Walt Disney's 1957 drawing of his corporate strategy
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Mint Money 24×7 x 366 is our Mantra From Trading.
Price War or Phantom Bargain?
Following the trend instead of thinking independently
Crowd mentality is most likely to be wrong. Crowds don’t think. They react.” This takes us all the way back to rule number one: have rules. One of the rules should be to follow our own thinking and not that of the crowd. By the time the crowd jumps on board, the move is usually over anyway! Hence, reaction instead of action.
INSPIRATION FROM JACK HURST
From the “what is our excuse” department.
One of the many books I’ve been reading lately has included Jason Zweig’s book YOUR MONEY AND YOUR BRAIN. While reading the last chapter this weekend the author mentioned a gentleman who is an “amazing money manager” not because of some envious track record or amazing annual returns but because of his ability to invest in spite of physical obstacles most of us would use as an excuse not to succeed.
Mr. Zweig provides more details about Jack Hurst’s life in the following article from 2005. Mr. Hurst, who with debilitating ALS can still say “I don’t have a lot of regrets, because I’ve always performed to the best of my abilities in whatever task I faced…A person in my position doesn’t have much to complain about.”
Are you worrying about something? This guide will help you with it…
Federal Reserve Raises Discount Rate
The Federal Reserve Board on Thursday announced that in light of continued improvement in financial market conditions it had unanimously approved several modifications to the terms of its discount window lending programs.
Like the closure of a number of extraordinary credit programs earlier this month, these changes are intended as a further normalization of the Federal Reserve’s lending facilities. The modifications are not expected to lead to tighter financial conditions for households and businesses and do not signal any change in the outlook for the economy or for monetary policy, which remains about as it was at the January meeting of the Federal Open Market Committee (FOMC). At that meeting, the Committee left its target range for the federal funds rate at 0 to 1/4 percent and said it anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period. (more…)
Best & Worst Airports in World.
7 Market Truths
Bulls Make Money, Bears Make Money, And Pigs Get Slaughtered
So don’t get greedy. If you’ve used technical analysis to project a price target and the stock is currently trading at that level, place the sell order and do not change it. This applies to both long and short positions. He who believes that they can squeeze more return out of their trade — the inexperienced trader — is often compelled to sell at a smaller gain. Remember that any profit is a good profit.