A few of the things that they forgot to teach me at MIT

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A few of the things that they forgot to teach me
at MIT

• that I wished I had known about sooner...

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For 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???

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How 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?

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Agenda

• 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

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Details

• On my website
• Type
• Steve Kirsch
• into www.go.com

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YOUR MONEY
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Best 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

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How 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,
  ...

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What 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

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Company announces great earnings (above
expectations) but its stock tanks. Why?

• Who the hell knows?
• Market explanations are done AFTER the fact

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The two most important facts about the stock
market

• The market is always right
• Stocks go up when demand exceeds supply

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Why mechanical trading systems dont work

• Because Ive lost money in every proven, tested
  system Ive tried

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How 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

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How 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?

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Carleton 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.

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Get 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

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Carleton 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

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Where are they today?

• President of Allen Club in Atlanta Jail
• Charles Givens dead
• Tom Vu 20/20
• Dave Del Dotto selling long distance cards

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A better charity alternative to private
foundations or donor-advised funds

• Supporting organization to a community foundation
  
• 1M and up

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Why 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

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Charitable investments that could save the world

• Asteroid identification
• Nuclear disarmament

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How 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

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How to give intelligently

• Figure out the areas important to you
• 20 different criteria
• Fund people, rather than projects
• See my website for details ...

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How to legally avoid paying capital gains taxes
forever

• Always sell at a loss
• Donate the stock
• Die
• A complicated technique...

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How 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?

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Some 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

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YOUR TIME
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A tour of the high roller villas at the Bellagio
how the other half live
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Fastest way to search the web

• http//express.infoseek.com
• Best way to index your site
• Ultraseek server
• http//software.infoseek.com

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YOUR BUSINESS
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Do 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

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How 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

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How to tie a tie

• Whats the right length?
• How many loop around your neck inside-out?

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Two courses everyone should take after they
graduate from college

• Presentation skills
• Negotiation skills
• Surveyhow many have taken these?

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How to get your web page to the top of the search
results page

• Pray

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The single biggest mistake you can make when
starting or running a company and how to avoid it

• Hiring the wrong CEO

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How Steve made 10 million for his second startup
company as a result of attending a 4 hour free
course taught at a hotel

• Negotiation skills

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How to sell 30 worth of lemonade in only 20
minutes on the Stanford campus and how it relates
to commerce on the Internet
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The most important skill for success in the real
world isnt taught at MIT, but thats starting to
change

• Interpersonal skills

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How to get higher status frequent flyer
privileges even when you dont have the miles to
support it

• Ask!

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YOUR HEALTH
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Your hair

• Propecia

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Medical 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

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How to avoid being a casualty of our medical
system and receive premium, high quality medical
care

• Ask!
• Befriend a doctor
• Research find the best

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You 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

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This 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

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How 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

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A 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...

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Protecting your jewels

• NSV vs. regular vasectomy

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How to save your marriage

• Somnoplasty vs. LAUP

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YOUR FAMILY
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My 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

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How 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...

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My 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.