: Pride in Performance Les Schwab, Pacific Northwest Books (1986) Men and Rubber: The Story of Business Harvey S. Firestone, Kessinger Publishing (2003) Men to Match My Mountains: The Opening of the Far West, 1840-1900 Irving Stone, Book Sales (2001)

What about real estate? In general, it holds its real value and yields rental income, but owning property isn’t so much an investment as it is a job. If you like fixing toilets and dealing with drug-addled, gun-toting deadbeat tenants, be my guest.

The seminal paper in the field was published in 1991 by William Sharpe, whose theories underpinned the original creation of the index fund, and was bluntly titled “The Arithmetic of Active Management.”16 This expanded on Sharpe’s earlier work, and addressed the suggestion that the index investing trend that was starting to gain ground at the time was a mere “fad.” The paper articulated what Sharpe saw as two iron rules that must hold true over time: The return on the average actively managed dollar will equal that of a dollar managed passively before costs, and after costs the return on that actively managed dollar will be less than that of a passively managed dollar. In other words, mathematically the market represents the average returns, and for every investor who outperforms the market someone must do worse. Given that index funds charge far less than traditional funds, over time the average passive investor must do better than the average active one. Other academics have later quibbled with aspects of Sharpe’s 1991 paper, with Lasse Heje Pedersen’s “Sharpening the Arithmetic of Active Management” the most prominent example. In this 2016 paper, Pedersen points out that Sharpe’s assertions rest on some crucial assumptions, such as that the “market portfolio” never actually changes. But in reality, what constitutes “the market” is in constant flux. This means that active managers can at least theoretically on average outperform it, and they perform a valuable service to the health of a markets-based economy by doing so. Nonetheless, Pedersen stresses that this should not necessarily be construed as a full-throated defense of active management. “I think that low-cost index funds is one of the most investor-friendly inventions in finance and this paper should not be used as an excuse by active managers who charge high fees while adding little or no value,” he wrote.17 “My arithmetic shows that active management can add value in aggregate, but whether it actually does, and how much, are empirical questions.

First, Modern Portfolio Theory only works if a portfolio has some fixed income as well as some equity. This system breaks down if you’re too tilted one way or the other. For example, during a stock market crash like the one we had, if I had been holding 100 percent equity, rebalancing wouldn’t work. As the stock market plummeted, there would have been no complementary asset that would rise, so my allocations wouldn’t have changed and I’d have had nothing to rebalance. That’s why I advise not going above 80 percent equity, even if you’re an aggressive investor.

A true luxury is a reward for investing in and developing a real asset. For example, when my wife Kim and I had extra money coming from our apartment houses, she went out and bought her Mercedes. It didn’t take any extra work or risk on her part because the apartment house bought the car. She did, however, have to wait four years while the real estate investment portfolio grew and began generating enough extra cash flow to pay for the car. But the luxury, the Mercedes, was a true reward because she proved she knew how to grow her asset column. That car now means a lot more to her than simply another pretty car.

The difference between senior and junior generalists will be somewhat obvious in their portfolios, but unmistakeable in their communication with you.

I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box.

son. Kareem blew us off, but you were very nice.” The son was a grown man, a successful attorney in Los Angeles. His father was the CEO of the company Magic was soliciting. “My son is 29 years old now,” the man said, “and he still has that picture on his wall.” As Magic walked out of the meeting with a new multimillion-dollar client in his portfolio, he thought to himself, “See, Kareem? It could have been you.

#11—What if I could only subtract to solve problems? From 2008 to 2009, I began to ask myself, “What if I could only subtract to solve problems?” when advising startups. Instead of answering, “What should we do?” I tried first to hone in on answering, “What should we simplify?” For instance, I always wanted to tighten the conversion fishing net (the percentage of visitors who sign up or buy) before driving a ton of traffic to one of my portfolio companies. One of the first dozen startups I worked with was named Gyminee. It was rebranded Daily Burn, and at the time, they didn’t have enough manpower to do a complete redesign of the site. Adding new elements would’ve been time-consuming, but removing them wasn’t. As a test, we eliminated roughly 70% of the “above the fold” clickable elements on their homepage, focusing on the single most valuable click. Conversions immediately improved 21.1%. That quick-and-dirty test informed later decisions for much more expensive development. The founders, Andy Smith and Stephen Blankenship, made a lot of great decisions, and the company was acquired by IAC in 2010. I’ve since applied this “What if I could only subtract . . . ?” to my life in many areas, and I sometimes rephrase it as “What should I put on my not-to-do list?

