This page has been archived and commenting is disabled.

The Value of Losing Money?

Leo Kolivakis's picture




 

Via Pension Pulse.

On
Saturday morning, I caught a glimpse of CNN's Dr. Sanjay Gupta
interviewing Dr. Joseph Maroon, a neurosurgeon at the University of
Pittsburgh Medical Center and a team physician for the Pittsburgh
Steelers. Dr. Maroon is a member of the NFL's concussion policy
committee, which has recently been criticized by the House Judiciary Committee for inadequate research and ethics related to player concussions.

But
I'm not covering any NFL controversy here. What caught my attention is
that Dr. Maroon hit a brick wall years ago when he experienced the three
D's: death of his father, divorce, and a deep depression. He got on the
treadmill one day and started running. He felt so good that he said it
was the first night he slept well. And from then on, he was convinced
that exercise was the key to maintaining his mental and physical health.
He's now a 70-year-old ironman competitor (unfortunately, controversy still hounds him).

What
does this have to do with the value of losing money? Hold on, I'm
getting there. I also remember an interview with George Soros (think it
was with Charlie Rose) where he was discussing when he graduated from
London School of Economics. He was sitting in some corner in London
watching people go by and thinking that he's broke and in debt but
"there's only one way to go, up".

Some of life's most valuable
lessons are taught to us when we hit a brick wall. You don't see it when
you're in your personal hell, but typically that's when people find out
what they're made of. I remember when I lost my job back in 2006, then
separated from my wife in 2007, and my health was deteriorating fast. I
hit a major brick wall. Had it not been for the support of my family
and close friends, I would have still been stuck in a rut.

I also remember what Tom Naylor,
a professor of economics at McGill and close friend of mine, told me
back then: "You lost you job, lost your wife, losing your health, the
good news is you hit rock bottom". Then he gave me some wise advice.
"Take out a piece of white paper and start writing down all the worst
possible things that come to your mind. Write everything down: you'll
become severely handicapped, you'll never get another job because the
pension pricks are blacklisting you and sending you nasty legal letters,
the mob is looking for you, no woman will ever want you and you'll
never get laid again for the rest of your life. Write down every
terrible thing that comes to your mind."

So I did it. Then I asked him what am I
suppose to do with this sheet containing all these terrible thoughts of
mine? He told me to put it away and look at it after a year has gone by.
I asked him "how's that suppose to help me?" He replied: "Because when
you look at it after a year, you'll laugh at how silly your thoughts
were." And then he told me something else which I'll never forget: "You
don't see it now, but with this blog, you have tremendous leverage and
the pension pricks are scared of you. Use this leverage to your
advantage and write your own ticket in life."And that's exactly what
I've been doing ever since. I've toned it down, remaining as
professional as possible, but I continue to blog on pensions and
financial markets.

Now let me get to my topic, the value of
losing money. During a recent lunch with my former boss at PSP, Pierre
Malo, we talked about what we value most in life. In our previous lunch, Pierre and I discussed process over performance.
In a nutshell, we believe that too much attention is being paid to
performance and not enough to process. The way investment managers
achieve their performance is a lot more important than overall
performance and yet very few institutional investors pay close attention
to process until it's too late.

Pierre also talked about luck in investment management. I used to go
into his office every morning and ask him "where is the US dollar going
today? What about the euro or CAD?". He would take out a coin from his
pocket and say "you tell me". He doesn't believe in short-term market
predictions. He told me over lunch, "Anyone can be lucky, even over a
long period, but that doesn't make them a good money manager. And the
worst thing that can happen to anyone is start making a lot of money off
the bat".

I then shared a personal investing story with him. After I got fired from BCA Research
(alas, I've been fired a few times but always managed to land on my
feet!), I started day trading stocks, focusing on tech stocks (1999). I
was also buying out-of-the-money call options on these tech stocks and making
good money. I then joined the National Bank Financial as an economist
but continued trading options. I wanted to get rich quick and retire
early.

I then learned firsthand the value of losing money. I bought cheap
out-of-the-money call options on Nortel's stock the day they were
reporting earnings. I laid down $10,000 of my money, which was a
substantial amount of my portfolio back then, and waited for the
earnings release after the closing bell, confidently predicting that
Nortel was going to kill the estimates and the stock would fly higher. I
was expecting windfall gains on those call options.

