Mar

15

 It's amazing how smart the public is, and how ridiculous all the experiments of the expert's breakfast friend are that duplicitously show how irrational the public is when confronted with contrived situations with deceptive self serving to the academics answers. They always sense when someone knows what he's talking about and pay attention as they did to my lessons from hard ball squash, giving more responses than any other of my posts except the one about Lady Gaga and what she can teach us about the idea that has the world in its grip.

Okay, I have to give some more lessons from the one thing I know about.

7. Never hit a soft drop shot. The opponent will be able to get there near the end of a game and kill it. It's especially bad near the end of a game, when the opponent will run for anything, do or die. Lobs are sure losers near the end of a game also for the same reason. Don't ease into your positions. You'll only get filled when it breaks out, and that's the only time that the opponents will certainly have the weather gauge. And don't arabesque into trial positions in small markets just to get your feet wet as the Pelicans at the top of the pyramid will always eat your bait, as they don't allow outsiders to dine at their expense, especially when the resources are limited.

8. Don't try to win the point with the same shot over and over. Your opponent knows when they run you up to the front right, on your rightie forehand that you are going to hit it cross court. If you happen to catch the perfect angle so that your opponent can't intercept it, and belt it down the backhand wall, for sure it was luck or he'll try harder the next time and you will lose the point. Always be ready to return the straight drop to the right side wall down the wall instead. Please don't try to make money from the market the same way two times in a row. How foolish do you think the adversary is to allow you to take his chips twice in a row. He was only setting you up for the big kill. Most people have a very good memory of what happened the last time, especially if it was a vivid loss. They are so angry that they will put their resources against you the next time, without hesitating to take billions of bail out money which they have received, or use costless loans from their past, current or future cronies at the Fed to go against you.

 9. Please learn from racquetball and jai alai how to hit a proper backhand. The swings of the racquetball players on the backhand, very nicely memorialized by the Hobo are infinitely better than the squash swings. They have 5 separate torque in there to give it exponentially more power than the placid Philadelphia, old boy English swing. And the Philadelphia swing is 10 times more powerful than the ridiculous backhand that the old Harvard players were taught in the hard ball game with the slice backhand with hardly any backswing, and no torque at all. I shudder at how high a % of the games I lost came because of the weak Harvard backhand I was taught and was too foolish ever to change, possibly because the only one that could beat me was Sharif. Martie Hogan's backhand in racquetball was a thing of beauty and since that time, it's been improved upon every 3 years or so by the next generation of racquetball players. Pedro Baccalo had the best backhand in squash which he learned from jai alai, and he could hit it 5 times harder than any other player because of all the torques in it. Learn from these improvements instead of watching the placid, effete swings of all the old time squash players and as far as I can see, the current crop of Internationalists. Okay, for crying out loud. The best lessons in markets and any field come from the borders where it meets another field. You'll learn more about markets from studying checkers or ecology or statistics or sports betting than you will from all the books on markets combined. Study the greats in other fields, e.g. Bronstein, or Armstrong or the Globetrotters to see the secrets of winning in markets.

The first six lessons:

I often get asked to talk to kids about the good old days of squash when you could make a point with a sharp angled shot and a long point only lasted 30 seconds. At a recent occasion talking to Hopkins kids I tried to relate the lessons of squash to wider endeavors. While doing it, I found myself in a dream world where flashes from markets, life, business, and school, circled around, crossed over, and fed back on each other. Since this is the one subject I know about, I thought it might be useful if I turned the tables and tried to think of the lessons that I learned from squash and how it relates to markets.

1. The game is always changing. Who would have thought that hard ball squash would now be as dead as squash tennis, or court tennis. There were once 2,000 court tennis courts in France before the revolution, but now say 10 in the world. There were once 10,000 hard ball squash courts in the world. Now, hardly any as they've all been converted. The markets you are trading now are likely to be very different from the ones you'll trade in 25 years. The rules and equipment will have changed. Electronic speed and international standards will replace manual method. I find it hard to believe that the things I traded 10 years, ago, foreign exchange, bonds, options, are no longer viable for me. How many others will find this out to their cost if they don't prepare for it.

