Thursday, January 10, 2008

Weekly Roundup

The Secret to Living Large
The Secret to Living Large
Blog post by Millionaire Mommy Next Door is an excellent collection of classic blog posts on success, financial freedom and happiness. Core ingredients needed to start living large. Check it out!
Needless to say, it's easiest to appreciate the good when fortune leans in our favor. But when we're ill or anxious or beset by tragedy, savoring positive events is all the more important. Happiness, Bryant says, broadens our perspective and helps us recognize ways to cope with adversity. "Bad things will come—we can't avoid them," he says. As many a poet has written, joy is fleeting, and elusive. "But if you know how, you can go hunting for it, and you can make it last."
Joy, How to Make it Last

Yesterday Emerging Market - Today US Market
Jonathan Clements wonders if the Emerging Market craze is overdone and not a bargain anymore. So if you "have to stash your money somewhere", best values may be found in the US stock and bond markets.
"Indeed, if you have a disciplined bone in your body, you ought to shun today's international-investing craze, lighten up on foreign funds -- and start buying American."
WSJ - You Can Go Home Again

Just one dose needed
Stop Admiring Yourself and Focus on the Market
Stop Admiring Yourself and Focus on the Market
Brett Steenbarger, the author of The Psychology of Trading, questions the focus on "low self-esteem". That is a fallacy and "feeling good about oneself does not appear to lead to better performance in life."
"The really good traders aren't thinking good things or bad things about themselves. They're not thinking about themselves at all.

They're immersed in the markets.

If you're thinking about how good you're doing, how badly you're doing, your recent P/L, your hopes for future profits--all of that is a distraction from being focused on markets.

And *that* will affect performance."
The Limits of Self-Esteem

Keep it low
Monitor Your Energy Use and Save
Monitor Your Energy Use and Save
"Giving people the means to closely monitor and adjust their electricity use lowers their monthly bills and could significantly reduce the need to build new power plants, according to a year long government study. The results of the research project by the Pacific Northwest National Laboratory of the Energy Department, released Wednesday, suggest that if households have digital tools to set temperature and price preferences, the peak loads on utility grids could be trimmed by up to 15 percent a year."

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