But that earnings
release was a disaster and from there on, the rest is history. Nortel
took me, and hundred of thousands of other small and large investors to
the cleaners. I never forgot the pain of losing that money, essentially
gambling it away. I had no clue whatsoever what I was doing. It took me
years after that debacle to learn how to trade properly and I'm still
learning every single day. I now avoid options preferring to buy and
hold a concentrated portfolio of stocks. I prefer focus on a few eggs
than a diversified portfolio of eggs (read my comment on the big secret).

In
my follow-up comment, I will discuss how I invest my money, using
publicly available information on what elite hedge funds are doing and
other information. We are all in the information arbitrage business, and
it's how we use this information that will enable us to limit our
losses and allow us to make money in these crazy markets dominated by
macro events, high frequency trading and large hedge funds.

The
point of this comment was to let you know that there is value in losing
money. Even the best hedge funds lose money but the top funds will
adjust and learn from their mistakes. That's exactly what each and
everyone of us should be doing. Finally, please note I corrected my
donation button at the top right hand side of my blog,
right under the pig, so it should be easier to donate via your bank or
credit card. I appreciate all donations and plan on earning my money one
donation at a time.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 08/17/2011 - 09:15 | 1568540 pama
pama's picture

When it comes to London's property market, I fear there will be no fairy tale ending.
payday loans

Sat, 08/13/2011 - 06:12 | 1556787 juyitrade3
juyitrade3's picture

Wholesale Clothing
wholesale Women's Clothing
wholesale Women Clothing
wholesale Men Fashion Clothing
wholesale men Clothing
wholesale Fashion Clothing
Wholesale men Clothing
Fashion Clothing
Dropship From China

http://www.likeheybags.com

http://www.likeheybags.com

wholesale Women's Clothing
wholesale Women's Bikinis
wholesale A&F Bikini
wholesale CA Bikini
wholesale ED Hardy Bikini

wholesale Women's Hoody
wholesale AF women hoody
wholesale ED Hoody women

wholesale Women's Jackets
wholesale AF Coat Women
wholesale Gucci jackets Women
wholesale Moncler Down Coats Women
wholesale Moncler Down Jackets Women

wholesale Women's Jeans
wholesale CA Jean Women
wholesale ED Hardy Jean Women
wholesale Laguna Beach Jeans Women
wholesale True Religion Women

wholesale Women's T-Shirt
wholesale AF Long T Shirt Women
wholesale AF Short Polo T shirt Women
wholesale AF Short T shirt Women
wholesale AF Women shirt
wholesale Dolce Gabbana T Shirts Women
wholesale ED HARDY Women Long T Shirt
wholesale ED HARDY Women T Shirt
wholesale Paco Chicano T Shirt Women
wholesale Polo Long T Shirt Women
wholesale Polo shirt Women
wholesale Polo T Shirt Women
wholesale Sinful T Shirt

http://www.divbags.com/
http://www.cheapnikeairmax87.com
http://www.cheapkobebasketballshoes.com
http://www.cheapfendiboots.com
http://www.hotchinashoes.com/blog
http://www.topcheapshoes.com

http://www.divbags.com/
http://www.cheapnikeairmax87.com
http://www.cheapkobebasketballshoes.com
http://www.cheapfendiboots.com
http://www.hotchinashoes.com/blog
http://www.topcheapshoes.com


http://www.hotchinashoes.com/

wholesale Men Clothing
wholesale Men Coat
wholesale AF men coat

wholesale Men Hoody
wholesale AF men hoody
wholesale Armani Hoody Men
wholesale DG Hoody Men
wholesale Ed Hardy Hoody Men
wholesale Gucci Hoody Men
wholesale Polo Men hoody
wholesale Versace Hoody Men

wholesale Men Jacket
wholesale Moncler Jackets Men

wholesale Men Jean
wholesale AF Men Pants
wholesale Armani Jean Men
wholesale COOGI Jean men
wholesale Crown Holder Jean men
wholesale D&G Jean men
wholesale Diesel Jean men
wholesale Dolce Gabbana Jeans Men
wholesale Gucci Jean Men
wholesale LV Jean Men
wholesale True Religion Jean Men

