Thursday, February 17, 2011

personal finance money management


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Marriage can be hard enough some days. Throw money into the mix, and things can get downright ugly.  However, just as disagreements in other aspects of your married life don’t have to result in permanent rifts, disagreements over money don’t have to ruin your relationship.  As with all things in marriage, money issues need to be worked through. Here are some ideas for overcoming disagreements about money in marriage:


Know Thyself


One of the best things you can do is understand your relationship with money.  In order to articulate your position on money to your partner, you need to be able understand.  Think about why you spend (or save) money the way you do.  You should also come to grips with why you don’t like the way your spouse handles money, and determine whether or not your own preferences and money prejudices are coloring the situations.


Avoid Money Discussions When Angry


Before discussing money, make sure that you are both calm.  One way you can do this is to make an “appointment” to discuss money.  That way, you know to calm yourself beforehand.  Money discussions should take place when you are both as rested as possible (not after a long day of work) and when you are not hungry.  Try to find a comfortable location when discussing money, so that both of you are in a more forgiving frame of mind.


Listen to Your Partner


You and your spouse should take turns listening to each other’s ideas.  Listen without interrupting, except to ask clarifying questions.  Then, expect the same respect from your partner.  You should be able to explain your position as well.  If you both agree to listen respectfully, you will get a better idea of each other’s positions, and you will have something to work with when deciding what to do next.


Remember Your Big Picture Goals


Hopefully, you have some big picture goals as a couple.  When disagreeing about money, it is a good idea to pull out your shared goals for retirement, a vacation, kids’ college or your emergency fund.  Together, you can determine what actions will best help you reach your bigger shared financial goals.  Taking the time to re-connect to the commonalities you share will be a big help.


Let Each Person Control Some Money


You should each have control over some of the money.  This should be available for you to use how you want.  With separate spending abilities, it makes it possible for you buy what you want — even if your partner doesn’t agree.  Make it a rule that each spouse will respect what is done with the discretionary spending each has.


In some cases, the best idea is to have separate accounts if you have a hard time agreeing on what to do with money.  Make sure that each of you contributes to a central pot for household expenses, and then you can each have separate checking accounts.  However, even in such a setup, it is important to touch base and make sure you are still working toward shared money goals.


Be Willing to Compromise


Finally, you have to be willing to compromise.  Any relationship has some give and take, and you and your partner need to be ready to give up a little something.  With some thought and planning, it is possible to disagree about money without causing serious problems.



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  • Share

Marriage can be hard enough some days. Throw money into the mix, and things can get downright ugly.  However, just as disagreements in other aspects of your married life don’t have to result in permanent rifts, disagreements over money don’t have to ruin your relationship.  As with all things in marriage, money issues need to be worked through. Here are some ideas for overcoming disagreements about money in marriage:


Know Thyself


One of the best things you can do is understand your relationship with money.  In order to articulate your position on money to your partner, you need to be able understand.  Think about why you spend (or save) money the way you do.  You should also come to grips with why you don’t like the way your spouse handles money, and determine whether or not your own preferences and money prejudices are coloring the situations.


Avoid Money Discussions When Angry


Before discussing money, make sure that you are both calm.  One way you can do this is to make an “appointment” to discuss money.  That way, you know to calm yourself beforehand.  Money discussions should take place when you are both as rested as possible (not after a long day of work) and when you are not hungry.  Try to find a comfortable location when discussing money, so that both of you are in a more forgiving frame of mind.


Listen to Your Partner


You and your spouse should take turns listening to each other’s ideas.  Listen without interrupting, except to ask clarifying questions.  Then, expect the same respect from your partner.  You should be able to explain your position as well.  If you both agree to listen respectfully, you will get a better idea of each other’s positions, and you will have something to work with when deciding what to do next.


Remember Your Big Picture Goals


Hopefully, you have some big picture goals as a couple.  When disagreeing about money, it is a good idea to pull out your shared goals for retirement, a vacation, kids’ college or your emergency fund.  Together, you can determine what actions will best help you reach your bigger shared financial goals.  Taking the time to re-connect to the commonalities you share will be a big help.


Let Each Person Control Some Money


You should each have control over some of the money.  This should be available for you to use how you want.  With separate spending abilities, it makes it possible for you buy what you want — even if your partner doesn’t agree.  Make it a rule that each spouse will respect what is done with the discretionary spending each has.


In some cases, the best idea is to have separate accounts if you have a hard time agreeing on what to do with money.  Make sure that each of you contributes to a central pot for household expenses, and then you can each have separate checking accounts.  However, even in such a setup, it is important to touch base and make sure you are still working toward shared money goals.


Be Willing to Compromise


Finally, you have to be willing to compromise.  Any relationship has some give and take, and you and your partner need to be ready to give up a little something.  With some thought and planning, it is possible to disagree about money without causing serious problems.



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Small Business <b>News</b>: SMBs and the Economy

Recently businesses have expressed concern over excessive regulations that have made conducting business ever more expensive, often with limited justification.

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Miguel Marquez Beaten In Bahrain: ABC <b>News</b> Correspondent Attacked <b>...</b>

Riots have rocked the Arab world for weeks now, and attacks on Western journalists reporting from the midst of the fray have been rampant. Reporting from Bahrain's Pearl Square in the capital city of Manama today, ABC News Correspondent ...


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Small Business <b>News</b>: SMBs and the Economy

Recently businesses have expressed concern over excessive regulations that have made conducting business ever more expensive, often with limited justification.

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Miguel Marquez Beaten In Bahrain: ABC <b>News</b> Correspondent Attacked <b>...</b>

Riots have rocked the Arab world for weeks now, and attacks on Western journalists reporting from the midst of the fray have been rampant. Reporting from Bahrain's Pearl Square in the capital city of Manama today, ABC News Correspondent ...


bench craft company scam

Small Business <b>News</b>: SMBs and the Economy

Recently businesses have expressed concern over excessive regulations that have made conducting business ever more expensive, often with limited justification.

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Miguel Marquez Beaten In Bahrain: ABC <b>News</b> Correspondent Attacked <b>...</b>

Riots have rocked the Arab world for weeks now, and attacks on Western journalists reporting from the midst of the fray have been rampant. Reporting from Bahrain's Pearl Square in the capital city of Manama today, ABC News Correspondent ...


bench craft company sales

Small Business <b>News</b>: SMBs and the Economy

Recently businesses have expressed concern over excessive regulations that have made conducting business ever more expensive, often with limited justification.

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Miguel Marquez Beaten In Bahrain: ABC <b>News</b> Correspondent Attacked <b>...</b>

Riots have rocked the Arab world for weeks now, and attacks on Western journalists reporting from the midst of the fray have been rampant. Reporting from Bahrain's Pearl Square in the capital city of Manama today, ABC News Correspondent ...


bench craft company sales

Small Business <b>News</b>: SMBs and the Economy

Recently businesses have expressed concern over excessive regulations that have made conducting business ever more expensive, often with limited justification.

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Miguel Marquez Beaten In Bahrain: ABC <b>News</b> Correspondent Attacked <b>...</b>

Riots have rocked the Arab world for weeks now, and attacks on Western journalists reporting from the midst of the fray have been rampant. Reporting from Bahrain's Pearl Square in the capital city of Manama today, ABC News Correspondent ...


bench craft company sales

Small Business <b>News</b>: SMBs and the Economy

Recently businesses have expressed concern over excessive regulations that have made conducting business ever more expensive, often with limited justification.

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Miguel Marquez Beaten In Bahrain: ABC <b>News</b> Correspondent Attacked <b>...</b>

Riots have rocked the Arab world for weeks now, and attacks on Western journalists reporting from the midst of the fray have been rampant. Reporting from Bahrain's Pearl Square in the capital city of Manama today, ABC News Correspondent ...


bench craft company sales

Small Business <b>News</b>: SMBs and the Economy

Recently businesses have expressed concern over excessive regulations that have made conducting business ever more expensive, often with limited justification.

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Miguel Marquez Beaten In Bahrain: ABC <b>News</b> Correspondent Attacked <b>...</b>

Riots have rocked the Arab world for weeks now, and attacks on Western journalists reporting from the midst of the fray have been rampant. Reporting from Bahrain's Pearl Square in the capital city of Manama today, ABC News Correspondent ...


benchcraft company scam

Small Business <b>News</b>: SMBs and the Economy

Recently businesses have expressed concern over excessive regulations that have made conducting business ever more expensive, often with limited justification.

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Miguel Marquez Beaten In Bahrain: ABC <b>News</b> Correspondent Attacked <b>...</b>

Riots have rocked the Arab world for weeks now, and attacks on Western journalists reporting from the midst of the fray have been rampant. Reporting from Bahrain's Pearl Square in the capital city of Manama today, ABC News Correspondent ...


bench craft company sales

Small Business <b>News</b>: SMBs and the Economy

Recently businesses have expressed concern over excessive regulations that have made conducting business ever more expensive, often with limited justification.

Pilot <b>News</b>: Bello Takes on &#39;Prime Suspect,&#39; A &#39;Lostie&#39; Returns <b>...</b>

It's casting season in Hollywood and familiar names are being snatched up by studios. Maria Bello will play a famed detective, Christine Lahti will be a doctor (again), Michael Emerson will play a billionaire and James Van Der.

