Financial Occultist

I watched the film ‘Papillon’ a few days ago and enjoyed it very much. From memory, the film captures the sense of place, feeling of utter desperation, and cruelty of both the people and environment, found in the book on which it is based. It doesn’t follow the story to the letter – few films do – but this becomes a non-issue considering that many people question whether the author truly experienced all these adventures and hardships, or whether he ‘borrowed’ stories from other prisoners. Whatever the truth may be, I highly recommend reading the book and then watching the film.

In one scene, fellow inmate Louis Dega (played by Dustin Hoffman) is talking to Papillon (a role superbly executed by Steve McQueen) and makes a statement of the ‘somebody once said’ variety, that really struck home:

“A temptation resisted is a true measure of character.”

New Books Khazana For Hot Summer

19-Jan-19 07:56 pm

Education

Anirudh Sethi

Wolrd Bank Says -Quality of education in South Asia poor

19-Jan-19 07:48 pm

Anirudh Sethi

A World Bank report today presented a disappointing picture of student-learning in South Asian countries including India, saying much of what is taught is “procedural” or rote-based.

The study, which was the first comprehensive analysis on performance of South Asian educational systems said “many South Asian teachers barely know more than their students”.

“Students are poorly prepared in practical competencies such as measurement, problem-solving and writing of meaningful and grammatically-correct sentences,” the report said.

It said that one quarter to one third of those who graduate from primary schools lack basic numeracy and literacy skills that would enable them to further their education.

Strongly recommending raising teacher quality, the report cited surveys conducted in India and Pakistan, showing that teachers perform poorly in math and language tests based on the curriculum they are supposed to teach.

“Higher and clear standards must be enforced, absenteeism curbed and non-merit-based promotions halted,” it suggested. (more…)

20 Naked Truth For Traders

19-Jan-19 07:43 pm

Education

Anirudh Sethi

1. You have to have passion for learning to trade; passion is the energy that you need to take you to your goals.

2. You have to have the perseverance to keep going after you want to give up. 90% of new traders quit when they were very frustrated while 100% of successful traders didn’t quit until they reached their goals

3. New traders spend too much time looking for what to trade instead of focusing on who they are as traders. You have to know who you are as trader first then you can start building your trading system.

4. Traders have to be able to manage their stress by trading inside their current comfort zone. Traders have to grow themselves and trade size step by step.

5. The vast majority of new traders fail simply because they did not do their homework before they started trading.

6. A trader has to build a trading system that matches their own personality and risk tolerance levels.

7. A trader that chooses to be master a specific type of trading method or trading vehicles has a much better chance of success than the traders that just dabble in many different things and never make much progress.

8. A trader has to write a good trading plan while the market is closed to guide their trading while the market is open. (more…)