Notes from Investor Manifesto

The stock shareholder is last in line to receive payoff. This is risky and hence deserves the higher return on average than that earned by bondholders, who get their money first.
Diversification over different kinds of stocks asset classes works well over the years and decades, but often quite poorly over weeks and months.
For estimating future returns, rely only on interest and dividend payouts and their growth/failure rates and NOT on historical data.
Home ownership is not an investment. It is a consumption item and it always costs more than renting after taking into consideration taxes and maintenance.
Performance comes and goes but fees from actively managed funds are forever and cannot be surmounted even over long run.
Investment Definition: The deferral of current consumption for future consumption.
A balanced portfolio consists of significant allocations of both stock and bonds.
Nations with the most rapidly growing economies often have the lowest stock returns. In many developing markets, government does not protect shareholder as well as in nations with more established legal systems.
Regard yourself has an average when buying or selling and consider who you are trading against.
Do not trade with any mutual fund that is owned by a publicly traded parent company- Sooner or later the profits for these companies must be paid by its customers.

Computer Software Generation

- new() replaced with Factory.
- Replaced with Dependency Injection
- Replaced with IoC container
- Augmented by XML Configurations
- Supplemented by @nnotations

Value averaging technique

Establish a target amount for each period (example shown is every month) based on your risk tolerance. Adjust your contribution every month according to the value of each each allocation. Increase allocation if the value of a category has fallen and decrease allocation if the value of a category has increased.
Bonds - (VBMFX(BND),VBISX(BSV),VFSTX(VCSH),VFISX(VGSH),VIPSX)

Stocks - Large Blend (VV) Small Blend ( VB)

MONTH	Bonds 30% (VGLT,BND)	US Large Market 10% (VUG)	US Small Market 9% (VBK)	US Large Value 10%(VTV)	US Small Value 10% (VBR)	REITS 4% (VNQ)	Foreign Developed Large Markets 5%	Foreign Developed Small Markets 4%	Foreign Developed Large Value 4%	Foreign Developed Small Value 4%	Foreign Emerging Large Markets 5% (VWO)	Foreign Emerging Small Markets 5%(VWO)
JAN	125	41.6	37.5	41.6	41.6	16.66	20.83	16.66	16.66	16.66	20.83	20.83
Feb	250	83.2	75	83.2	83.2	33.32	41.66	33.32	33.32	33.32	41.66	41.66

Things to learn in college

Apart from focusing on getting good grades, start getting out of classroom and network and start working for people to build a solid portfolio. Decide on what kind of work you like and start telling people about it.

Purpose of College aside from gaining knowledge:

 - A degree (as in, formal title; it may come in handy)

  - Access to expensive/difficult to get equipment e.g. a piece of custom hardware

  - Access to people who know some particular area inside out

  - All the smart people who study at the university - there won't be  any other chance to meet so many amazing people and maybe build something Amazing with them, and then keep contact for the future.

  -  College demonstrates a variety of soft skills: time management, the ability to plan and meet deadlines, the ability to work on what's necessary when it's necessary, a willingness to suck it up and do some necessary drudge work, etc.

  - Cheaper tickets and many other discounts.
- A place to forge out on your own in a semi-protected environment, somewhere to learn the art of making friends, of meeting people, and somewhere to discover what you want to do in life.
- an undergraduate degree is also a framework for developing into an independent adult.

Nurturing Kids

A kid, who has been protected and habitually given whatever he wanted, would develop "entitlement mentality" and would always put himself first. He would be ignorant of his parent's efforts. When he starts work, he assumes that every person must listen to him, and when he becomes a manager, he would never know the sufferings of his employees and would always blame others. For this kind of people, who may be good academically, may be successful for a while, but eventually would not feel sense of achievement. He will grumble and be full of hatred and fight for more. If we are this kind of protective parents, instead of showing love we are actually destroying the kid.

You can let your kid live in a big house, eat a good meal, learn piano, watch a big screen TV. But when you are cutting grass, please let them experience it. After a meal, let them wash their plates and bowls together with their brothers and sisters. It is not because you do not have money to hire a maid, but it is because you want to love them in a correct way. You want them to understand, no matter how rich their parents are, one day they would also grow old. The most important thing is your kid learns how to appreciate the effort and experience the difficulty and learns the ability to work with others to get things done.