“Get rich quick” is a pipe dream and often a scam. It’s also grammatically incorrect. “Get rich slowly” is, however, a very attainable reality.
You can try to out-trade the supercomputers sitting on the floors of the big exchanges, if you want. They’re located there because they have the advantage of the time that it takes light or electricity to travel even a few blocks. This allows the firms who pay fortunes to the exchanges for proximity to the trading computers to beat firms located just down the street.
On the other hand, you can invest in the future, which no computer can calculate…
I think it’s good to periodically consider the man whom Money magazine picked in 1999 as the last century’s greatest stock picker, John Templeton. He started his investing career in 1939 by borrowing about $10,000, which was real money in those days. With war escalating in Europe and most investors in panicked despair, he didn’t buy gold. He bought 100 shares in each of the 104 companies priced under a dollar on the New York and American stock exchanges.
Almost all were innovative startups, and 34 were in bankruptcy. He then ignored his portfolio for four years. At that point, only four of the 104 were worthless, and he had quadrupled his money.
It wasn’t luck. Templeton was one of the few who understood portfolio mathematics. It is axiomatic that a diversified portfolio of truly innovative companies, held for the long run, will pay off big. This is based on the simple assumption that human progress will continue, and things will get better.
If this is not true, by the way, we’re all hosed anyway. There is no investment, including metals, that will do much good in a Mad Max scenario. So you might as well bet that things are going to get better — much better.
I hear people on the financial shows say that this is not the time to invest for the long run. The European Union and the euro are melting down. Governments all around the world, including the states of California and Illinois, are racing toward default. George Lucas is re-editing Star Wars…again.
In 1939, however, it was not just a shared currency, unemployment and growth rates at stake. National Socialism was on the march in Germany, with various nations preparing for war…from Italy to Japan. Economies were not just wobbling, they were targeted by armadas of bombers and fleets of submarines.
Before it ended, the carnage would be so great that we can’t, to this day, even accurately say how many people died — though it was probably around 60 million. It might have been 10 million more or 10 million less. The destruction was so great that records and even memories of millions disappeared forever. The percentage of total human wealth consumed by the war dwarfs all that is at risk today. But John Templeton got rich. He got rich because he had faith that progress could not be permanently stalled and that those who invest in that progress win in the long run.
It’s not the politicians who will pull us out of this iatrogenic debacle — it’s scientists, engineers and investors.
The market punishes, in the long run, the misallocation of resources. It rewards, in the long run, true innovation that increases total wealth and health. In the long run, market forces always prevail.
Ignore fluctuations and short-run market conditions. Have faith in the future, and keep your eye on the long run. Remember, as well, that your long run has gotten a lot longer, even very recently.
Moreover, it will continue to lengthen as unprecedented medical advances come to market…
Patrick Coxfor The Daily Reckoning
Patrick Cox has lived deep inside the world of transformative technologies for over 25 years. In the 1980s, he worked in computer software development and manufacturing. By the mid-1990s, he worked as a consultant for Netscape — the company that handled 90% of all Internet browsing traffic at the time. InfoWorld and USA Today have featured Patrick's research many times. He's also appeared on Crossfire and Nightline. This expertise bought him to Agora Financial, where he now heads Breakthrough Technology Alert, the only place you'll find the truly transformational technologies that offer exponential gains.
I just bought MJNA, HEMP, PHOT and CBIS for that very reason.