 2. The officials, the rule making body, the association in squash, will always be like most such associations a body devoted to maximizing the power, perks and profits of the officials. Time and again, they stood in the way of professional play on the grounds that it would weaken the amateur spirit of the game, the English way of stiff upper lip, poverty for the serfs, and noblesse oblige. If you wanted to be successful in squash, it was very important to stay in the officials' good side so that they wouldn't keep you out of the good spots and good tournaments, as they so often did to me and Gardner Molloy, and countless others. If you want to be successful in the markets, be sure that the rules are not stacked against you. That you will not receive margin calls so that the officials can take the other side against you, that the members will not be able to get the edge on you thru access to unlimited capital, flexionism, and self serving decisions like those that arise when you go to arbitration on an Exchange, where the referees, and judges are invariably chosen by the exchange itself. How can you expect them to rule against their friends and cronies.

3. Counting and record keeping are crucial. A good squash player, should know exactly where the ball will land, when he hits any shot, given his current position on the court, the angle of the wall he aims for, and the velocity of the shot. You could work it out by geometry given starting with the angle of incidence equaling the angle of reflection. Very few players take the trouble to figure it out, or even think about it. How many good market players don't know what the expected volatility is on their trades given how fast and the direction it's been going in the past?

4. The first blow is half the battle. The player that gets ahead by 2 or 3 points is inordinately likely to win the game. The importance of a good start and good preparation are paramount. Bronstein once waited 2 hours before deciding on his opening move while the clock was running. The first blow in markets is still crucial. The expectations are much higher when the first x minutes are up compared to down.

 5. One of the keys to winning in squash is never to stretch. When you stretch you can't hit a hard shot, and you're limited in where you can hit it, so you're opponent can always anticipate perfectly where the shot is going. The other side is that you should always take the extra step so you'll be in position to hit any shot. It's so enticing to stretch because it saves you the step and enables you to get the ball in play but so certain to lose to losing. How many time do you stretch in markets. Put on too big a position, take a regularity that only has happened 3 of the last 5 times and run with it? How often do you end up leaving yourself vulnerable to an adversary who knows exactly how extended you are, and come into full force against you? Certainly one of the worst errors in markets.

6. I could never figure out why Sharif Khan had a winning record on me. He was sure to make at least 5 errors a game, and had a weak backhand that turned over the ball whereas I could go a whole match without making a single error. Then I realized he was the only person that could make 7 winners a game against me, where the ball bounced twice before I could touch it. Then I realized that what he did was to take every shot on the half volley. He worked off my power so that the ball came back at a higher velocity. He also didn't give me time to set up to return the ball. Most important though, by violating the stricture we had learned to wait and make the opponent commit, he prevented one from anticipating his shot and tucking in to retrieve it. Since that time Agassi and even the more loathsome sportsman Connors have pioneered using the half volley in tennis to beat players with much better equipment than they in tennis. Nowadays it's de rigeur in tennis.

Taking it on the half volley in markets means not waiting until the afternoon to put your positions on, not waiting until every market that 's a pilot fish for your market is in the right direction, not waiting for the announcements to reduce your uncertainty. If you want to speculate you have to speculate. Only the house can wait and grind you to oblivion. Taking it on the half volley in markets is getting in way before the pivot has occurred, way before the trend has changed. It's the secret of success of great players in racket sports and markets. Come to think of it, it was the secret of success in handball also.

The old time handball players are so much better than the current ones. Why? For one they hit the off the wall with deadly precision. Artie had a fantastic off the wall shot, and somehow his football killed arm was able to miraculously get back to its youthful vigor when he hit it. He always said that Ralphie Adelman was the best because he could hit everything off the wall for a killer. I now see that Martie Hogan is espousing standing in front of the service line on each shot in racket ball as the key to success there. Some day someone will teach the handball and racket ball players of today that the off the wall killer is key in games and markets.

Chris Tucker writes:

Point 5 is the similar to using power tools as I mentioned in "On Taking Down a Tree":

Never extend your reach beyond what is comfortable. Using a tool at more than arms length puts you in a position that prevents you from reacting quickly if something goes wrong. It puts undue stress on you and the tool. It removes whatever leverage you have on the tool. It also prevents you from "feeling" properly through the tool. When using a power tool you receive signals about the material you are cutting and the nature of the stresses on that material. You can always tell when a branch is about to go if you are listening carefully to the tool. That feedback is denigrated by reaching too far or by using only one hand.

