Speculation
Rules - The Book
This will be the place to set up ideas
for an outline of a book.
Just in case I get ambitious and want to
attempt a chapter or two
First some of the concepts to be
explored.
Speculation Rules
Discover Your Personal
Speculation System
why speculation
is better than investment ( chapter 1)
if you are not worried - you are in danger
when to follow
your (gut) instincts
embrace
risk and manage it
there is a
speculation style that fits you best - discover it!
do what you know to be right even when
it feels wrong
economists exist to make weathermen
look good
wealth is made through concentration
wealth
Is preserved through diversification
speculation success is not
linear
money or
bank
roll management
investing and (not just in) your future
ignorance and the investor
you're
not rich unless you can give
without counting
keep losses small (most investors hang
on far too long.)
investor's
quiz
let profits run (most investors
want to grab any profit.)
offshore
investing / offshore
cautions
your evolving self concept in a devolving
world
the self-tailored society
life
is not linear
If you are in
a hole - stop digging,
if the ship is sinking - get off
be careful how you fight back
how Wall Street works
no one can predict
the future, how to
improve your guesses
Fractals from history to Elliott and
Mandelbrot,
and beyond
avoid the crowd
manage your own money
always buy
the book before you buy the
investment
don't try for the first or last 10%
two
steps forward - one back
personal sovereignty, PT
avoiding debt
If
they call you - hang up
insurance and investments
hedge
funds, futures, forex, real
estate, etc
starting
small - the learning curve -
keep those early losses small
why success, particularly early success,
is dangerous
retirement plans - start early
the macro financial environment
no one cares more about your personal
finances than you do - unless they plan on stealing
your money
inevitable is not the same as immediate
invest your thoughts first
prepare for change
follow
the rules until you know
it is time to break them
the eventual return of your
money is more important than the promised return on your
money.
One speculation we consistently endorse
is to start
your own business. Whether it is an internet marketing
web site or a manufacturing plant you can add real value
to your own life and the lives of others.
The risks and the rewards from creative
entrepreneurship are greater, and of far more value to
society, than illusions of security enslaving human cogs
in the social machine. - Allan R.
Wallace
Appendix:
There is one futures trading system I know that makes
sense and can work - it is not exciting - but
it will work if you work it. I'll give some details
with appropriate warnings here.
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