#altucher

[igungho]

Leadership lessons by a drug dealer

A) TRY TO GET THE PEOPLE WORKING FOR YOU TO BE MORE SUCCESSFUL THAN YOU

“I wanted the same for them and for them to even surpass me.”

They might not always take it. But give them the chance to be as successful as you and they will take that example to the people below them.

B) HONESTY

This sounds strange coming from a drug kingpin but there aren’t any lawyers or courts to track down liars. Honesty is the law in that game.

When there are lawyers, people lie and deceive and betray. When everything is based on your word and everyone is carrying guns, honesty is the rule.

“If there was any funny business, I’d rather not deal with them anymore, or be very careful with them in the future.”

C) BE VERY LOW KEY

Nobody ever saw Rick being flashy. He was so low key that even when he was running almost a half billion dollars a year, the police had no idea what he looked like.

Part of this was a decentralized structure. People several layers below him in the organization would not have any contact with him and would have to deal with conflicts at their level.

“I had to show by example how to manage, so the people underneath me would know what to do instead of me being always involved.”

D) ONLY DO THE ESSENTIAL

Rick arranged the top level contacts between his sellers and his buyers. Then he stepped back.

Everything else had to be dealt with by the people who worked for him and the people who worked for them.

“Everyone knew what they had to do.” And if they didn’t, they stopped being part of the food chain.

E) DON’T MAKE IT ABOUT THE MONEY

Again: odd advice from a mega drug lord.

Rick poured many of his profits back into his neighborhood.

This was in part to give back, to contribute. But at the same time, it was strategic.

When he went to jail at one point and his bail was set at over a million dollars the million had to come from legitimate enterprises. So Rick could not supply his own bail.

Instead, every household on the block he grew up on, put up their own homes as bail in order to get Rick out of jail.

When you make it not about the money the benefits never stop since money is only a tiny byproduct of the reasons we live, we do things, we strive for success.

F) REDUCE CONFRONTATIONS

When things have the possibility of getting incredibly violent, reduce confrontation as quickly as possible.

Often Rick would simply pay off or write off any losses on people who were no longer fitting in with the organization, rather than have a confrontation with them.

Violence could bring in a whole new set of problems. Better to take a loss and move on and now worry about it.

G) FREEMIUM

It’s almost a cliche, but Rick told how he went to Cincinnati. Stayed with a friend and told him to invite ten of his friends over.

Then when everyone was there he gave everyone a free supply and told them if they were interested to come back in a week and buy the next batch.

Everyone came back. Sometimes the sooner you charge in a business, the quicker you put a ceiling on your potential for expansion. This is true whether your business is drugs or when Facebook was waiting to charge for ads.

H) ASSUME THE WORST

“I always knew I was going to go to jail,” Rick said.

But he wasn’t going to sit around and wait for it to happen. He owned over a dozen houses so nobody knew where he was.

He barricaded the houses with multiple iron fences so that it would take the police over an hour to smash their way in and by then everyone would be gone.

He would leave town for months at a time. He would put extra profits into “legitimate” businesses like a car parts company and hotels.

He always assumed the worst, so that’s how he was able to diversify all the potential ways he could succeed.

Entrevista a Rick Ross por James Altucher

[ahdndnaneb]

“Give yourself permission to cut negative people from your life, and surround yourself with people who bring out the best in you.”

— James Altucher

[dawcast]

Do Something Daily to Grow Your Music Career

Do Something Daily to Grow Your Music Career

This post is part of The Renegade Musician Series. Being in service of your future self is a Stoic principle, but I think it’s something the Greeks and Romans got right. We shouldn’t become too preoccupied with satisfying our every whim and desire in the immediate. Accurate thinking dictates that long-term investments are not only wise, but necessary to fully enjoy our musical passions, and…

[submalevolentgrace]

"More than a decade ago, investment experts James Altucher and Douglas Sease wrote a book for the Wall Street Journal called Investing in the Apocalypse. They argued that the end of the world is a profitable opportunity for those who know how to “fade the fear”, as everyone else panics. They maintained that when disaster strikes, investors should approach it with the rationale that “no matter how bad things seem, they really aren’t that bad”.

Well before the COVID-19 pandemic, they advised investing in big pharmaceutical companies as a strategy to reap dividends from global pandemics. They also encouraged putting money into renewable energy systems while ramping up oil production.

Today, it seems many have followed Althucher and Sease’s advice. Under the guise of taking action on the pandemic, billions of dollars have been poured into big pharma, instead of public health and policies aimed at preventing another global outbreak. The supposed energy transition that has been undertaken has seen renewable energy production expanded, but there has been no indication that oil and gas are being substituted and ultimately phased out.

