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Insight:

11 Aug

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If you’re not constantly improving your trade, constantly striving to make your company’s stock price move higher — constantly making revisions so as to maximize shareholder value, then, you are not running a business at all.

And to the person it is no different;  constant revision is required in becoming a fulfilled man. We must let go of the things holding us back: old relationships, friendships, old mentalities — and push on! There is always something new to be learned, someone new for us to meet. Don’t be content — embrace change! — and think of yourself as an employee in the ever-changing business of life.

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Why college is the best time to experiment

26 Jul

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College can be a fantastic opportunity.  I wish that everyone realized this.  For this post, I’m primarily talking to people who don’t have to worry about paying their tuition (either their parents are paying for it, or they have scholarships).  On the other hand, if you are paying for your own school, I give you nothing but mad respect.

Anyways, if you do happen to fall into the first category, I do hope you are taking advantage of this incredible situation.  You’re living for free.  You have very few obligations outside of school work.  School work doesn’t take up all of your time (if it does, I’m sorry to hear that, but you must be killing yourself).  You don’t have to deal with maintaining a home, working a full-time job, being responsible for other human beings, etc… Basically, it’s great.

There will never be a time quite like this for the rest of your life.  If you don’t take advantage of this precious, FREE time, it wouldn’t be a stretch to say you’re losing out on a huge opportunity.  You’ve got nothing to lose, you’re in safe ground.  If you go out and try 100 new things, and fail at every single one of them, so what?  You’re still in school, living your life, getting a great education.  No harm done.

Therefore, I challenge all of you to do something with this time.  Try to become a master juggler, learn to speak a Khoisan language, start a business selling hand-sewed mittens, or write a novel about an insect on an epic adventure.  Just do something, anything!  This is your chance to learn about who you are as a person, what you enjoy, and form new friendships with interesting people.

I’m not interested in your excuses, and frankly no one will feel sorry for you when you look back on your years in university, wishing you tried new things.  So if you haven’t done this so far, now’s your chance, you still have a lot of time left.  And if you’ve already been doing this, great!  In fact, we’d love to hear about it.

So next time you’re at school and you’ve got some free time, think twice before you jump on Hulu and watch a few episodes of your favorite show, think twice before you study 10 hours when you only needed to study 4, think twice before… it’s too late.

Intro to Mike – Crazy Day

6 May

Hello

My name is Michael.  I like apples.  I also like swedish fish.  Anyways, this blog is a joint project between my roommate and me.  We like to have lots of discussions in our room, and I think it would be cool to take our discussion online – so here we are.

More about me.  I’m majoring in Electrical Engineering and Computer Science at the University of Texas at Austin.  In one week, I will complete my freshman year.  I am very interested in the intersection of technology and business, so I’ll be talking a lot about that.  I love food too – so you may see some of that.

Anyways, there was some craziness in the markets today.  We saw Accenture drop from $40.00 to $0.01 for a few moments.  P&G dropped from $60.00 to $30.00 momentarily.  The DOW was down more than a $1000.00 at one point.  The source of this volatility is still unknown, but rumors trace the source back to a trader at Citigroup who apparently put in an order for a billion instead of a million.

At the end of the day, the DOW was down about $350.00.  I think this is a really good time to buy.  I think we’ve been on a strong upward trend recently and today (and this last week) was just a small arbitrary setback.

I bought a Financial ETF from Direxion today that goes by the symbol FAS .  It’s a 3x Financial Bull, offered by a company called Direxion.  Basically, for every $1 I invest in the ETF, Direxion borrows an additional $2.00, then takes those $3.00 and invests it in an array of financial related stocks/indexes.  So I lower my risk since the money is invested in a bunch of companies, but then the risk increased because it is 3x.  The net effect is really negligible.  A downside to the ETF is that if it goes down a lot, the creditors who loaned Direxion the additional $2.00 may ask for their money back, in which case the fund could lose all it’s money and I would lose all of my investment.  I’m interested to see how it plays out.

That’s all for today. I look forward to writing more posts in the future.