Jul

16

 The current issue of Outside magazine has an article called "Could You Survive" with 27 tips on how to survive a shark attack, a cougar attack, an avalanche, falling through ice, and a forest fire. The tips seem very relevant to how to survive in markets. But I don't know enough about survival and Hobo is far away I believe in Ecuador or Blythe and not likely to have access to this issue, so I appeal to the survivalists here to relate the good and bad tips to our field.

Jim Sogi writes: 

Surviving specific threats is very specific. With a bear, one does not fight back, but plays dead after the attack. However, before the attack one must counter charge and wave hands, yell make noise because the first few charges are bluffs. With a cougar, one must fight back with all you have. Prevention, avoidance and awareness of bears and cougars before an attack are even more important.

It's important to know the context in which the threat occurs and the nature of the threat. In terms of markets, its foolish to fight back aggressively at the top of a rapidly falling market. Its a different story near lows after a big fall in a consolidating bottom. That's one of the problems with a list of general rules. While they can be good rules of thumb, they might not apply in a certain specific situation. Beginners or the inexperienced tend to rely on simple rules and get into trouble by applying the rules in the wrong context. When the "rule" doesn't work then panic sets in, multiple mistakes are made and death ensues. Experts use different and more specific sets of checklists and know the context.

Tom Printon writes:

Deep Survival by Gonzales and Checklist Manifesto by Atul Gawade echo Jim's points, both make for good summer reads or re-reads.

Bo Keely writes: 

I ran this by bear, gator, snake & cougar wrestler naturalist Richard Fowler and he sent us this:

THE MAIN THING IS NEVER RUN FROM A WILD ANIMAL. THEY WAIT AND WANT THAT. UNLESS YOU HAVE A SHORT SPRINT TO A PLACE OF SAFETY, CAR, HOUSE, ETC. ALWAYS CARRY BEAR GAS. HOWEVER LONG DISTANCE WASP SPRAY IS BEST. BRING A GUN THAT STARTS WITH THE NUMBER 4 OR BIGGER, AND. ALWAYS SHOOT THE SHOULDER AREA OF AN ATTACK TO UPSET THEIR BALANCE IN THE CHARGE. THEN FINISH HIM OFF. 


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search