Jun

20

For sailboat racing, good conditioning comes from ripping up hundred dollar bills in a cold shower with the lights off. I'm thinking something similar for trading.

A Letter from the President of the Old Speculator's Club, Jack Tierney: 

While this is an accurate observation, it's applicable solely to the owner. Those of us who spent our springs, summers, and falls "crewing" didn't suffer similarly from the experience. On the contrary, when offered a boat of our own at a "give-away" price, we politely declined– the perceived glamor far exceeds the reality– just as Wall St. movies are generally completely off the mark when picturing the "ease" with which fortunes are amassed.


Comments

Name

Email

Website

Speak your mind

1 Comment so far

  1. david on June 20, 2011 5:03 am

    Are you saying you’ve then trying to go long snp since may 31st?

Archives

Resources & Links

Search