Secret To Life Venn Diagram
Via I Love Charts
A Lesson In Liquidity
A client called his broker inquiring about egg futures and is quoted a price of 25 cents per contract. Having a hunch about the egg market he buys 100 contracts. A week later he calls his broker to get a quote. Pleased to learn that the price of eggs has risen to 35 cents he…
DetailsDalai Lama
I came across these 18 rules from the Dalai Lama Take into account that great love and great achievements involve great risk. When you lose, don’t lose the lesson. Follow the three Rs: Respect for self Respect for others Responsibility for all your actions. Remember that not getting what you want is sometimes a wonderful…
DetailsSeven Sins Of Fund Management
Over the long weekend I came across this excellent primer on the behavioural issues facing investors. The link to the original follows at the end but I have snipped part of the first page below. Seven sins (common mistakes) were identified. The first was placing forecasting at thevery heart of the investment process. An enormous…
DetailsWhy Do Traders Fail To Make Money?
Let me state at the outset of this article that in terms of the number of rules involved in its successful execution trading is the simplest profession on earth. There are only two basic rules in trading. They are if the price is trending up over the time frame you are interested in then you…
DetailsBernie Madoff Letters From Prison
Fascinating piece from Forbes on letters Madoff has written to the author of his biography. It is well worth reading all the exchanges to get a sense of his profound and all encompassing delusion. Now all we need to know is what sort of delusion the SEC was operating under when they refused to investigate…
DetailsJim Rogers
“Most of us don’t have the discipline to stay focused on a single goal for five, ten, or twenty years, giving up everything to bring it off, but that’s what’s necessary to become an Olympic champion, a world class surgeon, or a Kirov ballerina. Even then, of course, it may be all in vain. You…
DetailsThe Man Who Broke Atlantic City
Johnson is very good at gambling, mainly because he’s less willing to gamble than most. He does not just walk into a casino and start playing, which is what roughly 99 percent of customers do. This is, in his words, tantamount to “blindly throwing away money.” The rules of the game are set to give…
DetailsI Have Always Been A Fan Of Henry’s
Henry Rollins letter to a young American
