Category Archives: Personal Development

More Freedom: Living Economical or Working Life Away?

Some Lovely Thoughts
Unusual people live economically, below their means, work hard, save bulks of their income and pursue financial independence aggressively with a sophisticated investment strategy. However, other people work and spend their money for expensive new cars or nice watches. They are not able to build up net worth, sacrifices are too large because of binding habits and social conventions. So, does economical living makes people really free?

Getting Started – First Post at Eternal Yield

Welcome to Eternal Yield! Thank you for coming by. Please share you thoughts and comments with us and have a good time. You will find here short pointy businesslike stock evaluations, which are in line with our long-term buy-and-hold strategy. This blog lives through critiscm, so we encourage readers to comment (anonymous also possible). Today we get started with a story about the relationship between capital and time.

The Parable of the Mexican Fisherman
A boat docked in a tiny Mexican village. An American tourist complimented the Mexican fisherman on the quality of his fish and asked how long it took him to catch them. “Not very long,” answered the Mexican. “But then, why didn’t you stay out longer and catch more?” asked the American. The Mexican explained that his small catch was sufficient to meet his needs and those of his family. The American asked, “But what do you do with the rest of your time?” “I sleep late, fish a little, play with my children, and take a siesta with my wife. In the evenings, I go into the village to see my friends, have a few drinks, play the guitar, and sing a few songs … I have a full life.”