The economist Harry Markowitz won the 1990 Nobel Prize in Economics for developing modern portfolio theory: his groundbreaking “mean-variance portfolio optimization” showed how an investor could make an optimal allocation among various funds and assets to maximize returns at a given level of risk. So when it came time to invest his own retirement savings, it seems like Markowitz should have been the one person perfectly equipped for the job. What did he decide to do? I should have computed the historical covariances of the asset classes and drawn an efficient frontier. Instead, I visualized my grief if the stock market went way up and I wasn’t in it—or if it went way down and I was completely in it. My intention was to minimize my future regret. So I split my contributions fifty-fifty between bonds and equities. Why

I don’t think I’m too wrapped up in these identities until someone gets it wrong. I know it sounds pathetic, and believe me I am embarrassed to admit it, but I sometimes—more often than I wish—find myself wanting to be identified by something I’ve done or accomplished. Most of us grew up being taught that our identity as a person is based on our accomplishments. Your identity is closely tied to the points you score, the trophies you win, the grades you make, the diplomas you earn, the jobs you get, the promotions you receive, the portfolio you build. We build our resumés, display our achievements, and frame our accomplishments. In Philippians 3 Paul talks about how his identity used to be wrapped up in these things. He had some pretty impressive credentials. He was born into the right family, attended notable schools, received impressive degrees, landed in a powerful position. If he was introduced by someone who was identifying him, everyone would have been impressed. But here’s Paul’s conclusion about all of that. I once thought these things were valuable, but now I consider them worthless because of what Christ has done. Yes, everything else is worthless when compared with the infinite value of knowing Christ Jesus my Lord. For his sake I have discarded everything else, counting it all as garbage, so that I could gain Christ. (Philippians 3:7–8 NLT) I am a follower of Jesus. No mistake I have ever made and no success I have ever had says as much about me as that. And when I embrace that identity and understand that a follower is who I am, then following is what I will do. Nominative

As it is the fashion for modern tourists to travel pencil in hand, and bring home their portfolios filled with sketches, I am disposed to get up a few for the entertainment of my friends.

Of necessity, you will have to maintain her respect becasue I will not have my sister ever disrespected." Bhayar

I asked the Count how long he had been a photographer. "Close to six years, now. I started taking photos of Venice's nightlife, people in trendy clubs and bars, when a friend recommended I approach Vogue Italia and show them my portfolio. They loved what they saw and hired me on the spot. My assignments were to photograph that which was considered cutting edge, places frequented by Gays, Lesbians, Bisexuals and Trans-gendered people.

GM will provide CarPlay or Android Car for no additional cost. Although this might cause some drivers to shun MyLink, GM believes that ultimately giving buyers the choice will help it sell more cars, said Saejin Park, the company's director of innovation and portfolio planning. Mark Boyadjis, senior analyst for infotainment at IHS Automotive, said the decision doesn't necessarily mean the death of MyLink, Ford's Sync and other systems. The automakers' systems have specific information about the car that Apple or Google can't duplicate - engine diagnostics, heating and air conditioning controls or even the ability to set up service appointments with dealerships, Boyadjis said.

want you, it’s their loss,” Grandma said. “Why don’t we just wait and see what they say?” Ms. Donatello told me. “I have to go to the bathroom,” Georgia said. I didn’t want to talk anymore, so I just made like Leonardo the Silent and kept my mouth shut after that. Finally, the office door opened, and Mr. Crawley, the director of the school, came over to talk to us. I tried not to look like I wanted to disappear. Or self-destruct. Or both. “First of all, Rafe,” he said, “you should know there are three things we look for in an applicant. One of those is experience. A lot of the students at Cathedral have been studying art since before they could write.” “Sure,” I said. “I get it. No problem.” But he wasn’t done yet. “The other two things we look for are talent and persistence,” he said. “Not only is that portfolio of yours full of artistic promise, it’s also just full. When I see that, I see a boy who would probably keep drawing whether anyone was paying attention or not.

