Tuesday, September 15, 2009

Challenge - Day 1

I see Thomas came in at the final hour and Vikram only just realised it started today.

I have been chatting with a few people at work about the challenge, to some the challenge seems too hard to others too easy, and they would like to make it into a race with a prize.

I think 100% profit is only difficult to the extent of the amount of time you have never thought about doing something like this before.

As a student and/or employee you are rarily asked to take your own money and put it to work for yourself, the only person who can really ask this is yourself, and if you are under the impression you don't have money to begin with, then starting with a small amount like 1 penny or 1 pound should help.

I guess the saying "it takes money to make money" comes into play at some point, I am not trying to disprove this, just in a small way question people's thought processes. The initial seed for any given target is important to the context of the current challenge and to the challenge/game itself.

But what is infinitely more important is the participant in the challenge and the ideas and strategies that they come up with and the thought processes behind their approach.

Quote... "Give a man a fish and he can eat for a day, teach a man to fish and he can eat forever..."

As to changing the format into a race, and a prize - That is less interesting to me. If people do it faster that's great!

The prize is you can do whatever you like with the money you have made, you can carry on doubling to 1 million or more, maybe who knows... But hopefully we will all have achieved is the knowledge that it can be done and you have done it. If you loose it all you can confidently start again (and maybe do it even better/faster next time).

1 comment:

  1. roger,

    this is one of the best things i have read, in may be the last few months....

    keep it up....

    i will let you know about my updates on this.

    Also i would want some one else to join this challenge....