When developing skills you must, occasionally reach beyond your current level. This is different from overextending your reach. But it is important to do so incrementally as overstepping your bounds too egregiously can result in devastation and trauma. Taking small steps into new areas or higher intensity or greater complexity allows you to learn while remaining close to your comfort zone. Yes, you have to reach in this sense, but you want to do it in such a way that you don't destroy yourself in the process. When you push yourself in this way you also expand your comfort zone and your skill set. This can be the translated into taking on larger size, increasing leverage, having more trades on at one time, or introducing new instruments to your repertoire.

John Floyd comments: 

 I think Ari would say, "you should set goals that are constantly reaching further, but attainable, then gradually keep moving forward. If you have a stumble then pause and evaluate why. If you set a goal too far out of reach you may be faced with disappointment at not getting it".

Charles Pennington writes: 

Steve Sailer has a nice illustration of the problem with some of Kahneman's questions.

Apparently the following background information is NOT supposed to convince you that Jack is more likely to be an engineer:

"Jack has a B.S. degree from Purdue. At work, Jack wears a short-sleeve button-front shirt with a pocket protector full of mechanical pencils, just like most of Jack's coworkers on his floor. Jack always wears a tie clasp to keep his necktie from getting smudged by the blueprints when he leans over a drafting table. Jack's favorite line from Shakespeare is, "The first thing we do, let's kill all the lawyers." In fact, that's the only line from Shakespeare he knows. Jack wanted to name his firstborn son Kirk Spock, but his wife wouldn't let him."

David Hillman comments:

From Forbes' "Five Leadership Lessons from James T. Kirk" (applies to lone wolves and markets as well) :

“You know the greatest danger facing us is ourselves, an irrational fear of the unknown. But there’s no such thing as the unknown– only things temporarily hidden, temporarily not understood.”

“One of the advantages of being a captain, Doctor, is being able to ask for advice without necessarily having to take it.”

“Risk is our business. That’s what this starship is all about. That’s why we’re aboard her.”

“Not chess, Mr. Spock. Poker. Do you know the game?”

“‘All I ask is a tall ship and a star to steer her by.’ You could feel the wind at your back in those days. The sounds of the sea beneath you, and even if you take away the wind and the water it’s still the same. The ship is yours. You can feel her. And the stars are still there, Bones.”

 


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24 Comments so far

  1. steve on March 3, 2012 8:20 pm

    Supporting information.

    in 1984 I earned my Series 7 license as a stock broker. Now the term does not even exist. We traded stocks and bonds. Mutual funds were just starting out and we never even were aware of managed money. We sold Limited Partnerships in oil, real estate and natural gas.

    I got my information from the wire service which was received on a ticker tape. I got charts from Daily Charts William O’Neill’s company on a weekly basis.

    I had a TRW screen. to get quotes.

    The volume on the Friday after Thanksgiving was 59 Million on the New York. Then we had the American Stock Exchange and the Over The Counter. We also had the pink sheets.

    People actually read the Wall Street Journal and the New York Times, and the financial news show was Wall Street Week with Louis Rukeyser broadcast on Friday evening. Bob Prechter was the financial guru and Joe Granville was still popular. Michael Milkin was in the midst of articuling the junk bond market. Peter Lynch was running Fidelity Magellen.

    IBM was Big Blue. Technicians followed the GM indicator. AT and T was the communications company and the baby bells were not created yet. Dos was just starting out. Personal Computers what were those.

    Akron was the tire capital of the world. Steel was forged in Pittsburgh and Youngstown. Cars were made in Cleveland and Detroit. Rochester, Erie Pa. Buffalo, were thriving chemical towns. Textiles were made in the South.

    I could go on perhaps there are others who wish to wax nostalgic.

  2. Ed on March 3, 2012 10:59 pm

    Victor this is one of my favorite posts after having followed your writings for I think around 10 years. Great job.

  3. Eric Schayer on March 4, 2012 5:53 am

    If civilization is repression, as Freud said, then its informational counterpart is, shall we say, bologna. I’ve always thought if you look carefully enough at anything, you’ll find a con somewhere. The universe itself is merely a juxtaposition of antitheticals that in the end cancel, leaving behind what you had in the first place … nothing …

    & so it is with economics. What are supply and demand but a correlative pair (Hegel) - like opposing electric charges, equal & opposite - that add to zero under algebraic manipulation?

    Speaking of manipulations, where will the money be when the T-bills come due & nobody wants them anymore? Can’t we at least call them TP-bills?

