Michael Moritz, the billionaire head of Sequoia Capital, was asked by Charlie Rose why Sequoia was so successful. Moritz mentioned longevity, noting that some VC firms succeed for five or ten years, but Sequoia has prospered for four decades. Rose asked why that was: Moritz: I think we’ve always been afraid of going out of… Read More »
One of the best things you can learn about the stock market is how much more there is to learn. Every day, you’re exposed to new information that will help shape your investment decisions and help you make smarter choices as an investor. For example, did you know that businesses are looking for ways to… Read More »
Hard Truth about Trading Anything can happen. Does not need to know what’s going to happen next to make money. Random distribution between wins and losses for any given set of variables that defines an edge Edge is nothing more than an indication of a higher probability of one thing happening over another Every moment… Read More »
By Morgan Housel Abraham Germansky was a multimillionaire real estate developer in 1920s. He also loved stocks, betting heavily as the market boomed. As the crash of 1929 unfolded, he was wiped out. And that was basically the end of Abraham Germansky. Germansky disappeared on October 24th, 1929. Later that week another investor in the… Read More »
Most traders have heard the statistics: “95% of traders lose money,” “Only 5% of traders can make a living at it,” or “Only 1% of traders really make money.” Whatever the particular number is from recent studies, the fact is, many traders will lose money, and it simply cannot be avoided. All sorts of reasons… Read More »
Today, I want to share with you five pivotal rules that I’ve gleaned from one of the most accomplished traders, which have significantly enhanced my own trading journey. Care to guess who this trader might be? While these principles may seem straightforward to some, they constitute fundamental steps in trading—one that every trader will inevitably… Read More »
During the Kurukshetra war, which was described as the Dharma Yuddha, the mother of all battles, no one could remain neutral. You had to be either on the Kaurava side or the Pandava side. Hundreds of kings started aligning themselves on either side. Since Jarasandha of Magadha, who used to be a major force, was dead,… Read More »
“A stock operator has to fight a lot of expensive enemies within himself.” – Jesse Livermore As Old saying says Learn from the mistake of other so as you do not have to repent again. Jesse Livermore was a pioneer in the trading world. He was one of the very first trend traders, rule based… Read More »
Introduction: Trading, with its promise of financial independence and high returns, has been a captivating pursuit for many. The allure of making money in the markets has fueled dreams of quitting traditional jobs and living a life of freedom. However, this endeavor is not without its challenges and pitfalls. In this comprehensive exploration, we will… Read More »
When life has got you in a slump, turn to these inspirational short stories. Not only is reading them like getting an internet hug for the soul, but they just may spark an idea or a change in you for the better. Read on and get ready to smile. 1. Everyone Has a Story in… Read More »