APPLYING WITH A SMALL PORTFOLIO We’ll talk more about applying for jobs soon, but while we’re talking about portfolios, I’ll mention how I got started. The first time I applied for a job, I was honest with the client. I said something like “I’m new to oDesk so don’t have much of a portfolio. I’m willing to work for less than my regular rate in exchange for good feedback (assuming you’re happy with my work of course) so I can build credibility and experience on oDesk”.

Earlier, when I made my coffee (after releasing my grateful geese), I sat at the big Northridge desk and got out the Edward Curtis portfolio for breakfast reading. When I untied the first folio there was a note—“Dalva & Ruth. Wash your hands. I love you. Grandpa.” A simple old note, brittle with age, but I was momentarily overcome with loneliness for her; at the same time, though, I knew in a deeper sense that I was totally out of the running. In the long and short of it, love is a more difficult subject than sex. Or history. I

Our lives,” I whisper. “I like the sound of that. I never thought that my life could be like this. So safe and warm. All my life I’ve been looking for that feeling. I bought house after house but I never found it.” He lifts his hand tangling his long fingers in my hair, his expression so tender and open and warm. “Sweetheart that’s love that you’re describing, not a property portfolio.” I smile and touch his face. “Then I got it wrong all this time because my home is you. I should have just looked for you.

End of May 2012 The continuation of my email to Andy: …I was delighted to return to London after war-ravaged Belfast. The students in our college had to evacuate several times due to IRA bomb threats. I must have subconsciously selected to be in Northern Ireland because of my unsettling inner upheavals. Much like the riots that went on in the city in 1971, I was unconsciously fighting my inner demons within myself. I needed that year to overcome my sexual additions and to immerse myself in my fashion studies. By the following year, I had compiled an impressive fashion design portfolio for application with various London Art and Design colleges. Foundation students generally required two years to complete their studies. I graduated from the Belfast College of Art with flying colors within a year. By the autumn of 1972, I was accepted into the prestigious Harrow School of Art and Technology. Around that period, my father’s business was waning and my family had financial difficulty sponsoring my graduate studies. Unbeknownst to my family, I had earned sufficient money during my Harem services to comfortably put myself through college. I lied to my parents and told them I was working part-time in London to make ends meet so I could finance my fashion education. They believed my tall tale. For the next three years I put my heart and soul into my fashion projects. I would occasionally work as a waiter at the famous Rainbow Room in Biba, which is now defunct. Working at this dinner dance club was a convenient way of meeting beautiful and trendy patrons, who often visit this capricious establishment.

The religions in my portfolio weren’t useless after all, he thought, the power flowing from him and remaking the world. None of them were. Not one had the whole truth. But they all had truth.

Hello! I'm Khadija, a seasoned author at emperiortech.com, where I leverage my expertise and experience to craft captivating content. With a passion for storytelling, I weave words into insightful and engaging narratives that resonate with readers. My diverse portfolio showcases my mastery of various genres, demonstrating my versatility and dedication to delivering high-quality content. Join me on a literary adventure where knowledge and creativity converge, and let's explore new ideas and perspectives together!

I'm Khadija, a seasoned author at emperiortech.com, where I leverage my expertise and experience to craft captivating content. With a passion for storytelling, I weave words into insightful and engaging narratives that resonate with readers. My diverse portfolio showcases my mastery of various genres, demonstrating my versatility and dedication to delivering high-quality content. Join me on a literary adventure where knowledge and creativity converge, and let's explore new ideas and perspectives together!

The woman in the pictures may change, but what remains constant is that she is always someone Andrew had fucked or was fucking or wanted to fuck, and that's something that, for me, keeps them from being art photos, the work of an artist. That's something that, no matter how beautiful they are, turns them into booby pictures that Andrew took and pulled out of a leather satchel as we sat at my kitchen table - pictures that, for reasons I haven't yet figured out, Andrew showed to me but not to my husband, who wanted into the kitchen to fix a ham sandwich while Andrew and I flipped through his leather-covered portfolio -- and I tried to think of things to say that weren't "How on earth did you ever talk this girl into doing this?

