Comments on: People will usually trade equity for peace of mind … http://7million7years.com/2008/05/16/people-will-usually-trade-equity-for-peace-of-mind/ How to make 7 million in 7 years ... Fri, 19 Mar 2010 07:08:10 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: AJC http://7million7years.com/2008/05/16/people-will-usually-trade-equity-for-peace-of-mind/comment-page-1/#comment-1056 AJC Fri, 16 May 2008 17:31:07 +0000 http://7million7years.wordpress.com/?p=157#comment-1056 @ Tim - What do the Chinese call Chinese Food? Food! Similarly, what do 'we' call Contrarian Logic? Logic! ... because, it IS logical ... the 'contrarians' are actually the majority who apply emotion INSTEAD of reason - to me, emotion and reason are the Yin and Yang of investing ... you need to apply them together. @ Tim – What do the Chinese call Chinese Food?

Food!

Similarly, what do ‘we’ call Contrarian Logic?

Logic!

… because, it IS logical … the ‘contrarians’ are actually the majority who apply emotion INSTEAD of reason – to me, emotion and reason are the Yin and Yang of investing … you need to apply them together.

]]> By: Tim http://7million7years.com/2008/05/16/people-will-usually-trade-equity-for-peace-of-mind/comment-page-1/#comment-1057 Tim Fri, 16 May 2008 16:36:27 +0000 http://7million7years.wordpress.com/?p=157#comment-1057 I think one of the major obstacles towards not getting this contrarian logic is that when most people think of increasing their income, they automatically think about increasing their salary. I think it takes a seismic shift in thinking to begin thinking about in the way of leveraging for real estate and innovative business investment. After reading "Get Rich, Stay Rich" (I believe recommended on your site or somewhere else), I finally understand the need to move away from working harder in a salaried job and saving money (primarily through 401 K, Roths, and Pension), toward ownership and control of investments via real estate and business start-up and innovation. I think the need to keep pounding this home is the special insight you continue to offer that those other saving/investing blogs do not. Keep up the good work! I think one of the major obstacles towards not getting this
contrarian logic is that when most people think of increasing their income, they automatically think about increasing their salary. I think
it takes a seismic shift in thinking to begin thinking about in the
way of leveraging for real estate and innovative business investment. After reading “Get Rich, Stay Rich” (I believe recommended on your site or somewhere else), I finally understand the need to move away from working harder in a salaried job and saving money (primarily through 401 K, Roths, and Pension), toward ownership and control of investments
via real estate and business start-up and innovation. I think the need to keep pounding this home is the special insight you continue to offer
that those other saving/investing blogs do not. Keep up the good work!

]]>