[vc_row][vc_column][vc_column_text css_animation=”none”]
[/vc_column_text]
The most important part of success in life is: Get Started. Too many people wait until things are “perfect” or until they are completely confident in themselves. They are paralyzed by fear. They worry about the judgment of others; about public embarrassment if they fail. Don’t. Set your sight on your future and what you…
Due to our disciplined value investing philosophy, coupled with our insistence upon diversification of income and assets, we haven’t experienced a lot of big losses. When we do, we try and study what went wrong so we can understand if there was a structural problem or a blind spot in our mental cognition that should be avoided in the future. We never want to have to “return to Go” in Monopoly terms. That is just intelligent portfolio management.
When I come into the office, I begin by sitting down with a white pad of narrow-ruled paper (narrow-ruled, which is smaller than even college-ruled because that is how I like it), and set out everything I want to achieve that day. If I knock off the top 5 things, I consider it a success.
A week or two ago, I wrote an article called Understanding Stock Repurchase Plans for About.com, a division of The New York Times, which discussed Sonic Restaurant and the massive stock buy back program that had taken place over the past few years. In it, I walked the readers through a lot of the math and explained that I had purchased a couple hundred shares to watch and monitor the stock through one of my companies, Mount Olympus Awards, LLC. (I’ve since increased it to about 500 shares to continue watching and waiting to see how events unfold).
I believe one of the signs of a life well lived is the fact that you wake up every morning and jump out of bed because you can’t wait to spend your time focusing on something that makes every part of you – physically, mentally, emotionally, and spiritually – satisfied. This is going to be different for everyone.
We are in the process of rolling out some pricing changes for our letterman jacket business (we’re going to get aggressive on certain discounts for certain products). As we were updating the website, a beautiful, huge snowstorm hit. It’s really peaceful working here right now.
For the past few weeks, I’ve been toying with paid search at our e-commerce businesses. We’ve always had great success with organic search and, in many cases, dominate our keywords leading to terrific sales at a very low cost. However, with paid search, we weren’t as familiar with the mechanics and the best way to get a high conversion rate. We approved a budget to test out the process and learn in a trial-by-error format.
[/vc_column_text][/vc_column][/vc_row]