What is worse, governments and corporations have teamed up to turn the apocalypse into a money-making opportunity. They have rushed to put forward false solutions to the climate crisis: from the push to replace fuel-engine vehicles with electric ones, to so-called climate-smart agriculture, to protected areas for nature conservation and massive tree planting projects for carbon offsets.

All this trickery is called “greening” and it is designed to profit off of climate fears, not stop climate change. While guaranteeing high returns, this deception is tantamount to the genocide of the hundreds of millions of people who will perish from the effects of climate change within the next century because things are that bad."

[darkmaga-retard]

Justin Hart

Sep 10, 2024

The polls are ofiicially open (early voting has started in some states!)

The latest polls have the Harris stuck between 1 and 3 percent. Here’s the latest chart showing her lead SLIPPING nationally.

“Poker is a skill game pretending to be a chance game." — James Altucher

When it comes to elections, much like poker, it may seem like luck plays the biggest role. But seasoned players—and political forecasters—know the truth: it's all about the math.

Nate Silver approaches political forecasting the same way a skilled poker player approaches a hand. His model calculates probabilities, not certainties, assigning a percentage to every possible electoral outcome.

For those troubled by his predictions that show Trump with a higher-than-expected chance in states like Pennsylvania (like the entire media establishment), thinking like a poker player may offer clarity. After all, both poker and elections are games of numbers, strategy, and calculated risks.

Why Election Forecasting is Like Poker

In poker, every hand presents a chance to win, but not every chance is equal. Some hands are stronger, like holding pocket Aces, while others leave you hoping for a lucky draw. Nate Silver's model uses the same probabilistic thinking: it's not about predicting the future with certainty but understanding the odds.

Political campaigns operate like poker players managing risk. They know some states are critical—those “big hands” that could decide the entire election.

Back to Pennsylvania: If Trump wins this state, Silver’s model gives him a 93.8% chance of winning the election. For Trump, winning Pennsylvania is like holding pocket Kings—a powerful hand that significantly boosts his chances. Harris, on the other hand, needs to win other key states, like Michigan or Georgia, to balance out her losses, similar to a poker player playing multiple lower-value hands to win over time.

This approach has ties to game theory, pioneered by John von Neumann and Oskar Morgenstern in Theory of Games and Economic Behavior. They taught us that, in games of strategy like poker—or elections—players must calculate their best possible moves based on incomplete information. Silver’s model follows this principle, assigning win probabilities to each candidate depending on the available polling data, historical trends, and demographic factors. Just as a poker player can’t know what cards their opponent holds, campaigns can’t know exactly how voters will behave. All they can do is calculate the best possible strategy and adjust as the game plays out.

[gibsonmusicart]

2 Important Pieces of Music Business Advice

By David Andrew Wiebe

Building a business is not easy, and it can take time to gain traction within your niche.

Unless you have prior experience, there's going to be a lot for you to learn. You'll have to wear many hats and work long hours.

But if you are committed to your long-term success, here are two important pieces of music business advice that will help you succeed in your music industry endeavor.

1. Don't Reinvent the Wheel

So, you have a revolutionary business idea. Awesome!

The problem is that, as creative people, we tend to think that our approach to marketing, product development, and setting up systems also needs to be 100% unique.

Esteemed author Steven Pressfield was recently interviewed by entrepreneur and investor James Altucher, and he went on record saying that he'd "copied" and "stole" ideas from other sources. If you've listened to Altucher's podcast, you know that he himself often says to his guests, "that's great, I'm stealing that."

Now, outright plagiarism is never good. But at base, business is a system that generates money - nothing more, nothing less. You can inject personality into your branding and marketing, but reinventing the wheel is time-consuming and generally ineffective. You can spend a lot of time spinning your wheels.

Look into what successful businesses are doing. How are they promoting their offer? What seems to be working, and what isn't? What are they doing to connect with their target audience?

Take what works, and leave the rest. Don't try to come up with your own strategy from the ground up!

2. Establish Your Authority

Here in the internet age, many entrepreneurs and business owners rely on product launches to sustain their business. And this might bring in a bit of money in the short-term, but it takes significant effort to maintain, because you have to keep making and launching more products to generate revenue.

A true entrepreneur is someone who passively earns money from their assets. Their constant involvement in the business is not required!

So, constantly launching new products is a shortsighted approach. It can also burn out your audience, who might get tired of hearing from you after buying one or two of your offers.

Instead, you should take a long-term approach to building your authority in the industry. Ongoing publishing (blog posts, articles, e-books, reports, white papers, etc.), guest appearances, speaking engagements, past successes in business, industry connections, and other factors can help you gain more authority.

