Ten Pieces of Inspiration #58
Each week, I highlight ten things each week that inspired me to greater financial, personal, and professional success. Hopefully, they will inspire you as well.
1. Mortimer Adler on drudgework
I don’t think it’s necessarily a bad idea to work simply for the money sometimes.
“Work that is pure toil, done solely for the sake of the money it earns, is also sheer drudgery because it is stultifying rather than self improving.” – Mortimer Adler

Category: Personal Finance Tags:
Friday links: gold theology
Quote of the day
Floyd Norris, “More than almost any other dispute in economics, gold often seems to be a matter of theology. “ (NYTimes)
Chart of the day

Category: General Market Tags:
Week in FX Jan 29-Feb 3
CHF continues to rise despite the EUR’s resilience. The SNB’s pledge to hold the CHF 1.20 cap will soon be tested. Since its inception last September it has worked, however, in the past few weeks’ market sentiment has changed dramatically. China considering greater involvement in EFSF and ESM program has done little to support currency so far.
Figuring Out What’s Really Important (As a Foundation for Your Decisions)
Whenever I spend time thinking about my life, I get caught up in a lot of ideals. I think about writing a great novel. I think about some volunteer projects I’d like to work on. I think about the house I’d like to build and the great travel I’d love to do in the next ten or fifteen years. I think about my own physical fitness and I think about riding in RAGBRAI.
These are wonderful dreams. I enjoy taking little steps toward them because, honestly, I usually enjoy the process.

Category: Personal Finance Tags:
Friday 7atSeven: bull market stages
Here are seven (or so) links at 7AM Eastern. We will see you later with the daily linkfest. Good luck out there.
Where are we in the three stages of bull markets. (Ivanhoff Capital)
Where did all the ETF volume go in January? (FT)

Category: General Market Tags:
Hedge Funds: Actual Investor Returns Less Than Advertised
When a mutual fund or hedge fund lists their historical returns, the industry standard is to use time-weighted returns that assume you buy at the beginning of the time period and hold until the end. However, what often happens is that a fund will start out small and have great returns for a while, gradually start attracting lots of investor money, and then the subsequent returns are not so hot. Whatever special inefficiency or investment idea the fund managers had initially is either wiped out by market forces over time or simply hindered by asset bloat.

Category: Personal Finance Tags:
Q&A: My Current Financial State
Fridays are typically “Ask the Readers” days at Get Rich Slowly, but today I’m doing something a little different. I’ve made a couple of big revelations lately, and those have generated a lot of questions. Today, I’ll answer a handful of these questions in order to give an outline of how I’m managing my money.
There’s a lot to be said about the discipline it took to be conscious spender (and saver) even after a windfall. How did you do this?

Category: Personal Finance Tags:
Reader Profile: JR
The following is the latest post in my "Reader Profiles" series. Each post in this series details the financial situation and challenges of an FMF reader. The purpose of this series is to help us all identify with people like us (in similar situations -- not all will be, of course, but eventually I'm sure you will find someone like you here), get to know the frequent commenters on the site, and hear some financial wisdom/challenges from people other than me.

Category: Personal Finance Tags:
Why Forex is Better Than Stock Trading
Click Here for Why Trading Forex Now Beats The Stock Market

Category: General Market Tags:
Daily Market Commentary: Small Change
Today's action amounted to a bit of a non-event. Tight price action was combined with low volume. The quiet action did little to change the broader picture, or the technical health of the indices.
The only point of interest in the S&P was the increasing disparity in relative strength between the S&P and Russell 2000.

Category: Technical Analysis Tags:
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