Archives of “January 2019” month

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Trading Wisdom

  
  Education
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tradingwisdom

The most important thing is to have a method for staying with your winners and getting rid of your losers. By having thought out your objective and having a strategy for getting out in case the market trend changes, you greatly increase the potential for staying in your winning positions. The traits of a successful trader: The most important is discipline – I am sure everyone says that. Second, you have to have patience; if you have a good trade on, you have to be able to stay with it. Third, you need courage to go into the market, and courage comes from adequate capitalization. Fourth, you must have a willingness to lose; that is also related to adequate capitalization. Fifth, you need a strong desire to win. You have to have the attitude that if a trade loses, you can handle it without any problem and come back to do the next trade. You can’t let a losing trade get to you emotionally. If a trade doesn’t look right, I get out and take a small loss.

How Green Are Electric Cars?

  
Analysis, Education

Very interesting analysis on how green hybrid, electric and petrol cars actually are:

“According to data from the Trancik Lab at the Massachusetts Institute of Technology, a Tesla Model S P100D saloon driven in the US midwest produces 226 grammes of carbon dioxide (or equivalent) per kilometre over its lifecycle — a significant reduction to the 385g for a luxury 7-series BMW. But the Mirage emits even less, at just 192g.
The MIT data substantiate a study from the Norwegian University of Science and Technology last year: “Larger electric vehicles can have higher lifecycle greenhouse gas emissions than smaller conventional vehicles.”

Nice graphic:

 

The Stock Market is like a Beautiful Woman

  
  Education
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The stock market is like a beautiful woman, always 
appealing 
challenging
fascinating
captivating
mystifying.

Appealing     The stock market appeals to everyone – the ignorant and illiterate, barbers and bartenders, brokers and bankers, best and brightest, professionals and people from all walks of life.

Generally, the stock market is perceived as a marketplace to get-rich-quick, make a fast buck, make a killing and turn rags to riches.

Challenging     The stock market challenges all kinds of players – gamblers, speculators and investors. In the game of sports, amateurs play against amateurs, professionals challenge professionals, and olympians compete with olympians on different level playing fields; whereas in the stock market, novices, amateurs and professionals challenge each other on the same level field. (more…)

Speculation In This Sector Will End "Very Badly," Canada's Warren Buffett Says

  
Analysis, Education
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Whether it’s subprime auto lending, Janet Yellen’s “stretched” biotech sector, or corporate credit, bubbles abound in today’s fragile market and like Mark Cuban, Prem Watsa thinks the valuations investors are placing on private tech companies are simply ludicrous. But the insanity isn’t confined to private companies, Canada’s Warren Buffett says. “Speculation” is rampant in publicly traded shares as well. 

From Fairfax Financial’s shareholder letter:  

I am always amazed at the speculation that can take place in the stock market, as shown in the table below, and how long it can last:

  (more…)

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