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Wealth and Fitness Secret – Ratios - Rich Karlgaard - Innovation Rules -
Dec. 21 2010 | Forbes | Rich Karlgaard. Success is often a
matter of getting the ratios right. Business and investing success is
hardly possible without understanding ratios. Knowing the numbers is
important. But knowing the numbers in relation to other numbers will
make you a millionaire. You will see anomalies that others miss. I’ll
never forget a comment made by George Soros in July 2008, when oil was
$147.50 a barrel. A Goldman Sachs analyst had predicted oil was headed
to $200, but Soros knew better. Why? Because oil was already too
expensive compared to gold. At $147.50, oil was 1:6 the price of gold.
The normal ratio band is 1:10 to 1:15, said Soros. Either gold had to
rise, or oil had to fall. Because Soros could not see any inflation that
might drive gold higher, oil had to fall.
anomalies  base_rates  contextual_intelligence  fingerspitzengefühl  George_Soros  insights  jck  ksfs  lessons_learned  life_skills  metrics  moguls  pattern_recognition  proportionality  ratios  Rich_Karlgaard 
december 2010 by jerryking
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