Miguel Marquez Beaten In Bahrain: ABC <b>News</b> Correspondent Attacked <b>...</b>

Riots have rocked the Arab world for weeks now, and attacks on Western journalists reporting from the midst of the fray have been rampant. Reporting from Bahrain's Pearl Square in the capital city of Manama today, ABC News Correspondent ...















Friday, February 11, 2011

personal finance programs

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MABUHAY ALLIANCE HOST THE 6TH ANNUAL ECONOMIC DEVELOPMENT CONFERENCE by mabuhayalliance


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Facebook CTO Says <b>News</b> Next In Social Revolution

Each week we ask chief technology officers and other high-profile tech decision-makers three questions. This week, Bret Taylor, chief technology officer at Facebook and co-founder and former chief executive of FriendFeed, ...

An octet of science <b>news</b>

Perfect Perfume - a video for Valentine's Day - A bit of fun for Valentine's Day as the team combinesto ...

Former Fox <b>News</b> Employee Makes Outrageous Claims About Network&#39;s <b>...</b>

Media Matters talks to an anonymous former employee of Fox News who makes the outrageous claims that stuff is just made up and the network's goal is to prop.


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MABUHAY ALLIANCE HOST THE 6TH ANNUAL ECONOMIC DEVELOPMENT CONFERENCE by mabuhayalliance


bench craft company

Facebook CTO Says <b>News</b> Next In Social Revolution

Each week we ask chief technology officers and other high-profile tech decision-makers three questions. This week, Bret Taylor, chief technology officer at Facebook and co-founder and former chief executive of FriendFeed, ...

An octet of science <b>news</b>

Perfect Perfume - a video for Valentine's Day - A bit of fun for Valentine's Day as the team combinesto ...

Former Fox <b>News</b> Employee Makes Outrageous Claims About Network&#39;s <b>...</b>

Media Matters talks to an anonymous former employee of Fox News who makes the outrageous claims that stuff is just made up and the network's goal is to prop.


bench craft company

Facebook CTO Says <b>News</b> Next In Social Revolution

Each week we ask chief technology officers and other high-profile tech decision-makers three questions. This week, Bret Taylor, chief technology officer at Facebook and co-founder and former chief executive of FriendFeed, ...

An octet of science <b>news</b>

Perfect Perfume - a video for Valentine's Day - A bit of fun for Valentine's Day as the team combinesto ...

Former Fox <b>News</b> Employee Makes Outrageous Claims About Network&#39;s <b>...</b>

Media Matters talks to an anonymous former employee of Fox News who makes the outrageous claims that stuff is just made up and the network's goal is to prop.


bench craft company

Facebook CTO Says <b>News</b> Next In Social Revolution

Each week we ask chief technology officers and other high-profile tech decision-makers three questions. This week, Bret Taylor, chief technology officer at Facebook and co-founder and former chief executive of FriendFeed, ...

An octet of science <b>news</b>

Perfect Perfume - a video for Valentine's Day - A bit of fun for Valentine's Day as the team combinesto ...

Former Fox <b>News</b> Employee Makes Outrageous Claims About Network&#39;s <b>...</b>

Media Matters talks to an anonymous former employee of Fox News who makes the outrageous claims that stuff is just made up and the network's goal is to prop.


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bench craft company

MABUHAY ALLIANCE HOST THE 6TH ANNUAL ECONOMIC DEVELOPMENT CONFERENCE by mabuhayalliance


bench craft company
bench craft company

Facebook CTO Says <b>News</b> Next In Social Revolution

Each week we ask chief technology officers and other high-profile tech decision-makers three questions. This week, Bret Taylor, chief technology officer at Facebook and co-founder and former chief executive of FriendFeed, ...

An octet of science <b>news</b>

Perfect Perfume - a video for Valentine's Day - A bit of fun for Valentine's Day as the team combinesto ...

Former Fox <b>News</b> Employee Makes Outrageous Claims About Network&#39;s <b>...</b>

Media Matters talks to an anonymous former employee of Fox News who makes the outrageous claims that stuff is just made up and the network's goal is to prop.


bench craft company

Management programs are offered through on campus and off campus. There are many types of management programs - Full Time MBA, Part time MBA, Executive MBA, One Year MBA, Two Year Post Graduate Diploma, One Year Post Graduate Diploma, Distance Learning MBA and Online MBA. Management programs are offered in a variety of subjects like Human Resource, Financial Management, Retail Management, Accounting, Leaderships, Hospital Management, Marketing, International Trade, and many others.

Retail sector is rising very rapidly. The retail sector is full of opportunities and challenges. The expected requirement of professional manpower is likely to be .6 million at the store level manager by 2011. The Indian retail environment is filled with large malls, chain of retail outlets and shopping complexes. The demand for manpower is also growing in the area of supply chain and procurement, retail merchandising, store operations management, and point of sale material, mall management and retail service operations. There is a high demand for professional manpower to man the emerging organized retail industry. To fulfill the requirement of manpower at various levels in retail management, many Indian management institutes and business schools have started to offer retail management courses.

Executive MBA programs provide an occasion for working professionals to earn a master's degree in Business Administration. Executive MBA programs don't create any disruption in work and personal pursuits. This type of program includes a cohort class structure which offers a lockstep, planned curriculum in an executive setting. Executive MBA (EMBA) students are asked to complete their degrees within the time offered. They gain a wide range of new skills and sharpen their analytical abilities by combining coursework with day-to-day professional experience pursuing executive management programs. The main feature of an EMBA program is the cooperative professional experience of its participants, which deeply enriches the educational environment. A team approach is frequently used to allow for the sharing of different perspectives on various topics. The students of EMBA possess many years of significant, post-baccalaureate career experience. Most of EMBA students are supported financially and through release time by their employing companies, and all carry on to work full-time while enrolled in executive MBA programs. Class structure and class size facilitate close interaction between faculty and participants to ensure optimum benefits to participants and the sponsoring organizations.

Financial management programs have gained enormous popularity. Financial management programs offer a very rewarding career. Chartered Financial Analysis course is one of financial management programs. Having an MBA with Marketing and Finance specialization helps in making a career in financial management. Management of Business Finance or Cost & Management Accountancy, Chartered Accountancy programs can also be learned to gain skills in financial management. Part Time MBA is offered to those professionals who are unable to attend the classes of Full Time MBA. Part time MBA is very helpful. The classes of part time MBA are normally on weekends or in the evening. part time mba programs last for three years or more than three years depending on the institutes and the programs you have enrolled into.

Wednesday, February 9, 2011

Making Money Internet






The onslaught of disgusting naked men that seemingly destroyed interest in Chatroulette is now earning the site $100,000 a month. After being flagged by other users a certain number of times, the masturbators — there are about 50,000 on the site every day — are automatically redirected to adult pay sites with which Chatroulette has made agreements. The site's founder, Andrey Ternovskiy, claims that you'll run into a penis only once an hour now — still more surprise penises than you typically experience in an hour outside of Chatroulette, but a vast improvement nonetheless. [Fast Company via Newser]





Subscription Porn Site SLAPPed Down After Suing RedTube For Undermining Its Business Model

from the competing-isn't-undermining dept

We've joked in the past about how many of the complaints we see from companies about new, more innovative competitors, is that they somehow represent "felony interference of a business model." Some companies, it seems, like to believe that if they have a successful business model, any new competitor that changes the market around must be doing so illegally. Eric Goldman points us to just such a lawsuit in California, where the proprietor of a subscription based porn website sued RedTube, one of many, many porn-focused free streaming video sites, and many of RedTube's advertisers, arguing unfair competition. Basically, the argument was that by setting up a website and offering these porn videos for free, while making money on the advertising, RedTube was effectively "dumping" its product on the market below cost in order to harm the market and make money elsewhere.



RedTube, in response, filed an anti-SLAPP claim, saying that the lawsuit sought to silence RedTube exercising its First Amendment rights of speech. While a lower court mostly agreed, it did leave open one small piece of the unfair competition claim, related to the issue of the claim that someone at RedTube's parent company signed up for the plaintiff's subscription website, downloaded the videos, and posted them on RedTube. However, the California state appeals court rejects the lower court's argument, and agrees that even this claim should be tossed out, because it's only unfair competition if the plaintiff can show that he has, in fact, lost money or property as a result of the unfair competition. Since the plaintiff was unable to do so, the court ruled that this claim got tossed out too (though, if true, you do wonder if there might be a copyright issue -- which does not appear to have been raised here).



On the overall point of underpricing the market unfairly, the court points out how silly this is, noting that giving away free content in exchange for advertising is a business model that's been around for ages, and is hardly a form of unfair competition:


If Bright's business model sounds familiar it's because it's the business model
typical of broadcast radio and television stations in the United States not to mention
thousands of local newspapers and, more recently, tens of thousands of Internet websites
including Youtube, CNN and Video.Yahoo.

The court also points out, in its opening, that business models change, and companies need to keep up -- and they shouldn't expect the law to keep their old business models in place:

In the 21st century, businesses of all kinds are having to adapt to a constantly
changing commercial landscape. The business that the parties describe as the "adult
entertainment" industry is no exception. Websites that originally made their money by
offering such material on a subscription or pay-per-view basis are being replaced by
"tube" websites which offer their content for free and make their money through
advertising.

