Words of wisdom from the Oracle of Omaha, Warren Buffet.
- Habits and character matter a lot…pay attention to how things are done not just what gets done.
- People who function well are not the ones with the “biggest motors” they are the ones with the “most efficient motors.”
- Story of founder of Nebraska Furniture Mart still working at age 101, and sharp as a tack
- If you can buy a business with a founder who has strong character and solid work ethic and smarts you can’t go wrong.
- Any good investment idea can be put in one paragraph.
- “Buy a business that is so good that any idiot can run it, because sooner or later one will!” Warren Buffet quoting Peter Lynch.
- Circle of confidence. You need to know what you know vs don’t know and be clear on where the edges are.
- When I find a good business I buy a lot of it and hold it for a long time, since there aren’t many of them out there.
- The time to sell a really great business is NEVER.
- I like business where I think I know what it will look like in 20 years.
Last weekend I attended an Unarmed Self Defense workshop, conducted by Insights Training. The last time I hit anyone was in tae kwon do class when I was 10 years old. I figured it would be a good idea to learn how to hit and defend myself at a basic level. I also heard great things about the training and figured it would be a good use of a weekend. I was right.
The workshop was two full days and was mostly drill-focused with partners. Hardly any time was spent sitting in chairs. We would learn a technique for defending/attacking and then carry it out multiple times with multiple opponents. We covered a variety of grabs and attacks – both standing and on the ground. We also learned how to de-escalate verbally and through body language. The culmination of the day was a full force attack against a trainer in a specially designed attack suit. During breaks the trainer would tell stories and answer questions to teach new material.
The most important learning for me was a new mindset (one of preparedness and a desire to protect what matters most) and a firm understanding of my rights to protect what is important to me. Mindset is even more critical than fitness, equipment or skill. Personal safety is not something I have spent much time thinking about so this weekend definitely opened my mind to a whole new world and how to deal with it effectively. If you are in the Seattle area I highly recommend taking this training.
My rating: 4 of 5 stars
This is book is not like any of the other “retire early in 10 easy steps” books…it is a full-blown life plan for making it happen, and not for those who aren’t willing or able to take massive action to change their current consumerist habits.
I’ve read a ton of blogs and books on financial management and investment, but this one has a very counter-intuitive and yes – EXTREME – approach to retirement that can be achieved relatively quickly. The overall thesis is that by saving a majority of one’s net income (50, 60, 70 or even 80%!) on an annual basis, it is possible to “retire” in five years or so. This is the case not just due to the high amount of savings, but the low annual expenses needed to sustain a lifestyle where you live on 20% of what is earned. The author was a theoretical physicist and the attention to detail comes through (and at times the math equations get a bit extreme!).
What I liked:
1. A significant amount of the book is devoted to the MINDSET needed (philosophy /psychology) around the early retirement approach. It really goes deep and Jacob provides examples (from his own life), frameworks to help the reader understand character types and plenty of hardcore data.
2. There are specific strategies and tactics that can be applied on day 1 by the reader to boost savings and cut expenses. Some may not apply to you, but many will.
3. There is a very detailed blog Early Retirement Extreme that provides more examples, Q&A topics and links to an active online forum to go deeper into various topics.
What I didn’t like:
1. Many times the books dives too deep into a topic (e.g. in taking about character archetypes, detailing math equations) or seem to be going off on tangents and rambling. I am good at skimming/skipping this stuff so didn’t mind it too much. Overall, there is much more good about this book to love so I was willing to put up with these parts.
On my honeymoon here in French Polynesia. Right now we are on the island of Moorea. Much of the cuisine here is French style. Tons of fish and meat oriented dishes. There is a lack of awareness amongst locals and the hotel staff regarding vegetarian food on the island, though there are many options available if you choose to seek it out. It does amaze me that given how expensive everything is and the number of tourists that come through that there are not more veggie options.
The fruits here are great, pineapple and papaya especially. There are citrus and coconuts too.
Many restaurants have pizza, pasta and salads to choose from if you are vegetarian. All places have desserts….Chocolate mousse, ice creams, creme brule.
Intercontinental Hotel: several options on the menu, including a salad (tell them what you want and they will make it), a veggie pizza, veggie sandwich (again, tell them what you want on it, it isn’t on the menu), veggie stir fry noodles (they have tofu…but you need to ask them for it), French fries, samosas. The breakfast buffet here is epic. Made to order eggs, pastries, fruit bar, cereals, potatoes, several steamed veggies, meats, coffee and self serve espresso machine. We got the breakfast every day and then just had an afternoon snack and dinner.
Le Sunset restaurant at the Hibiscus Hotel: veggie pizza was very good, best of three pizzas we had here so far. The goat cheese salad was great and very big. We also had French fries (thick cut, like steak fries). The view is remarkable, right on the beach. Prices are also affordable compared to other places. The owner will pick up and drop off if you stay nearby.
Les Tipaniers: close to the intercontinental hotel, this place had an amazing vegetarian lasagna. We also had a veggie pasta dish that was quite good. Prices are decent, though Le Sunset was cheaper. They also pick up and drop off from hotels nearby.
Le Plantation: this place actually had a section of the menu labelled vegetarian! They had a few options….a veggie/soy pasta dish, a tofu mango stir fry with rice and some other stuff. The food was decent. However it was very expensive and I preferred the food at the other places noted above.
Overall, as long as you eat cheese/eggs, there is plenty to eat here for vegetarians. Vegans will need to be creative and plan ahead – bring a few bags of nuts, visit the local grocery store for fruits when you arrive. It is doable to travel here as a vegan, but definitely plan for it!
Also, prices are costly, even small restaurants outside the large hotels will cost about $80 for dinner for two….for one drink each, a salad to share, two entrees and a dessert to share. Costs are roughly double what I would pay back in Seattle at a decent restaurant.
I recently started practicing yoga asana again after a 9 month hiatus. Life got busy so I spent my time doing things aside from heading to a warm yoga studio to sweat and breath deeply. Over the past few weeks I’ve rolled out my mat several times. I’ve re-discovered how my yoga practice illuminates and challenges my “weakest links.” Right now these weak links are my ability to breath deeply, flex my spine and maintain a steadiness of mind. What I love is that even though I’m challenged now, I know that what is challenged will inevitably react and strengthen.
- Each of us are really the Great Self
- We deny this because we don’t “feel it”
- We are frightened of feeling it
- We develop a method of practice of putting off feeling it
- We think we need to suffer and be worthy of being our Great Self
- All of this is just postponement, because we are afraid to see it in the here and now
- Suffering is something we (falsely) think we need to do to achieve enlightenment
- Suffering has nothing to do with realization of the Self
- Realization of the Self is just about “coming off it” (it being our own perceived model of the world)
- A guru/teacher is always saying to you “what are you doing? what is your game?”
- A guru/teacher has many methods of helping you see the reality of who you are
- If you have a thin shell, it can be easy for a guru/teacher to help you
- If you have a thick shell, it can be tougher