The typical evolution of a trader goes something like this. You have read a few magazines perhaps bought a few shares you may even have seen Wall Street on video. You go to bed Sunday night, wake up Monday morning and decide that you are a stock market trader. Not too implausible you think, after…
Our current mentor program is one week as of today and before the program began we had a number of people literally begging us to let them in early so they wouldn’t miss out on a place when bookings opened. Here is the interesting thing – the people we have had ask for a refund…
I recently notice some rubbish in my spam folder that purported to link the Mayan calendar and the current state of the market. Apparently since the Mayan calendar runs out in 2012 we should prepare for the mother of all crashes. And dont get me started on the Elliot Wave theorists who still seem to…
Before you run off thinking that this is going to be some sort of Anthony Robbins new age touchy, feely motivational posting….think again. Let me state at the outset I think motivation is bullshit. To my mind you cannot motivate anyone to do anything unless you have a taser handy. Even then you might have…
A recurring topic of conversation I seem to have had lately with people starting out in life/business/career has been should you follow your passion. My answer has been simple. If your passion can pay you a million dollars a year then sure go for it. If not forget it. This may sound somewhat hard headed…
As the New Year, has come and gone we have been bombarded with predictions for the coming year. Despite their best effects those that opt to predict what the market will do in 12 months times can seem to predict their own uselessness – an odd paradox that one. I have not looked at this…
WHILE THE CHANTS of the protesters and the thrumming of the drum circle echoed through New York’s financial district, I spent a pleasant October weekend in Chicago drinking with the people who used to occupy Wall Street. It was my 10-year reunion at the University of Chicago Booth School of Business. Obviously I wanted to…
I had been thinking about the Kodak debacle when I remembered this – The Peter Principle states that “in a hierarchy every employee tends to rise to his level of incompetence”, meaning that employees tend to be promoted until they reach a position in which they cannot work competently. It was formulated by Dr. Laurence…
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