rss

10 Life Lessons

This is a better talk than I imagined. Robert L. Joss, Professor of Finance and Dean Emeritus of the Stanford Graduate School of Business, offers 10 life lessons.

10. Life is like cricket
9. Life is too short to deal with “bad” people
8. Run it like you own it
7. Don’t forget to manage side-ways
6. Don’t take yourself too seriously
5. Without fear — there is no courage
4. Life is full of “character building experiences”
3. Find the words
2. Use CAT and GSB learning throughout your life
1. Don’t forget to renew yourself

 

Traders -3 Points U All Must Read

Valuation alone is insufficient reason to get short a stock — History teaches us that cheap stocks can get cheaper, dear stocks can get more expensive

ALWAYS work with a pre-determined loss – either a physical or mental stop loss — Never leave yourself open to infinite losses

Fundamentals tell you WHY to short something, not WHEN to short it. ALWAYS have some technical confirmation before shorting. Make a short selling wish list, then WAIT for technical confirmation.

Lehman Brothers Holdings, Inc. – SCARCE (Issued before final bankruptcy)

LEHMAN BROTHERS HOLDINGS
 

Beautifully engraved scarce stock certificate from Lehman Brothers Holdings, Inc. issued in 2008. This historic document was printed by the United States Banknote Company and has an ornate border around it with vignettes of an early street scene with the capitol in the background (Below this image it says “Founded 1805, Montgomery Alabama”), and portraits of Mayer Lehman and Emanuel Lehman. This item has the printed signatures of the Company’s Chairman, Richard S. Fuld, Jr., and Secretary. Very desirable and hard to find.

12 Steps Every Trader Should Take –

1.  We admit that we were powerless over our emotions-that our trading had become unmanageable.

2.  We came to believe that principles greater than ourselves could restore our sanity and profitability.

3.  Made a decision to turn our will and our lives inside the charts over to certain principles as we understood them.

4.  Made a searching and fearless trading inventory of ourselves and  our trading account.

5.  Admitted to our brokerage, to ourselves, and another the exact nature of our wrongs.

6.  Were entirely ready to have these principles remove all defects of character.

7.  Humbly ask that these principles remove our shortcomings. (more…)