There's also an interesting discussion over whether or not RedTube qualifies for SLAPP protections, as the site's content must involve the "furtherance of their right of free speech on a public issue." The plaintiff said that his complaint had nothing to do with stopping speech, but from the "anti-competitive conduct." The court notes that even publishing videos of porn online is conduct in the furtherance of speech and, in fact, that there is a "substantial public interest in the kind of sexually explicit videos shown on tube-sites such as Redtube." That's one way to put it.



The final point that seemed worth discussing on this is just how silly some "anti-competitive" behavior laws and rulings can be. Part of the plaintiff's argument here was to bring up a bit of caselaw involving two competing San Fransisco tourist cruises, where one firm got in trouble for selling tickets below cost, even though the firm made it up elsewhere. The court rejects this, by claiming that the earlier ruling doesn't apply here because RedTube "does not sell two separate products." That seems silly to me, and if anything really just highlights the problem with the original court ruling about using the tickets as a loss leader. If you read the ruling this way, you get a nonsensical result: giving away the videos for free would be legal, but charging a penny for them could suddenly be seen as unfair competition, because now it would be "selling" two separate products. Bundling multiple products, such that some are given away free or cheaply in the interest of a larger business model should never be seen as anti-competitive on its own. While I agree with the outcome, it seemed like this was the most confused part of the court's ruling, in that it tapdanced around what was, basically, a really bad ruling. The real issue should be to get rid of any rule that says such kinds of bundles are against the law in the first place.






12 Comments | Leave a Comment..



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Fox <b>News</b> Suggests Bulletstorm Is “Worst Video Game In The World”

The ever-incisive Fox News has decided today to try to squeeze a little more blood from the violence in games stone. The issue ...

Obama to Push for Less Restrictive Trade with Russia; Expedited <b>...</b>

Fox News has learned that President Obama will call on Congress to support a permanent normal trade relations status with Russia and that his U.S. trade ambassador will tell Congress Wednesday the White House will intensify efforts this ...

Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World

Fox News pundit claims that "increase in rapes" is due largely to videogames.


bench craft company





The onslaught of disgusting naked men that seemingly destroyed interest in Chatroulette is now earning the site $100,000 a month. After being flagged by other users a certain number of times, the masturbators — there are about 50,000 on the site every day — are automatically redirected to adult pay sites with which Chatroulette has made agreements. The site's founder, Andrey Ternovskiy, claims that you'll run into a penis only once an hour now — still more surprise penises than you typically experience in an hour outside of Chatroulette, but a vast improvement nonetheless. [Fast Company via Newser]





Subscription Porn Site SLAPPed Down After Suing RedTube For Undermining Its Business Model

from the competing-isn't-undermining dept

We've joked in the past about how many of the complaints we see from companies about new, more innovative competitors, is that they somehow represent "felony interference of a business model." Some companies, it seems, like to believe that if they have a successful business model, any new competitor that changes the market around must be doing so illegally. Eric Goldman points us to just such a lawsuit in California, where the proprietor of a subscription based porn website sued RedTube, one of many, many porn-focused free streaming video sites, and many of RedTube's advertisers, arguing unfair competition. Basically, the argument was that by setting up a website and offering these porn videos for free, while making money on the advertising, RedTube was effectively "dumping" its product on the market below cost in order to harm the market and make money elsewhere.



RedTube, in response, filed an anti-SLAPP claim, saying that the lawsuit sought to silence RedTube exercising its First Amendment rights of speech. While a lower court mostly agreed, it did leave open one small piece of the unfair competition claim, related to the issue of the claim that someone at RedTube's parent company signed up for the plaintiff's subscription website, downloaded the videos, and posted them on RedTube. However, the California state appeals court rejects the lower court's argument, and agrees that even this claim should be tossed out, because it's only unfair competition if the plaintiff can show that he has, in fact, lost money or property as a result of the unfair competition. Since the plaintiff was unable to do so, the court ruled that this claim got tossed out too (though, if true, you do wonder if there might be a copyright issue -- which does not appear to have been raised here).



On the overall point of underpricing the market unfairly, the court points out how silly this is, noting that giving away free content in exchange for advertising is a business model that's been around for ages, and is hardly a form of unfair competition:


If Bright's business model sounds familiar it's because it's the business model
typical of broadcast radio and television stations in the United States not to mention
thousands of local newspapers and, more recently, tens of thousands of Internet websites
including Youtube, CNN and Video.Yahoo.

The court also points out, in its opening, that business models change, and companies need to keep up -- and they shouldn't expect the law to keep their old business models in place:

In the 21st century, businesses of all kinds are having to adapt to a constantly
changing commercial landscape. The business that the parties describe as the "adult
entertainment" industry is no exception. Websites that originally made their money by
offering such material on a subscription or pay-per-view basis are being replaced by
"tube" websites which offer their content for free and make their money through
advertising.

There's also an interesting discussion over whether or not RedTube qualifies for SLAPP protections, as the site's content must involve the "furtherance of their right of free speech on a public issue." The plaintiff said that his complaint had nothing to do with stopping speech, but from the "anti-competitive conduct." The court notes that even publishing videos of porn online is conduct in the furtherance of speech and, in fact, that there is a "substantial public interest in the kind of sexually explicit videos shown on tube-sites such as Redtube." That's one way to put it.



The final point that seemed worth discussing on this is just how silly some "anti-competitive" behavior laws and rulings can be. Part of the plaintiff's argument here was to bring up a bit of caselaw involving two competing San Fransisco tourist cruises, where one firm got in trouble for selling tickets below cost, even though the firm made it up elsewhere. The court rejects this, by claiming that the earlier ruling doesn't apply here because RedTube "does not sell two separate products." That seems silly to me, and if anything really just highlights the problem with the original court ruling about using the tickets as a loss leader. If you read the ruling this way, you get a nonsensical result: giving away the videos for free would be legal, but charging a penny for them could suddenly be seen as unfair competition, because now it would be "selling" two separate products. Bundling multiple products, such that some are given away free or cheaply in the interest of a larger business model should never be seen as anti-competitive on its own. While I agree with the outcome, it seemed like this was the most confused part of the court's ruling, in that it tapdanced around what was, basically, a really bad ruling. The real issue should be to get rid of any rule that says such kinds of bundles are against the law in the first place.






12 Comments | Leave a Comment..



bench craft company>

Fox <b>News</b> Suggests Bulletstorm Is “Worst Video Game In The World”

The ever-incisive Fox News has decided today to try to squeeze a little more blood from the violence in games stone. The issue ...

Obama to Push for Less Restrictive Trade with Russia; Expedited <b>...</b>

Fox News has learned that President Obama will call on Congress to support a permanent normal trade relations status with Russia and that his U.S. trade ambassador will tell Congress Wednesday the White House will intensify efforts this ...

Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World

Fox News pundit claims that "increase in rapes" is due largely to videogames.


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[reefeed]
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= INTERNET BUSINESS SOURCE = by MARCO KIRCHNER


bench craft company

Fox <b>News</b> Suggests Bulletstorm Is “Worst Video Game In The World”

The ever-incisive Fox News has decided today to try to squeeze a little more blood from the violence in games stone. The issue ...

Obama to Push for Less Restrictive Trade with Russia; Expedited <b>...</b>

Fox News has learned that President Obama will call on Congress to support a permanent normal trade relations status with Russia and that his U.S. trade ambassador will tell Congress Wednesday the White House will intensify efforts this ...

Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World

Fox News pundit claims that "increase in rapes" is due largely to videogames.


bench craft company





The onslaught of disgusting naked men that seemingly destroyed interest in Chatroulette is now earning the site $100,000 a month. After being flagged by other users a certain number of times, the masturbators — there are about 50,000 on the site every day — are automatically redirected to adult pay sites with which Chatroulette has made agreements. The site's founder, Andrey Ternovskiy, claims that you'll run into a penis only once an hour now — still more surprise penises than you typically experience in an hour outside of Chatroulette, but a vast improvement nonetheless. [Fast Company via Newser]





Subscription Porn Site SLAPPed Down After Suing RedTube For Undermining Its Business Model

from the competing-isn't-undermining dept

We've joked in the past about how many of the complaints we see from companies about new, more innovative competitors, is that they somehow represent "felony interference of a business model." Some companies, it seems, like to believe that if they have a successful business model, any new competitor that changes the market around must be doing so illegally. Eric Goldman points us to just such a lawsuit in California, where the proprietor of a subscription based porn website sued RedTube, one of many, many porn-focused free streaming video sites, and many of RedTube's advertisers, arguing unfair competition. Basically, the argument was that by setting up a website and offering these porn videos for free, while making money on the advertising, RedTube was effectively "dumping" its product on the market below cost in order to harm the market and make money elsewhere.



RedTube, in response, filed an anti-SLAPP claim, saying that the lawsuit sought to silence RedTube exercising its First Amendment rights of speech. While a lower court mostly agreed, it did leave open one small piece of the unfair competition claim, related to the issue of the claim that someone at RedTube's parent company signed up for the plaintiff's subscription website, downloaded the videos, and posted them on RedTube. However, the California state appeals court rejects the lower court's argument, and agrees that even this claim should be tossed out, because it's only unfair competition if the plaintiff can show that he has, in fact, lost money or property as a result of the unfair competition. Since the plaintiff was unable to do so, the court ruled that this claim got tossed out too (though, if true, you do wonder if there might be a copyright issue -- which does not appear to have been raised here).



