These rules were pulled from a speech he gave – 1. Make all your mistakes early in life: The more tough lessons you learn early on, the fewer (bigger) errors you make later. A common mistake of all young investors is to be too trusting with brokers, analysts, and newsletters who are trying to sell you…
DetailsJohn Murphy has been a technical analyst on both TV and for Stockcharts.com for decades. He has also published numerous books (read odes to magic tools) on the subject. The following are a set of rules he generated. Compare these rules to those of Michael Steinhardt and remember Steinhardt was an actual trader with an…
DetailsThose who have knowledge, don’t predict. Those who predict, don’t have knowledge. Lao Tzu
DetailsHaving watched the energetic expansion of the Indian economy over the past few years I have often wondered whether the inherent racism of the caste system and the inefficiencies of a colonial bureaucracy would eventual lead to structural problems that might bring the entire expansion phase undone. Apparently it is – BANGALORE, India—Call-center…
DetailsRetired hedge fund manager Michael Steinhardt speaks his mind. Steinhardt was one of the true original global hedge fund manager. His interview in Market Wizards is well worth a read.
Recently an article popped up on our Mentor Program graduate forum by Scott Pape who writes for the Herald Sun in Melbourne and undoubtedly it was syndicated nationally. Traditionally, I tend to let these sort of things slide simply because of the standing of the Herald Sun somewhere between a Harvey Norman catalogue, a chip…
DetailsI have posted before about the lack of sleep on high performance. This interesting ditty from the WSJ looks at those folks who dont seem to need much in the way of sleep but still manage to perform well.
Recently there has been a discussion on our mentor forum regarding trading for income versus trading for capital growth. I have been party to many such discussions over the years and one thing that tends to be common in all of them is the notion that returns are linear. For example if a CAGR of…
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