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How to Find Your Purpose and Do What You Love

Posted by Maria Popova via Brain Pickings

on Thursday, 30 May 2013 8:51

Why prestige is the enemy of passion, or how to master the balance of setting boundaries and making friends.

“Find something more important than you are,” philosopher Dan Dennett once said in discussing the secret of happiness,“and dedicate your life to it.” But how, exactly, do we find that? Surely, it isn’t by luck. I myself am a firm believer in the power of curiosity and choice as the engine of fulfillment, but precisely how you arrive at your true calling is an intricate and highly individual dance of discovery. Still, there are certain factors — certain choices — that make it easier. Gathered here are insights from seven thinkers who have contemplated the art-science of making your life’s calling a living.

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What you should not do, I think, is worry about the opinion of anyone beyond your friends. You shouldn’t worry about prestige. Prestige is the opinion of the rest of the world.

[…]

Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. It causes you to work not on what you like, but what you’d like to like.

[…]

Prestige is just fossilized inspiration. If you do anything well enough, you’ll make it prestigious. Plenty of things we now consider prestigious were anything but at first. Jazz comes to mind—though almost any established art form would do. So just do what you like, and let prestige take care of itself.

Prestige is especially dangerous to the ambitious. If you want to make ambitious people waste their time on errands, the way to do it is to bait the hook with prestige. That’s the recipe for getting people to give talks, write forewords, serve on committees, be department heads, and so on. It might be a good rule simply to avoid any prestigious task. If it didn’t suck, they wouldn’t have had to make it prestigious.”

More of Graham’s wisdom on how to find meaning and make wealth can be found in Hackers & Painters: Big Ideas from the Computer Age

……read thinker’s 2-7 and all the links HERE

 

Disnat Landing Page Test

Posted by Michael Campbell

on Tuesday, 28 May 2013 18:48

MCWelcome Disnat Clients – Your complimentary subscription to Michael’s Market Commentary Service

As part of our long standing relationship with Disnat and the Desjardin Group we are pleased to make Michael’s Market Commentary Service available to you for free for the next 6 months. The Service includes exclusive weekly postings on Michael’s trading activity and market commentary, PLUS email notifications of key market and news events.

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22 May 2013 – Market Warning

Just a brief note to let you know that the US markets registered several key reversals today, which raises the probability of a correction.   As usual this is not a guarantee of what’s coming next but these signals have proven to be reliable a significant percentage of the time.  Several excellent technical analysts will confirm this in the next day or two…..

15 May 2013 – Market Rise – Fact or Fiction

I’m not sure what I can add to what Mohamed El-Erian, CEO of PIMCO, the world’s largest bond fund said recently, “This is the choice all investors must make: Do you leave some capital on the table as markets rise or suffer large capital losses later. The choice is critical.”…..

02 May 2013 – The Dis-connect Continues

This is the latest tweet from Bill Gross, the biggest bond fund manager in the world. “World awash in money. Fed buys 85 billion per month. Bank Of Japan 75 billion. European Central Bank hints at negative interest rates. Don’t buy – sell risk assets.”….

23 Apr 2013 – The Great Dis-connect

During the credit crisis in 2008 I wrote that financial considerations were driving the markets not economics.  Obviously they are closely related but the economic problems of the last five years have been a by-product of credit related financial factors…..

16 Apr 2013 – What’s Next for Gold?

Is this the buying opportunity of the next decade or the end of the 12 year bull market in gold? There will be no shortage of analysts lining up on both sides of the debate – So what’s next and what should you do….

12 Apr 2013 – Gold Has Broken Down to a New Range

The market has sent a clear message on gold with the series of trading range breakdowns. It has provided yet another very powerful reminder that your job as an investor is to take action based on what the market IS doing – not what you think it should be doing…..

08 Apr 2013 – Gold Update

Traders will buy the dip but will be ready to exit positions on any move below the recent low of $1538 and be long gone if it breaks $1520. As you’d expect long term gold bulls are still convinced that the central bank’s debasement of paper currencies and the diminishing confidence in government will fuel the bull market. I agree but I think they are early….

03 Apr 2013 – Gold Disappoints

I could have written that headline on a regular basis since the first week in October when I exited gold. It’s had every excuse to rally but hasn’t. The key question is whether the recent weakness is a buying opportunity or a warning….

