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The Worlds Greatest Download

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Value Investing is the strategy employed by the world's greatest investor and also the second richest man in the world, Warren Buffett. I was first inspired by Buffett's ability to make money in the markets when I read a book that was written about him in 1993. I was so amazed by this man not just because he was worth US$52 billion (just US$4 billion behind Bill Gates), but because he made all his money without selling a single product or service. He made his fortune purely through investing in stocks.



From a very early age young, Warren Buffett was obsessed with making money and had a very clear dream of becoming the world's greatest investor. Born during the depression when his father was close to bankruptcy, Warren learnt about the value of money and the importance of being financially secure at an early age. Even before his teens, Warren knew that he wanted to be rich, very very rich. As early as elementary school and later on in high school, he would tell his classmates that he wanted to become a millionaire. before the age of 35 (when he turned 35, his net worth exceeded US$6 million). Inspired by his dream, he started researching on the secrets of wealth creation.

Through his readings, he found and memorized a book called 'Thousand Ways to Make $1,000'. At the age of six, he started buying coke bottles at 25-cents per six-pack and selling them at 5-cents a bottle, giving him a 16% gross profit, as he would tell himself. At the age of 13, he got a job delivering newspapers and through innovative marketing and distribution strategies, he served five hundred customers a day (he hired the other neighbourhood kids to do the delivery for him).

At the age of 11, he took all his savings and started investing in the stock market. His first investment was three shares in a company called 'City Service'. While most kids his age were reading comic books, Warren spent his time reading company annual reports. By the age of 14, he invested in pinball machines, which he installed in restaurants all over his town. He was earning US$175 a week, as much as the average 25-year old was earning in 1944. Warren later mastered the art of investing by modelling two of the world's greatest investors during his time, Benjamin Graham (the father of Value Investing) and Philip Fisher (the father of Growth Investing). By combining the ideas of both geniuses and further refining them, Buffett has become the most powerful investor in the world!

Over a number of years, I read almost every single book written about him as well as his annual report to his shareholders, where he reveals his secrets and strategies for finding stocks that will consistently beat the market over time. It was through modeling Buffett's mindset and strategies that I developed my own strategy for 'Value Investing'. I have found that with Value investing, you can expect to achieve compounded annual returns of 15%-25%. At this rate, your money would be doubling every three to four years.
The Worlds Greatest Download
As a lifelong runner, master's and senior competitor in track and field, I have read hundreds of stories on training techniques.

These same hundreds of stories generally dealt with addressing specific aspects of training.

It was not until I bought and read "Running, The Lydiard Way" that training philosophy became more important than individual workouts to achieve specific results.

Lydiard was New Zealand's top marathon runner before his runners burst on the scene in the 1960 Rome Olympic Games.

Murray Halberg won the 5000 meters and became a sub-four-minute miler who went on to set a string of world records. Peter Snell won the 800 meters. Snell would win both the 800 and 1500 meters at the 1964 Tokyo Olympics, and John Davies would earn the Bronze medal in the 1500.

When Lydiard went to Finland to change the fortunes of its running program, the result was that Lasse Viren won the 5000 and 10,000 meter double at both the 1972 and 1976 Olympic Games.

It was the influence of Lydiard that led New Zealand to create the first organized jogging group in the world.

Bill Bowerman, the University of Oregon's legendary coach, went to New Zealand to see what Lydiard was doing and returned to create the jogging craze in the United States.

Arthur Lydiard's basic theory was that long, even-paced running at a strong speed increases strength and endurance, even when it is continued close to the point of collapse; it is beneficial, not harmful, to regular competition.

It is hardly a stretch to suggest that Lydiard's influence has made him the greatest coach ever. No less of a coach that Bill Bowerman said in his book, "Coaching Track and Field", that "there is no better distance coach in the world (than Arthur Lydiard)."

After reading and studying Lydiard's book (written with Garth Gilmour), I condensed the following training philosophy of Lydiard's system and continue to study and use it today:

Arthur Lydiard on Running:

Aerobic exercise is 19 times more economical than anaerobic exercise.

A daily program of sustained running is essential to achieving correct respiratory and circulatory development. The longer the periods of running, the better the results of the sustained effort will be.

You should understand that it is the speed of the running that stops you, not the distance. Running that breaks the even passage of time and distance is anaerobic, not aerobic, and it must be avoided.

All this running must be steady and even, at a pace that leaves you tired at the end, but knowing you could have run faster if you had wanted to. In other words, you should be pleasantly tired.

Your aim is to find your best aerobic speed over the various courses. If, during any of these runs, you find you have to ease back a little to recover, you will know that you have moved into the anaerobic phase. This is neither economical nor desirable.

Continual creation of large oxygen debts by doing anaerobic training accumulates:

1) lactic acid and other wastes

2) upsets the nutritive system

3) reduces the benefits of vitamins

4) reduces nourishment from food

5) disrupts enzyme functions

6) slows recovery

7) makes further training difficult

8) upsets the nervous system

9) makes you disinterested and irritable

10) induces insomnia and low spirits

11) endangers your general health

12) makes you vulnerable to injuries and illness.

My most frequent admonition to athletes and coaches is: train, do not strain.

Running is without question the best exercise for runners, and provided you watch the degree of effort, you can not really do too much of it.

Once you are moving freely over the shorter runs, you should move into one or two longer runs each week to maintain the improvement and build confidence in yourself.

The anaerobic stage of your preparation should only be tackled after you have developed your aerobic capacity and maximum steady state to the highest possible levels. Four weeks of hard anaerobic training is usually enough.

Do not let age deter anyone from tackling long mileages, as long as the individual is happy about it and exercises carefully.

Running, I repeat, is the best exercise for runners, and the more you do in a balanced aerobic-anaerobic ratio according to this overall system, the better you will be.

If you do not understand the difference between aerobic and anaerobic running and other terms used here, you could buy Lydiard's book and learn the difference.

Lydiard's work is a textbook not only on his philosophy of running but also on the physiology of exercise.
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About Author
Both Adam Khoo & Ed Bagley are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Adam Khoo has sinced written about articles on various topics from Recreation and Sports, Web Development and Computers and The Internet. Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his millionaire investing secrets and claim your FREE bonus chapter of his latest bestselling book 'Secrets Of Millionaire Investors' at. Adam Khoo's top article generates over 90500 views. to your Favourites.

Ed Bagley has sinced written about articles on various topics from Disease & illness, Promotional Advertising and The Republican Party. Ed Bagley's Blog Publishes Original Articles on Current and Past Events with Analysis and Commentary on Movie Reviews, Sports, Lessons in Life, News and Comment, Jobs and Careers and Internet Marketing intended to Delight, Inform, Educate and Motivate You. Ed Bagley's top article generates over 1220000 views. to your Favourites.
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