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Wall Street Oasis » Blogs » Edmundo Braverman's blog
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What Do You HAVE To Accomplish?
 

Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,358
 
Points)
 on 7/4/12 at 7:30am
accomplishments.jpg

Andy note: "Best of Eddie" - while Eddie is on vacation we're throwing up some of his classic posts from the past. This one is originally from Nov. 2010 . If there's an old post from Eddie you'd like to see up again shoot me a message.

Yesterday's post about Back-Door Mark struck a chord with a lot of you, and you brought up some interesting things in the comments. Several of you didn't find Mark's life choices appealing, and that's not surprising on a forum designed for achievement-oriented bankers. It made me look back and wonder if the 21-year old Eddie would consider the 41-year old Eddie a success. Based on my definition of success and all the things I wanted to accomplish back then, I had to admit that he probably wouldn't. But you know what? Fuck him.

I saved a drowning woman 15 years ago. It wasn't a big, heroic thing. It was more of a right place, right time kinda deal. But I think most people would rank that sort of thing pretty high on their list of accomplishments. I adopted a couple kids from a Siberian orphanage. Again, not a big deal; it was the right thing to do and the right time in my life to do it. I was the tactician aboard the 76-foot yacht that won the 2001 America's Schooner Cup. I even had a pornographic magazine write a cover story about me recently, and I have you guys to thank for that. Still, am I the billionaire hedge fund manager my 21-year old self expected me to be at this point? Not by a long shot.

Just because I'm not a billionaire hedge fund manager doesn't mean that you won't be at my age, if that's what you really want in life. I would just submit to you that what you really want in life is going to change quite a bit as the years fly by. With that in mind, I'd like to propose an exercise.

Your Homework Assignment for the Day

This is something I did back in 1996, and I've mentioned it a couple times on the site. At some point today when you have a few free moments (yeah, right!), take out a notebook and write out a life plan. It doesn't have to be anything elaborate or detailed. Break it down into categories of one year from now, three years from now, five years from now, 10 years from now, 20 years from now, and lifetime expectations.

I'm not really interested in the short term stuff for the purposes of this exercise, but it's good to have it because it keeps you focused. What I'm really interested in is the 5, 10, 20-year and lifetime expectations. Trust me, you'll be glad you took the time to do this. When you're my age it's great to have a record of where your head was at this age.

What do you absolutely have to accomplish in life to consider yourself a success by the time you hit middle age? Do you want to have a family? Lots of people consider that an accomplishment. Do you want to own a company, or be a BSD on the Street? Be sure to quantify exactly what that means to you. Where will you live? What will you own? What's your annual income and overall net worth at each different stage? It doesn't hurt to dream big here, as long as it's something you really want.

Believe me when I tell you that Back-Door Mark was living his dream. It might not work for a lot of you, but he was exactly where he wanted to be. And I've seen people do far worse.

Finally, econ asked me the following in the comments yesterday:

econ:

Hey Eddie, how do you feel about it looking back over all these years? Are you happy with how things played out, or do you sorta wish you would have went "Back-Door" Mark style instead?

To this I can only answer...yes.

I live a charmed life, and I'd never claim otherwise. Luck has been a huge asset to me over the years, but remember, luck favors a prepared mind. Today I live a mostly stress-free life in one of the world's great cities, I have a great family, close friends, and thanks to WSO, I have a connection to some of the brightest and funniest young minds that guys my age don't normally have an opportunity to interact with.

Of course, whenever I pass a rowdy bar at happy hour on my way home to a quiet evening with the family (or maybe not so quiet if the kids decide to be a pain in the ass), I can't help but think about guys like Back-Door Mark who don't have anywhere they have to be or anyone depending on them. You can't help but see the appeal in that lifestyle sometimes. I think that's only natural.

But now I'm interested in what you guys think. I'm dead serious about this too, because it will make a difference to you later in life.

What are the things you have to accomplish for you to consider yourself a success at, say, age 40? What are the things you want to accomplish by then, but don't necessarily have to? What are you doing to make those dreams a reality? Finally, how will you deal with it if you don't accomplish those things?

