This is from the wonderful Lefsetz Letter that everyone should be subscribed to. Pay particular attention to the paragraph I have highlighted STADIUM ACTS Are not bitching about what everybody else is. Money is not their issue. Everybody wants to be in business with them. The transition in the business is evidenced by the fact…Details
I recently received an email from someone who should have known better because attached to the email was a brokers report. The report told me I should buy NAB because it had under performed its counterparts. So not being one to take anything a broker says at face value I decided to check for myself.…Details
Last year I had the pleasure of training with Dan Inosanto. For those who dont know the name he was a friend and colleague of Bruce Lee’s. We spent an afternoon listening to his wisdom and getting everything i could from someone who was 77 and still in wonderful condition. During one of the breaks…Details
Playboy: If life is so purposeless, do you feel its worth living? Stanley Kubrick: Yes, for those who manage somehow to cope with our mortality. The very meaninglessness of life forces a man to create his own meaning. Children, of course, begin life with an untarnished sense of wonder, a capacity to experience total joy at something…Details
As an intellectual pursuit trading is not a difficult endevour, the rules are quite simple and they revolve around the central tenet of cutting your losses and letting your profits run. This maxim has been with traders for generation and a failure to recognise its importance has even afflicted the greatest traders. The late Jesse…Details
This explains a lot…..