On the overall point of underpricing the market unfairly, the court points out how silly this is, noting that giving away free content in exchange for advertising is a business model that's been around for ages, and is hardly a form of unfair competition:


If Bright's business model sounds familiar it's because it's the business model
typical of broadcast radio and television stations in the United States not to mention
thousands of local newspapers and, more recently, tens of thousands of Internet websites
including Youtube, CNN and Video.Yahoo.

The court also points out, in its opening, that business models change, and companies need to keep up -- and they shouldn't expect the law to keep their old business models in place:

In the 21st century, businesses of all kinds are having to adapt to a constantly
changing commercial landscape. The business that the parties describe as the "adult
entertainment" industry is no exception. Websites that originally made their money by
offering such material on a subscription or pay-per-view basis are being replaced by
"tube" websites which offer their content for free and make their money through
advertising.

There's also an interesting discussion over whether or not RedTube qualifies for SLAPP protections, as the site's content must involve the "furtherance of their right of free speech on a public issue." The plaintiff said that his complaint had nothing to do with stopping speech, but from the "anti-competitive conduct." The court notes that even publishing videos of porn online is conduct in the furtherance of speech and, in fact, that there is a "substantial public interest in the kind of sexually explicit videos shown on tube-sites such as Redtube." That's one way to put it.



The final point that seemed worth discussing on this is just how silly some "anti-competitive" behavior laws and rulings can be. Part of the plaintiff's argument here was to bring up a bit of caselaw involving two competing San Fransisco tourist cruises, where one firm got in trouble for selling tickets below cost, even though the firm made it up elsewhere. The court rejects this, by claiming that the earlier ruling doesn't apply here because RedTube "does not sell two separate products." That seems silly to me, and if anything really just highlights the problem with the original court ruling about using the tickets as a loss leader. If you read the ruling this way, you get a nonsensical result: giving away the videos for free would be legal, but charging a penny for them could suddenly be seen as unfair competition, because now it would be "selling" two separate products. Bundling multiple products, such that some are given away free or cheaply in the interest of a larger business model should never be seen as anti-competitive on its own. While I agree with the outcome, it seemed like this was the most confused part of the court's ruling, in that it tapdanced around what was, basically, a really bad ruling. The real issue should be to get rid of any rule that says such kinds of bundles are against the law in the first place.






12 Comments | Leave a Comment..



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= INTERNET BUSINESS SOURCE = by MARCO KIRCHNER


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Fox <b>News</b> Suggests Bulletstorm Is “Worst Video Game In The World”

The ever-incisive Fox News has decided today to try to squeeze a little more blood from the violence in games stone. The issue ...

Obama to Push for Less Restrictive Trade with Russia; Expedited <b>...</b>

Fox News has learned that President Obama will call on Congress to support a permanent normal trade relations status with Russia and that his U.S. trade ambassador will tell Congress Wednesday the White House will intensify efforts this ...

Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World

Fox News pundit claims that "increase in rapes" is due largely to videogames.


bench craft company

= INTERNET BUSINESS SOURCE = by MARCO KIRCHNER


bench craft company

Fox <b>News</b> Suggests Bulletstorm Is “Worst Video Game In The World”

The ever-incisive Fox News has decided today to try to squeeze a little more blood from the violence in games stone. The issue ...

Obama to Push for Less Restrictive Trade with Russia; Expedited <b>...</b>

Fox News has learned that President Obama will call on Congress to support a permanent normal trade relations status with Russia and that his U.S. trade ambassador will tell Congress Wednesday the White House will intensify efforts this ...

Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World

Fox News pundit claims that "increase in rapes" is due largely to videogames.


bench craft company

Fox <b>News</b> Suggests Bulletstorm Is “Worst Video Game In The World”

The ever-incisive Fox News has decided today to try to squeeze a little more blood from the violence in games stone. The issue ...

Obama to Push for Less Restrictive Trade with Russia; Expedited <b>...</b>

Fox News has learned that President Obama will call on Congress to support a permanent normal trade relations status with Russia and that his U.S. trade ambassador will tell Congress Wednesday the White House will intensify efforts this ...

Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World

Fox News pundit claims that "increase in rapes" is due largely to videogames.


bench craft company

Fox <b>News</b> Suggests Bulletstorm Is “Worst Video Game In The World”

The ever-incisive Fox News has decided today to try to squeeze a little more blood from the violence in games stone. The issue ...

Obama to Push for Less Restrictive Trade with Russia; Expedited <b>...</b>

Fox News has learned that President Obama will call on Congress to support a permanent normal trade relations status with Russia and that his U.S. trade ambassador will tell Congress Wednesday the White House will intensify efforts this ...

Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World

Fox News pundit claims that "increase in rapes" is due largely to videogames.


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bench craft company

= INTERNET BUSINESS SOURCE = by MARCO KIRCHNER


bench craft company
bench craft company

Fox <b>News</b> Suggests Bulletstorm Is “Worst Video Game In The World”

The ever-incisive Fox News has decided today to try to squeeze a little more blood from the violence in games stone. The issue ...

Obama to Push for Less Restrictive Trade with Russia; Expedited <b>...</b>

Fox News has learned that President Obama will call on Congress to support a permanent normal trade relations status with Russia and that his U.S. trade ambassador will tell Congress Wednesday the White House will intensify efforts this ...

Fox <b>News</b> Calls Bulletstorm the Worst Videogame in the World

Fox News pundit claims that "increase in rapes" is due largely to videogames.


bench craft company

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Tuesday, February 8, 2011

Free rental agreement forms online cheap


surface encounters

Comcast-NBC Deal Could Weigh on <b>News</b> Corp&#39;s Cable Programming <b>...</b>

Comcast-NBC Deal Could Mar News Corp's Cable Programming Margin.

Olbermann to become “chief <b>news</b> officer” of Al Gore&#39;s cable <b>...</b>

Becoming chief news officer of Current TV is hardly a good trade for the prime-time position at MSNBC, and while some of his viewers will seek him out, most of them will probably stay put with Larry O'Donnell. ...

Yahoo Prepping Personalized Mobile <b>News</b> Platform

Yahoo is reportedly preparing to launch a new publishing platform next week which will deliver personalized news content to mobile devices. The content will come from users' social ...


surface encounters

Comcast-NBC Deal Could Weigh on <b>News</b> Corp&#39;s Cable Programming <b>...</b>

Comcast-NBC Deal Could Mar News Corp's Cable Programming Margin.

Olbermann to become “chief <b>news</b> officer” of Al Gore&#39;s cable <b>...</b>

Becoming chief news officer of Current TV is hardly a good trade for the prime-time position at MSNBC, and while some of his viewers will seek him out, most of them will probably stay put with Larry O'Donnell. ...

Yahoo Prepping Personalized Mobile <b>News</b> Platform

Yahoo is reportedly preparing to launch a new publishing platform next week which will deliver personalized news content to mobile devices. The content will come from users' social ...


surface encounters

Comcast-NBC Deal Could Weigh on <b>News</b> Corp&#39;s Cable Programming <b>...</b>

Comcast-NBC Deal Could Mar News Corp's Cable Programming Margin.

Olbermann to become “chief <b>news</b> officer” of Al Gore&#39;s cable <b>...</b>

Becoming chief news officer of Current TV is hardly a good trade for the prime-time position at MSNBC, and while some of his viewers will seek him out, most of them will probably stay put with Larry O'Donnell. ...

Yahoo Prepping Personalized Mobile <b>News</b> Platform

Yahoo is reportedly preparing to launch a new publishing platform next week which will deliver personalized news content to mobile devices. The content will come from users' social ...


surface encounters

Comcast-NBC Deal Could Weigh on <b>News</b> Corp&#39;s Cable Programming <b>...</b>

Comcast-NBC Deal Could Mar News Corp's Cable Programming Margin.

Olbermann to become “chief <b>news</b> officer” of Al Gore&#39;s cable <b>...</b>

Becoming chief news officer of Current TV is hardly a good trade for the prime-time position at MSNBC, and while some of his viewers will seek him out, most of them will probably stay put with Larry O'Donnell. ...

Yahoo Prepping Personalized Mobile <b>News</b> Platform

Yahoo is reportedly preparing to launch a new publishing platform next week which will deliver personalized news content to mobile devices. The content will come from users' social ...


surface encounters

Comcast-NBC Deal Could Weigh on <b>News</b> Corp&#39;s Cable Programming <b>...</b>

Comcast-NBC Deal Could Mar News Corp's Cable Programming Margin.

Olbermann to become “chief <b>news</b> officer” of Al Gore&#39;s cable <b>...</b>

Becoming chief news officer of Current TV is hardly a good trade for the prime-time position at MSNBC, and while some of his viewers will seek him out, most of them will probably stay put with Larry O'Donnell. ...

Yahoo Prepping Personalized Mobile <b>News</b> Platform

Yahoo is reportedly preparing to launch a new publishing platform next week which will deliver personalized news content to mobile devices. The content will come from users' social ...


surface encounters

Comcast-NBC Deal Could Weigh on <b>News</b> Corp&#39;s Cable Programming <b>...</b>

Comcast-NBC Deal Could Mar News Corp's Cable Programming Margin.

Olbermann to become “chief <b>news</b> officer” of Al Gore&#39;s cable <b>...</b>

Becoming chief news officer of Current TV is hardly a good trade for the prime-time position at MSNBC, and while some of his viewers will seek him out, most of them will probably stay put with Larry O'Donnell. ...

