Readings: Ken Fisher, Curtis Faith, Culture of Money
Via TraderMike, here are some interesting reads:
5. Bear markets decline between 1.25 per cent to 3 per cent (or around 2 per cent on average) per month. So declines bigger than that could indicate it is a bull market correction.
7. If you’re bearing more than 3 to 4 times in two decades you’re overdoing it!
Over the four years until the program was terminated in 1988, the Turtles posted an average annual return of 80%. (Faith, however, points out that some underperforming Turtle students were dropped from the program early on, so this figure has an element of “survivorship bias.”)
Elements that reflect a Culture of Money:
Waking up thinking about the creation of real economic value (’EV’), obsessing about the creation of EV during non-work time, and falling asleep thinking about the maximization of EV. In short, regardless of whether you are a developer, a product manager, a sales person or the President, it is all EV, all the time.
Related Posts: