Faith of Our Frauders; Reality Bites Again; TED Ideas Worth Sharing & Free Books
These are the best of times in many ways, despite the bear market, the collapse of the housing bubble, the falling dollar, recession, war drum beating etc..... The people of the world have never been freer to self determine their future, then now. The internet makes information near freely available to anyone with a computer and bandwidth. ie if you want to get an MBA, CPA, MCSE, CFA etc just log on study, qualify online and take the test. Being born with an American or European Passport is no longer the huge lottery ticket that it once was. The US and EU have some major competitor in BRIC.
You can start a business also with far less cost and mystery by accessing the internet. However, the internet is DEFLATIONIARY to the knowledge worker, which means people who went to school to gouge up on knowledge and sell their services may find their knowledge is not worth that much with www.google.com available to answer questions and competitively priced services available thru the internet. So it is more important then ever to AVOID PAYING TO MUCH FOR COLLEGE / EDUCATION. NOTE: FYI -
20 Best Websites To Download Free EBooks
I started receiving both the Financial Times and the WSJ (a gift from Mom) last week. I like both papers, but I do not have time to read both. I am getting better content from the internet, which I can shift thru faster, plus I can filter it and SPEED READ IT ALSO here.
Try this: http://www.spreeder.com/
I think it is amazing FREE TOOL.
Here are some good sites I like this week:
If you want to get wealthy, you have to start your own business. Your first $30k should be your own business, buying stocks is investing in someone else's business. The ten year return of the stock market is LESS then ZERO (ref Lost Decade by WSJ). Here is a site to think about your own business:
45 Ways to Earn Some Extra Money
For wisdom there is TED. TED is an outstanding site to see some of the Newest and brightest people speak.
Themes Top 10 TEDTalk
Now back to the current US stock market. We are in a Bear Market, there is plenty of more room to fall. There is a potential for a panic out of the US market and the US dollar. I see huge downside opportunity.
I think you can own SKF here. I like SKF better at or around $100. I am short GGP, ARO, AMSC, and DRYS. You can reference my pitches to understand why I chose these positions.
If you need some more reading to get Bearish, look no further then our current two political candidates. Here is some interesting reading to help:
These two write up are worth your time here:
Faith of Our Frauders: Candidates' Church Chat Reality Bites Again