    What’s the difference between the US debt/fiat currency/T-bills/etc . . & a gigantic ponze scheme? That’s it! Free Madoff, & let him explain to the one’s holding the notes, “backed by the full faith & credit of the US government,” & see who’s laughing …

    Murray Rothbard’s excellent article regarding fiat money, the government’s bankruptcy, & the good old days when gold was gold was gold, & nothing had to be backed by anything because its intrinsic value was all anyone needed — well, that article helped solidify my understanding of money in the land of the free and the home of the brave, where none but a few want to tell it like it is …

    Barring unforeseen confiscations, almost anything is safer than the dollar … & when it finally collapses? I think Asia’s up & coming … so is broadcasting (online, especially). Speaking of which, have you seen, “King of the List”? It’s no further than a mouse click … www.RonAndCraig.com … & here’s the Rothbard article … http://mises.org/money.asp

    Cheers,

    Eric

  4. douglas roberts dimick on March 4, 2012 7:37 am

    Two for Four

    When the Chair observes how “things I traded 10 years, ago, foreign exchange, bonds, options, are no longer viable for me,” one may concur — we increasingly hear such commentary as markets intensify with automation and expand with algorithmic systematics.

    Military historians and tacticians will note that strengths can be turned into weaknesses. During the first three years in developing my Theory of Quantitative Relativity (or QR), research presented convincing proof that program systematics and (semi- or manual-executed as well as) automatics could prove likewise.

    The issue becomes how to design program trading architecture, whereby that “game is always changing” dynamic of market ecology becomes a constant instead of a variable (i.e., data correlation relative to program indicator-function) for state-input-output processing for order execution. For instance, by way of a simple analogy, when Victor trades during any give day, he operates with a level of (less or more) efficiency as any (automated or manual) electronic exchange system, right?

    Actually, his neurological functions are partially comprised of electronic exchange processing systematics, two wit: “Until the early 20th century, scientists assumed that the majority of synaptic communication in the brain was electrical. However, through the careful histological examinations of Ramón y Cajal (1852–1934), a 20 to 40 nm gap between neurons, known today as the synaptic cleft, was discovered. The presence of such a gap suggested communication via chemical messengers traversing the synaptic cleft, and in 1921 German pharmacologist Otto Loewi (1873–1961) confirmed that neurons can communicate by releasing chemicals. Some neurons do, however, communicate via electrical synapses through the use of gap junctions, which allow specific ions to pass directly from one cell to another… Release of neurotransmitters usually follows arrival of an action potential at the synapse, but may also follow graded electrical potentials.”

    See… http://en.wikipedia.org/wiki/Neurotransmitter

    The point here that escapes discussion to date about program trading architecture – as it did me early in my R&D – so concerns the underlying predicate to automated processing as referenced herewith… As neurological operation requires chemical-based systematics and not electrical as once presumed, QR posits that electronic exchange markets operate by a single principle that governs the physics (or physical operation) of such transaction-concentric systems – including the four aspects indentified in V’s article.

    Accordingly, in that QR provides an analytic method for understanding electronic exchanges of securities, we can analyze and distinguish that now 70% (and increasing) share of all such transactions. Again, consider the nature of Victor’s four general issues. First is electronic speed and international standards (or what QR correlates as rules-based constructs); second are rules-based categorization of order-execution protocols; third is quantitative correlation of systemic and nonsystemic risk, and; fourth may be consolidated into and summarized as (non)dynamic modeling. Now ponder the 5-w implications of each as so listed when considering both the nature of and math involved witn understanding contemporary markets…

    What and how many elements now comprise either a single strategy or a series thereof?

    How can electronic systematics combined with automated indicator-function modeling overcome those obstacles (when not barriers) to successfully operating in today’s markets?

    If we follow the lead here of our seated father of quantitative impression, then the answer may not be – as has been practiced successfully but also self-destructively – in the denomination (or “algo-quant-i-fi-ca-tion”) of market data (state-input-output) correlation but instead the numeration of state-input-state systematics evidencing the rules-based structure itself.

    dr

  5. Peter on March 4, 2012 9:25 am

    Spot on!

    Who remembers Insilco? As if…

  6. André René Roussimoff on March 4, 2012 2:57 pm

    Great stuff Steve. It’s amazing how the images and habits of a culture can change over time. In my native France, for example, there was once a prison called the Bastille, and we also once had a popular water called Perrier. It was known world over so you might have heard of it. Now all you hear about it Pellegrino.

