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Trading Rules from -Full Metal Jacket

  
  Education
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I look at charts so often, I usually have to have something on in the background to keep the rest of my brain from rioting. Typically, that “something” is usually a movie or some music, and today I put in Full Metal Jacket (which, like most of my DVDs, I’ve seen many times).

Semi-watching the movie made me curious about the Marines, and I found this really interesting code of principals, which I’ve put below. It’s an impressive list, and I think every element shown here is relevant to trading. Please read it:

INTEGRITY
Uprightness of character and soundness of moral principle. Absolute truthfulness and honesty.

KNOWLEDGE
Acquired information, including professional knowledge and understanding of your Marines.

COURAGE
A mental quality that recognizes fear of danger or criticism, but enables a Marine to proceed in the face of it with calmness and firmness.

DECISIVENESS
Ability to reach decisions promptly and to announce them in a clear, forceful manner.

DEPENDABILITY
The certainty of the proper performance of duty.

INITIATIVE
Seeing what has to be done and commencing a course of action, even in the absence of orders.

TACT
The ability to deal with others without creating offense.

JUSTICE
The quality of being impartial and consistent in exercising command.

ENTHUSIASM
The display of sincere interest and exuberance in the performance of duty.

BEARING
Creating a favorable impression in carriage, appearance, and personal conduct at all times.

ENDURANCE
The mental and physical stamina measured by the ability to stand pain, fatigue, distress, and hardship.

UNSELFISHNESS
Avoidance of providing for ones comfort and personal advancement at the expense of others.

LOYALTY
The faithfulness to country, Corps, unit, and to your seniors and subordinates.

JUDGEMENT
The quality of weighing facts and possible solutions on which to base a sound decision.

Will Rao and FM take a long march into future?

  
  Education
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Will Rao join the FM in the walk-back hand-in-hand with each other?
 
Subbarao, the former RBI governor fired some salvos as a parting gift to the current FM last Thursday. That it took him 5 years to take a broadside at the FM on the last working day of his career, shows how little spine the Central Banker had been left with.
 
More importantly, it brings to the open certain disturbing signs that were spoken off in hushed tones but are now visible in the open.  The lobby of students who have read Economics at school and who now run what else-but the national media and newspapers lapped up Rao’s speech.
 
But who’s responsibility was Rao alluding to when he raved and ranted over the North Block interference and pressures. The fact that he highlighted that RBI was manned by the over 50s tribe, which had no knowledge of financial markets and he himself came from the IAS with a bare-bone graduate degree and past designation as Finance Secretary shows how poorly the educated in this country are treated. There is a segment of jobless PhDs who seek pastures overseas and there is the graduate lobby that has to it’s credit the achievement of having passed the IAS entrance exam but except for a 2-3 month training in Simla have not even the smithers of a professional knowledge. These are the people who run the nation’s finances. (more…)
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