In practice it is the negative that’s used by the pros, those selected by evolution: chess grandmasters usually win by not losing; people become rich by not going bust (particularly when others do); religions are mostly about interdicts; the learning of life is about what to avoid.
Everything gets destroyed a hundred times faster than it is built up. It takes one day to tear down something that might have taken ten years to build. If the economy starts to go with the kind of leverage that is in it, it will deteriorate so fast that people's heads will spin. I hate to believe it, but in my gut that is what I think is going to happen. I know from studying history that credit eventually kills all great societies. We borrowed against the future, and soon we will have to pay.
If you view the world as kind, you believe that, on average, good efforts and deeds are rewarded. But, if you view the world as hostile, you believe that what you do has little impact on your life and everything is up to chance. Your decision on this ...
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Thursday, January 10, 2019
The non-professional will do well not to let his mind stray too far into the unknown territory of what others may do … it is dangerous ground in that it leads toward the abdication of common sense; and after all, others may not prove to be such fools ...
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Tuesday, January 8, 2019
Tokushichi Nomura, the founder of Nomura Holdings, began his investing career during a Japanese bull market in the early 1900s. As the overall market continued to soar, Nomura profited on every investment, but despite his successes ...
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Thursday, January 3, 2019
Possible tech-induced behavioural disorders: Smart Tick: The compulsion to fill any momentary lull in stimulus or social contact with smartphone activity. Evident when a person that is briefly left alone at the dinner table reaches for their phone ...
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Friday, December 28, 2018
So here’s a question I’ve been pondering: How are today’s stock investors going to react if the market continues to plummet? Some of the younger investors have never known a bear market, while some 10,000 Baby Boomers ...
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Thursday, December 27, 2018
‘Tis the season, when strategists and analysts sharpen their pencils to jot down their most heartfelt predictions for the coming year. Full of bravado and confidence, they explain what stocks to buy, whether a recession will come along ...
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Thursday, December 20, 2018
Few people have what it takes to be a great investor. Some can be taught, but not everyone… and those who can be taught can’t be taught everything. Valid approached work some of the time but not all. And investing can’t be reduced to an algorithm and turned over to a computer. Even the best investors don’t get it right every time. The reasons are simple.
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