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Tags:
  • Life
  • pretty
  • success
  • jim zwerg
  • human interest
  • bankers
  • didem
  • accomplish

Comments

LetsGoSailing's picture

Great post yesterday, Eddie,

LetsGoSailing
     
 
(Monkey, 60
 
Points)
 on 11/18/10 at 7:50am

Great post yesterday, Eddie, and perfect exercise today. At 52 now, I regularly look back at an "obituary" I wrote for myself in my 20s. It's truly amazing the things that I've accomplished as I projected, and more amazing are the things I thought would be important then that today I have no regrets having not accomplished. Run hard, monkeys, but toward your dreams, not what someone else tells you that's important.

I just returned last night from a 10 day quick-trip to Belize. Two types of tourists where on the islands: 20-somethings having a great time trying on life dancing in the sand and 70-somethings shuffling along the beach wondering why they waited so long to finally go on the trips they worked 50 years to "earn". Again, run hard, but play hard, too. There's nothing wrong with throwing a swimsuit and a pair of flip flops in a bag and being Back-door Mark for a week...pick an island and add adventures to your resume.

Don't just ponder work goals, also search for what excites you...

A good friend will come and bail you out of jail...but a true friend will be sitting next to you saying, "Damn...that was fun!"

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AfricanBanker's picture

As always Ed that's some real

AfricanBanker
      O
 
(Senior Chimp, 28
 
Points)
 on 11/18/10 at 8:51am

As always Ed that's some real shit. I'm definitely going t doo the homework. I'm always rolling with the punches in life, well I do have certain goals ( like owning a Hedge fund in Africa, if we get our minds right that is) but I've not really thought about quantifying it chronologically like that, I think it's a great idea.

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monkeysama's picture

A house, a family, a good

monkeysama
      O
 
(King Kong, 1,622
 
Points)
 on 11/18/10 at 9:14am

A house, a family, a good paying job, a career. Sadly I doubt now that I'll ever accomplish those things.

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Ben Shalom Bernanke's picture

Great stuff Eddie. It's

Ben Shalom Bernanke
      AM
 
 
(King Kong, 1,423
 
Points)
 on 11/18/10 at 9:15am

Great stuff Eddie. It's interesting how much one's expectations can change over the years. Our definition of "success" definitely morphs as we age and find value in different things.

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sleeplessinlondon's picture

Current Age 24 Financial

sleeplessinlondon
      AM
 
(Senior Monkey, 67
 
Points)
 on 11/18/10 at 9:38am

Current Age 24

Financial Goals (in current USD values):

Age 30: Total Net worth of > 1Mill. Liquid net worth > 500k. Also, I dont' need a 993 c4s but I will def buy one before I am 30.

Age 40: Two homes, with max of 1 Mortgage...Primary residence paid off.

Age 50: Net worth at least 5mill. With at least 2mill of that liquid. At least partially retire by now.

------------------------------------------------------------------------------------------------------

Experience Goals (Things I would really enjoy and hope I have the time/balls to do):

Get married; at least 2 kids, allowing for ample time to spend with my family: Before 45.

Graduate from culinary school + open a restaurant : Within lifetime

Go back to school.... Quantitative Masters or Phd : If masters within next 5 years if PhD next 10 years.

Take a shot at being a professional poker player: Lifetime

After setting these out...I realize that I currently place a lot more emphasis on achieving my financial goals relative to my experience goals. The financial goals are really more like minimums from my perspective.... I feel as though they are attainable, but also necessary to maintain the lifestyle I think I want/grew up with. That being said, fulfilling my financial goals will be for nothing if I don't at least tick some of the boxes for the experience goals. I can tell its gonna be tough to strike the right balance... money is just really fuel to live the life you want. If youth is wasted on the young just then wealth is wasted on the aged; I hope I don't end up with a shit ton of fuel but only a beat up old car to use it in.

