All credit to www.frankvoisin.com/2012/03/22/philip-fishers-fifteen-questions/

Does the company have the products or services with sufficient market potential to make possible a sizable increase in sales for at least several years?

Does the management have a determination to continue to develop products or processes that will further increase sales when the growth potential of current product lines has largely been exploited?

(more…)

All credit to www.michaelcovel.com/2011/07/14/truth-facts-opinions-and-absolutes/

…people are people.  Some are good and some are bad and some are well-intentioned and some are misinformed. Pay attention and make your own decisions, that’s all.

It is better to grasp the Universe as it really is, than to persist in delusion, however gratifying or reassuring.

Carl Sagan said that, and I believe it.  It is my truth. It’s just not a fact. Imagine that.

…Albert Camus’ principles of ethics: God is dead, life is absurd and there are no rules. Of course, that’s a doctrine of promoting the individual. You own your own decisions

All credit to http://blogs.wsj.com/wealth/2011/10/28/billionaires-share-their-secrets-to-success/

1. Figure out what you’re so passionate about that you’d be happy doing it for 10 years, even if you never made any money from it. That’s what you should be doing.
2. Always be true to yourself.
3. Figure out what your values are and live by them, in business and in life.
4. Rather than focus on work-life separation, focus on work-life integration.
5. Don’t network. Focus on building real relationships and friendships where the relationship itself is its own reward, instead of trying to get something out of the relationship to benefit your business or yourself.
6. Remember to maximize for happiness, not money or status.
7. Get ready for rejection.
8. Success unshared is failure. Give back — share your wealth.
10. Successful people do all the things unsuccessful people don’t want to do.

All credit to www.hussman.net/wmc/wmc111010.htm

Emphasis added.

Background: If you think about the “standard of living” in a country, you can roughly define it as the amount of goods and services that individuals are able to consume in return for their work. If you think about the “productivity” of a country, you can roughly define it as the amount of goods and services that individuals are able to produce for their work. Clearly, over the long-term, the productivity and the standard-of-living of a country go hand in hand. The best way to create both, over the long-term, is for an economy to build a stock of productive capital (inventions, new technologies, plants, equipment, public infrastructure, etc), and human capital (labor skills, education). (more…)