Title: A few of the things that they forgot to teach me at MIT
1A few of the things that they forgot to teach me
at MIT
- that I wished I had known about sooner...
2For examplethe origin of Buffalo Wings
- Q How many of you have wondered
- Why dont Buffalos fly?
- A Their wings are clipped and sold by
restaurants as appetizers! - Would you believe they were created at The Anchor
Bar in Buffalo, NY???
3How this talk came about...
- Stuart How about an Internet talk?
- Me How about a talk on charity?
- Stuart So how about a talk that people would
want to come to?
4Agenda
- Your money
- How to make it, how to keep it, how to give it
away - Your time
- Your business
- Your health
- Your family
- How to get the kids to do what you want
5Details
- On my website
- Type
- Steve Kirsch
- into www.go.com
6YOUR MONEY
7Best thumbs up investment
- EV1
- 42 mi range 3 hr recharge zero maintenance
- Faster than my NSX (0 to 30mph)
- 180 mph (in first gear)
- Very effective donation to our environment
- Anyone interested in helping change the laws for
ZEVs in HOV in CA
8How to consistently get a 60 average annual
return in the stock market
- Buy and hold
- 10 stocks max
- Microsoft, Cisco, Dell, Oracle, AOL, Sun, Intel,
...
9What your stockbroker doesnt want you to know
why trading stocks may be riskier than gambling
in Las Vegas
- Spreads
-
- Stocks are completely unpredictable over the
short term - YOU LOSE
10Company announces great earnings (above
expectations) but its stock tanks. Why?
- Who the hell knows?
- Market explanations are done AFTER the fact
11The two most important facts about the stock
market
- The market is always right
- Stocks go up when demand exceeds supply
12Why mechanical trading systems dont work
- Because Ive lost money in every proven, tested
system Ive tried
13How Steve personally made over 200 million in a
year
- 1) Infoseek went from 5 to 100 in little over a
year - 2) Having 6M shares didnt hurt either
14How to buy real estate for no money down
- Anyone seen those Carleton Sheets infomercials
(14 yrs on TV!)? - Do you think hes doing that to help you get rich
or him?
15Carleton Sheets, Tom Vu, Dave Del Dotto
- Few houses that you can buy with no money down.
Many areas have zero. - Assumable loan programs are disappearing.
- Buying houses and sticking renters in them is
really hard work and can be dangerous. Wait until
the first time you have a trashed house without
any money coming in to pay the rent.
16Get rich quick
- Outdated techniques
- No personal consultations without big
- Risk declining prop values, tenants leave
- Complex
- Cant get a loan from the bank
- Not enough detail on preparing offers
- Course is meant to appeal to uneducated with
little money
17Carleton Sheets
- He doesnt tell you The real money is in the
live seminars! The tapes are just a selling tool. - Think of 100 people in a room for two days that
paid 3,000 each. - 150,000 a day is more than you can make in real
estate
18Where are they today?
- President of Allen Club in Atlanta Jail
- Charles Givens dead
- Tom Vu 20/20
- Dave Del Dotto selling long distance cards
19A better charity alternative to private
foundations or donor-advised funds
- Supporting organization to a community foundation
- 1M and up
20Why it is better to donate to charity sooner than
later
- No tax advantages to giving after you are dead
- No personal satisfaction to giving after you are
dead - Giving can benefit yourself or your family
- deviated septumPresbyopiahair
lossSnoringLactose intolerancepsoriasisrecedin
g gumsnear sightedtorn ACLtype I
diabetesmacular degenerationringing in my ears
21Charitable investments that could save the world
- Asteroid identification
- Nuclear disarmament
22How to donate to charities when your stock is
locked up
- You can typically donate the stock, but the
charity cant sell it - Charity can short the stock
- Allows you to give charity lots more money AND
gives you a bigger writeoff - Typically done through a community foundation
23How to give intelligently
- Figure out the areas important to you
- 20 different criteria
- Fund people, rather than projects
- See my website for details ...