The more an outcome appears to be the result of your own choice and the more readily you can imagine having done something different, the more painful your regret is likely to be. So, whenever possible, do as little as possible. Instead of making judgments one at a time, you should follow policies and procedures that put your investing decisions on autopilot. Think of it as cruise control for your portfolio. In 1995, I got a speeding ticket driving my in-laws’ car—and was so mortified that I swore I would never get another. Ever since, whenever I get on a highway, I check the speed limit and set my cruise control—eliminating all worries that I will get careless or emotional and end up speeding. “The more you can automate your investing,” says psychologist Thomas Gilovich of Cornell University, “the easier it should be to control your emotions.

For me, no small cap can be too small - indeed, approximately 25% of my current portfolio is made up of companies with a market capitalisation of less than £50 million and others were below that figure when I first bought into them. Frequently these are what I term 'family' or 'proprietorial' companies, with control passing through the generations where the emphasis is on 'stewardship', one of my favourite investment words. By this I mean that we usually have family Board members, conscious of the efforts of earlier generations who created and developed the business, and conscious also of their responsibility to add worth and value during their tenure in a conservative way. So ideally, organic growth with perhaps an acquisition from time to time, but no excessive risk taking or 'betting the shop' on a large, over-reaching deal.

I do not bother with oversea holdings, nor am I concerned about asset or sector allocation - I am focused on particular stocks. Let me explain my reasons. If you're a manager of large institutional funds you'll usually aim for X% in the USA, Y% in South East Asia, Z% in Europe, etc., and similarly a certain percentage in banks and financial stocks, another in media, and yet another in healthcare, etc., and this is the right approach. But I believe that the private investor should forget about all this for their more modestly sized portfolios. I like UK-headquartered and quoted businesses which operate internationally anyway as they seek world markets for their products or services.

One of my cardinal principles has been to focus on avoiding losses rather than chasing profits. In golf it is the shot in the river or wood that destroys the round; similarly with investing - it is the portfolio losses that drag down an overall performance.

Portfolio presentation in school was always the worst. I’ve done the work, and you have eyes in your head. Why do I have to stand in front of a room and squirm and talk about each piece?” Lowell was laughing, his head tipped back slightly. “Exactly! The worst was when they would ask about the motivation for each piece. My motivation was to pass the class, sir. My motivation for this one was also to pass the class. And finally, my motivation for this last piece was, you may have already guessed, to pass this class. Just mark that you hate it and let me go home to die in peace.

I like lots of people our age when they're one by one," he said, "but I loathe and despise my generation, Sully. We had an opportunity to change everything. We actually did. Instead we settled for designer jeans, two tickets to Mariah Carey at Radio City Music Hall, frequent-flier miles, James Cameron's 'Titanic', and retirement portfolios. The only generation even close to us in pure, selfish self-indulgence is the so-called Lost Generation of the twenties, and at least most of them had the decency to stay drunk. We couldn't even do that. Man, we suck.

thought that watch was fucking hideous, man. Tasteless, tacky, boujee bling. It just went well with my portfolio of ugly objects. Course I said it looked cool, why would I tell him the truth?

The religions in my portfolio weren’t useless after all, he thought, the power flowing from him and remaking the world. None of them were. They weren’t all true. But they all had truth.

Look for strong price signals: channel breakout, head-and-shoulders, good range trades. (I used to include Golden Cross, but it let me down once too often. Maybe I should give it another try, as that was a few years ago.) Always confirm the price signal with another indicator (RSI or volume). If in doubt check a third indicator. If that is not conclusive, don't trade. Ensure the potential profit is at least 2x the stop-loss level, 3x or more if possible.  Trade in lots of [5% my portfolio size]. Place the stop-loss at the same time as the order. Do not ever, ever break these rules. The market can stay irrational longer than you can stay solvent. If you can't find a trade, don't try to make one.

Voiceover Actress looking to work with independent authors at a low rate in order to build up my portfolio. E-mail me at: vo_darlene_@outlook.com to get in touch. Have a wonderful say.

Two of my favorite portfolio analysis tools are Portfolio Visualizer and DIY.Fund. Portfolio Visualizer is a website which offers several of the best analysis tools for index fund investors, without a fee. On the other hand, DIY.Fund is an analysis tool for individual stock investors.

I let the long-term investment strategy define and guide the mandate for my next property purchase.