I did this pretty quickly, I might have to revisit this exercise weekly to actually have any idea what I want but this is what I got as of today.

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Mzz's picture

Let me try this...current age

Mzz
      O
 
 
(King Kong, 1,506
 
Points)
 on 11/18/10 at 9:54am

Let me try this...current age 23

Within the next 3 years:
-shoot a documentary on a specific subject I have in mind
-possibly go to bschool

Within the next 5-7 years:
-transitition to media biz
-start up my own investment firm
-maybe have a kid ;)

Can't really think beyond that as life could change so much.

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GutShot's picture

-Serve my country (armed

GutShot
      ST
 
 
(King Kong, 1,249
 
Points)
 on 11/18/10 at 10:33am

-Serve my country (armed forces, volunteer)
-Learn to fly a plane, own a nice motorcycle
-Own an apartment in NYC and a house somewhere else
-Put all my younger siblings through college
-MBA from H/S/W

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Mzz's picture

GutShot wrote: -Put all my

Mzz
      O
 
 
(King Kong, 1,506
 
Points)
 on 11/18/10 at 10:59am
GutShot:

-Put all my younger siblings through college

SB for you man. Hopefully I can do the same.

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greenspanwingspan's picture

Good posts, I am facing a

greenspanwingspan
     
 
(Chimp, 3
 
Points)
 on 11/18/10 at 11:42am

Good posts,

I am facing a similar issue. Recruitment is ending but I cant help but think about doing something awesome before I start a career. The school career advisors look at me strangely when I say I am probably going to miss most of the entry level program dates to back pack europe for 50 days with my gf, and quite frankly I am worried about missing the recruitment bus myself. However, I do realize that this finance gig is a moving bus and that there are no pee stops. That is why I loved the story of Mark. I think it is important for us monkeys to think about this ride before we get on it and realize that it is a longer and bumpier trip to a destination thats not as special as we think.

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nycIBD's picture

two letters: P E .

nycIBD
     
 
(Gorilla, 515
 
Points)
 on 11/18/10 at 12:03pm

two letters: P E .

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dzx162's picture

My grand father died two

dzx162
      AM
 
(Monkey, 51
 
Points)
 on 11/18/10 at 12:18pm

My grand father died two weeks before my dad was born.

My dad died 6 days after I turned 18.

My goal: Live to see a grandchild.

Everything else be damned.

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Edmundo Braverman's picture

dzx162 wrote: My grand father

Edmundo Braverman
      ST
 
 
(Human, 14,358
 
Points)
 on 11/18/10 at 12:22pm
dzx162:

My grand father died two weeks before my dad was born.

My dad died 6 days after I turned 18.

My goal: Live to see a grandchild.

Everything else be damned.

Sorry for your loss, bro.

What are you doing on an Internet forum? Go knock some broad up, for crying out loud!

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dmcd's picture

Eddie, I always appreciate

dmcd
      CO
 
(Baboon, 119
 
Points)
 on 11/18/10 at 3:18pm

Eddie,

I always appreciate the "take a step back/bigger picture" views you bring to the table. So thanks.

Im 25 now,

By 30, put a rock on my gf's hand

By 35, be married, have a top 10 MBA, buy my mother the 1998 Jaguar she always wanted. She'll be 63 and just getting ready to retire.

By 50, have 2-3 kids total, avoid the forbidden beer gut, open a real Irish Pub with my brother in Southie or La Jolla

Lifetime: Climb K2, see the Indian town my "wife" was born in, Bring my old man bone fishing in the Fla Keys. Play the Old Course @ St Andrews and break 80 on Bethpage Black.

"Stay Hungry, Stay Foolish"

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dzx162's picture

Thanks Ed, I truly appreciate

dzx162
      AM
 
(Monkey, 51
 
Points)
 on 11/18/10 at 3:46pm

Thanks Ed, I truly appreciate it.

The wife and I are trying daily, sometimes twice a day. It's good to be newly weds......

