links for 2010-05-14

14 May
  • Goldman Sachs isn’t an investment bank. Goldman Sachs is a hedge fund. It’s bigger than any hedge fund. It’s more leveraged, to the power of three or five, than any hedge fund. And unlike other hedge funds, it has access to zero-interest loans from the Fed, and to implicit and explicit guarantees of the government. So if Goldman thinks they are so good at ‘prop’ trading that they can make a profit every day—as they did in the last quarter… there was not a single day on which they lost money—fine, let them be a ‘prop’ trading firm, be a hedge fund. But don’t use the taxpayers’ money to do stuff that’s very risky and highly leveraged. But not only do they do that, but they ‘front-run,’ in 10 different ways, their own clients…
  • Pick something. Do it with all your heart. If you can’t keep your heart in it, do something else. Repeat. Few people have the courage to do this, even for a year, much less a lifetime. But my suspicion is if you ask passionate people how they make choices, this is what you’ll hear.
  • # Produce, do not procrastinate.
    # Manage your energy not your time.
    # Perfection is merely a facade that steers you in the wrong direction.
    # Personal innovation is the key to any type of life success.
    # Thoughts precede actions, which precede change. Care + Commitment = Change…
    # Now is everything. Perseverance is power. Inspiration is everywhere.
    # All that needs to be known dwells inside your own heart. Tap into that knowledge within, and trust that knowledge. Be confident in yourself and your power to choose your own perspective. You have more power than you know what to do with in your life. Harness that potential, and your limits will know no bounds.
    # Invest in yourself. Personal knowledge and self-discovery are invaluable. Don't limit your potential by limiting your personal treasury. You are your greatest ally and asset.
    # From a place of clarity, you can move forward with freedom and creativity.
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Posted by on May 14, 2010 in Uncategorized


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