Posts filed under “Philosophy”

Billionaires’ Top 10 List for Success

Barbara Walters on 20/20 (via The Wealth Report) interviews four billionaires, and culls out some wisdom for managing success.

You may recall that this is an area I have some interest in. Back in June, I wrote up something along similar lines: 7 life lessons from the very wealthy.

Back to The Wealth Report: Here is the top 10 list culled from billionaires:

1. Figure out what you’re so passionate about that you’d be happy doing it for 10 years, even if you never made any money from it. That’s what you should be doing.
2. Always be true to yourself.
3. Figure out what your values are and live by them, in business and in life.
4. Rather than focus on work-life separation, focus on work-life integration.
5. Don’t network. Focus on building real relationships and friendships where the relationship itself is its own reward, instead of trying to get something out of the relationship to benefit your business or yourself.
6. Remember to maximize for happiness, not money or status.
7. Get ready for rejection.
8. Success unshared is failure. Give back — share your wealth.
9. (A secret so powerful, we simply cannot tell you)
10. Successful people do all the things unsuccessful people don’t want to do.

Not a bad list . . .

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Source:
Billionaires Share Their Secrets to Success
Robert Frank
The Wealth Report, October 28, 2011  
http://blogs.wsj.com/wealth/2011/10/28/billionaires-share-their-secrets-to-success/

Category: Investing, Philosophy, Psychology

What Science Lovers Link to Most

Click for interactive chart: Source: Physics or Fashion? What Science Lovers Link to Most Scientific American, November 2011

Category: Philosophy, Science

Presidential Blame & Credit

Jim McTeague of Barron’s asked a question that led to an even more interesting question. It started as the usual Presidential Election and the stock markets related inquiry — Is President Obama a positive or negative for stock and bond markets? — as I thought about the question, it devolved into something entirely else. I…Read More

Category: Economy, Markets, Philosophy, Politics

The Housing Crash Was Caused by MTV Cribs

Fascinating back and forth in last night’s discussion of what Causation actually is. I want to respond broadly to some of the advocates who still seem to be missing the concept of Proximate Cause. We can substitute all sorts of things in the general statement “The housing boom and bust was caused by ____” —…Read More

Category: Philosophy, Really, really bad calls

The US is Now a Corporate Monarchy

I did an interview with a print reporter yesterday about what has been going on with lack of prosecutions, the banks, and Wall Street in general. We discussed the corrupt exchanges and HFT. I dropped lots of F-Bombs, called out cowards and crooks and held nothing back. (“That fucker belongs in prison; this son of…Read More

Category: Philosophy, Politics, Really, really bad calls

Open Thread: What is Causation?

Last week, I discussed “The Big Lie goes viral” in terms of the causes of the financial crisis. But that commentary begged the issue: What exactly is “Causation“? This is a precise term of art that has a very specific meaning. Many of the world’s greatest thinkers, from Aristotle to Kant to Hume, have examined…Read More

Category: Bailouts, Legal, Philosophy, Really, really bad calls

The World At Seven Billion

The world’s population is expected to hit seven billion in the next few weeks. After growing very slowly for most of human history, the number of people on Earth has more than doubled in the last 50 years. Click below to find out where you fit into this story of human life? Source: The World…Read More

Category: Philosophy, Science

The Little Book of Hindu Deities

The Little Book of Hindu Deities: From the Goddess of Wealth to the Sacred Cow is adorable! Source: The Little Book of Hindu Deities: Pixar Animator Rethinks Myth Brain Pickings, October 27, 2011

Category: Books, Philosophy

QOTD: The Illusion of Skill

Our quote of the day comes from an article in this Sunday’s NYT magazine, Don’t Blink! The Hazards of Confidence by Daniel Kahneman: “The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [financial] industry. Facts that challenge such basic assumptions — and thereby threaten people’s…Read More

Category: Finance, Philosophy, Psychology

QOTD: Two Novels That Can Change Your Life

A fantastic quote bubbled up in comments the other day: “There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to…Read More

Category: Philosophy, Really, really bad calls