Porter Stansberry’s The End of America


wealthymattersI saw so much of venom spewed on the net about this video that I just had to see it for myself and judge.Personally I feel its pretty good.It does urge the watcher to subscribe to a paid newsletter but I don’t think that detracts from the quality of the work.I personally learnt a couple of new things such as the conditions in Yugoslavia when it disintegrated and the devaluation of the Pound in the 70s.The video just gives one man’s view of how the economic situation of the world will pan out.I see no reason to get so worked up against the man.Personally I think his scenario has a fair chance of coming true.His video is really a lot better content wise than a lot of other stuff on the net.Do watch the video ,I promise its not such a waste of time. Read more of this post

Porter Stansberry


wealthymattersHere’s what wikipedia says about Porter Stansberry:

Frank Porter Stansberry, is an American conservative subscription-based investment advisor and the creator of the 2011 online video and infomercial entitled “End of America”.In 1999 he founded Stansberry & Associates Investment Research, a private publishing company based in Baltimore, Maryland. He is currently the editor of Agora Inc.’s internet financial newsletter ‘Porter Stansberry’s Investment Advisory’, and the weekly trading service, ‘Porter Stansberry’s Put Strategy Report’. Read more of this post

James Montier’s The Seven Immutable Laws of Investing


 

wealthymatters.comJames Montier expounds The Seven Immutable Laws of Investing to help investors  avoid some of the worst mistakes, which, when made, tend to lead them down the path of the permanent impairment of capital.They are as follows:

1. Always Insist on a Margin of Safety

Valuation is the closest thing to the law of gravity in finance .It is the primary determinant of long-term returns. The objective of investment (in general) is not to buy at fair value, but to purchase with a margin of safety.This reflects that any estimate of fair value is just that: an estimate, not a precise figure, so the margin of safety provides a much-needed cushion against errors and misfortunes. When investors violate this law by investing with no margin of safety, they risk the prospect of the permanent impairment of capital. Read more of this post

Food for Thought


Here is a poem I came across in Napoleon Hill’s ‘Think and Grow Rich’.I think it is very good.I wish that I had somehow come across this poem years ago;sometime in middle school when we had to  memorize so many poems.It would have saved me so many years and so much vain effort chasing perfection.I would have then concentrated on winning instead of trying to be most worthy of winning.BTW a bit of googling brought up the poet’s name Walter D. Wintle. Read more of this post

Bob Parsons’ Rules


wealthymatters.com

Bob (Robert) Parsons is an American entrepreneur. He is the CEO and founder of The Go Daddy Group, Inc., a family of companies comprising three ICANN-accredited domain name registrars, including flagship registrar GoDaddy.com, reseller registrar Wild West Domains and Blue Razor Domains. Other affiliated companies include Domains by Proxy Inc., a domain privacy company, and Starfield Technologies, the business’s technology development arm.

I came across his 16 Rules for Success in Business and Life in General on his vlog http://www.bobparsons.me

1. Get and stay out of your comfort zone.I believe that not much happens of any significance when we’re in our comfort zone.  I hear people say, “But I’m concerned about security.”  My response to that is simple: “Security is for cadavers.” Read more of this post