  7. Ralph Di Fiore on March 5, 2012 1:23 pm

    Your point number 3 reminds me of my racketball playing days at Ambassador University in Pasadena, the scene of the famous incident between Bobby Fischer and the braggart chess player from UCLA that was recounted on this site some time ago. I played in those courts and used to amuse myself, when a comparable opponent couldn’t be found, to play against a weaker player by handicapping myself and not allowing myself to run on the court, only walk. Since I knew the angles of the shots so well, I used to watch my opponents expend endless amounts of energy in a futile effort to win the game and a few points. A quick comment on scalper Vic. This past weak I needed a couple of tickets to a Raptor NBA game and my trusty ticket agent got me two tickets, delivered free of charge, to my office, with only a 20% markup to a game that was sold out.

  8. steve on March 6, 2012 9:39 am

    Andre Roussimov aka Andre the Giant was a professional wrestler born in Grenoble France died Jan 27 1993 He also was an actor seen in the Princess Bride. As a consequence of his demise nearly 20 years ago I doubt the validity of such person existing today and contributing to the website.

    I guess I could impersonate someone like Steve Borden aka “Sting” or Ed Leslie aka “Brutus the Barber” but I like to write under my true name and not anothers.

    Staying on track with the conversation here:

    The WWF World Wrestling Federation was forced to change its corporate name to WWE the World Wrestling Entertainment. This was as a result of a lawsuit filed by the World Wildlife Fund for trademark infringment So market lesson here? maybe but I have not clue what it may be.

  9. Palmer on March 6, 2012 10:59 pm

    Great picture of you and Ben H!

    The new players have better technology but as you say are not better players.

  10. douglas roberts dimick on March 7, 2012 5:34 pm

    Pertinacity

    My iGoogle Daily Literary Quote gadget today includes the word…

    pertinacity (noun) - a steadfast adherence to an opinion, purpose, or course of action in spite of reason, arguments, or persuasion…

    See… http://www.merriam-webster.com/thesaurus/pertinacity

    Not sure if the Chair would categorize it as a separate or inclusive lesson, but the nature of this aspect of human desire (or will) would appear central to success (and failure?) in sports and the markets…

    dr

  11. Sam on March 8, 2012 10:06 am

    “recent occasion talking to Hopkins kids…”

    Clever t-shirt I noticed up there yesterday, “Hopkins: Older than Gravity”… presumably a reference to the school’s predating Newton’s “Principia.”

  12. Andre Wallin on March 9, 2012 9:45 am

    tight aggressive is the only route. in poker players who are ‘ok’ can win with the right hands, but they seldom hold on to it as they expect conditions to remain the same. “defensive, defensive, defensive, aggression” should be the mantra constantly being recited through one’s head. i think you can change it up if you are VERY in flow with the conditions the market or in poker the other players but this is rare and you must be 100% honest with yourself.

  13. Mark Johnson on March 10, 2012 7:27 am

    Dear Victor,

    When you mentioned to study ecology, checkers and sports betting i thought of the late Frank Rosenthal-In his later years he wrote many articles that also seem to pertain to the markets-here is one.

    Aces Ten Commandments

    Written by Frank Rosenthal on May 08, 2006

    Successful sharpies, winners in games of chance are required to practice and obey a self-styled discipline that separate the elite from the ordinary. Some may vary slightly, but for the most part, strict adherence to the following, combined with a specialized scholarly intellect are mandatory commandments.
    1.Thou shall not engage in drugs or hard liquor. Beer, not to exceed 5% alcohol is borderline.
    2.Sexual activity during the hours of “action” should be avoided.
    3.Calculating, with speed of mind, and be deliberately decisive.
    4.A heavy and turbulent romance is not only compromising to the consummate handicapper, it can be destructive.
    5.Never wager against a dead-bang drunk. They’ll knock you down just about every time.
    6.Respect the line and opposition. Do not “copper” top syndicates.
    7.Be conscious and aware of your bankroll, thereby being able to withstand bumps, bruises, and form reversal.
    8.Always look clearly at both sides of the coin, rather than your side.
    9.Never ever fall in love with a player or a team. Cold blooded is the name of this game.
    10.Winning and final scores can be misleading. Check out the closing numbers from 2 or 3 of the top shops. If you didn’t beat the closing numbers, you’re borrowing, and over the long haul, you’ll get nailed.

    Good luck!