Pingback: Bill Ferguson
Pingback: free web proxy
Pingback: DSL Anbieter
Pingback: local swingers
Pingback: home based business ideas
Pingback: Reality TV casting calls
Pingback: free credit report
Pingback: online degrees
Pingback: dich vu du lich
Pingback: midlife crisis dfw
Pingback: How do you know if you have herpes
Pingback: music promo
Pingback: our website
Pingback: beat creator
Pingback: how to lose weight fast
Pingback: medical lawsuits
Pingback: annual free credit report
Pingback: how to get taller after puberty
Pingback: book of ra online
Pingback: get more backlinks
Pingback: which pc to buy
Pingback: link builder
Pingback: music insights
Pingback: sportscheck gutscheinnummer
Pingback: congstar gutschein mai
Pingback: gutscheincodes zalando lounge
Pingback: asos gutscheincode versandkosten 2013
Pingback: gutscheincode sanicare 10 euro
Pingback: aktuelle weltbild neukunden gutscheine
Pingback: buy desktop computer online
Pingback: gutscheine conrad
Pingback: gutscheincode lands end 10 euro
Pingback: gutscheincode heine versandkosten
Pingback: aktuelle toys'r'us gutscheine
Pingback: redcoon gutscheinnummer
Pingback: getgoods gutschein 2013
Pingback: gutscheincodes otto office
Pingback: blume2000 gutschein 10 euro
Pingback: thalia gutschein 10 euro
Pingback: gutscheincodes von home24
Pingback: mytoys gutscheincode 10
Pingback: deichmann gutschein versandkosten
Pingback: gutscheincode jako-o versandkostenfrei
Pingback: baur gutschein mai
Pingback: gutscheincode docmorris neukunde
Pingback: ernstings family gutschein 2013
Pingback: Shonda Isiordiaï¿½
Pingback: contractor seo marketing
Pingback: Mediation MN
Pingback: pure garcinia cambogia extract
Pingback: website seo analysis
Pingback: Orthodontist Chandler AZ
Pingback: Estate Planning
Pingback: chandler dentist
Pingback: obat kuat seksual
Pingback: gutters clearwater
Pingback: reverse phone number 8663757387
Pingback: pressearbeit hannover
Pingback: Dr OZ Green Tea
Pingback: Google Sniper
Pingback: grosir baju murah
Pingback: how to get your boobs bigger naturally
Pingback: Green Coffee Bean Max
Pingback: free intro maker
Pingback: kwatery wladyslawowo
Pingback: Saffron Extract Select
Pingback: music promotion
Pingback: Unique Hoodia
Pingback: Business Investment
Pingback: Joesph Compo
Pingback: Dolores Lingerï¿½
Pingback: NYC dermatologist
Pingback: Military Dog Tags
Pingback: Homeowners Insurance in Florida
Pingback: continued here
Pingback: Buy Google Circles Followers
Pingback: locksmith london
Pingback: auto insurance
Pingback: IT Essay
Pingback: best small business ideas
Pingback: e cig reviews
Pingback: aspartam produkty
Pingback: garcinia cambogia
Pingback: sat lida
Pingback: green coffee bean extract
Pingback: 4dlinkcom directory
Pingback: electronic cigarette starter kit
Pingback: cheap car insurance
Pingback: online betting
Pingback: ger?ek lida
Pingback: Engagement Emerald Cut Rings
Pingback: VMware Promo Code
Pingback: la voyance amour gratuite par mail
Pingback: more info about Rotterdam
Pingback: SEO company
Pingback: bond cleaning Gold Coast
Pingback: location voiture luxe dubai
Pingback: Chairs Melbourne
Pingback: vmware promo code
Pingback: how to make your hair grow faster
Pingback: les paul guitars
Pingback: model train accessories
Pingback: telephone voyance
Pingback: click for source
Pingback: hcg drops reviews
Pingback: Biggest secrets in weight loss by John Latham
Pingback: how to stop hair loss
Pingback: ??? ?????? ????????
Pingback: cheap louis vuitton handbags outlet
Pingback: bill of sale form free printable
Pingback: debt consolidation services mn
Pingback: search optimisation engine
Pingback: social media marketing firm
Pingback: pc games free
Pingback: how to get ripped without weights
Pingback: foam silicone sheet
Pingback: úîåðåú áçì÷éí
Pingback: tall women
Pingback: diet to go meals
Pingback: The Glenn Orlando
Pingback: cod ghosts forum
Pingback: atlanta second trimester abortion
Pingback: Florida Homeowners
Pingback: abortion pill
Pingback: buy google plus
Pingback: winter haven fl abortion clinic
Make Way for the Gold Price "Zero Hour"
After a six month rally, the Nipponese index dropped 7.3%. Is it a turning point or a small correction?
After rising 3% out of the gate after Thursday’s bloodbath, the Japanese index embarked on a wild ride.
The American Association of Petroleum Geologists was nice enough to schedule its 2013 annual convention at my hometown of Pittsburgh…
Given a choice, Bernanke will likely strangle the currency (your money)... in favor of “strengthening” the economy.
If the Maker Movement Is So Great, Where’s Our Flying Car?
IRS scandals and the dangers of dissenting opinion in America.