2. Famous Last Words: Don’t be an idiot, who else would use the fast lane in this fog? Of course it isn’t loaded................ Right, hold my coat................... Tell me when I’m getting near the edge............ Now let me see – brown neutral, blue live................ Don’t worry; I know how to tie a rope properly.............. Listen, I drive better after a few drinks................................. Its years since I’ve ridden one of these yokes...................
3. Famous Words in the Financial World: The worst is over Sure nobody could have seen this coming Always diversify China is going to be big! Just like the Internet was going to be big, just like property is the only safe investment, commodities were going to be big Solar energy is a great investment ! It’s a great day to buy stocks –they look undervalued
4. Human Nature I’m really unlucky at trading, the minute I buy something it seems to go down. In fact I’m just an unlucky person. The market is a lottery sure nobody can make head nor tail of it. I like to buy things and when they go up I sell them. If they don’t go up I buy more, sure they’re bound to go up eventually! My stockbroker tells me the buy and hold strategy is the best. Warren Buffet agrees! I prefer to leave it to the experts.
5. Rule No. 1 The first rule about making money; STOP LOSING MONEY
10. Rule No. 2 Discipline Totally lacking in investment Overtrading Where are the stops? Using a buy and hold strategy with leverage in a bear market – lethal The market does not always go up Nikkei Chart Dow Chart
11. Rule No. 3 Know where you are getting out, BEFORE you get in
12. Rule No. 4 The market is a forward pricing mechanism Learn this rule.....this is all you need to know!
13. CRHFeb – Aug 23rd In line with guidance provided in the January trading update
15. Global signs according to Paul Many of the sources of today’s growth are temporary and precarious. The rebuilding of inventories will not boost firms output for long. Across the globe spending is being driven by Government largesse not animal spirits. The world has changed and especially the investment world and it is those who adapt will survive and thrive.
16. Stimulus packages wearing off A great credit contraction is upon us Recovery hopes pinned on cheap credit but new debt has gone out of style
17. This is a bear market All bear markets are characterised by despair, followed by misplaced hope, followed by further despair.
21. What have we learned? I’m really unlucky at trading- the minute I buy something it seems to go down. No you’re just the last man in. In fact I’m just an unlucky person. No you’re just using your emotions and uninformed broker to make decisions.
22. What have we learned? The market is a lottery sure nobody can make head nor tail of it. No the market is a forward pricing mechanism, this is the key to everything. I like to buy things and when they go up I sell them. If they don’t go up I buy more, sure they’re bound to go up eventually! A recipe for having a portfolio of dogs.
30. Think ! If you swim with the crowd you will lose money like the crowd. Last thing to remember is stay away from slow horses and fast women and always ask the question; “Where are all the customers’ yachts?”
