Archive for the ‘Uncategorized’ category

Montier: Seven Immutable Laws of Investing

March 26th, 2011

Don’t-walk-run to read GMO’s James Montier Seven Immutable Laws of Investing:

1. Always insist on a margin of safety
2. This time is never different
3. Be patient and wait for the fat pitch
4. Be contrarian
5. Risk is the permanent loss of capital, never a number
6. Be leery of leverage
7. Never invest in something you don’t understand

The full post is found at GMO’s site.

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Always painful to hear at the start of your investment journey – because they sound pretty obvious, or worse yet (I’ve been guilty!) one or more “don’t apply to me!” Take heed, these are fundamental rules!

@TEDxMelbourne, 27/11/10 10:02 AM

November 28th, 2010
TEDxMelbourne (@TEDxMelbourne)
27/11/10 10:02 AM
How to give your money away more effectively [@HarvardBiz]: http://bit.ly/hq8VPl

Interesting moneyboxes

November 22nd, 2010
On the weekend we were showing my brother in-law around St Kilda (he was visiting from Sydney.) Naturally the excellent craft market caught our attention, spread out overlooking the beach the location is amazing. One stall caught my eye – it was selling moneyboxes that were carved from wood, with a clear plastic window to see inside.

Now I'd love to show you a photo but the stall-holder refused permission to take a pic, which is her right after all. These were really something – a nice warm deep wooden colour with a generous opening in the top to slide the money in. There was one shaped like a Melbourne tram, quite a few animals – many Australian natives of course.

What are some unusual moneyboxes you've seen?

You can’t out-frugal your way to being rich!

August 5th, 2010

One of the reasons my kids get their pocket money only every now and then is that there isn’t always enough money to go around. I have always maintained a very tight grip on my wallet, which is great – as far as it goes. Once more I refer to the great Ramit, here he is guest posting on the Man vs Debt blog :

to make 2010 the Year of Earning More. The past 7 months have been dedicated to helping people earn more money by earning more on the side, and the response so far has been massive. Hundreds of thousands of people read, commented, and Tweeted and otherwise chimed in on earning more. Everyone wants to make more money.

Great enthusiasm — but there’s just one thing wrong with this…

Most people who say they WANT to earn more… never will.

I have been as guilty of this as the next person. Take a look at this blog – it has been almost six months since my last post! This is a project to earn and learn (as my daughter would say – that’s a programme she is doing at school this term!) However I have managed to spend six months waffling about a new webhost, which plugins should I run and even questioning the very name of this project! All well and good points to consider for an hour or two, but this is silly.

My challenge to you, to all of us, is to get started on earning those extra dollars that mean our children can have regular pocket money! What are you going to try first?