Yahoo Prepping Personalized Mobile <b>News</b> Platform

Yahoo is reportedly preparing to launch a new publishing platform next week which will deliver personalized news content to mobile devices. The content will come from users' social ...


surface encounters

Comcast-NBC Deal Could Weigh on <b>News</b> Corp&#39;s Cable Programming <b>...</b>

Comcast-NBC Deal Could Mar News Corp's Cable Programming Margin.

Olbermann to become “chief <b>news</b> officer” of Al Gore&#39;s cable <b>...</b>

Becoming chief news officer of Current TV is hardly a good trade for the prime-time position at MSNBC, and while some of his viewers will seek him out, most of them will probably stay put with Larry O'Donnell. ...

Yahoo Prepping Personalized Mobile <b>News</b> Platform

Yahoo is reportedly preparing to launch a new publishing platform next week which will deliver personalized news content to mobile devices. The content will come from users' social ...


surface encounters

Comcast-NBC Deal Could Weigh on <b>News</b> Corp&#39;s Cable Programming <b>...</b>

Comcast-NBC Deal Could Mar News Corp's Cable Programming Margin.

Olbermann to become “chief <b>news</b> officer” of Al Gore&#39;s cable <b>...</b>

Becoming chief news officer of Current TV is hardly a good trade for the prime-time position at MSNBC, and while some of his viewers will seek him out, most of them will probably stay put with Larry O'Donnell. ...

Yahoo Prepping Personalized Mobile <b>News</b> Platform

Yahoo is reportedly preparing to launch a new publishing platform next week which will deliver personalized news content to mobile devices. The content will come from users' social ...


surface encounters

Comcast-NBC Deal Could Weigh on <b>News</b> Corp&#39;s Cable Programming <b>...</b>

Comcast-NBC Deal Could Mar News Corp's Cable Programming Margin.

Olbermann to become “chief <b>news</b> officer” of Al Gore&#39;s cable <b>...</b>

Becoming chief news officer of Current TV is hardly a good trade for the prime-time position at MSNBC, and while some of his viewers will seek him out, most of them will probably stay put with Larry O'Donnell. ...

Yahoo Prepping Personalized Mobile <b>News</b> Platform

Yahoo is reportedly preparing to launch a new publishing platform next week which will deliver personalized news content to mobile devices. The content will come from users' social ...


surface encounters

Comcast-NBC Deal Could Weigh on <b>News</b> Corp&#39;s Cable Programming <b>...</b>

Comcast-NBC Deal Could Mar News Corp's Cable Programming Margin.

Olbermann to become “chief <b>news</b> officer” of Al Gore&#39;s cable <b>...</b>

Becoming chief news officer of Current TV is hardly a good trade for the prime-time position at MSNBC, and while some of his viewers will seek him out, most of them will probably stay put with Larry O'Donnell. ...

Yahoo Prepping Personalized Mobile <b>News</b> Platform

Yahoo is reportedly preparing to launch a new publishing platform next week which will deliver personalized news content to mobile devices. The content will come from users' social ...


Sunday, February 6, 2011

Im Making Money


Deadline confirms the deal with Universal but isn’t able to say whether Julian Assange will participate in the film. Regardless, the movie could be a firebrand that surpasses the interest generated by Mr. Gibney’s last few films.


Julian Assange, the founder of the whistleblower organization WikiLeaks and therefore responsible for the release of thousands of confidential government documents, is a figure that people tend to either love or hate. To some he’s a hero and a champion of free speech and democracy; others see him as an enemy and someone who endangers our freedom by compromising the inner workings of government. (And there are probably many who see him as a troublesome, egocentric kid.)


All that being the case I’d say that Alex Gibney is the perfect man for this job, and I’m eagerly awaiting the results of his work.


In addition, producers at Josephson Entertainment and Michelle Krumm Prods have optioned Andrew Fowler‘s forthoming biography of Mr. Assange, called The Most Dangerous Man in the World. They plan a ‘suspenceful drama thriller’ based on the bio. The book follows the WikiLeaks founder from childhood to the present day. Producers compare the story they want to tell to All the President’s Men.


No word on a screenwriter, director or cast for the biopic at this point. Too bad Steven Soderbergh likely won’t have any interest in this; he’d be great for it. [Variety]






When I turned 40 I was in a state of panic. I had been reading “the Summer of 49” by David Halberstam about the 1949 Yankees.


In the book he comments about how the Yankees team was going to have problems because of its aging players. For instance, “Dimaggio’s body was breaking down.” You would think Dimaggio was 90 years old. He was 34. So I put that book down and opened up Chess Life Magazine.


I remember back from hanging out at the Manhattan Chess Club as a kid – the old men stroking their beards, pondering moves for hours. So in Chess Life I turn to an article about the top 20 chess players in the world. The article mentions there are only two “oldtimers” on the list. Viswanathan Anand, age 38. And Boris Gelfand, age 37. Great. I guess I’m too old for that also.


So I did the only smart thing – I called someone up who was double my age.


John Pappajohn is exactly 40 years older than me and is one of the most successful investors in the world. He has started, sold, brought public, over 50 different companies in the healthcare space. He’s averaged over 60% a year on his investing since the early 1970s. He’s given over one hundred million dollars to charity just in the past few years. He started his career as a venture capitalist at the healthy age of 41 in 1969.


“You’re calling for what reason? What!?” he asked and then laughed.


(John and Mary Pappajohn)



“Listen, it only gets better,” he said, “I have seven financings going on, a company I’m involved in that might go public soon, and we just did a reverse merger with another company. Things are better than ever.”


But, John, when you started your first venture deal at the age of 41, were you a little scared?


“Oh sure, you’re always apprehensive. That’s normal. And heck, this was 1969, hardly anybody was in venture capital back then and I decided to go into it. I called up another investor, Warren Buffett, and he told me, ‘John, you’re making a big mistake’. He told me he was getting out of the business and going into operating a company. And you know what, James, he was right. Interest rates went to 16%, the economy went into a horrible recession, the venture business was dead. I was doing little M&A deals to make a living but that’s it.”


“I started my venture business with $100,000. That’s all. My wife and I drove around in old cars, we lived within our means, but I always kept a PMA – positive mental attitude. I always held onto that. And then I started a company, Kay Laboratories, which eventually merged into Baxter. I started Caremark which grew much bigger, I started Medical Imaging Laboratories. Altogether I’ve been involved in 50 companies that eventually got bought or went public, all in the medical space.


“And I’ll tell you why it gets better. Everyone always calls me now when they have a deal. I’ve been around so you get to know everybody. Keep your nose clean, build good relationships over the years, and people will keep showing you good deals.


One more thing he said: “Giving money away is a prerequisite to making more money. When you get older,” he told me “you have to keep thinking of new ways to create value. That’s important.”


(making friends)


So a few days ago, the night before I was to leave for India for a two week yoga vacation, John called me to see if I wanted to grab dinner. Of course I dropped all my other plans and said yes. We met at E.A.T, a small diner-ish place on the upper east side. John showed me a page from his notebook. It had a list of about eight deals he was working on right then. “I’m interviewing a CFO for one company,” he told me, “meeting a bank about taking another company public, meeting with some IP lawyers about a tech company I’m invested in, and reviewing the ongoing trial of another company I’m invested in. Its all good, James.”


And I was relieved. Because over the past three years I had basically invested in every company John was involved in, both the public and the private ones. I was glad to hear he was confident in all of our investments together.


And so it occurs to me while I’m writing this: I’m sitting here in India celebrating my 43rd birthday. Three hours ago I touched my toes without bending my knees for the first time in my life in a yoga class. Now I’m writing with a nice breeze coming into my room. Outside its about 70 degrees and sunny.


Meanwhile, an 83 year old man is in his suit, traipsing through the blizzard of Manhattan, making deals, negotiating contracts, trying to get IPOs going for investments he (and I) have made. He’ll put in 15 hour days every day next week in five different states and three different plane rides. He’ll use his rolodex built over 50 years in order to, ultimately, generate money for me while I’m enjoying myself in India.


I’m feeling a little guilty now as I write this. But I’m sure right at this moment, John’s probably the happiest man alive.


Related Posts


10 Things I Learned Working with Jim Cramer


53 Things I Learned from Howard Lindzon


10 Things I Learned while Trading for Victor Niederhoffer



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Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>

Here's all the fashion news that's fit to print! Enjoy!

Bad <b>News</b>: New Book Probes Role of Press in Financial Crisis

Given that some economists still debate the root causes of the Great Depression, little wonder that a multitude of competing stories still vies for affirmation as explanation for the financial crisis of 2008.

&#39;Faster, Pussycat! Kill! Kill!&#39; star Tura Satana has died | <b>News</b> <b>...</b>

Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...


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Deadline confirms the deal with Universal but isn’t able to say whether Julian Assange will participate in the film. Regardless, the movie could be a firebrand that surpasses the interest generated by Mr. Gibney’s last few films.


Julian Assange, the founder of the whistleblower organization WikiLeaks and therefore responsible for the release of thousands of confidential government documents, is a figure that people tend to either love or hate. To some he’s a hero and a champion of free speech and democracy; others see him as an enemy and someone who endangers our freedom by compromising the inner workings of government. (And there are probably many who see him as a troublesome, egocentric kid.)


