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One more way to analyze a problem or trend, and...One more way to analyze a problem or trend, and that is pricelessToday, I often say, "How would Peter Lynch do this, or Donald Trump or Warren Buffett or George Soros?" The only way I can access their vast mental power is to be humble enough to read or listen to what they have to sayArrogant or critical people are often people with low self-esteem who are afraid of taking risksYou see, if you learn something new, you are then required to make mistakes in order to fully understand what you have learned If you have read this far, arrogance is not one of your problemsArrogant people rarely read or buy tapesWhy should they? They are the center of the universe There are so many "intelligent" people who argue or defend when a new idea clashes with the omega speedmaster watches way they thinkIn this case, their so-called "intelligence" combined with "arrogance" equals "ignorance"Each of us knows people who are highly educated, or believe they are smart, but their balance sheet paints a different pictureA truly intelligent person welcomes new ideas, for new ideas can add to the synergy of other accumulated ideasListening is more important than talkingIf that was not true, God would not have given us two ears and only one mouthToo many people think with their mouth instead of listening to absorb new ideas and possibilitiesThey argue instead of asking questions I take a long view on my wealthI do not subscribe to the "Get rich quick" mentality most lottery players or ****** gamblers haveI may go in and out of stocks, but I am chloe bag long on educationIf you want to fly an airplane, I advise taking lessons firstI am always shocked at people who buy stocks or real estate, but never invest in their greatest asset, their mindJust because you bought a house or two does not make you an expert at real estateCHOOSE FRIENDS CAREFULLY: The power of associationFirst of all, I do not choose my friends by their financial statementsI have friends who have actually taken the vow of poverty as well as friends who earn millions every yearThe point is I learn from all of them, and I consciously make the effort to learn from them Now I will admit that there are people I have actually sought out because they had moneyBut I was not after their money; I was seeking their knowledgeIn some cases, these balenciaga bag replica people who had money have become dear friends, but not all But there is one distinction that I would like to point outI've noticed that my friends with money talk about moneyAnd I do not mean bragThey're interested in the subject So I learn from them, and they learn from meMy friends, whom I know are in dire straits financially, do not like talking about money, business or investingThey often think it rude or unintellectualSo I also learn from my friends who struggle financiallyI find out what not to do I have several friends who have generated over a billion dollars in their short lifetimesThe three of them report the same phenomenon: Their friends who have no money have never come to them to ask them how they did itBut they do come asking for one of knockoff chanel jewelry two things, or both: 1 A WARNING: Don't listen to poor or frightened peopleI have such friends, and I love them dearly, but they are the "Chicken Littles" of life When it comes to money, especially investments, "The sky is always falling They can always tell you why something won't workThe problem is, people listen to them, but people who blindly accept doom-and-gloom information are also "Chicken Littles As that old saying goes, "Chickens of a feather agree together If you watch CNBC, which is a goldmine of investment information, they often have a panel of so-called "experts One expert will say the market is going to crash, and the other will say it's going to boomIf you're smart, you listen to bothKeep your mind open because both have valid leather chanel purse poin10:22 PM - Saturday, May 1, 2010
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