The optimists and the pessimists: I have been studying them for the past twenty-five years. The defining characteristic of pessimists is that they tend to believe bad events will last a long time, will undermine everything they do, and are their own fault. The optimists, who are confronted with the same hard knocks of this world, think about misfortune in the opposite way. They tend to believe defeat is just a temporary setback, that its causes are confined to this one case. The optimists believe defeat is not their fault: Circumstances, bad luck, or other people brought about. Such people are unfazed by defeat. Confronted by a bad situation, they perceive it as a challenge and try harder.
Harvard psychologist Laura Kubzansky has chosen to study optimism. In a large study she tracked 1,300 men for 10 years and found that heart-disease rates among men who called themselves optimistic were half the rates for men who didn't. The differences between the two groups was as dramatic as that seen between smokers and non smokers.
Some ideas:
My take, obviously optimists are happier than pessimists. The question is can optimism be thought ? apparently Martin Seligman believes that is the case. I will report.
One thing makes a big difference is to think nothing is permanent and this i know it's true. everything changes.
The Gokiso wheels the Kondos have made out of titanium and carbon fiber provide what they say is an incomparably smooth ride. Spin ’em on a test rack at 18 mph, and the bike wheels take six minutes to come to rest, compared with about 90 seconds for a high-end, resistance-impaired competitor. But it’s a level of quality few can afford: Each pair costs $7,900. In four years, Kondo has sold 30 and about 1,000 of simpler models that go for less than $3,300 a pair.
Japanese make the most clean, simple, efficient and beautiful products in the world. But unfortunately for them they are not good at Marketing.
I could find many buyers for these wheels. Yes i could sell thousands of them. When you have something that is the best, the most expensive, the tallest, the fastest, etc... you have a unique position.
I might enter the bike business soon!
More about the same subject
Scientists’ New Goal: Growing Old Without Disease
From WSJ, A study that helped convince the gerontologists to pursue the TAME project was done in the U.K. and published last year in the journal Diabetes, Obesity and Metabolism. Researchers used data from a national registry of more than 180,000 people, comparing the treatment of metformin with that of sulfonylurea, another drug used for diabetes. They also created two control groups of nondiabetic people.
People who took metformin lived longer than those taking sulphonylurea, the study found. In addition, the people with diabetes who were 71-to-75-years-old at baseline and took metformin outlived their nondiabetic controls with a 15% greater survival rate.
http://www.wsj.com/articles/scientists-new-goal-growing-old-without-disease-1426542180
I am going to start taking Metmorfin, no side effects and cheap! (metformin has been widely and safely used for more than 60 years, has very few side effects and is inexpensive).
If anyone hears about a drug that makes you sleep 2 or 3 hours and feel fresh and relaxed i would love to use it too. So much time wasted sleeping!
Beat Notz of Notz Stucki in Geneva offered me (Charles Gave) some invaluable advice. “Never forget that this is an easy business, Charles,” he said. “All you have to do is figure out whether there are more fools than money, or more money than fools. Once you’ve figured that out, you’ll know whether to reduce or to increase your risk”.
Of course it's not easy to figure out if there is more money than....!
I believe we still have more money than fools. Why? Because I see many people that ask me what to do with their money. There is definitely excess savings in the world. Too much money. Very few opportunities to invest. Why?
There is excess capacity in almost any industry. OIl, Copper, car's etc....Excess capacity is a certain way to prices to go down and profits with it. Why invest in a car factory if the existing factories are producing at 50%?
So why the market is going up in the last 5 years? because the companies that can make money are being chased by the money that cannot find new investments to do. Few companies have a product and can charge for it. If you know something, if you have a brand or if you have a product that really can improve the life of your customer you will be bid up big time.
When is this party going to end? Usually when the FED or the ECB raises rates and people/savers can choose to earn 1 or 2% in a sure deposit. Now they make zero!
I did a Meniscus repair surgery and the only question i asked my Doctor was how many procedures have you done this year? he said 27. On his career he is approaching 1000. I think that is the only question that matters and that is why the nº1 in any market is a great position to be. More experience = less surprises
