The Truth about Education

“WE SIMPLY CANNOT sustain an economy based on innovation unless our citizens are educated in math, science and engineering,” said Microsoft Chairman Bill Gates, who recommended that the nation double its graduates by 2015. Gates testified on U.S. competitiveness before a Senate committee Wednesday on Capitol Hill.

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I travel and write on a popular forum started by the author of Rich Dad Poor Dad, Robert Kiyosaki, and I can’t believe the vast amount of ignorance towards basic education (and higher education). Many people of the forum believe that math, science and engineering are worthless in today’s society and argue that business is the “way to go”. They argue that they don’t need a public education or a college education to succeed and actually want to do away with advanced mathematics and science because they “don’t use them in the real world”. One guy actually said that schools should offer classes in critical thinking and common sense instead of advanced math and science. Really? I guess he will just invent the next microchip or vaccine using common sense while walking down the street. Last time I checked, mathematics is the sharpest tool for developing a critically thinking mind.

Too many of these people complain (or place blame) that society and the government wasted their time in school. Maybe so but I attended public school and graduated with a degree from college and never blamed anyone for wasted time because if I did waste anything; it was my own fault.

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You don’t need a college or even high school degree to become wealthy and successful but the country and human evolution needs educated people that can fuel the growth of the economy. Maybe some of these ignorant people just can’t see past their own false beliefs and fall prey to an author that continues to sell fear to make his own fortune. It’s easy to place blame on others for your own faults in life but remember that only you can change your path in life; educate yourself!

If it wasn’t for people that have acquired this advanced knowledge, some Rich Dad followers wouldn’t be writing on their computers on the World Wide Web by using a wireless router on a broadband connection while watching HDTV on a 60” flat panel LCD. They seem to forget that technology advances society and business can only succeed, grow and increase revenue by taking advantage of these technologies.

How can our society advance technologies if we eliminate the basic subjects in schools? We can’t have 100% business people and 0% intellects and inventors. Only so many people can run successful businesses if the country lacks intelligent minds that increase and develop future technologies. And education is the only way to develop these minds in the fields of MATH, SCIENCE and ENGINEERING.

Too many people on the RichDad forums talk down to these subjects and completely miss the point of human evolution. Without technology – you and I have NOTHING!

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What is technology?

Technology is a broad concept that deals with a species’ usage and knowledge of tools and crafts, and how it affects a species’ ability to control and adapt to its environment. In human society, it is a consequence of science and engineering, although several technological advances predate the two concepts.

Technology has affected society and its surroundings in a number of ways. In many societies, technology has helped develop more advanced economies (including today’s global economy) and has allowed the rise of a leisure class.

We use technology to control the world in which we live. Technology is people using knowledge, tools, and systems to make their lives easier and better. People use technology to improve their ability to do work and increase wealth.

Bottom line: I enjoyed the original book Rich Dad Poor Dad but I feel that Robert Kiyosaki’s latest books and herd of sheep are feeding on fear and false pretenses. I have argued in these forums that the same people who argue against basic education also make numerous spelling and grammatical mistakes in their writings. I pointed this out and they explained that they don’t have the time to check their spelling. Maybe they didn’t learn how to use a spell check (a simple technology) or they are just too lazy to care. Either way, I wouldn’t want to do business with them. Our education system could use a makeover but eliminating math, science and engineering would be devastating. The lack of promoting these subjects is already hurting us around the world.

Play Poker and Win $1,000,000 in Quality Links

I will be playing in the SEO Poker Tournament on Saturday March 24th at 9:00 PM GMT.

What if there was a way for you to win $1,000,000 or more worth in quality inbound links?

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Would you be interested? Would your clients be interested?

Because this, the 2nd SEO Poker Tournament, has the highest stakes imaginable in Search Engine Optimization, the Holy Grail of Ranking in Google, Yahoo, and MSN: Quality Inbound links with the anchor text of your choice.

There are many SEO factors that determine how well a page will rank: None are more important than quality inbound links. Instead of paying $100 to enter this SEO poker Tournament, you and every other player will ante quality inbound links. The winner of the tournament will receive all the links to their site with anchor text of their choice for a 1-year period.

Win Hundreds of Quality Links to Help You Rank
According to the Text Link ads Link Value Calculator, a home page link from SEO Black Hat is worth up to $2,354 per month or $28,248 per year. Imagine winning Hundreds of links to your website . . . just like that one! That’s what we are playing for in the 2nd SEO poker tournament.

