Sangfroid~ Key for enjoying health and prosperity in the markets.

February 22nd, 2010 by Rich

After being named Top Strategist by Institutional Investor Magazine, he left Merrill to form Comstock Partners.

After another decade going against the group to profit, his heart finally gave out at age 53.

http://www.nytimes.com/1996/09/08/nyregion/stanley-salvigsen-market-analyst-53.html?pagewanted=1&pagewanted=print

Brilliant supertrader Frankie Joe had a similar demise.

After winning a number of public trading contests, reported in Barron’s, his heart gave out at the relatively young age of 42.

It is hard to go against the crowd.

As many as 99% of traders and the majority of money managers do not beat the market or make money. People who do not limit losses and let profits grow with stop order type disciplines do not last.

http://www.jstor.org/pss/2329351

http://www.traders-talk.com/mb2/lofiversion/index.php/t5395.html

George Soros has described how a bad trade can cause him actual physical discomfort in his back. One of the world’s outstanding speculators, known for breaking the Pound for a billion dollar profit in 1992 and the Malaysian Ringgit in 1997. He is also a member of the heart attack club.

http://en.wikipedia.org/wiki/George_Soros

The sum total of our financial experience confirms what the Bible says in Matthew 7:13-14:

Enter through the narrow gate; for the gate is wide and the way is broad that leads to destruction, and there are many who enter through it.

We have found the Big4 practice this principle of successful investing, often going against crowd psychology to accumulate unpopular positions.

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This entry was posted on Monday, February 22nd, 2010 at 7:58 pm and is filed under Prosperity. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Sangfroid~ Key for enjoying health and prosperity in the markets.”

  1. Vahram Says:
    February 26th, 2010 at 4:25 pm

    Rich can you enlighten me on what the Big4 and TopTen is? I see you mentioning it now and then in your posts. I’d be interested, even if you could email it to me.

    Regards

  2. Rich Says:
    February 28th, 2010 at 7:13 pm

    Aloha Vahram
    Big4 is a Weekly Asset Allocation Report of the net position of the four largest traders in each asset category for $2000 a year with a money back guarantee if ideas do not cover costs in a year.
    TopTen is a Seasonal Portfolio of Closely-Held Dividend Discount Values with the same money back guarantee for $1000 a year.
    Subscribers repeat and grow because of performance through various market cycles.
    Expired copies of back issues to protect current subscribers were sent to your private address.
    Regards*Rich

 

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