1. ‘Experts’ are clueless
2. Customers cannot tell you what they need
3. Biggest challenges beget the best work
4. Design Counts
5. Big Graphics Big Font
7. “Work” or “Doesn’t Work” Is All That Matters
8. Value Is Different From Price
9. A Players Hire A Players
10. Real CEOs Demo
11. Real Entrepreneur Ship
12. Something Need To Be Believed To Be Seen
There are so many to choose from that these are the ones from the 1980s and the 1990s. More will follow!
A 15-year-old kid, which makes the story all the more worthy. The guy went from nothing to millionaire, with an IPO and hit the big time. Then, he ended up in prison to pay for the dastardly deed. You have to admire him though. A smooth-talking crook as good as they ever get.
He founded ZZZZ Best, a carpet-cleaning and restoration company at the age of 15, in San Fernando Valley. He had trouble making ends meet and despite his idea, he had banks closing down on him at the start because he was under age and minors can’t sign contracts or checks. He joined forces with Tom Padgett and forged documents for carpet restoration, stating that he was working on various projects to make it look like he had business. They set up a company to front the operation, Interstate Appraisal Services. The fake company gave the banks the ‘proof’ that he was raking it in and everybody believed him. Kids don’t lie, do they? The insurance company amounted to some 86% of his revenue. But, that was all fake. The carpet-cleaning company was bone fide, though. He financed his carpet-cleaning business by check-kiting schemes: he wrote checks from account X to finance account Y, and then wrote checks immediately from account Y back to account X and the money (which never existed) just got transferred from one account to another. Child’s play, wasn’t it? Now, don’t go getting any ideas, the banks will find out (one day)! (more…)
In 1996, as a way to launch The Essays of Warren Buffett: Lessons for Corporate America, which went on to become an international bestseller, Lawrence A. Cunningham conceived of and hosted a two-day symposium at the Cardozo School of Law in New York City. Warren Buffett and Charlie Munger were, of course, the stars of the show. The proceedings were taped, and lots of photos were taken.
For the twentieth anniversary of the event Cunningham put together a slim volume, about a hundred pages, of excerpts from the proceedings, along with a host of unfortunately grainy photos. The Buffett Essays Symposium (Harriman House) provides highlights from four panel discussions: on corporate governance, finance and investing, mergers and acquisitions, and accounting and taxation. The contributions of academics and other panelists have been, for the most part probably mercifully, excised, except where they are necessary to provide context for the responses of Buffett and Munger. Here and there Cunningham includes brief boxed commentary from current academics and market participants.
All the ANALYSTS those who appear on BLUE CHANNELS ,Write for PINK PAPERS ? in disclosure always says no position in any stock.-Biggest lie of universe
Same Like Celebrities :They Give ADVERTISEMENT for Products………………But never use them
Bloody person who is having Audi gives advertisment for Maruti.
From Top to Bottom…………………………Everything is Fraud.
| If your not sure and don’t have an edge, cash IS a strategy. If you are on a cold streak, reduce size by 70% and tighten stops for a week. Stocks aren’t people, they cant be trusted, an algorithm doesn’t care that you think you know the story or the chart. Don’t be “all in” in any name, you will blow up your account. It’s totally cool to change your mind right after a trade, the market changes by the minute, so should you. Pick one strategy and stick to it. This may take time if you are a beginner. You have to break a few eggs to make an omelet, so take losses but keep them very small. I haven’t taken someone else s idea in a long time, you have just as good a chance of being right or wrong as some other putz. Don’t have 15 technical indicators on your screen, that’s and EKG not a chart. Less is more. Don’t trade pissed off, it will crush your P&L Guess who wins when you “revenge” trade? Take partial profits on the way up and raise your stops. When you have three losing trades in a row, take a walk around the block. You may get an epiphany, at the very least it’s therapeutic. Realize early that the market will always be smarter than you. |
Among the fears traders face:
At times like this, top traders see opportunity when others crawl into a hole because they are frozen by their fears.
Traders who keep their cool make money from the fear (i.e. shorting oil). Others keep their head and cut positions so they don’t get blown up (Greece and the ripple effect). Still others are waiting patiently for the moment to strike, like a sniper.
So how can all traders think like the top traders when it comes to fear?
Discipline seems to be that elusive element in trading, the thing you just can’t seem to get no matter how hard you try. Its a willo-the-wisp that we’ve only heard rumours about. Do you jump from system to system, method to method, change your chart constantly and have a favourite indicator of the month? We roughly call this poor discipline.
However I’ve discovered that there is something more fundamental underneath this behavior, which is a lack of belief in the system you are using. You have no faith in it. If you did, all such behavior and “discipline problems” would vanish in a puff of smoke.
To prove the point, consider this: imagine if I gave you a magic box, and if you put a dollar in this magic box and pulled the lever it would always dispense one dollar fifty.
What would you do? Yes thats right, you would do it over and over and over wouldn’t you? Probably for hour upon hour you would do it.
Would you at any time become bored with this magic box and go in search of a better one? Would you try to improve it or invent your own? If you had absolute faith in the fact that the box will dispense the dollar fifty I say you would have no discipline issues what so ever. You’d sit there putting in dollars and cranking the handle like maniac. (more…)
