James Altucher

Discussion in 'Stock Market Forum' started by kgord, Aug 21, 2015.

  1. kgord

    kgord Senior Investor

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    He is a major Hedge Fund manager and one who has been in the business world for many years. He claims to have started 20 buinesses although 17 failed. He has written 12 books on business his USA Today named his book "Choose Yourself" among the 12 Best Business Books of All Time.[SUP][8] according to wiki. I am wondering if he is going to be the new Buffet. He is working hard at it it seems. Has anyone ever heard of him?[/SUP]
     
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  2. Hyperion

    Hyperion Well-Known Member

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    Yeah, he runs a blog I used to read. "Next Buffet" is a pretty tough climb to make. "Mini-Buffet" maybe, but he is probably a bit behind him in terms of age\net worth rate. I know he has suffered from terrible depression and suicidal thoughts, and used to write a lot about that. Maybe he still does, but I stopped reading when my worldview started to drift away from his.
     
  3. petesede

    petesede Guest

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    um.. he created 20 companies in 30 years? That is a bit of OCD and lack of concentration if you ask me.. and 17 of them failed already... well that sounds a lot like Trump. I am not sure I would trust anything he would say.. for $50 x 20 ($1000) I also could start 20 companies, and probably have a higher success rate.
     
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  4. norms options

    norms options Well-Known Member

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    I have heard a little bit about him, and I am not impressed with what I do know. His theories are not really groundbreaking, it is just about the type of person you are. He is a motivated individual who seems to enjoy working and seems to be fairly knowledgeable about the markets. This makes a nice combination and has allowed him to achieve a good amount of success, but he does not strike me as someone I would drop everything to follow his methods.
     
  5. Onionman

    Onionman Senior Investor

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    I familiar with the name. He writes some very insightful stuff on LinkedIn, some of which I copy-pasted and kept in a separate word file. It's always important to listen to the perspective of those that have been there, done that. And he's very candid about the times that he has failed and made a mess of things, which is healthy, in my view.
     
  6. Hyperion

    Hyperion Well-Known Member

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    Yeah, I agree with Onionman (nice onion, btw). He is open about his failures and how he has recovered from them and his depression. He seems like a decent, honest fellow with some good ideas. I wonder what 20 companies petesede could open with $1000? I'd like to see that list. Not saying you can't, but I would like to know.
     
  7. petesede

    petesede Guest

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    It takes about $50 to incorporate. My point is that if you are starting that many companies you are putting no effort into actually planning them or running them.

    I could start a mail-order onion website and be incorporated for $50..I could do the same with celery.... etc etc.

    boasting about the number of companies you started is meaningless and embarrassing, especially when you are trying to use it as a bragging right. Great.. so let me see if I can guess what you can teach by your 20 failuers ´ remain focused ´..´ plan and study the market before entering ´.. ´commit to your business´. Filling out some legal paperwork and abandoning the project shortly afterwards 20 times does not really give you any valuable business experience that should be listened to by anyone else. You aren´t going to get much marriage advice from someone who has been married 20 times for a year.
     
  8. ScooterBrandon

    ScooterBrandon Senior Investor

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    I knew I remember that name but had to google him.
    He's the guy I recall having some great points about not going to college and modern entrepreneurship.
    He's not the next buffet, but he's interesting.
     

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