When you have authority, starting new projects gets easier, and more people will want to work with you. You'll be able to charge more for your products and sell more besides.

In business, long-term thinking often leads to better results.

Article Source: EzineArticles.com

[monsterkong]

The Rise and Fall of Empires: Lessons from Rome's Crisis of the Third Century

🏛 A Tale of Two Empires

The story of the Roman Empire is one of grandeur, conquest, and eventual decline. But within this epic tale lies a period of crisis that offers valuable lessons for today's world. In this blog, we explore the Crisis of the Third Century—a time of turmoil, instability, and reform—and draw parallels with the modern geopolitical landscape.

⚔️ The Crisis Unfolds: A Century of Chaos

The Crisis of the Third Century began with the assassination of Emperor Commodus in 192 AD, marking the end of the Pax Romana—a period of relative peace and stability. What followed was a century of chaos, with the Roman Empire facing invasions, economic collapse, and internal strife.

The Roman military, once the backbone of the empire, became a source of instability. As emperors were overthrown and replaced with alarming frequency, the empire's borders became increasingly difficult to defend. The once-powerful Roman legions were now fighting not only external enemies but also each other in a series of civil wars.

Amid this turmoil, the empire saw the rise of eccentric and unstable leaders. Elagabalus, one of the most notorious of these emperors, is remembered for his bizarre rituals and erratic behavior. His reign was a symptom of the larger problems facing the empire—an overextended and unmanageable state struggling to maintain control.

🔄 The Turning Point: Diocletian's Reforms

By the time Diocletian came to power in 284 AD, the Roman Empire was on the brink of collapse. Recognizing the need for drastic change, Diocletian implemented a series of reforms that would stabilize the empire and extend its life for another century.

One of Diocletian's most significant reforms was the introduction of the tetrarchy, a system in which the empire was divided into four regions, each governed by its own emperor. This division of power was intended to make the vast empire more manageable and to prevent the concentration of power that had led to the earlier crises.

Diocletian also recognized the need for economic stability. He introduced a standardized currency, known as the solidus, which helped to curb the rampant inflation that had plagued the empire. These reforms, while not without their challenges, succeeded in restoring a degree of stability to the Roman Empire.

📚 The Lessons for Today: Echoes of the Past in the Modern World

As we look at the modern world, we can see parallels with Rome's Crisis of the Third Century. The challenges of managing large, diverse states, the economic instability caused by excessive debt, and the rise of populist movements are all issues that resonate today.

The story of Rome's crisis serves as a cautionary tale for modern superpowers. The concentration of power, whether in the hands of a single leader or a dominant nation, can lead to instability and decline. The key to avoiding a similar fate lies in recognizing the warning signs and implementing reforms before it's too late.

💬 Conclusion: Learning from History to Shape the Future

The Crisis of the Third Century is a powerful reminder of the fragility of empires. The Roman Empire, despite its vast power and influence, was brought to the brink of collapse by internal divisions and economic instability. It was only through the reforms of Diocletian that the empire was able to recover and endure for another century.

As we navigate the complexities of the modern world, it's essential to learn from the lessons of history. By understanding the factors that led to Rome's crisis, we can better anticipate and address the challenges facing today's global powers. In doing so, we can work to ensure that history does not repeat itself and that the future is shaped by stability and resilience. 🌍

[icm-247-autopilot]

AI and the top 5 stock pic tips by JAMES AULTICHER

This is privileged information to be viewed only by my subscribers my dedicated people who are supporting my brand new website to the public and want to see where this will take us all this is very valuable content and the privileged will enjoy

Genius investor James Altucher just announced… New AI 2.0 Will Open A Brief “Wealth Window” For Regular Americans to Get In on the $15,700,000,000,000 AI Boom Re: Your Second Chance – If you missed out on crypto, AI 2.0 will be 10X bigger. Some Americans will change their fortunes forever with Altucher’s three AI wealth-building strategies (see below) Hello. My name is James Altucher. I’ve…

[tramsachvn]

Sức Mạnh Của Lời Từ Chối PDF & Review https://tramsach.vn/suc-manh-cua-loi-tu-choi-pdf/

[quotenova]

Persistence creates luck. https://www.quotenova.net/authors/james-altucher/x76mmp

[dawcast]

12 Qualities of a Renegade Musician

12 Qualities of a Renegade Musician

This post is part of The Renegade Musician Series. A Renegade Musician is a new kind of artist. That means she possesses qualities most do not. Here are the key qualities a Renegade Musician exhibits: Growth Oriented: You wouldn’t be here if you weren’t growth oriented, so give yourself a pat on the back. A Renegade Musician knows to invest in herself. She recognizes that personal development is…

