Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, April 17, 2009

Your mind and "The TOP"!!

We are a Herd animal. Back in the cave, we couldn't do everything. Animals were big, and working as a team, we could bring one down and because there were many of us we could eat for a few days and start the process all over again.

Working in groups and thinking in groups was an advantage. In the market it's a total disadvantage. We are like a massive game of musical Chairs, waiting for the music to stop and we will all try and do it at the same time.

But every day you are betrayed, betrayed by that herd instinct.

It's not because you are Stupid, it's because you are normal.

But maybe the secret is Admitting to your "normality", and moving on.

Maybe that is what it is to be Exceptional, Accepting Reality.

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