All that being the case I’d say that Alex Gibney is the perfect man for this job, and I’m eagerly awaiting the results of his work.


In addition, producers at Josephson Entertainment and Michelle Krumm Prods have optioned Andrew Fowler‘s forthoming biography of Mr. Assange, called The Most Dangerous Man in the World. They plan a ‘suspenceful drama thriller’ based on the bio. The book follows the WikiLeaks founder from childhood to the present day. Producers compare the story they want to tell to All the President’s Men.


No word on a screenwriter, director or cast for the biopic at this point. Too bad Steven Soderbergh likely won’t have any interest in this; he’d be great for it. [Variety]






When I turned 40 I was in a state of panic. I had been reading “the Summer of 49” by David Halberstam about the 1949 Yankees.


In the book he comments about how the Yankees team was going to have problems because of its aging players. For instance, “Dimaggio’s body was breaking down.” You would think Dimaggio was 90 years old. He was 34. So I put that book down and opened up Chess Life Magazine.


I remember back from hanging out at the Manhattan Chess Club as a kid – the old men stroking their beards, pondering moves for hours. So in Chess Life I turn to an article about the top 20 chess players in the world. The article mentions there are only two “oldtimers” on the list. Viswanathan Anand, age 38. And Boris Gelfand, age 37. Great. I guess I’m too old for that also.


So I did the only smart thing – I called someone up who was double my age.


John Pappajohn is exactly 40 years older than me and is one of the most successful investors in the world. He has started, sold, brought public, over 50 different companies in the healthcare space. He’s averaged over 60% a year on his investing since the early 1970s. He’s given over one hundred million dollars to charity just in the past few years. He started his career as a venture capitalist at the healthy age of 41 in 1969.


“You’re calling for what reason? What!?” he asked and then laughed.


(John and Mary Pappajohn)



“Listen, it only gets better,” he said, “I have seven financings going on, a company I’m involved in that might go public soon, and we just did a reverse merger with another company. Things are better than ever.”


But, John, when you started your first venture deal at the age of 41, were you a little scared?


“Oh sure, you’re always apprehensive. That’s normal. And heck, this was 1969, hardly anybody was in venture capital back then and I decided to go into it. I called up another investor, Warren Buffett, and he told me, ‘John, you’re making a big mistake’. He told me he was getting out of the business and going into operating a company. And you know what, James, he was right. Interest rates went to 16%, the economy went into a horrible recession, the venture business was dead. I was doing little M&A deals to make a living but that’s it.”


“I started my venture business with $100,000. That’s all. My wife and I drove around in old cars, we lived within our means, but I always kept a PMA – positive mental attitude. I always held onto that. And then I started a company, Kay Laboratories, which eventually merged into Baxter. I started Caremark which grew much bigger, I started Medical Imaging Laboratories. Altogether I’ve been involved in 50 companies that eventually got bought or went public, all in the medical space.


“And I’ll tell you why it gets better. Everyone always calls me now when they have a deal. I’ve been around so you get to know everybody. Keep your nose clean, build good relationships over the years, and people will keep showing you good deals.


One more thing he said: “Giving money away is a prerequisite to making more money. When you get older,” he told me “you have to keep thinking of new ways to create value. That’s important.”


(making friends)


So a few days ago, the night before I was to leave for India for a two week yoga vacation, John called me to see if I wanted to grab dinner. Of course I dropped all my other plans and said yes. We met at E.A.T, a small diner-ish place on the upper east side. John showed me a page from his notebook. It had a list of about eight deals he was working on right then. “I’m interviewing a CFO for one company,” he told me, “meeting a bank about taking another company public, meeting with some IP lawyers about a tech company I’m invested in, and reviewing the ongoing trial of another company I’m invested in. Its all good, James.”


And I was relieved. Because over the past three years I had basically invested in every company John was involved in, both the public and the private ones. I was glad to hear he was confident in all of our investments together.


And so it occurs to me while I’m writing this: I’m sitting here in India celebrating my 43rd birthday. Three hours ago I touched my toes without bending my knees for the first time in my life in a yoga class. Now I’m writing with a nice breeze coming into my room. Outside its about 70 degrees and sunny.


Meanwhile, an 83 year old man is in his suit, traipsing through the blizzard of Manhattan, making deals, negotiating contracts, trying to get IPOs going for investments he (and I) have made. He’ll put in 15 hour days every day next week in five different states and three different plane rides. He’ll use his rolodex built over 50 years in order to, ultimately, generate money for me while I’m enjoying myself in India.


I’m feeling a little guilty now as I write this. But I’m sure right at this moment, John’s probably the happiest man alive.


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Bad <b>News</b>: New Book Probes Role of Press in Financial Crisis

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Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...


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Deadline confirms the deal with Universal but isn’t able to say whether Julian Assange will participate in the film. Regardless, the movie could be a firebrand that surpasses the interest generated by Mr. Gibney’s last few films.


Julian Assange, the founder of the whistleblower organization WikiLeaks and therefore responsible for the release of thousands of confidential government documents, is a figure that people tend to either love or hate. To some he’s a hero and a champion of free speech and democracy; others see him as an enemy and someone who endangers our freedom by compromising the inner workings of government. (And there are probably many who see him as a troublesome, egocentric kid.)


All that being the case I’d say that Alex Gibney is the perfect man for this job, and I’m eagerly awaiting the results of his work.


In addition, producers at Josephson Entertainment and Michelle Krumm Prods have optioned Andrew Fowler‘s forthoming biography of Mr. Assange, called The Most Dangerous Man in the World. They plan a ‘suspenceful drama thriller’ based on the bio. The book follows the WikiLeaks founder from childhood to the present day. Producers compare the story they want to tell to All the President’s Men.


No word on a screenwriter, director or cast for the biopic at this point. Too bad Steven Soderbergh likely won’t have any interest in this; he’d be great for it. [Variety]






When I turned 40 I was in a state of panic. I had been reading “the Summer of 49” by David Halberstam about the 1949 Yankees.


In the book he comments about how the Yankees team was going to have problems because of its aging players. For instance, “Dimaggio’s body was breaking down.” You would think Dimaggio was 90 years old. He was 34. So I put that book down and opened up Chess Life Magazine.


I remember back from hanging out at the Manhattan Chess Club as a kid – the old men stroking their beards, pondering moves for hours. So in Chess Life I turn to an article about the top 20 chess players in the world. The article mentions there are only two “oldtimers” on the list. Viswanathan Anand, age 38. And Boris Gelfand, age 37. Great. I guess I’m too old for that also.


So I did the only smart thing – I called someone up who was double my age.


John Pappajohn is exactly 40 years older than me and is one of the most successful investors in the world. He has started, sold, brought public, over 50 different companies in the healthcare space. He’s averaged over 60% a year on his investing since the early 1970s. He’s given over one hundred million dollars to charity just in the past few years. He started his career as a venture capitalist at the healthy age of 41 in 1969.


“You’re calling for what reason? What!?” he asked and then laughed.


(John and Mary Pappajohn)



“Listen, it only gets better,” he said, “I have seven financings going on, a company I’m involved in that might go public soon, and we just did a reverse merger with another company. Things are better than ever.”


But, John, when you started your first venture deal at the age of 41, were you a little scared?


“Oh sure, you’re always apprehensive. That’s normal. And heck, this was 1969, hardly anybody was in venture capital back then and I decided to go into it. I called up another investor, Warren Buffett, and he told me, ‘John, you’re making a big mistake’. He told me he was getting out of the business and going into operating a company. And you know what, James, he was right. Interest rates went to 16%, the economy went into a horrible recession, the venture business was dead. I was doing little M&A deals to make a living but that’s it.”


“I started my venture business with $100,000. That’s all. My wife and I drove around in old cars, we lived within our means, but I always kept a PMA – positive mental attitude. I always held onto that. And then I started a company, Kay Laboratories, which eventually merged into Baxter. I started Caremark which grew much bigger, I started Medical Imaging Laboratories. Altogether I’ve been involved in 50 companies that eventually got bought or went public, all in the medical space.


“And I’ll tell you why it gets better. Everyone always calls me now when they have a deal. I’ve been around so you get to know everybody. Keep your nose clean, build good relationships over the years, and people will keep showing you good deals.


One more thing he said: “Giving money away is a prerequisite to making more money. When you get older,” he told me “you have to keep thinking of new ways to create value. That’s important.”


(making friends)


So a few days ago, the night before I was to leave for India for a two week yoga vacation, John called me to see if I wanted to grab dinner. Of course I dropped all my other plans and said yes. We met at E.A.T, a small diner-ish place on the upper east side. John showed me a page from his notebook. It had a list of about eight deals he was working on right then. “I’m interviewing a CFO for one company,” he told me, “meeting a bank about taking another company public, meeting with some IP lawyers about a tech company I’m invested in, and reviewing the ongoing trial of another company I’m invested in. Its all good, James.”


And I was relieved. Because over the past three years I had basically invested in every company John was involved in, both the public and the private ones. I was glad to hear he was confident in all of our investments together.


And so it occurs to me while I’m writing this: I’m sitting here in India celebrating my 43rd birthday. Three hours ago I touched my toes without bending my knees for the first time in my life in a yoga class. Now I’m writing with a nice breeze coming into my room. Outside its about 70 degrees and sunny.