  14. Andre Wallin on March 10, 2012 2:38 pm

    my opinion is that wall street is fundamentally based on the current reality that there is a large disparity between private company PE multiple and public company PE multiple and this exists because too much liquidity is chasing too few assets. It will end at some point, but nobody knows when and it is at the mercy of the prevailing bias of the masses as it relates to 401ks and the stock market. I believe its coming to an end and I invite any counter arguments.

  15. Jeff Watson on March 10, 2012 10:11 pm

    Mr Wallin, Reading your previous answer makes me very curious. Why do you give the same answer on this post that you gave on the bottom of my most recent post on my blog at MOTU? http://masteroftheuniverse.wordpress.com/2012/02/24/japan-rally/
    This is very strange behavior, and I would appreciate an explanation that might clue me in. Otherwise, it’s very creepy and most disturbing, almost as disturbing as when you were having conversations with yourself on my blog using different pseudonyms but still having the same ip address.

  16. Jure Bulog on March 11, 2012 7:16 am

    Hi Victor, I have just finished reading your two books on investing and life. I enjoyed them a lot, they opened my eyes to the failed methods I have been using, namely Technical Analysis. I have made money on occasion but have pretty much lost money.

    The methods you use around data analysis seem very sound to me, but as I am not a statistician but have an accounting background and qualification I just do not even know where to start. I don’t have the time to go off and do a statistics degree , but would like to develop the necessary skills so that I can improve my batting average and start to get some winning years.

    So I am asking where should I start, be it books or courses that you would recommend to get me on the right path to winning.

  17. vic on March 11, 2012 4:18 pm

    I would auggest that you use your accounting ideas to improve your trading and forget about technical analysis. there are hundreds of papers on accounting anomalies and how they impract individual companies stocks. The footnotes, the qualifications, the cash flow versus accounting earnings, the ratios. all these have been studied and quantified and come into particular focurs with the sec filing and quarterly earnings reports. The imiportance of keeping good records for youself is important because the files of past data, unless you’re using the as is data could be very misleadint. You mite start by looking at markets and individual performance around earnings seasons, and key individual reports if you owish to trade markets rather than individual stocks. Accounting bakround is particlary helpful for seasonl anomalies, like what happens at the beginning and ends of periods. Dont give up, but keep much better accounting records and read every academic paper on ssrn and google, and upddate them to see if still working. vic

  18. steve on March 12, 2012 10:06 pm

    Outstanding discussion so much to learn one of the most important threads in a long time.

    You mentioned backhand. I played tennis in 70’s when the sport threatened Golf as a sport. Now it is an anachronism in the US at least. I remember Chris Evert with her two handed backhand. Lendl with his brutal backhand, the very great Jimmy Connors the greatest return of service ever, and Andre Agassi who evolved into a fabulous winner. Roger and Nadal are so complete they are scary brutally so.

    One final note. work on your weaknesses more than your strengths. I have lifted weights for 40 years and i was blessed with a body that responds to weights well. I had great lats and calves. Others were sorely deficient in these two body parts. I once read a book by Arnold who said that “Guys who do not row do not win competitions. I also worked hard on my calves. They stood out. There wer guys with bigger chests but they had spindly legs and poor backs.

  19. Jure Bulog on March 13, 2012 8:54 am

    Hi Victor,

    Thanks for the advice, I better get to work on my new direction.

    Cheers
    Jure

  20. Jeff Watson on March 16, 2012 9:05 am

    Vic, you gave one of the most important market lessons ever when you said, “The best lessons in markets and any field come from the borders where it meets another field. You’ll learn more about markets from studying checkers or ecology or statistics or sports betting than you will from all the books on markets combined. Study the greats in other fields, e.g. Bronstein, or Armstrong or the Globetrotters to see the secrets of winning in markets.” Truly a meal for a lifetime in just that one paragraph.

  21. Ed on March 19, 2012 9:12 pm

    I think the “not hitting a soft drop shot” is critical. Trying to be too cute has an ego factor that is almost always bound to fail.

    Reminds me of trying to be too clever with a girl(causing eyes to roll) when bold deciciveness would have created the desired palpitations.

  22. vic on March 20, 2012 8:05 pm

    Yes, thanks ed. see gilbert on that point “bold heart wins fair lady” or ” fortune favors the bold ” or nelson of course ” just go rite at them. forget the maneuvers, pass the salt shaker if you will, Jack”> vic

  23. Roger Tompkins on April 18, 2012 5:49 am

    Excellent, sir. And the comments are absolutely priceless!

  24. Anonymous on June 12, 2012 12:39 pm

    ) or (’1′=’1–

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