Saturday, July 17, 2010

He who Hesitates...

"It's not the critic who counts, not the one who points out how the strong man stumbled or how the doer of deeds might have done them better. The credit belongs to the man who is actually in the arena; whose face is marred with the sweat and dust and blood; who strives valiantly; who errs and comes up short again and again; who knows the great enthusiasms, the great devotions and spends himself in a worthy cause and who, at best knows the triumph of high achievement and who at worst, if he fails, at least fails while daring greatly so that his place shall never be with those cold and timid souls who know neither victory nor defeat." 
(Theodore Roosevelt, 1858-1919, 26th US President and 1906 Nobel Peace Prize-winner.)

Sunday, July 11, 2010

Find Your Identity

Thoreau said,

"What a man thinks of himself, that it is which determines, or rather indicates, his fate."

"Man is the artificer of his own happiness."

You need to have a clear idea of the person you wish to be then begin acting like you are already that person, show compassion and do random acts of kindness if that is your goal. Start now, where you are with the tools at hand.

If you want to be a Value Investor in exchange-traded securities, then do not entertain Speculations in unproven junior resource companies, if you want to be consistent to your values.


PAY:

Prioritize your
Activities by
Yield 

Inspired Work

“If a man comes to the door of poetry untouched by the madness of the Muses, believing that technique alone will make him a good poet, he and his sane compositions never reach perfection, but are utterly eclipsed by the performances of the inspired madman.” – Socrates


They who dream by day are cognizant of many things which escape those who dream only by night.
~ Edgar Allan Poe



Kleiner's Laws

Kleiner’s Laws

Make sure the dog wants to eat the dog food. No matter how ground-breaking a new technology, how large a potential market, make certain customers actually want it.

Build one business at a time. Most business plans are overly ambitious. Concentrate on being successful in one endeavor first.

Risk up front, out early.

The time to take the tarts is when they're being passed.

The problem with most companies is they don't know what business they're in.

Even turkeys can fly in a high wind. In times of strong economies, even bad companies can look good.

It's easier to get a piece of an existing market than to create a new one.

It's difficult to see the picture when you're inside the frame.

After learning some of the tricks of the trade, some people think they know the trade. This reflected some of Eugene's own humility; he recognized that many venture capitalists thought they were experts when they had just a bit of knowledge.

Venture capitalists will stop at nothing to copy success.

Invest in people, not just products. Eugene always respected founding entrepreneurs. He wanted to build companies with them not just with their ideas.

Wednesday, July 7, 2010