Friday, August 22, 2014

Principle of Wealth Creation

Avoid Catastrophic Risks
Experience is wealth
Labor is wealth
Sample items
Income generating assets
Network
Technologies
Stay Healthy
Keep Expenses Low
Social Capital
Avoid Debt
Stay Liquid
Frugal
Think Long Term
Get a job that pays
Maintain High Credit
Acquire Skills
Know how to Sell
Balanced Diversified Desirable Portfolio
Turning $1 Million into $18 Million in 50 years.
Compounding Wealth
Low Risk Leveraging

Monday, August 11, 2014

Principles of Diamond Investing

Treat each diamond like a business.
Buy a diamond so good that a dummy can sell it.
Own rare valuable stones will continue to produce satisfactory returns.
Certified diamond with global power.

Stay away from stones that undesirable stone.
Buy diamond priced below the market value
Buy a diamond that can be sold at a higher price.
Buy a diamond within your circle of competence
Buy a diamond within your market reach
Do not compete too heavily. Competition is hazardous to human wealth and health.