[chessnegocios]

Enrich your life with smarter thinking - chapter 8

"Be wary of one who flatters you excessively; he most likely seeks to deceive you." Baltasar Gracián "Know thy enemy as thyself." - Sun Tzu "To know your Enemy, you must become your Enemy." - Sun Tzu "It is better to understand a little than to misunderstand a lot." - Anatole France "Understanding your opponent is the key to victory." - John C. Maxwell "Knowledge is power, and understanding your adversary is the first step to defeating them." - James Altucher "In order to defeat your enemy, you must first understand them." - Richard Nixon "The more you know your opponent, the better you can outsmart them." - Jeffrey Fry Jairo A. Zapata 35 "He who knows when he can fight and when he cannot, will be victorious." - Sun Tzu "To understand the heart and mind of a person, look not at what he has already achieved, but at what he aspires to." - Kahlil Gibran "Seek first to understand, then to be understood." - Stephen R. Covey "Understanding the enemy enables you to take preemptive actions against them." - Toba Beta "To understand the true nature of your adversary, you must walk a mile in their shoes." - Sun Tzu "In battle, as in life, knowing your enemy is the key to success." - Mark Rippetoe "Understanding your adversary's mindset is the first step towards defeating them." - Bruce Lee "To understand the enemy is to understand yourself." - Chinese Proverb "In war, the way is to avoid what is strong and to strike at what is weak." - Sun Tzu "Understanding the adversary's strategy is crucial for devising a winning plan." - Michael Porter "Knowing your adversary is half the battle won." - Amit Kalantri "To defeat your adversary, you must first understand their motives and tactics." - Robert Greene

[darkmaga-retard]

Justin Hart

Sep 08, 2024

“Poker is a skill game pretending to be a chance game." — James Altucher

When it comes to elections, much like poker, it may seem like luck plays the biggest role. But seasoned players—and political forecasters—know the truth: it's all about the math.

Nate Silver approaches political forecasting the same way a skilled poker player approaches a hand. His model calculates probabilities, not certainties, assigning a percentage to every possible electoral outcome.

For those troubled by his predictions that show Trump with a higher-than-expected chance in states like Pennsylvania (like the entire media establishment), thinking like a poker player may offer clarity. After all, both poker and elections are games of numbers, strategy, and calculated risks.

"Don’t Bet the Farm": Why Election Forecasting is Like Poker

In poker, every hand presents a chance to win, but not every chance is equal. Some hands are stronger, like holding pocket Aces, while others leave you hoping for a lucky draw. Nate Silver's model uses the same probabilistic thinking: it's not about predicting the future with certainty but understanding the odds.

Political campaigns operate like poker players managing risk. They know some states are critical—those “big hands” that could decide the entire election.

Back to Pennsylvania: If Trump wins this state, Silver’s model gives him a 93.8% chance of winning the election. For Trump, winning Pennsylvania is like holding pocket Kings—a powerful hand that significantly boosts his chances. Harris, on the other hand, needs to win other key states, like Michigan or Georgia, to balance out her losses, similar to a poker player playing multiple lower-value hands to win over time.

This approach has ties to game theory, pioneered by John von Neumann and Oskar Morgenstern in Theory of Games and Economic Behavior. They taught us that, in games of strategy like poker—or elections—players must calculate their best possible moves based on incomplete information. Silver’s model follows this principle, assigning win probabilities to each candidate depending on the available polling data, historical trends, and demographic factors. Just as a poker player can’t know what cards their opponent holds, campaigns can’t know exactly how voters will behave. All they can do is calculate the best possible strategy and adjust as the game plays out.

[bleedingpeanutbutter]

The muse and the grind

I am writing this blog post after taking a break from working on a chapter of this book I am writing, my first novel. I’m fairly certain it will be terrible but maybe my third and forth ones will show some promise. Later I am also suppose to work on music for the next record, I have artists literally waiting on me to put down vocals but I just can’t make it right. Today seems particularly difficult to get in to the groove of things. Stephen King writes two thousand words a day and says some days he says the words flow easy and other days not so much. Maybe its the power of the habit, maybes its that the muse shows up when you work consistently. Im certainly no expert but it seems the key thing a creative person must do is create. Some days its a struggle to get to five hundred words down and other days two thousand flow out like its nothing. 

I took the advice of James Altucher and try to create idea lists. Just come up with 10 things a day you could write about, or ten things a day to start a business about or whatever you are trying to to. So on this list I have a title for a Bleeding Peanut Butter post called “The muse and the grind” and its beyond easy to procrastinate, in fact I have mastered that skill. That’s one of the reasons I started this blog. To improve my writing and interviewing skills and force myself to have something to write about. To kick out the cobwebs so to speak.