Can my due date be the 15th?” “No.” Trust us on this one. It might be fine on your first unit or two, but as you gain experience and build your portfolio, you will quickly regret your decision to allow your tenants to have different due dates. Having the rent due on the first is standard in the rental industry. Again, this question may indicate they are not good at handling their money. It’s not necessarily a deal-killer, but it’s definitely a sign that they live paycheck to paycheck (as many tenants do).

The hot tub girl was the one before the one with the legs, and after the one with the boobs," Dan snorted, weaving slightly on his feet. "And I think he had a couple of models in between from the modeling agency start-up that he was considering adding to his portfolio." "I told you we should have invested in that one," Marco said, making no effort to keep his voice down. "He was swimming in tits and ass." He looked over at Daisy. "Pardon my French." Daisy gave him a cold smile. "Quel salaud!" Liam didn't speak French, but from the look on Daisy's face he suspected what she'd said wasn't polite. "So who is she really?" Dan gave him a nudge, keeping his voice low. "I mean, come on, man. You and her?" "I'm his parole officer." Daisy grabbed Liam's arm and tugged him in the opposite direction. "He's on an escorted day pass. Move aside because I have to have him back in his cell by eleven P.M." Dan's eyes widened. "No shit? What did he do?" "He swam in the wrong hot tub." Daisy fixed Dan with a glare. "Next time, check their ID.

Everyone’s different and we all have our own portfolio of limiting beliefs. But in all my coaching, I’ve encountered two that many of us share. The first is that we have no power to change our circumstances, and the second is that we lack the resources to do so.

Your Beliefs When it comes to job seeking, I like what Saint Augustine said: Pray as though everything depended on God. Work as though everything depended on you. Because I follow this strategy, I believe I will be hired. I also believe I'll be hired, since my last employer gave me more chances to learn how to get hired than most people have in their lifetime. Because of those experiences: I realize I must stand out from all of the other candidates. I stand out by clearly communicating my track record of solving complex problems. The best way to communicate how you can solve problems is to include your stories of overcoming obstacles and resolving work issues in: • Your Cover Letter • Your Resume • Your Achievement Stories • Your LinkedIn Recommendations • Your Portfolio.

_____________ ___________________, hereby state that I am an investor who is seeking to accumulate wealth for many years into the future. I know that there will be many times when I will be tempted to invest in stocks or bonds because they have gone (or “are going”) up in price, and other times when I will be tempted to sell my investments because they have gone (or “are going”) down. I hereby declare my refusal to let a herd of strangers make my financial decisions for me. I further make a solemn commitment never to invest because the stock market has gone up, and never to sell because it has gone down. Instead, I will invest $______.00 per month, every month, through an automatic investment plan or “dollar-cost averaging program,” into the following mutual fund(s) or diversified portfolio(s): _________________________________, _________________________________, _________________________________. I will also invest additional amounts whenever I can afford to spare the cash (and can afford to lose it in the short run). I hereby declare that I will hold each of these investments continually through at least the following date (which must be a minimum of 10 years after the date of this contact): _________________ _____, 20__. The only exceptions allowed under the terms of this contract are a sudden, pressing need for cash, like a health-care emergency or the loss of my job, or a planned expenditure like a housing down payment or a tuition bill. I am, by signing below, stating my intention not only to abide by the terms of this contract, but to re-read this document whenever I am tempted to sell any of my investments. This contract is valid only when signed by at least one witness, and must be kept in a safe place that is easily accessible for future reference.

take my yearly living expenses, multiply by twenty-five, and get my target portfolio size. (Dividing your living expenses by 4 percent is the same as multiplying them by twenty-five. That’s why the 4 Percent Rule is also called the Rule of 25.)

The stocks that had gone up the most did worse as a group than the market in the next few weeks, and the stocks that were the most down did better. Historically, the annualized return was 20 percent from buying the one-tenth of stocks that had fallen most and selling short the tenth that had risen most. We called the system MUD, as it was constructed from the “most-up, most-down” stocks. As UCI mathematician William F. Donoghue would joke, “Thorp, my advice is to buy low and sell high.” The portfolio of long stocks tracked the market and the short portfolio did the opposite, so the two sides together mostly canceled the movement of the market. This gave us what we liked, a market-neutral portfolio. But that portfolio still had larger fluctuations in value than our usual investments, so we put statistical arbitrage aside for the time being.