Tuesday, June 20, 2017

Toronto and NYC Real Estate

Prices of Real Estate in good areas of Toronto are very high but two hours out are not very high. It is the same for New York city and other major cities. 

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Tuesday, June 6, 2017

What causes stress and extreme stress

An angry Australian calls bureaucrats “pen-pushing paper-shuffling bloody idiots” in a letter to a minister. I have great sympathy for the infuriated Australian. Complex laws and regulations cause enormous stress on us and especially on small business owners who unlike large corporations do not have access to sophisticated legal and commercial advice. I was, therefore, surprised to read in a column by Lucy Kellaway how “stressful” the job is of the CEO of a large company. In fact, I found the article by Kellaway to be rather bizarre in view of the fact that CEOs earn so much more than workers, but are in my opinion under much less stress than their employees, and numerous other dangerous occupations.

Stress is caused by adversity and extreme stress by extreme adversity. Extreme adversity can be caused by a total loss of money (including divorce), the loss of a beloved one, the loss of one’s job, and a severe illness or accident. The extreme stress arising from loss of money can usually be avoided by disciplined diversification of one’s assets (stocks, bonds/cash, real estate, and precious metals). A geographical diversification is equally important.