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How to Live on 24 Hours a Day

A big, big thanks to Ryan Waggoner for recommending this excellent, short book.

Here's what Ryan has to say about it:

The title would have you believe it’s about time management, and it is, partly. But it’s also about living deliberately, and about why you should manage your time in the first place. It’s a very quick read, no more than an hour or so, but the principles in the book are incredibly valuable. - http://ryanwaggoner.com/2010/09/how-to-live-on-24-hours-a-day/

I'm a fan of Ryan's work and writing on productivity and habits, so I went and checked the book out. First, yup, it's easy to read in one sitting. Second, yes, there's a lot of good insights into why you should take control over your time.

Now, I'm a person does try to live my time, so you'd think I already have plenty of reasons. And I do. But the author of How to Live 24 Hours Per Day does a really good job of getting you into thinking about things the right way. Also, the book has some really funny English humor in there.

Hedge-Fund Managers Are Overpaid

On Time Is a Thief

Being overpaid is theft you can get away with. It would certainly be nice to be grossly overpaid for a change. According to Unigestion Holding SA, which invests $2 billion in hedge funds, nine out of ten hedge-fund managers are overpaid because management fees do not reflect falling interest rates. The fees, which still make up as much as 2 percent of a fund’s assets, represent a disproportionately high share of the total remuneration unrelated to performance, Nicolas Rousselet, head of hedge funds at Unigestion, told Bloomberg News in a phone interview on 11 Sep 2014.

According to a Deutsche Bank AG survey published in February 2013, the industry traditionally charges about 20 percent on performance and 2 percent on the total assets. The fees are coming down as investors paid an average 1.69 percent last year almost unchanged from 2012. Singaporean data provider, Eurekahedge Pte, said global hedge funds returned 8.6% in 2013 and 6.9% in 2012, compared with 10% to 21% in nine of the 11 years through 2010.

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