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Edmundo Braverman's picture

dmcd wrote: By 50, have 2-3

Edmundo Braverman
      ST
 
 
(Human, 14,358
 
Points)
 on 11/18/10 at 4:16pm
dmcd:

By 50, have 2-3 kids total, avoid the forbidden beer gut, open a real Irish Pub with my brother in Southie or La Jolla

That's quite a cultural divide there, bro. Wouldn't an Irish bar in Southie just be a bar? (What do they call Mexican food in Mexico? Food.)

That's a great list.

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dmcd's picture

Edmundo Braverman

dmcd
      CO
 
(Baboon, 119
 
Points)
 on 11/18/10 at 4:35pm
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"Stay Hungry, Stay Foolish"

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econ's picture

Maybe I'm just weird, or

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 11/18/10 at 4:52pm

For my aspiring Entrepreneurial Nomads, check out my blog.

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Edmundo Braverman's picture

dmcd wrote: Edmundo

Edmundo Braverman
      ST
 
 
(Human, 14,358
 
Points)
 on 11/18/10 at 5:34pm

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dagro's picture

the most important thing i

dagro
      CF
 
(Gorilla, 508
 
Points)
 on 11/18/10 at 5:40pm

=========================================
"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."

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dagro's picture

oh, forgot to mention a key

dagro
      CF
 
(Gorilla, 508
 
Points)
 on 11/18/10 at 5:45pm

=========================================
"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."

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pittpanthers123's picture

Finishing my undergrad

pittpanthers123
     
 
(Senior Chimp, 20
 
Points)
 on 11/18/10 at 6:39pm
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PIGS's picture

Its funny how when I was

PIGS
     
 
(Orangutan, 289
 
Points)
 on 11/18/10 at 6:53pm
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Bondarb's picture

I really think these plans

Bondarb
      HF
 
 
(Neanderthal, 2,283
 
Points)
 on 11/18/10 at 7:21pm
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monkeysama's picture

I just want a job. My present

monkeysama
      O
 
(King Kong, 1,622
 
Points)
 on 11/18/10 at 7:25pm
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econ's picture

Bondarb wrote: Also, as

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 11/18/10 at 10:14pm

For my aspiring Entrepreneurial Nomads, check out my blog.

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Argonaut's picture

Current age: 26 Financial and

Argonaut
     
 
(King Kong, 1,762
 
Points)
 on 11/19/10 at 12:13am

More is good, all is better

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treynorblack9999's picture

Argonaut wrote: By 35: Be

treynorblack9999
     
 
(Baboon, 137
 
Points)
 on 11/19/10 at 3:46am
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LikeToKnow's picture

GutShot wrote: -Serve my

LikeToKnow
      O
 
(Baboon, 167
 
Points)
 on 11/19/10 at 3:53am
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JimYoungJr's picture

Edmundo Braverman wrote: It

JimYoungJr
      IB
 
(Monkey, 51
 
Points)
 on 11/19/10 at 9:35am

"You Want details? Fine. I drive a Ferrari, 355 Cabriolet, What's up? I have a ridiculous house in the South Fork. I have every toy you could possibly imagine. And best of all kids, I am liquid."

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dmcd's picture

Edmundo Braverman

dmcd
      CO
 
(Baboon, 119
 
Points)
 on 11/19/10 at 10:48am

"Stay Hungry, Stay Foolish"

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fatchrisob's picture

Sorry for the lengthy first

fatchrisob
     
 
(Chimp, 1
 
Points)
 on 11/19/10 at 12:10pm
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LIBOR's picture

I MUST reach The Addict on

LIBOR
      EN
 
(Neanderthal, 2,156
 
Points)
 on 11/19/10 at 12:33pm

looking for that pick-me-up to power through an all-nighter?

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dagro's picture

LIBOR wrote: I MUST reach The

dagro
      CF
 
(Gorilla, 508
 
Points)
 on 11/20/10 at 11:13am

=========================================
"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."

