Monday, December 29, 2008

The Fastest Way To Make Money In The World

ForwardOver 5 years ago, my wife Cassie and I were living a fairly routine life. As a manager for a reasonably large insurance company which was a Global corporate citizen, we were doing OK. My wife didn’t have to work, but money was tight most, if not all of the time. My hours were long and I didn’t have much time or money to enjoy what life had to offer.One sunny afternoon, my buddies and I were having a few cold beers on Geoff’s newly built sun deck and the 5 of us were talking about all sorts of things, but in particular the topic of conversation centered around an inter-office email I had received among the managers pc’s. The email was a link to a download of a book that one of the managers, Paul, had received over the internet. He was freely sharing it with the rest of us and I was interested enough todownload it myself. I had read it the previous night and was telling my buddies about it this sunny day over 5 years ago.I could tell I was switching on lights when I talked about the ideas in this book written by a guy named Hayden Muller. Beasley and Geoff in particular lead the charge and wanted me to elaborate on what I had previously said. I relayed the ideas as best as I could remember them and they all seemed to take a lot of interest, so I offered to email them all a copy.The next day, I got 5 phone calls from 5 different friends, all with the same opinion. They wanted to try this.The book was about compounding capital. Simply put, the idea was to find opportunities that were priced below intrinsic value and profetize the excess on a systematic basis.

No comments:

Post a Comment