Meanwhile, an 83 year old man is in his suit, traipsing through the blizzard of Manhattan, making deals, negotiating contracts, trying to get IPOs going for investments he (and I) have made. He’ll put in 15 hour days every day next week in five different states and three different plane rides. He’ll use his rolodex built over 50 years in order to, ultimately, generate money for me while I’m enjoying myself in India.


I’m feeling a little guilty now as I write this. But I’m sure right at this moment, John’s probably the happiest man alive.


Related Posts


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Bad <b>News</b>: New Book Probes Role of Press in Financial Crisis

Given that some economists still debate the root causes of the Great Depression, little wonder that a multitude of competing stories still vies for affirmation as explanation for the financial crisis of 2008.

&#39;Faster, Pussycat! Kill! Kill!&#39; star Tura Satana has died | <b>News</b> <b>...</b>

Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...


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Given that some economists still debate the root causes of the Great Depression, little wonder that a multitude of competing stories still vies for affirmation as explanation for the financial crisis of 2008.

&#39;Faster, Pussycat! Kill! Kill!&#39; star Tura Satana has died | <b>News</b> <b>...</b>

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Let's start with a little of real good advice. As a real estate investor I am always looking for a good buy. I check the auctions I see and look every time I go anywhere. I do what I call in my book pay attention. Making money in the stock market or real estate is the same pay attention close attention to every thing that affects what you are doing. Never trust another to protect your money or invest it for you. So as I said pay attention all of the time.

When the car companies want you to buy cars they know what to do. They lower the credit score it takes to finance a car. Not by lowering the price of a car. The easier a car is to finance the more people will buy. Same with homes so expect programs to come to help reduce US home inventories.

There are no secrets to this; it is simple don't panic and never just jump. I don't care how good the deal looks the better; it looks the worse it actually is. If someone is selling a house for a dollar and no one has bought it. Don't buy it. It's a bad deal period. Never be afraid to make an offer no matter how low it may seem. You have to start some where so set the pace yes making an offer to a bank for a bank owned ppty selling for 50,000.00 and you offer 1,000.00 the broker wont even submit it so u will have to do it yourself. This takes research but it can be done. As with everything worth having you have to make a try. You can not just wait for it to come with you because what just comes to you is not wanted.

There are people everywhere selling their secret. Ask yourself what could they possibly know that you cant find out on your own. Here is the answer nothing their is not secret. To making money in real estate it like going to the track or to the casino is a gamble their are always unforeseen traps. Just waiting to be missed by a an unknowing buyer. Or a buyer who wants to jump at the chance to get what he or she thinks is a good deal. Good deals are seldom cheap. Everybody has watched the shows on TV their very seldom show the ones that go wrong or bad and when they do. They also show the buyer who at one time saw good money in a home throwing things and tearing up a house. They never tell you how long a house will sit before it is sold. Everything comes into play timing research and knowledge. If you buy a home and sits waiting to be sold anything can happen and will.

The old saying is there are two things that will sit in driveway and break down. A boat and a motor home. Well a vacant house has people breaking into pipes that freeze in the winter heating bills in the winter so the pipe wont freeze. You have to be aware of this stuff and understand that in business if it can go wrong it will in home flipping.

Things you need to know.

1. They are often in a state of disrepair that a satisfactory appraisal cannot be performed to the banks standards. Sometimes the banks will allow a certain amount of funds to be held in escrow for repairs, but rarely allows the borrower to perform any repairs prior to purchasing.

2. Sometimes it is best to buy a foreclosure from an investor that has the resources to buy a home for cash, then make the repairs. This was the home will appraise and everyone wins; the investor makes money for taking the risk and doing the fix up, and you still get a property below market value.

3. You should always purchase a one-year home warranty and owners/lenders title insurance. This is for your protection as you will have little history on the property.

4. Real estate agents may not want to work with you. This is often because they don't know how to work with foreclosures (and in that case, you don't really want someone who doesn't know the nuances of foreclosures). Another reason is because so many foreclosure transactions do not go to settlement successfully, or not without lots of problems, so many will shy away.

5. Banks will often scrutinize a foreclosed property more than a non-foreclosed property to make sure and protect themselves from having the property foreclosed on a second time.

I am currently investing in properties in southern California, Kentucky and Missouri. I have bid on several houses in each state. It appears people are buying the homes below twenty thousand in the areas of the country where they can buy the home and never make a house payment again. These homes are being snapped up quick above twenty thousand the banks seem unwilling to work with a buyer at this time. So a buyer will pay very close to the asking price from the bank.

There are several foreclosures sites now that list a wide variety of homes and commercial property's. One that I like is www.all-foreclosure.com it is a very informative site that gives strong investment advice for consumers looking to cash in on the current foreclosure market. As well as listing local Southern California foreclosures it also lists country wide foreclosures and links to financing and prequalifing for loans. Unfortunately like most other sites this site is not free in order to find out about a home other than price you need to join

There is another site that seems to a be good listing site but does not offer much as far as help. I does however have an extensive inventory of homes in Southern California and around the country. You are required to join and recieve emails you can not bid or get parcel numbers without upgrading to a premium membership. It list addresses and you can take it from their if you live in the area of the home your are looking at. www.foreclosurepoint.com

Side Note: I have recently bid on a few homes through their Realtor. I started about 20,000 below the asking price as to allow them to negotiate; they did not they came off the price 800.00 while I raised 15,000. Before the bank just rejected the bid all together. This is just as I expected and have told y'all previously the banks have gotten their bailouts and are not negotiating with buyers at all at this point. As I stated the good deals have not come to market yet and still way off as far as time. This bank was Bank of America and one of its subsidararies in the Midwest The bank itself simple refused to work with me on a cash buy. Now I might have had better luck if I were looking for financing from them also.

The website I give you below is free their is no cost unlike other foreclosure sites that allow you to view their page content but leave out the addresses so you will join them and pay their fee for these sites. This will take you to HUD , Farm home loan program, Va programs and private bank reos and foreclosures. Their is no more extensive site on the entire internet and it is all free their is no fee what so ever. I could simply go through and list a few bank site the farm home loan program fannie mae and freddie mac indy mac bank of america wells fargo bank and all the name banks but their is so much more than just those major banks their are other programs and smaller banks that concentrate in certain parts of the country like boston. But why it is all here every one of them and more 20 major banks and lots of smaller ones all the government programs their are thousands of homes here all either bank owned foreclosures or HUD owned. Commercial and residential. They start at one buck and go to a millions of dollars. It is updated weekly.

Here is the only website you will need their is no better or more through site. This one website lists every bank owned piece of property in the united states that is for sale at this time and the contact person.

www.bankownedassets.com/foreclosure-listings-residential.php

I was sitting here thinking now is the time. For years people have been saying J you have been investing for 35 years. Don't you think its time to tell your secret to success.

I never really thought about it. Till I watched that Madoff guy steal all those people's money. I thought how can one human being do such a thing to another. I have seen it paid for all these years. By people who are searching for an over night path to riche's. People have asked me what's my secret. I tell people their is no real secret. But they never believe me. They get mad because I say hey heres what I do and how I do it and they look at it and say omg that is so simple. She has to be lying.

In the markets whether it be the stock market or the real estate market for everything bad that happens something good happens. Home foreclosures at an all time high creates and over saturated buyers market. With banks and the government having extreme inventory of homes. This creates a new market of financing to get rid of these homes. It will create a market for homes that will last for the next five years. Then another secondary market for another 10 years after that. Not to mention all the new businesses to be built on this market and the next. Don't be fooled or blind as I said (pay attention)

Stock market secrets the market is always in some sort of turmoil. Either oil is climbing to an all time high or sinking to a to a 10 year low makes no real difference. Once again you have to(pay attention) for example if oil is at an time high oil and gas dependent companies such as airlines stock prices will sink plastics mfgr's stock will sink also as oil rises. new presidents can change these things also. For example if an incoming president doesn't believe in stem cell research or biological research then these companies will more than likely suffer and have trouble getting new products to the markets.

When the dollar is down gold is up
When the stock market is down the bond market is up
When their is an hurricane in gulf dump insurance
When their is a major earthquake in California dump insurance

People always want a fast way to get rich their is no such thing. If a program promises you a get rich quick and you buy it the only person who got rich was the program seller. I promise you will not make me rich. As a matter of fact I don't care if you use this plan or not. I will continue to make my money no matter what.

Here's what you need a plan to make you consistently 500 dollars a day everyday for the rest of your life. A plan that allows you to work when you want from where you want. So you can sit at home in front of your computer in your PJ's all day if you like. It can be done from anywhere as long as you have your computer. A plan to put as little of your money at risk as possible. Could you make more than 500 a day of course you could and still put as little of your money at risk as possible again of course you can. But for me 500 a day is good.

I don't call myself a day trader others do. To me day traders use information different then I do. Now of course im like any other at hint of a big move on a stock I go all in. But this just does not happen that often and once again because I (pay attention) I will most likely already be in it long before the day of the move. I will have been in when it started its move.

Day traders tend to get in on the day I will have been in and out several times before it makes a significant move. I will have averaged my way in for a good profit. Again you have to (pay attention) to know when to move.

First let me tell you about me and how I got started. I can promise you I am going to stray here in more directions than you will understand or believe. You will think to yourself what does this have to do with investing and making money. But really their is one basic truth in making money whether it be in the stock market or real estate. To me its funny people think that real estate flipping was just invented in the last 20 years. Nothing could be farther from the truth. People think short selling,calls and puts are a new thing this is just not true.

