Discipline, a word loosely tossed around by flawed creatures addled by vices. Whether it be at the gym or in the market, discipline is something that is rare to come by because it means sacrifice.
No one wants to sacrifice because that means they’ll be missing out on some sort of hedonistic fun. Life is fun when practiced correctly; but it comes with sacrifices and consequences. When there is no discipline and there are no sacrifices and people are having nothing but fun, disappointment lurks around the corner: consequences.
When people are disappointed, they tend to lament over the poor decisions that caused such grief, often leading to a multiplier effect, resulting in numerous subsequent bad decisions. When this happens, shit gets crazy, as people try to mop up the mess whilst shitting themselves. Panic ensues and rational thinking goes out of the door.
Crisis begins and everyone wishes they’d been more careful early on in the game.
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I’ve only been coming here since 08, but I don’t think that in ’08 you could have done what you are doing now, and it’s clear as day been the right move in your position. Kudos
In 08, I made over 60% short the market.
you didn’t sit out for a couple weeks, though, which is what i was referring to
It’s George Bush’s fault.
discipline is dead. the young think steroids and retarded wrestling is discipline. the old think popping a thousand scripts to not be old is discipline. the ones in between the true middle aged(30’s & 40’s) actually practice it. sometimes.
Pirates practice patient restraint. We wait, preparing a list of ships. When the time comes, we pull along side, full speed. Board the vessel, plunder their goods, and make ’em walk the plank.
In this method, we pillage and plunder where others participate in the panic.
I think your full of shit about one of those statements!
Never sell a dull market short.
any stories to go with how you learned this lesson?
What the fuck are you saying son? Are you getting bearish or waiting for a pullback to get long?
… when your cable company jerks you around you get stressed out … when you get stressed out you go blow off steam … when you go blow off steam you get an eyepatch … when you get an eyepatch people think you’re tough … when people think you’re tough they want to see HOW tough … when people want to see HOW tough you end up in a roadside ditch !
Don’t end up in a roadside ditch !!!
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You do commercials too? I thought song lyrics was your only gig.
… I do it all !
Why … I’m juggling while simultaneously doing a bit of ventriloquism right now as I type this !
I may just bust out a profane limerick or two here in a bit … after a few more glasses of Yellow Tail !!!
.
… still …
SHORTER THAN FORMER LABOR SECRETARY ROBERT REICH !!!
.
I met him. The camera adds a few inches to him. He’s pretty much a little person.
He’s no Verne Troyer, however.
Which leads me to the conclusion that Alf is less short than he has been.
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dear stock gods, please strike AAPL down tomorrow. Thanks, Nymph
Please strike CDE down tomorrow as well. Thanks, Bullish
You are clearly one dumb fuck. Good day.
Thanks, Fly. Your well-written topic reminds me of a quote from the author Frank Herbert:
“Seek freedom and become captive of your desires. Seek discipline and find your liberty.”
That’s a good one. Thx for sharing.
That middle paragraph reminds me of the same cadences as the DeNiro/Capone “A man has his enTOOziazms (sic)” speech in The Untouchables.
Were you carrying a baseball bat when you wrote it?
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Another great movie, shot back when Woody Allen was just freaking funny and not an auteur freak who looks funny, is the great “Bananas.”
Enjoy another Crooklyn classic.
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Fly, That is my favorite blog ever written by you. Printing this out and posting it for all time. Thanks.
Like bottles at PC on a Wed. Yes I feel guilty, but #waitingintallbladesofgrass
anybody read Felix Salmon’s tech crunch article and his take on Altucher’ s post on all his criminal behavior? I couldn’t find it…weird….said he was bragging about breaking the law and getting away with it…sets a good example…and he gets gigs on cnbc! says a lot! lol
Link??!
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just don’t eat the freaking marshmallow kid.
discipline and sacrifice are variables – some might look at a five star meal at a pricey restaurant as a reward- others an indulgence that reeks of arrogance and sloth.
I want to punch the mustache off that douchebag portrait you have representing discipline.
That is possibly the best front cover pic we’ve ever had here.
It is the epitomoy of:
“Indeuuuuuuuud!”
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Discipline is when you sell after hours when earnings are released, banking 7% gain on 60%, and waiting for market open to sell the rest at 12% gain…It may not be maximum profits but it certainly limits risk and no one ever went broke taking profits.
Insider selling soaring, bitches
Wipe the shit out of your eyes …
Short and hurting, I presume?
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“No one wants to sacrifice because that means they’ll be missing out on some sort of hedonistic fun”
Timely post. ’tis the Lenten season you know.