The Investment Scientist

Archive for the ‘28559’ Category

This is a story sent to me by a client. It’s about how we live our lives, which I think is more important than how we make our investments.

His name was Fleming, and  he was a poor Scottish farmer. One day, while  trying to make a living for his family, he heard  a cry for help coming from a nearby bog. He  dropped his tools and ran to the bog.

There, mired to his waist in black  muck, was a terrified boy, screaming and  struggling to free himself. Farmer Fleming saved  the lad from what could have been a slow and  terrifying death

The next  day, a fancy carriage pulled up to the  Scotsman’s sparse surroundings. An elegantly  dressed nobleman stepped out and introduced  himself as the father of the boy Farmer Fleming  had saved.

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Bill Gates

Bill Gates

A physician client of mine passed on to me this list, from Bill Gates’ talk in a high school. There is a good bit of wisdom there. If you have kids in high school, pass this on to them.

Rule 1 : Life is not fair – get used to it! Rule 2 : The world doesn’t care about your self-esteem.

The world will expect you to accomplish something BEFORE you feel good about yourself. Rule 3 : You will NOT make $60,000 a year right out of high school.

You won’t be a vice-president with a car phone until you earn both. Rule 4 : If you think your teacher is tough, wait till you get a boss

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Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC. He is also a regular contributor to Morningstar Advisor and Physicians Practice. To explore a long-term wealth advisory relationship, schedule a discovery meeting (phone call) with him.



You may also get his monthly newsletter, or join his Facebook page for regular wealth management insights. Michael's email is info[at]mzcap.com.

Twitter: @mzhuang

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