Evidence that multitasking kills productivity but it does confirm something any honest guy knows:
Bottom Line: There is a book called “The One Thing” that a friend gave to Ashley and me. The point of the book is to demonstrate how we aren’t wired to effectively multitask. Generally speaking we’re much better off taking on one task at a time and executing it brilliantly before moving to the next. That philosophy is proven by a study published by
What’s more… Prior to the study the asked each person if they felt they were effective at multitasking. 70% of those who said they were effective were below average… So employer beware.
So do one thing at a time and do it well. You’ll actually be more productive.
Get ready for much lower gas prices:
Bottom Line: Everyone (but those who sell it) likes lower gas prices. The good news is the next leg lower is about to happen. Here are the positive catalysts:
So when you put it all together I’d expect to see about 18 cents per gallon come off the price you paid this week over the next 2 – 3 weeks.
If you're financing - buy that luxury home - mortgage rates:
Bottom Line: Gas isn’t the only thing that’s a bit cheaper than before. Yesterday mortgage rates briefly touched their lowest level in four months. Real time as I type this they’re a bit off of those lows but here’s a breakdown of what’s possible:
It’s the jumbo mortgage that I want to focus on. While I don’t believe you should look a gift horse in the house (pun intended) with a traditional mortgage… The opportunity for those who finance more than $417,000 it terrific. Jumbo mortgage rates are at their lowest level since early May right now. It’s remarkable that there isn’t any difference in the rate between the two loan types. I don’t believe that rates will be sub 4% again unless we enter a recession (which I don’t expect) so whether you need to refi or want to buy – locking in now make sense.
They're back! Institutional Real-Estate buyers:
Bottom Line: The big time investors got off the gas during the summer for the first time in a year and a half. The real-estate recovery was driven by the private equity firms and hedge funds for over a year. As prices rose and buying interest along with it, they took a step back this summer. After making up more than 20% of buying interest early in 2013, institutional buying dropped off to only 9% off all buying.
They’re now back. Institutional buying activity increased by 50% in September with 14% of a buying coming from the pros according to Realty Trac. What’s more… The top state for institutional activity was/is
Hey neighbor! What's your name?:
Bottom Line: So Trulia studied the state of our neighborhoods. What they found was how we’re a bunch of people living our own lives in the vicinity of others. Their findings:
So what that means is that of our two next door neighbors; we only know one the folks in one of those homes and only 3% of the time are we able to even identify what the name is of the other neighbor. What’s funny is that we like 67% of our neighbors so while we don’t know them or their names we generally like them. I guess that just means that we like not dealing with them?
Before Twitter comes public - Pinterest is already the next biggest thing:
Bottom Line: While many are interested in the Twitter IPO, we already are on the precipice of the next multi-billion dollar social network… Pinterest. An investment was just made for $225 million privately that leads to an implied value of $3.8 billion for Pinterest (based on the size of the stake for the $225 mill). The size of social media is staggering. Already we have these huge companies:
Btw, based on where Twitter is pricing its IPO… Twitter is being underpriced (perhaps
and will be set for a huge day one pop when it does come public.
Before you believe what you read on Wikipedia...:
Bottom Line: Wikipedia has never been a legit source for actual information. While generally information is more correct than not… It’s an open source encyclopedia in which almost anyone can alter the contents. For that reason false info is possible and does happen. In a few notable stunts, people have deliberately posted false info as a trap to capture lazy journalists who actually had used the site as source. That being said an MIT researcher looked into Wikipedia and found that the info on Wikipedia is prone to be the least reliable that it’s been since before 2007. He found…