In yesterday’s post, I discussed how I am using MoneyVidya site to experiment and rate my investment decisions. I discussed one of my objectives of comparing long term investing with short term stock picking. I am attempting to push myself and show my readers that I am not running away from responsibility. I expect to continue on as long as the site has ability to meet my long term investing philosophy. As of today, it meets my objectives.
I joined MoneyVidya Blog Network and agreed to publish guest post or re-post some of my articles on their Blog Site. I wanted to collect some data to understand whether it has any benefits to me. I believe that an independent data set should speak (rather than me proclaiming hypothetical scenarios). I now have something to discuss with my readers.
Initially, I was very skeptical of this approach. I was under the impression, why should I share my articles on their network. Why should I let them take credit for my articles? So I said I will join as an experiment and see what happens. Continue reading rest of this article…
Bloggers and Blogopreneurs Debate
Across many other blogs, I am observing that entrepreneurism is being associated with (or related) to the personal risk and/or risk of invested money. There is a fundamental flaw in the chain of thinking. And this fundamental flaw comes from our misunderstanding of the true meaning. We take the literal meaning of the definition and fail to put entrepreneurship in proper context.
The central premise of entrepreneurism is about “risk of the idea”. The risk is associated with whether the idea solves any problem, how that idea can be executed, whether a business model can be derived out of it, or whether it can be sustained profitably. The basis of entrepreneurship does not stand on pillar of personal risk and risk of capital. These two aspects are just the enablers or facilitators. They do not, cannot, and will not drive entrepreneurship. If that were the case, then all angel investors and venture capitals would be called entrepreneurs. Buffett takes personal risk and capital risk by putting money into companies (many times distress and depressed companies), he should be called entrepreneurs! Do we call them entrepreneurs?
Continue reading rest of this article…