Apr

6

Gratification Groupie Or Genius - Which Are You?

April 6, 2008 | 5 Comments

There is one simple thing that differentiates you from those who have the money you always wanted to have. It is not the connections you have, your skill, talent or even the things you own. It is the MINDSET.

What am I talking about when I say mindset? The way you handle your money immediately tells me if you are a Genius or a Gratification Groupie. Here is how I define those terms.

This is a preview of Gratification Groupie Or Genius - Which Are You?. Read the full post (607 words, estimated 2:26 mins reading time)

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Feb

3

A Bridge Too Far

February 3, 2008 | Leave a Comment

There was a war movie called “A Bridge Too Far” about a desperate
operation during World War II to prevent the Germans from blowing up a bridge
the Allies wanted to save so they could move men and equipment across in
large numbers. It was full of foul ups and many men were killed and wounded,
but it was finally accomplished.

The Minnesota bridge reminds me of all the foul ups. You GIs remember
FUBAR. No one mentioned that the state of Minnesota is running a two million
dollar surplus. Why aren’t they fixing their own infrastructure?

This is a preview of A Bridge Too Far. Read the full post (536 words, estimated 2:09 mins reading time)

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Dec

20

Wall Street Titanic

December 20, 2007 | Leave a Comment

The Titanic sank because the Captain did not see the iceberg and he was told the
ship was unsinkable. He and many others believed the builders and went down with the ship.

The Titanic disaster reminds me of the current situation in the subprime mortgage
debacle now going on.

When the first of the bad loans surfaced the “experts” and talking heads on TV were
all of the opinion that this was a small amount of money when considered in the overall
size of the market and would have no effect on the rest of the market. They did not remember
the “iceberg effect”. Only 10% of an iceberg appears above the water. What may appear
small is enough to tear a hole in a very large ship and sink it.

This is a preview of Wall Street Titanic. Read the full post (565 words, estimated 2:16 mins reading time)

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