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A Venerable Technique

  
Analysis, Education
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JL-One of intelligent honest things that Livermore did was to get out of one market by selling a related market, inducing the other traders to think that there was weakness in one market which would carry over to the related market. The art of indirection and letting people use their own intelligence and inferences to come to their own conclusion. for example if he wanted to get out of cotton, he’d sell some coffee. If he wanted to get out of a common, he’s sell the preferred or a related company that owned a big chunk of it, like sell Christiana which owned general motors et al. This technique one wonders how often is it used today. When it happens, is it artful indirection or chance? How to quantify and what predictions to be made? Would the robots be smart enough to do this?

Don’t apply logic to the stock market

  
  Education
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So often I see people make decisions in the market on what makes sense to them. It makes sense to buy stocks when the company insiders are buying. It makes sense to buy stocks that are making positive announcements. It makes sense to listen to what the President has to say about the company’s prospects. However, all that matters is what the market thinks of the company and whether the buyers are more motivated than the sellers. So often, the market does things that do not make any sense until we later learn of what motivated the market to do what it did. Remember, the market is forward looking, most times, what makes sense is judged on what has happened in the past.

A Growth Job

  
  Education
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  • Is never permanent.
  • Makes you like yourself.
  • Is fun.
  • Is sometimes tedious, painful, frustrating, monotonous, and at the same time gives a sense of accomplishment.
  • Bases compensation on productivity.
  • Is complete: One thinks, plans, manages and is the final judge of one’s work.
  • Addresses real need in the world are large – people want what you do because they need it.
  • Involves risk-taking.
  • Has a few sensible entrance requirements.
  • Ends automatically when a task is completed.
  • Encourages self-competitive excellence.
  • Causes anxiety because you don’t necessarily know what you’re doing.
  • Is one where you manage your time, money and people, and where you are accountable for specific results, which are evaluated by people you serve.
  • Never involves saying Thank God It’s Friday.
  • Is where the overall objectives of the organizations are supported by your work.
  • Is where good judgment is one, maybe the only, job qualification. 
  • Gives every jobholder the chance to influence, sustain or change organizational objectives.
  • Is when you can quit or be fired at any time.
  • Encourages reciprocity and and parity between the boss and the bossed.
  • Is when we work from a sense of mission and desire, not obligation and duty.
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