GAIL'S BLOG

Preparing for Life-Joyful reminders

Many years ago I read a great piece by Byron Wien. He was a financial expert at Blackstone Advisory Partners L. P. He spoke at an investment group about what he learned over the course of his career. He was encouraged to share his thoughts with a greater audience. Basically, it was the lessons he learned over the first 80 years of his life. He said he wants to practice them in the next 80 years. There were 20 points in all. Some will surprise you. All are just great reminders. Enjoy!

  1. If you want to be successful and live a long, stimulating life, keep yourself at risk intellectually all the time.

2. Network intensely. Luck plays a big role in life, and there is no better way to increase your luck than by knowing as many people as possible. Nurture your network by sending articles, books and emails to …

Read More »

Rules of Trading Applied to Life

Many years ago I attended a lecture on trading in chaos and uncertainty.  The times have changed since then and the marketsNUMBERS are very different.  We now have algorithms and electronic trading but there are rules that we still apply.  Here are a few that can be used for trading and for success in life:

  • The safest time to make a move is when there is the most uncertainty.
  • Embrace the uncertainty
  • Better to embrace change than “chase”
  • Act on knowledge
  • Train yourself to act.
  • The system you use must fit your life style
  • You need the confidence of a winning approach
  • Learn to manipulate the odds in your favor.
  • Think like the rich.  The rich get richer.
  • Let good things happen.
  • Let someone else’s  “panic be your profit”

 

 …

Read More »