Post deleted by Mat Sklansky

[Taylor Caby]

blueman,
seems like an interesting read. my take on this type of book is that everyone can take SOMETHING from it, but few, if any, can get close to as much out of the book as the author seems to imply you should.

i'd love to spend less time doing menial tasks, that's for sure. however, i like working, and if i only had to do a couple hours of work a day i would be bored out of my mind. i suppose i could then work on other projects, but i think i'd be a little worried about overextending myself.

anyway, what does this guy do with the rest of his time? if i had other people to just hang out on the beach with all day long i would consider it, but it doesn't really seem like a viable long term plan.

i'll check the book, though.

tc

[Roswell]

Taylor-

Ferriss advocates freeing up all this time in order to take extended vacations to different parts of the world. Whenever he goes to a new country, he says he dedicates himself to leaning one "mental" skill and one "kinesthetic" skill. The mental skill is learning the language. The physical skill is something like dancing or martial arts (he claims to have become a tango champion in argentina and a kickboxing champion in China, both within three months of arriving.) So he's not sitting around on the beach all day; he's going to a new country and intensely dedicating himself to learning something new.

[qdmcg]

Blueman,

Props for the new "staking" business.

Question: Have you thought about whats going to happen when someone wins big and doesn't send money? ie, how this would effect profitability and making this venture worthwhile? Obviously you've had success so far, but, even with some screening, there's no way 100% of people are sending back final table money (imo, would love to be shown wrong).

Also, if this continued to grow do you think Stars would have a problem with a good % of the tournament's player pool being backed by one individual (wrt soft play, collusion, etc.)?

[kyleb]

mmb,

For what it's worth, I delegate most of my work to personal assistants. I have a maid, and outsource a lot of my work as well. The concepts he's talking about are fine, but they're the basic cornerstone in any successful business.

The author also claims he's beaten four MMA champions, but there's no evidence that he's ever done this. He makes a lot of spurious claims that are probably false, just like most "big-time" self-help books. That kind of [censored] annoys me, and it reeks of intellectual dishonesty.

[Tien]

Judging a book by its cover is the new way to criticize a book? You haven't read the book, you don't even know if the crap you googled up is 100% fact or not, nor do you know anything about the author to say anything about him.

[kyleb]

I don't need to read the book to see that multiple people have questioned his victories over multiple MMA champions, and the fact that he provides no good evidence that this is true. That's not something "reading the book" will help me with. Stop being an idiot.

[kyleb]

I don't mean to [censored] on his book, I really don't. However, the delivery that he uses on his blog (and in his book, at least the excerpts I have read) is very similar to Robert Kiyosaki. People have learned important concepts from Kiyosaki, despite the fact that he is basically a fraud and full of [censored] (much of his "legal" advice in his books is a good way to get indicted for tax evasion). I have no doubt that many people can be inspired by Ferriss and his works, but most of these types of self-help books are a bunch of crap.

[Tien]

So Kyleb, you essentially think the book is full of crap right?


Not really going to sidetrack this thread and get into an argument, I just want to know what your exact position is.

[qdmcg]

[ QUOTE ]
[ QUOTE ]
Blueman,

Props for the new "staking" business.

Question: Have you thought about whats going to happen when someone wins big and doesn't send money? ie, how this would effect profitability and making this venture worthwhile? Obviously you've had success so far, but, even with some screening, there's no way 100% of people are sending back final table money (imo, would love to be shown wrong).

Also, if this continued to grow do you think Stars would have a problem with a good % of the tournament's player pool being backed by one individual (wrt soft play, collusion, etc.)?

[/ QUOTE ]


These are good questions. I wish I had an intelligent answer for you. I do not. I don't have the faintest idea what would happen if somebody stiffed me for $100k. I also dont really know or care what Stars is going to think. IMO those are both good problems to have. A) one of my horses wins the million and b) im backing enough players for stars to have to take notice. These are good problems. I'll cross those bridges when I come to them. For right now, I really don't care if its +EV or not. Its profitable and i can control exactly how much im willing to lose and there is 0 chance i'll go into the red now, so its a freeroll. Its just something fun to do on Sundays instead of getting my own ass busted up, I can stake people and hope they run better than me. Its also a very cool way to practice TF on a very micro scale. I have two assistants lined up for next week and one guy building a website/tracking system for us...and all of them saying they'll help for free because they like the idea. Sounds good to me. Regardless of how it goes, its just practice for me...if it fails, these are all skills i can apply to lots of other things.

[/ QUOTE ]

ty for response, and I look forward to tracking your progress. Good luck with it!