Calpine Comeback?

I wrote a blog post about Calpine back on December 6, 2006 titled Super Speculation – Yes – Tips are for Suckers. The stock was trading at $0.97 and I highlighted multiple areas of accumulation on the daily chart. As I said then, I am not a bottom fisher for crappy stocks but I couldn’t get away from the obvious accumulation. I haven’t watched the market over the past week but to my surprise, CPNLQ is up over 50% in my portfolio as I did grab shares a lot higher than $0.97 ($1.31 to be exact). My position is very small as it was complete speculation but the stock still interests me as we head towards June and the big decision.

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I am not sure what will happen or if the stock can reach the $4 to $6 area that some hedge fund traders suggest or believe but I will tag along for the ride with these institutional investors.

*Warning: this stock is extremely speculative and this post is not a recommendation to buy or sell! Trade at your own discretion, especially in a stock like this!

Institutional Holdings and Activity:
Money Market: 25
Mutual Funds: 10
Other: 1

Shares Bought last Period: 18,524,253
Shares Sold last Period: 520,641

Shares held Previous Period: 4,958,647

Value of Shares Bought last Period: $29,083,077
Value of Shares Sold last Period: $817,407

Current Value of Shares held last Period: $36,050,747

As you can see, someone is accumulating some major shares in Calpine.

Here are the top five holders:
Steelhead Partners LLC.
Eaton Vance Floating Rate Portfolio
Calpers (California Public Employees)
Emanuel E. Geduld
Lehman Brothers Holdings Inc.

Thank you!

I wanted to take the time to thank everyone that has sent their support over the past week through this blog and through e-mail. It means a great deal to me to have my extended “web family” support me at such a low point in life.

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My father was great at everything he did, especially running his restaurants. He loved the market and traded them in since the 1970’s. He lost interest as the late 1990’s approached as the “technology stocks” never really meshed well with his strategy. I was first introduced to the market by my father and even helped him do some basic research when I was a teenager. I remember researching companies such as HP, MSFT, Intel and Oracle before going off to college. He taught me to buy as a stock was basing or catching support above the 200-d m.a. It was a simple strategy but one that works to this day. My father was also the first one to teach me about options although I have never really hit my stride (yet).

He will be missed as he always had a smile on his face and was one of the sharpest men I ever met. He could tell a joke or respond to anything faster than most but I’ll never forget how he could solve a math problem in his head with lightning speed and accuracy. He was the life of the party and that may have cut his life short but I can definitely say that he lived a fun and full 58 years. He would also ask me what is taking me so long to get back to doing what I do best. So with that, I will try to catch up with my newspapers and possibly start writing to the blog tomorrow.

Thank You Again!

Sad News

Hello everyone,
I wanted to take the time to let you know that my father, Dominic Victor Perruna – 58 yrs old, passed away on Wednesday, March 07, 2007 and I have been grieving with family. Things began about a week and a half ago when my father collapsed and was rushed to the hospital. They told him he had a really high blood sugar level and gave him medication and sent him home. He seemed to be doing ok until he suffered a massive heart attack around 8pm Wednesday night while taking his nightly walk with his two dogs. He was found by his 82 yr old mother (my grandmother). She called the paramedics, but they were unable to revive him.

Please understand that I won’t be posting to the blog until further notice. Thank you so much!

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Official Newspaper Obituary
PERRUNA, DOMINIC V.
March 09, 2007

Dominic V. Perruna, of Spring Valley, passed away at his home, March 7, 2007, of a massive heart attack. He was 58. Dom was one of the owners of the family business, Perruna’s Restaurant in Spring Valley. He is a past member of the Spring Valley Lions Club and the Rockland County Restaurant and Hotel Association. He attended St. Joseph’s School, Spring Valley Senior High and Pace University in White Plains. He is survived by his loving and devoted parents, Victor and Adele Perruna, his adoring sister, Lynda Haubner, his brothers, Victor J. Perruna, Tom and his wife, Doreen Perruna, and John and his wife, Lisa Perruna. His former wife and mother to his children, Patti Perruna, his loving children, Christopher and his wife Gisela Perruna, and Tina Perruna. He is also survived by many nieces, nephews, and three great nephews. Dom will be remembered always for his fun loving ways and his ability to tell a joke at anytime.