24How to legally avoid paying capital gains taxes
forever
- Always sell at a loss
- Donate the stock
- Die
- A complicated technique...
25How to precisely value Internet companies
- Finallyfor the first time...the secret formula
revealed - Say someone asks
- Is Yahoo overvalued?
- You say...
- Well If you have to ask, you just dont get it,
do you?
26Some of my other really cool toys
- Panasonic digital phone system FLASH
voicemail/attendant - Dragon NaturallySpeaking Mobile
- Harman/Kardon Take Control
- Covad DSL
- Tek 840/DP printer
- Runco rear projection TV
- Miele washer/dryer
- Vantage lighting control
- Audio Ease Monaco
- Wolf FlashBake
- BlackoutBuster
- Mouse Systems optical mouse
- Dual Pentium NT system with 4 OSes
- SGI 1600SW flat panel
- Sony DCR PC-1
27YOUR TIME
28A tour of the high roller villas at the Bellagio
how the other half live
29Fastest way to search the web
- http//express.infoseek.com
- Best way to index your site
- Ultraseek server
- http//software.infoseek.com
30YOUR BUSINESS
31Do you have what it takes to start a company??
- Q Why are most startup companies started by
mediocre people? - A The really smart ones know better!
- So if you rely on Dogberts Management Handbook
for advice, you probably qualify
32How to recruit really good people
- Take your time
- Network
- Advertise in places where great people NOT
looking for jobs would be - Java Search Engine
- Big Fast Index (Python, C)
- Personal assistant
- Managing director for my charitable foundation
33How to tie a tie
- Whats the right length?
- How many loop around your neck inside-out?
34Two courses everyone should take after they
graduate from college
- Presentation skills
- Negotiation skills
- Surveyhow many have taken these?
35How to get your web page to the top of the search
results page
36The single biggest mistake you can make when
starting or running a company and how to avoid it
37How Steve made 10 million for his second startup
company as a result of attending a 4 hour free
course taught at a hotel
38How to sell 30 worth of lemonade in only 20
minutes on the Stanford campus and how it relates
to commerce on the Internet
39The most important skill for success in the real
world isnt taught at MIT, but thats starting to
change
40How to get higher status frequent flyer
privileges even when you dont have the miles to
support it
41YOUR HEALTH
42Your hair
43Medical collaboration
- Myth all these medical researchers help one
another and build upon each others work - Reality
- Highly competitive
- People out to discredit others and promote their
own ideas - Collaboration is interdisciplinary or
university/commercial
44How to avoid being a casualty of our medical
system and receive premium, high quality medical
care
- Ask!
- Befriend a doctor
- Research find the best
45You spend a third of your life in bed what you
need to know about sleep
- Survey How many people average hours/night?
- James Maas, Power Sleep
- 8 hours, most important is at the end
- Chocolate
- dairy products and lactose intolerance can make
your night miserable
46This means that
- Most students are learning while they are
impaired - They dont know it because it is unlikely they
would have learned it anywhere - Having Maas give his entertaining 1 hour talk on
sleep on sleep at MIT is a simple act that could
make a substantial impact on the effectiveness of
an MIT education
47How cancer and AIDS may someday save your life
- Cancer cells dont age and divide fast
immortality? - AIDS isnt attacked by the immune system so can
be useful in gene therapy
48A charitable contribution to research that may
save millions of lives, win the Nobel prize, and
make millions of dollars to boot.
- Targesome
- Agreed to donate all profits to charity
- Ironic IRS wont let me donate money to this...
49Protecting your jewels
- NSV vs. regular vasectomy
50How to save your marriage
51YOUR FAMILY
52My best personal investment (it was 15,000 and
its more than paid for itself already)
- Kodak DCS-520 digital camera
- Check out the sample on my web page
53(No Transcript)
54How to get your kids to always finish their meals
and go to bed on time
- Id love to explain this, but Im out of time...
55 56My personal notes
- Im on the board of 6 non profits if you count
Infoseek - Revenue and daily pageviews are same
- how many came for how to get your kid to do ..
this? Ill save it for last.