It does seem though that if you show up everyday and put in the work the muse will arrive as well. But boy today is one of those slogging through mud days. Especially since everyone is in quarantine for the Corona virus. It would be so much easier to finish the book I am reading (Duma Key), just play video games, or cook some good food. I don’t have the best advice in the world right now other than the advice I recently got, you write a book one word at a time. I suppose thats true of music as well, write music one note at a time. Record one instrument at a time. One foot in front of the other. Even bad work is better than no work. Bad work you can at least edit most of the time. With no work you are just being a fraud. Creators create, if you don’t create can you call yourself a creator? 

Man, talk is cheap. Everyone wants to be the next great famous artist or the write the great American novel but almost no one wants to put in the grind day in and day out to get there. I can promise you that everyone famous for their art at some point put in the work to get there, I would bet they still do but now that have a team in place to help them along. 

I’m not completely sure my writing is worth reading or music worth listening to because there are so many great artists out there, but art should in some way be about what you need to create. It needs to fulfill you first, if you can write the book you would want to read or the album you would want to listen to I think thats a huge step. Recently I heard someone say that artist have great taste and when an artist starts out and is dissatisfied with their work they know its bad because their tastes tell them so. Their skillset just has to catch up with what they know is good. Once again, practice makes perfect. So make the muse your bitch my showing up everyday, there is no way around it. 

[monsterkong]

Ancient Rome and Modern America: Lessons from a Fading Empire

🏺 The Fall of Rome: What Can We Learn? 🏺

Hello, curious minds and history enthusiasts! 🌟 Today, we’re exploring a fascinating topic that draws a parallel between the decline of ancient Rome and the challenges facing modern America. With insights from Dr. Mary Beard, renowned Roman historian, we’ll delve into how the rise and fall of Rome can provide valuable lessons for today.

⚔️ The Myth vs. Reality of Roman Leadership ⚔️

Dr. Mary Beard’s exploration of Roman emperors reveals a surprising truth: many of these rulers were not the battlefield heroes we often imagine. Instead, they were adept politicians navigating the complex realities of running an empire. This contrast between the idealized image of Roman masculinity and the actual roles of emperors offers a fresh perspective on ancient Rome.

📉 A Modern Echo: America as a Late-Stage Empire? 📉

Drawing a comparison between Rome’s decline and the current state of America, it’s intriguing to see how historical patterns can reflect modern challenges. The idea that America might be experiencing its own version of Rome’s decline is a topic of discussion among scholars and commentators. Economic instability, political corruption, and a sense of lost opportunity all echo the issues faced by the late Roman Empire.

Dr. Beard’s perspective suggests that just as ancient Rome faced frustrations over its declining state, many today feel disillusioned with their lack of upward mobility and meaningful opportunities. The contrast between the dynamic rise of figures like Emperor Hadrian and the stagnation felt by many today highlights a key issue of our time.

💰 Monetary Policy: A Crucial Factor in Decline 💰

One of the critical lessons from Rome’s decline is the importance of sound monetary policy. The Roman Empire’s struggles with inflation and currency devaluation parallel current concerns about the U.S. dollar and national debt. Dr. Beard’s analysis underscores the need for a stable and effective monetary policy to avoid the pitfalls that contributed to Rome’s fall.

The U.S. faces its own challenges with economic instability and debt, and learning from Rome’s experience is crucial. Ensuring that monetary policies are well-managed and addressing the issues of inflation and currency devaluation can help avoid repeating the mistakes of the past.

🌟 Moving Forward: What Can We Do? 🌟

So, what are the takeaways from this historical comparison? To build a more resilient and prosperous future, it’s essential to learn from the past. By addressing our economic and social challenges and implementing effective policies, we can navigate the complexities of the modern world while avoiding the pitfalls that led to the decline of ancient Rome.

As we reflect on these historical lessons, let’s strive to create a society that offers meaningful opportunities for all and ensures economic stability. History has much to teach us, and by applying its lessons, we can work towards a brighter future.

Thanks for joining me on this journey through history and its relevance to our modern world. Until next time, keep exploring and reflecting! 🌍📖

[rjhamster]

AI “wealth window” will close January 9, 2024?

Unsubscribe A Message from Paradigm Press Hello. I’m James Altucher. I’ve been called a “genius investor” by my fans… And an “eccentric millionaire” by some others. I think it’s because I make big predictions… That tend to come true. Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry. And there could be trillions available to…