Trust me when I tell you if the Donald is selling a program to make money you dont want it. He knows nothing about starting from nothing. Besides he has bad hair you would think with all that money and vanity that he would get a transplant or something. Very few of these people started with nothing meaning nobody knew them, they did not have rich parents, win the lottery, most of these people had some sort of presence in high society and if they say they didnt they are lying.

Ok one more real important thing here is this I am not a writer. As a matter of fact I am not very good at it at all. I am an investor. I am not going to pay an editor to read this and add words to it to make it sound more appealing to you. I don't care if it sounds hokkie or stupid or simple. The idea is for it to sound both so people like me the third grade reading level men and women can understand and apply it to their everyday simple life. I have been investing for 35 years now. This is what im good at. Im going to attempt to send you down a road to success. The good thing is this.

Did you ever go to the doctor sit in front of him and have him start talking doctor to you and you just glaze over till you hear the words you have 6 months to live that gets your attention other wise. You just have no idea what is being said to you. Heres what I do I stick up my hand and say third grade. Meaning talk to me like your talking to a third grader works great for me and I can understand makes the doctor mad but what is he getting paid for anyways by me.

Just a few things I would like you to know. First this isn't a 300 page book. People sell books upon book upon books with pictures and graphs and testimonials from people who as at the bottom in small print says results not typical that can not be understood and just waste your time and bore you. They tell you their life story and show you pictures of homes in Florida and Hawaii beach front estates and airplanes and fancy cars. Im not going to waste your time like that. I respect you. I have no lies to tell. No fake rented beach front homes. Honey im here to tell you its all flash. They may drive a lexus with heated seats but they are not paying for the airspace the TV station is and it gets a percentage of what they sell. People who have lots of money do not want you to see how they live or where they live it makes people mad who buy these programs and can not afford to make them work. Then these people want their money back and if they knew where they lived would come knocking on their door wanting their money back.

I am not going to tell you that these other programs don't work. What I am going to tell you is it does not take 300 pages to show you how to make money in a time of extreme financial fear. The program sellers feed on two things fear and greed.. The people who are making money now have kept their heads and once again (paid attention) I hope you can say ok thats good short to the point allow me to start making money. But here is my point to you all over the internet and in book stores. They offer to sell you books and info and programs from 39.00 to 500. dollars. here's the funny thing at some point in your search you buy one of these books and or programs. And not make a dime they are just to hard to do or are out dated for the times. They need your money I don't I don't whether you follow my advice or not I will continue on day in a day out making money in the markets.

I live in Driggs, Idaho in the Teton valley. I have a modest home with 40 acres. I have 3 horses about 30 chickens a goose some cows and peacocks. I don't drive a hummer I drive a truck a ford. I live on a ranch i wake up to my animals and a very private life that I do not and will not share with you. As I write this their is 3 feet of snow on the ground and blazing fire in my fireplace. The Celtic women are playing in the back ground. I am simple and have taught my children to live a simple but ample life. You will not see pictures of my home it isn't happening.

My husband died in the first gulf war. I have raised my six children on my own and put them through college also with two at UCSD studying to be Vet's.

I do own a few other piece's of ppty around the country but not in Hawaii or Florida or any other place like that. I own one in the mountains above San Diego a place called Julian a small ranch. I also own one in South Dakota a small cattle ranch. But you will see no pictures of them. I do not want you to want what I have I want you to want your dreams.

Yes, all I own came from investing in both the stock market and real estate. I do not own a lot of real estate and never have. However it did not come overnight either. So many times these people sell out dated programs in real estate.

There was a time when you could buy a house with no money down no qualifying no money down. But most of that is gone. Yes you can buy a house by buying tax liens but their a places in the country mostly farming communities where farms property goes on the block every year remember they are farmers and get paid at harvest time then pay off their back taxes. So do not be fooled these are not what they appear to be. So much of this promises instant wealth with pretty pictures of your dreams. This is why i will never sell you my dream or promise you you will be rich in a year. I saw on ebay and now see them quite frequently someone selling tax liens. I though what this has to be illegal how can they sell the lien. Its not but it is a scam and does not pay like a normal lien would.

How tax liens work. A home owner falls behind on their taxes to the city and county. The county after a set amount of time files a letter of intent to file lien for taxes owed. At the end of that time they file a lien. The lien is sold at auction to the highest bidder. Depending on the city or county the home owner has 2 to 3 years to pay those back taxes. If they do the lien holder just earns interest about 3% or less. If you buy that same lien on ebay at auction you could pay 5 or 6 times what the actual lien holder paid for the lien and not earn the interest on the lien. So the lien holder of record makes a killing and your out the price you paid on ebay for the lien. So again pay attention.

You may ask am I rich? Our opinions of rich are not the same. I do not buy a new truck every year. I don't want one. I am frugal with my money. I do not want to leave my home if I don't have to. I want this lifestyle for the rest of mine and my children's life. I no longer put all my money at risk everyday. If I make 500 a day; now I'm happy.

People have said J are you sitting on the side lines with the market losing so much money and I say no. You see the idea is to make money either way and risk as little as possible. Once again you have to (pay attention) the fun thing about this is it is fun and you will have a lot of fun and people will listen when you speak after awhile of you making money and them knowing it. When you go to dinner with your friends they will listen to you and ask you how you are doing it and laugh at you as they do me and say you are lying.

Secret about today's stock market. For awhile I was telling everyone I knew if the market fell through 7000 it would be in free fall. The good thing is this when this is done their will be no over valued stocks almost anything will be a good deal. So start getting ready if you own a bunch of losers you have already lost it it will take years for any of these companies to recover. Their will be a takeover frenzy in the coming years with almost every company trading on the SP 500 undervalued. Just take your loses move to the side and again pay attention. Do not lock yourself into any thing long term. It is highly unlikely that the market will pass very much farther than the 5000 mark. It may dip lower but not for long and when it starts to rise. Dont just buy in pay attention. Look for good solid companies and watch the take over rumors are usually a good indication. Companies that were to high priced are now prime for buyouts.

I remember in the early 80's about all those pyramid schemes out in California. I remember thinking to myself are these people just stupid; do they not guard their money at all?

It's funny how computers made people day traders. I remember years ago sitting in an investment house in Clarke tower in Memphis Tenn. I would drop my children off at school and head to their. I would stay their till the market closed. All we did was watch news there because we did not yet have everything you can get today and a lot of it for free.

Here is your very first tip Im going to give you about investing in this time and state. (Pay attention) Hear everything if you need to write it down Im mean really hear everything not just about the stock market about the world. The best investors pay attention all the time. Read it doesn't have to be the wall street journal though if you like it and get it is good. But I have found mainly worthless for day to day inter-trading or short term investing.

Over the years when I a few of the girls who by the way were all much older than I sat down in the chairs and listened to the guys and talked about stocks. It became clear that in order for us to make real good money we had to pay attention. I used to and still do like NBR nightly business report. Not because it gave me stocks to invest in. But because it let me know what to tune out.

During my early years I was made aware of and noticed and their still are today people fueling their own investments. Here is a hint everything is rigged. Everything you do if it has to do with money is rigged. Example casino's people love to play the slot machines especially women. Casino's set the floor up as a matter of fact they set up the whole casino. No windows machines strategically placed to make you play them. Hotel room colors to make leave the room and go out to floor to loose your money. Buffet's designed to get you in the door. Free drinks to keep you at the machines. Its all a plan a very elaborate one to get your money from you. And it works.

If someone is on TV telling you to buy a certain stock. They are trying to make money on you and it works all the time. Someone on any program is trying to drive up the price of a stock they hold and are not making any money on and want out every time. (Again Pay attention) it is so simple. If you go to the casino play cards the casino's can not control the outcome at all. Its all about controlling the outcome yourself and your money again (Pay Attention)

In the 80's there was takeover mania people were looked for next big takeover. (Again Pay Attention) yes you can make good money in takeovers but again pay attention. Not all take overs are cash offers and some are no good at all. But it can take a long to make money on some takeovers. Again pay attention control your money.

IPO's initial public offerings most are not a good investment. Most are just shell corporations that have no income or products. They ways for companies to raise money without risking what little they have. The payoff is very little unless it is a company with a viable product most are not. The shell corporations have nothing to lose and if they make no money the only person who looses is you. It is legal and you will never get your money back.

Some of these IPO's are very elaborate scheme's to get your money. I have a friend her and her husband bought 40,000 dollars of an IPO.

OK hold up a minute and let me back up. First if someone offers to sell you stock by the side of the pool just say no. You have to be a licensed broker to sell stock and the stock has to licensed to sell in that state. The department of corporations of that state can give a quick look of that company.

Ok back to and elaborate IPO that is a scam and most of them are. I had friend her and her husband belonged to a sun club. They had a membership their for years and knew all of the people. One day a very beautiful woman came to the pool by the way did I mention it is a nudist club. And you had to be neked to be in the pool. SO this beautiful woman comes to the pool and starts talking up this stock IPO and by the time she was done she had made over 200,000 dollars and involved people who thought she was a friend in a scam. She had bought into a company IPO and the man behind it. This scam is still going today remember IPO's are legal and last for years with very little info.

Long story short they lost 40,000 dollars. Again pay attention be smart with your money.




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