Archives of “February 5, 2019” day

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Bull Market Aphorisms

  
Analysis, Education
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  • Buy in May and Stay Leveraged Long
  • Buy the Rumor, Buy the News
  • Buy the Dip, Buy the Rip
  • Be Greedy When Others Are Greedy
  • Bulls Make Money, Bullish Pigs Make More Money
  • Rule No. 1: Never Go Short. Rule No. 2: Never Forget Rule No. 1
  • Buy Low, Buy High
  • The Uptrend is Your BFF
  • Always Go Long a Dull Market
  • There’s Always a Bull Market Everywhere
  • 3 Steps and Soar
  • Always Catch a Falling Knife
  • Stairs Up, Elevator Up
  • Stocks Climb a Wall of Serenity
  • Buy When There’s Anything on the Street
  • Always Reach for Yield
  • Buy Rosh Hashanah, Buy Yom Kippur
  • Anyone Who Went Broke Took Profits
  • This Will End Well
  • Everyone Has a Plan Until They Get Rich in Bitcoin
  • The Easy Money Has Yet to Be Made
  • The Calm Before the Melt-Up

Robots Decide Whom to Hire Based on Voice

  
  Education
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The online employment service Jobaline.com doesn’t really use the face-to-face interviews, but rather feeds research and algorithms into a computer, which then judges candidates based on how their voice sounds. There are, apparently, different choices for different voices.

“We’re not analyzing how the speaker feels,” Jobaline CEO Luis Salazar tells National Public Radio. “That’s irrelevant.”

Salazar says your voice has a certain subtle signature that sounds different – even if it[‘s ever so slightly – when you’re happy, sad, mad, or in a hurry, and the algorithms interpret all those subtleties as it makes a match.

Salazar argues that the Jobaline “secret formula” can even pinpoint if a voice is calm, trustworthy, and engaging, which can be very important for certain kinds of jobs, such as in the hospitality business.

More and more companies are using this kind of system to help them sift through applications. Humans make the final judgement, but that algorithm helps the companies narrow down the pool, cutting down on time and costs.

22 Things Happy Traders Do Differently

  
  Education
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1. Don’t hold grudges.

Happy people understand that it’s better to forgive and forget than to let their negative feelings crowd out their positive feelings. Holding a grudge has a lot of detrimental effects on your wellbeing, including increased depression, anxiety, and stress. Why let anyone who has wronged you have power over you? If you let go of all your grudges, you’ll gain a clear conscience and enough energy to enjoy the good things in life.

2. Treat everyone with kindness.

Did you know that it has been scientifically proven that being kind makes you happier? Every time you perform a selfless act, your brain produces serotonin, a hormone that eases tension and lifts your spirits. Not only that, but treating people with love, dignity, and respect also allows you to build stronger relationships.

3. See problems as challenges.

The word “problem” is never part of a happy person’s vocabulary. A problem is viewed as a drawback, a struggle, or an unstable situation while a challenge is viewed as something positive like an opportunity, a task, or a dare. Whenever you face an obstacle, try looking at it as a challenge.

4. Express gratitude for what they already have.

There’s a popular saying that goes something like this: “The happiest people don’t have the best of everything; they just make the best of everything they have.” You will have a deeper sense of contentment if you count your blessings instead of yearning for what you don’t have. (more…)

David Clark, The Tao of Charlie Munger -Book Review

  
Analysis, Education

David Clark, who has written eight books on Warren Buffett, has moved on to Charlie Munger. The Tao of Charlie Munger (Scribner) is, in the words of the subtitle, A Compilation of Quotes from Berkshire Hathaway’s Vice Chairman on Life, Business, and the Pursuit of Wealth. Clark provides commentary.
Clark divided the 138 quotations he selected for this book into four categories: Charlie’s thoughts on successful investing; Charlie on business, banking, and the economy; Charlie’s philosophy applied to business and investing; and Charlie’s advice on life, education, and the pursuit of happiness.
Here are a couple of my favorites:
“It’s been my experience in life, if you just keep thinking and reading, you don’t have to work.”
“Any year that passes in which you don’t destroy one of your best loved ideas is a wasted year.”
There’s already a substantial body of literature about the ideas of Charlie Munger. And, of course, we have Poor Charlie’s Almanack. Do we need yet another book? Probably not. But even when I’m reading a quotation for the umpteenth time—for instance, that his children think he’s “a book with a couple of legs sticking out”—I still smile. And, by the way, he really is a reader. “It’s said that Charlie reads up to six hundred pages a day—which includes three newspapers a day and a weekly diet of several books.”
If you want to up your own personal daily page count, you might consider adding this book to your list.

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