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GOB's picture

LIBOR wrote: I MUST reach The

GOB
      IB
 
(Senior Orangutan, 433
 
Points)
 on 11/20/10 at 12:15pm
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rfxm3's picture

Well what an interesting

rfxm3
      IB
 
(Senior Monkey, 72
 
Points)
 on 11/20/10 at 4:01pm
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rfxm3's picture

Well what an interesting

rfxm3
      IB
 
(Senior Monkey, 72
 
Points)
 on 11/20/10 at 4:01pm
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Cookies With Milken's picture

1 Year: Slay Hoes 2 Years:

Cookies With Milken
      O
 
(Gorilla, 541
 
Points)
 on 11/21/10 at 12:16am
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J_monkey's picture

Within 20 years, Land a IB

J_monkey
      O
 
(Baboon, 165
 
Points)
 on 7/4/12 at 10:19am
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hungaroe's picture

Great to read what you guys

hungaroe
      CF
 
(Baboon, 126
 
Points)
 on 7/4/12 at 11:39am
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frgna's picture

J_monkey: Within 20

frgna
      O
 
 
(Senior Gorilla, 927
 
Points)
 on 7/4/12 at 11:40am

if you like it then you shoulda put a banana on it

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econ's picture

econ: Maybe I'm just weird,

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 7/4/12 at 2:05pm

For my aspiring Entrepreneurial Nomads, check out my blog.

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Relinquis's picture

One goal... not be a wage

Relinquis
      RE
 
 
(Neanderthal, 2,186
 
Points)
 on 7/4/12 at 2:25pm

relinquis... Killing the GMAT this December; Over/Under set at: 725 GMATs.

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econ's picture

Relinquis: One goal... not be

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 7/4/12 at 3:28pm

For my aspiring Entrepreneurial Nomads, check out my blog.

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J_monkey's picture

frgna: J_monkey: Within 20

J_monkey
      O
 
(Baboon, 165
 
Points)
 on 7/4/12 at 7:48pm
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Relinquis's picture

econ: Relinquis: One

Relinquis
      RE
 
 
(Neanderthal, 2,186
 
Points)
 on 7/4/12 at 8:23pm

relinquis... Killing the GMAT this December; Over/Under set at: 725 GMATs.

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KeepCalm's picture

Great great post!! I did sth

KeepCalm
      IB
 
(Monkey, 54
 
Points)
 on 7/7/12 at 3:25pm
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Web Site Security Rules. Users are prohibited from violating or attempting to violate the security of the Web Site, including, without limitation, (a) accessing data not intended for such user or logging into a server or account which the user is not authorized to access, (b) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization, (c) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Web Site, overloading, "flooding", "spamming", "mailbombing" or "crashing", (d) sending unsolicited e-mail, including promotions and/or advertising of products or services, or (e) forging any TCP/IP packet header or any part of the header information in any e-mail. Violations of system or network security may result in civil or criminal liability. The Company will investigate occurrences which may involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

Specific Prohibited Uses.

The Company specifically prohibits any use of the Web Site, and all users agree not to use the Web Site, for any of the following:

  • Posting any incomplete, false or inaccurate biographical information or information which is not your own accurate resume
  • Using any device, software or routine to interfere or attempt to interfere with the proper working of this Web Site or any activity being conducted on this site.
  • Taking any action which imposes an unreasonable or disproportionately large load on this Web Site?s infrastructure.
  • If you have a password allowing access to a non-public area of this Web Site, disclosing to or sharing your password with any third parties or using your password for any unauthorized purpose.
  • Notwithstanding anything to the contrary contained herein, using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search this Web Site other than the search engine and search agents available from the Company on this Web Site and other than generally available third party web browsers (e.g., Netscape Navigator, Microsoft Explorer).
  • Attempting to decipher, decompile, disassemble or reverse engineer any of the software comprising or in any way making up a part of the Web Site.
  • Aggregating, copying or duplicating in any manner any of the materials or information available from the Web Site.
  • Framing of or linking to any of the materials or information available from the Web Site.

User Information.

When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

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