Hate to bug you so early in the new year, but how are you doing with those resolutions?
You know, the resolutions you make pretty much every year about how you are going to work harder and smarter and really push the envelope, career-wise all while exercising more, eating less, and, generally, being a much nicer person, as if that was even possible.
If you find it easier to make resolutions than to keep them, I may have the answer for you. Over the years, I've developed a very special group of new year's resolutions -- dogged determinations that will not only be easy to keep, but which should have you in much better shape by the end of the 2013.
Best of all, I'm willing to share.
Resolution No. 1: Work Less
Are you sick and tired of hearing about people who work hard to achieve business success and personal wealth? Me, too. Let's face facts -- anyone can achieve success if they work hard. The people we should respect -- and emulate -- are the people who never do a darn thing and still manage to get the big bucks.
Like your boss. Or your boss' boss. Or any one the dimwit executives who you read about every day, wrecking their companies, if not the entire economy, and still ending up with million-dollar paydays. (I think you can pretty much include anyone in financial services in this group. Let's stop shaking out fists at these executive goof-offs, and start emulating them.)
Resolution No. 2: Get Stupid
It's a digital age, and there is so much data instantly available that it is our duty to improve our minds by gathering as much information as possible about as many subjects as available.
Filling your head with a bunch of facts is a major waste of time and energy. Facts just slow you down. If Columbus had studied "the facts," he would have learned that the earth is flat, and he would never have set sail for America. He'd still be making salami in Genoa, and we'd all be celebrating Leif Ericson Day and wearing wooden shoes.
If even one of the Kardashians had mastered "the facts", they would have immediately seen that their lack of any conceivable talent rendered them totally unsuitable for television. They would be wallowing in obscurity, and we would be stuck with nothing to watch but "Masterpiece Theater."
Resolution No. 3: Avoid Responsibility
If you think the best way to get ahead at work is to take on as much responsibility as possible, think again. Sure, you can step up and become the team leader, but your chances for getting rewarded for what you accomplish are infinitesimal compared to your chances of getting blamed when your team screws up, which it inevitably will.
Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect | Mike Shedlock