What I say to the youngling… “It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” – William O’Neil “When asked if there was a technique for making money on the stock exchange, Nathan Rothschild said, “There certainly is. I never buy at the bottom and I always sell too soon.” – William O’Neil “Only a fool holds out for the top dollars,” said Joe Kennedy, one-time wall street speculator and the father of former President John F. Kennedy. The object is to get out while a stock is up, before it has a chance to break. Gerald M. Loeb states, ” Once the price has risen into estimated normal or overvaluation areas, the amount held should be reduced steadily as quotation advance.” (At this point it’s all right to ask yourself, “Why didn’t I sell when it was going up and looked so strong?”)” — William O’Neil “Another thing to bear in mind is this: Never try to sell at the top. It isn’t wise. Sell after a reaction if there is no rally.” – Jesse Livermore |
Archives of “January 2019” month
rssThe US Debt Ceiling Has Risen No Matter Who Calls the Shots
Mathematics of Life
The Largest Employers in the World
You might be surprised to learn what the largest employer in the world is. Want to take a guess? It is the Chinese Army, also known as the Peoples Liberation Army, at 2.3 million employees. WalMart (WMT) is in second place with 2.1 million employees, then the Indian Railway at 1.4 million, and the National Health Service in the United Kingdom at 1.33 million.
In fifth place is China Petroleum & Chemical Corporation (SNP) also known as Sinopec Corp. with 639,690 employees. Then there is G4S, a private security company in England in sixth place at 585,000 employees. Seventh is PetroChina (PTR), China’s biggest oil producer which trades on the NYSE, with 539,168 employees.
Deutsche Post (DPSGY.PK), is another publicly traded big employer. This mail and package delivery company has 436,650 employees. The engineering conglomerate Siemens (SI), also publicly traded and trades on the New York Stock Exchange, has 420,800 employees. Last but not least, McDonalds (MCD), the fast food company, has around 400,000 employees.
Thought For A Day
How to go from +400% to -54% in 8 days.
A Glut of gasoline -New Threat
50 years ago today, Buffett wrote to his investors about our inability to see the future.
Golden Trading Rule written in 1838
Trading Psychology
ACTION + RESPONSE = COMPLICATED AS IT CAUSES CONFUSION
PREPARATION + ACTION = COMPLICATED AS IT CAUSES DOUBT
PREPARATION + RESPONSE = NOT POSSIBLE WITHOUT TAKING ACTION
PREPARATION + ACTION + RESPONSE = MANAGEABLE SIMPLICITY
These three are mutually inclusive. Without each working together to create the whole, managing your trading success will be difficult. Simple really but difficult to manage. But once managed very difficult to complicate.