Archives of “January 7, 2019” day
rssONE OF THE GREAT THINGS ABOUT THE MARKET
One of the great things about the market is, the markets don’t care about you. The market doesn’t care what color you are. The markets don’t care if you are short or tall. They don’t care about anything. They don’t care whether you leave or stay…I met the guy who wrote this best seller now called, Bringing Down the House, it’s about these MIT guys who beat the blackjack tables. And part of the problem, if you’re going to be a blackjack counter is that the casinos don’t like you. They actively don’t like you. And they come and tell you in rather strong things to take your business away. Well, the beautiful thing about the markets, they don’t like you, they don’t dislike you, they just don’t care. They are there everyday. You want to play, you can play. You don’t want to play, don’t play. And you can choose. You sit, there is no penalty. You know, when you stand you know…I don’t know how many of you play baseball…when your at bat if something comes through the strike[zone], if you don’t swing you still get a strike against you. But the markets are a no penalty game. You can stand there and wait. You can go home and wait. It doesn’t matter. And that’s really a terrific thing.
This is a good page from the millionaire mind
The Golden Rules: 10 Steps to World-Class Excellence in Your Life and Work -Book Review
How many times does one have to read good advice before acting on it? I don’t know. I for one continue to struggle. This time the advice comes from Bob Bowman, Michael Phelps’s coach, in The Golden Rules: 10 Steps to World-Class Excellence in Your Life and Work (St. Martin’s Press, 2016), written with Charles Butler.
The rules are straightforward:
1. A champion sets a “dream big” vision
2. Adopt an “all-in!” attitude, not a “get out!” one
3. Take risks—and then enjoy the rewards
4. Short-term goals lead to long-term success
5. Live the vision every day
6. A team approach can inspire individual success
7. Stay motivated over the long haul
8. Adversity will make you stronger
9. When the time comes, perform with confidence
10. Celebrate your achievement, then decide what’s next
Following them is something else.