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The 10 Cannots

April 16, 2013 4 Comments

Often mis-attributed to Abraham Lincoln,the following ten cannots were put forth by Rev. Boetcker. They had a profound effect on Margaret Thatcher.She is supposed to have carried a news-paper clipping of these 10 cannots in her now famous handbag.

You cannot bring about prosperity by discouraging thrift.
You cannot strengthen the weak by weakening the strong.
You cannot help little men by tearing down big men.
You cannot lift the wage earner by pulling down the wage payer.
You cannot help the poor by destroying the rich.
You cannot establish sound security on borrowed money.
You cannot further the brotherhood of man by inciting class hatred.
You cannot keep out of trouble by spending more than you earn.
You cannot build character and courage by destroying men’s initiative and independence.
And you cannot help men permanently by doing for them what they can and should do for themselves. Read more of this post

Filed under Theory, Tool Kit Tagged with Abraham Lincoln Quotes, beating recessions, consumption, credit, direct taxes, entrepreneurs, Margaret Thatcher, postaday, profligacy, prosperity, pump-priming, Rev. Boetcker, risk-takers, Thatcherism, The 10 Cannots, thrift, wealth, wealth envy, welfare spends

Where’s The Best Place To Hunt For Billionaires?

April 15, 2013 Leave a comment

Here are your clues:

Filed under Tool Kit Tagged with best places to find billionaires, billionaire republics, cities with the greatest density of billionaires, countries with the greatest density of billionaires, postaday

Goldman Sachs Vs AP Gold Lovers

April 15, 2013 Leave a comment

wealthymatters These are interesting times for gold investors.On the one hand we have storied names such as Goldman Sachs de-emphasising gold and on the other hand we find reports of avid buying in Andhra Pradesh. Only time will tell if the MBAs or Mango People got things right.

If you are looking for the above mentioned Goldman Sachs report,here it is:Link.Scroll down to page number 74.

Here’s the TOI article about the rush by the AP middle class to buy gold following a drop in prices.

Filed under Precious Metals Tagged with gold bulls and bears, gold buyers in India, gold price prediction, Goldman Sachs, postaday

The Best Cities For Highly Skilled Professionals

April 14, 2013 2 Comments

wealthymatters.com

Filed under Tool Kit Tagged with best cities to migrate for work, cities with the best wages, Copenhagen, Geneva, Luxembourg, Oslo, postaday, Zurich

Puthandu Vazthukal

April 14, 2013 Leave a comment

wealthymatters

The Tamil New Year follows the Nirayanam vernal equinox and generally falls on 14 April of the Gregorian year.The day is Chithirai 1 as per the Tamil calender.

Every year,starting on this day, in the temple city of Madurai, the Chitterai Thiruvizha is celebrated in the Meenakshiamman Temple. A huge exhibition is held here, called Chitterai Porutkaatchi.

This day is celebrated with neem flowers and raw mangoes to symbolize growth and prosperity and people greet each other by saying ‘Puthandu Vazthukal’.

Sri Lankan Tamils observe the day with the first financial transaction known as the ‘Kai-vishesham’ where elders gift money to the unmarried young, particularly children as a token of good luck. The day is also observed with the ‘arpudu’ or the first ploughing of the ground to prepare for the new agricultural cycle. The ‘punya-kaalam’ or auspicious time when the sun reportedly shifts from Meena raasi to Mesha raasi is considered ideal to commence new activities on a favorable note.