I think it’s time to introduce a little self examination into the blog conversation. My opinions, as well as yours (especially yours) mean absolutely nothing, with regards to money management. While you may believe in a thesis or an idea, at the end of the day, your opinions must form around reality, else your money will run out.
Case in point: I am very much interested in seeing the prospects of gluttonous silver miners routed from public discourse, via outright bankruptcy, of the most horrendous variety. However, these same piggish individuals may endeavor, through steadfast determination, to see my short position dissolved through my own insolvency before that of their own. It is my job, as a member of the investor class, to foresee such an incredulous event and cut losses. Sometimes I cut them slow, others times with great expediency.
Some believe my opinions are too malleable, easily molded to conform with current events. However, it is this flaw that tends to be my greatest attribute, oddly enough. I’ve been a horrible forecaster with regards to investment philosophies, over the span of my illustrious career. At times, my thesis can be exactly the opposite of what needs to be done. However, I’ve managed to make a great deal of money for my clients and even more for myself, thanks to the law of large numbers and multiplication.
Think about the amount of money you’ve made in your finest year and multiply it by 10 to get an idea of my annual take.
Back to my point. You mustn’t pretend to be a great philosopher or fortune teller of the market. Instead, march with bold strides and keep a hard exterior, while remaining a humble student of it, consistently demanding more from your efforts. It is not enough to simply try hard. You must finance your education and dedicate time towards your struggle.
Opinions are fun and serve as points of contention for market participants to filter and gather conclusions. However, they should never be viewed as gospel or de facto blueprints for long term investment plans. The world is dynamic and correlations are in flux, lending to instability.
Often times true knowledge can be ascertained through the study of actions, both by 1st hand experience and through the examination of others who know what the fuck they are doing, unlike your dumbass.
In short, you need to shut the fuck up and watch the pimp hand, in slow motion, as it rains down a handful of stinging pain on your fat faces.
Good night.
[youtube:http://www.youtube.com/watch?v=a35rNEBNiO4 603 500]
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