Start Up Blog

The most important startup

Posted in entrepreneurship by Steve Sammartino on October 16, 2009

I am incredibly happy with the following things:

- My relationship with my family (immediate and wider family)

- The state of my health. I fit and well enough to enjoy, people life and exercise.

- Where I live. Yarraville, Melbourne, Australia. In fact so much so that I evangelize it.

- My house. A beautiful little renovated Edwardian, not big but it’s just right for me and my wife.

- The state of my country Australia. It allows us to practice any religion / or not and live a free life with opportunity.

- How I invest my spare time. I like surfing, gym and mountain bike riding.

- The fact that I am continuing a vocation of learning.  Both in life and academically in my areas of interest.

- The work I do. Running rentoid.com teaching at Melbourne University and writing this blog.

If any of these parts of your life aren’t right. If we are not quite happy with them, no less totally unhappy with them. Then this is the most important startup we can focus on. The start required to change it. Start today.

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Quote from Warren Buffett

Posted in entrepreneurship by Steve Sammartino on September 1, 2009

Here’s a quote for Warren Buffett - who has been consistently among the few richest people in the world for the past 20 years or so.

“To invest successfully over a lifetime does not require a stratospheric IQ, unusual insights, or inside information. What’s needed is sound intellectual framework for making decisions and to keep emotions from eroding that framework.”

buffett-cartoon

Firstly let’s define investing as something which we we see as worth putting a consistent effort into to achieve a long term result.

So it is fair to say we invest in many things such as family, health, finances and business ideas. The key interpretation from the above quote is that it’s not about being an intellectual guru, rather our success will be a function of having a robust framework to work towards. That this information is available to everyone, and if we have to the discipline to stick to it our investments will yield results far beyond our expectation.

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