17 Mar 2013 – Cyprus Bailout Just One More Warning

Arugably the key quesiton in the markets today is – what event could surpirse the markets and change the “risk on” mentality that is pushing the stock markets higher on the back of central bank’s creation of money….

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Thanks for joining us last night. This is just a quick note to summarize what I heard at the Emergency Gold Summit – Mike

Central Agreement 
 
All three analysts thought the bull market in gold was not over. The timing depended on the specific style of analysis used. 
 
Martin Armstrong 
 
Marty stated the norm is that the majority of the price depreciation in any decline takes place early in the move followed by a significant consolidation. 
 
Marty’s forecast revolves around the US dollar. I found his observation that the US dollar is the only game in town fascinating. Many people don’t realize that when it comes to the ability of financial markets to absorb major moves of capital there are only three choices – the US, Japan and Europe.  (You can make an argument that the British pound is also large enough to join the group.)
 
But with the Japanese government determined to devalue the yen and with Europe desperate problems Marty thinks that the US dollar is the only default position. And that will provide huge impetus for an up move in the greenback, which will propel stocks and will hold the price of gold (measured in US dollars down). 
 
Marty thinks that the confidence in the US dollar will start to wane starting in October, 2015 and then accelerating at least into 2017. Gold will move inversely to the dollar with first major resistance coming at $2,300 – the old high adjusting for inflation. And then moving on to the $5,000 level. 
 
Silver’s ultimate move will be to the $100 area. Once it goes above the old highs at $50 the move should accelerate. But be prepared for lower prices on the shorter term. 
 
He thinks that June could provide a short-term turning point but the bigger month will be September – centering on the German election. If Merkel doesn’t get reelected it could accelerate money leaving Europe and possibly push gold to its ultimate low.    
 
The key is currency movement – especially into the US Dollar. One more thing – Marty has correctly called the increasing level of volatility well before current analysts had looked it up in the dictionary – and he sees that trend intensifying. Be quick on your feet.
 
Mark Leibovit
 
Mark is a trader whose method identifies short term swings in the market. Long term he is very on bullish gold and silver but so far the market has given him no sign of reversing its downside trend. 
 
His targets for a move up are $1489 and then on to the old support in the $1530 range to get a bigger move going. Then with other smaller resistance levels along the way $1796 must be passed to bring the old high of $1922 into play.  
 
On the downside Mark sees support at the recent low of $1341 broken to bring in a series of lower lows into play with potential risk down to $923 if the support is threatened. 
 
Mark reminded us that the market does not have to go up from here but rather can rally strongly and then come down and test or break the lows. 
 
He sees the opportunity for a bounce in the major gold stocks but investors have to be prepared for new lows. The charts have not reversed, which warns that the downtrend is in tact. 
 
Silver has hit Mark’s initial downside target in the $21 range but if that doesn’t hold $19 and ultimately $14 are in play. ON the upside silver must first clear the $24.71 high from April 29, then the next resistance is 26.00. To re-establish the uptrend silver needs to clear 24.71, 28.20, 29.48, 32.58 and then 35.32. Ultimately Mark see silver getting over $100. 
 
David Bensimon 
 
I have include a few charts below but in a nutshell the period between May 24 and June 7 is an important time window for a low. 
 
His preferred scenario is a low in gold at $1280 to $1300.  David sees 2014 and 2016 as preferred dates for a significant upmove. 
 
In silver, David’s preferred scenario would be to see the low right here at $21. Hi upside count continues to be $125 long term.
 
 
 
 
 
 

7 New Weight Loss Supplements That Really Work

Posted by Forbes Magazine

on Thursday, 23 May 2013 18:06

weightlossWith all the new weight loss medication sentering the market – and engendering controversy – many people are also looking to supplements to aid weight loss. But a visit to those shelves at your local Whole Foods or other health food store, and you’re guaranteed to feel overwhelmed.  Which really work and which don’t? And are they safe?

For information, I looked at the recommendations of prominent naturopathic doctors and the organization Natural Standard, a reputable database of the latest research on supplements.  You’ve likely never heard of many of the supplements listed here, but they’ve all a Natural Standard Grade A or B for having positive scientific evidence supporting their use for weight loss.

….read about all 7 that work HERE

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