Would you rather have $1,000,000 or 1 cent? Silly question for most, but I had to ask because the other night I was watching the TV show Deal or No Deal. The buggy-eyed greed of the contestant that night reminded me of many traders and money managers. In case you haven’t seen the show it [...] Read more »
Wal-Mart response and the REAL debate: Health Care
Wow my Wal-Mart email got responses from both sides of the spectrum, so I’ll keep this short. I think a few subscribers missed the spirit of the message. Debt is bad. My house is paid for and I encourage you to work toward the same. Even though I can afford a mansion it is not [...] Read more »
Most Hedge Funds Make Great Neighbors But Lousy Investments
Hedge funds failed en masse in 2008, when nearly 1,500 closed their doors. Many of these closures were due to the complexity of the funds themselves. When a bad market hit, they couldn’t help but get caught in the downward spiral. And the bleeding continues; in the first quarter of 2009, investors pulled $103 billion [...] Read more »
Why you should hate Wal-Mart…
I hate shopping at Wal-Mart. It makes me ill, but the important part is why… (And if you're going to read this, you need to read the entire rant). If you get offened by this, please read my second part about Wal-Mart for some clarification. For as long as I can remember, I've had a [...] Read more »
What Do Fish Tanks and Financial Markets Have In Common?
I had an interesting trip to a local store yesterday afternoon. I’ve been thinking about getting a fish tank for my office. I hear they’re calming and I know they look great. So a salt water tank seems like it would be an attractive addition to my office but I have no idea how much [...] Read more »
Big A Quotes
We let price prove itself before committing our money. The sooner you accept that you really don't know the future, the sooner you will trade with 100 times less stress. The trend is your friend. We rarely catch the exact top or bottom of a trend so don't expect to. Every trend ends. Every [...] Read more »
Winners and Losers: It’s Not The Trades It’s The Traders…
You know the difference between winning and losing trades — we’ve all experienced both and know the joy and the pain well. But, when we look at losing trades, most of the times it’s not the strategy that has failed but, rather, the trader. Yes, that probably means you. But, today I’m going to talk [...] Read more »
Do You Know the Secret
Becoming a successful, profitable trader might seem to be difficult to master and, at the same time, it is potentially the most profitable set of business and life skills that you can develop for yourself as an individual. Achieving mastery in trading brings rich rewards, yet it is not really a goal or a destination [...] Read more »
The Wisdom of Trading
In today’s information age have you ever considered the vast amount of information we must process daily in the normal course of our lives. This can prove to be a challenge when we can only take in 1% to 2 % of the information available at any one time. As a trader or investor the [...] Read more »
Don’t fall for this way of calculating performance
MUST READ: Don't fall for this way of calculating performance Some of you might recognize what I'm talking about and some of you won't. Either way you will learn something new in this email and my new video. A few "gurus" calculate their track record is a way that will deceive the average investor. Instead [...] Read more »
