When I was asked to give the commencement address to a graduating class of 9th graders, I jumped at the chance.You see, I have four teenagers of my own and I feel like this is the point in my life when I am supposed to tell them something profound.So thank you Buckley community for giving me this opportunity.I tried this speech out on them last night and am happy to report that none of them fell asleep until I was three quarters done.
Saturday, 22 November 2014
Sunday, 16 November 2014
piece of commentary was written by Bradley, Foster & Sargent, Inc. in 2003. While it was already over ten years ago, it still rings true in the beginning of every bull market.]
After spending many years in Wall Street ..., I want to tell you this: It was never my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it. Those men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn.
Edwin Lefevre, Reminiscences of a Stock Operator, 1923
Friday, 7 November 2014
Reminiscences of a Stock Operator is the fictionalised biography of Jesse Livermore, one of the greatest speculators ever. The timeless insights found within these pages have inspired countless generations of investors and made this book one of the foremost investment classics of all time. And although most modern-day investors and traders are familiar with this investment classic, many do not know that Reminiscences of a Stock Operator first appeared in the 1920's as a series of articles and illustrations in The Saturday Evening Post. Now, for the first time ever, this beloved classic is available in its original, illustrated format.
Tuesday, 21 October 2014
Sunday, 12 October 2014
This book is considered a classic by many investors, where Mr. O’Neil shared the lessons he learnt from the like of Gerald Loeb, Bernard Baruch, Jesse Livermore, Nicolas Darvas, etc. Here are a few great excerpts from the book (2009, 4th edition):
Saturday, 4 October 2014
Tuesday, 30 September 2014
[This is the complete Chapter 7 from W. D. Gann’s book, The Tunnel thru the Air, published in 1927.]
In making my predictions I use geometry and mathematics, just as the astronomer does, based on immutable laws.
I am a believer in the Bible. It is the most wonderful book ever written, a book of science, philosophy and religion. I claim that all scientific laws are laid down in the Bible if a person knows where to find them.