wholesale Men Sweater
wholesale AF Men Sweater
wholesale Armani sweater Men
wholesale Gucci Sweater Men
wholesale Polo Men Sweater

wholesale Men T Shirt
wholesale AF Long T shirt Men
wholesale AF Man Shirt
wholesale AF Polo Long T shirt Men
wholesale AF Polo Short Shirt Men
wholesale AF Polo Short T Shirt Men
wholesale AF Short T Shirt Men
wholesale Armani Long T Shirt Men
wholesale Armani T Shirt Men
wholesale D&G long T Shirt Men
wholesale ED HARDY Long T Shirt Men
wholesale ED HARDY T Shirt men
wholesale Gucci long T Shirts Men
wholesale Gucci Short T Shirts Men
wholesale Laguna Beach T Shirt Men
wholesale LV T Shirts Men
wholesale Polo Long T Shirt Men
wholesale Polo Short T Shirt Men
wholesale Prada Long T Shirts Men
wholesale Prada T Shirt Men
wholesale Prada T Shirts Men

wholesale Women's Shoes
wholesale Asics Running Shoes
wholesale Asics Women Shoes

wholesale Christian Louboutin
wholesale Christian Louboutin Boots
wholesale Christian Louboutin Sandals
wholesale Christian Louboutin Shoes

wholesale Coach Shoes
wholesale Coach Women Shoes

wholesale Gucci Shoes
wholesale Gucci High Shoes
wholesale Gucci Low Shoes

wholesale MBT Shoes
wholesale MBT Women Shoes

wholesale Nike Shoes
wholesale Air Force one
wholesale Air Max 2009
wholesale Air Max 2010
wholesale Air Max 87
wholesale Air Max 90
wholesale Air Max LTD
wholesale Air Max TN
wholesale Air Wildwood Supr
wholesale Nike Air Classic BW
wholesale Nike Blazer
wholesale Nike Shox NZ
wholesale Nike Shox OZ
wholesale Nike Shox R4
wholesale Nike Shox TL
wholesale Nike Shox Turob

wholesale Other Women Shoes
wholesale DG Women Shoes
wholesale Louis Vuitton Women Shoes
wholesale Radii Women Shoes
wholesale Reebok Women Shoes

wholesale Prada Shoes
wholesale Prada Women Shoes

wholesale Puma Shoes
wholesale Puma Slacker Shoes
wholesale Puma Women Shoes

wholesale Sandal
wholesale Chanel Sandal
wholesale Coach Sandal
wholesale D&G Sandal
wholesale Dior Sandal
wholesale Fendi Sandal
wholesale Ferragamo Low Cutter Shoes
wholesale Juicy Sandals
wholesale Prada Sandal

wholesale Supra Shoes
wholesale Supra Women Shoes

wholesale Timberland Boots
wholesale Timberland Women Boots

wholesale Women Boots
wholesale Burberry Boots
wholesale Chanel Boots
wholesale Coach Boots
wholesale D&G Boots
wholesale Dior Boots
wholesale Fendi Boots
wholesale Gucci Boots
wholesale LV Boots
wholesale Versace Boots

wholesale Yves Saint Laurent Shoes
wholesale Yves Saint Laurent Boots
wholesale Yves Saint Laurent Pumps
wholesale Yves Saint Laurent Sandals

wholesale Mens Shoes
wholesale Air Jordan Shoes
wholesale 2010 Air Jordan
wholesale Air Jordan 1
wholesale Air Jordan 10
wholesale Air Jordan 11
wholesale Air Jordan 11+13
wholesale Air Jordan 11+6
wholesale Air Jordan 12
wholesale Air Jordan 13
wholesale Air Jordan 16.5
wholesale Air Jordan 22
wholesale Air Jordan 23
wholesale Air Jordan 25
wholesale Air Jordan 29
wholesale Air Jordan 3
wholesale Air Jordan 4
wholesale Air Jordan 5
wholesale Air Jordan 6
wholesale Air Jordan 8
wholesale Air Jordan 9
wholesale Air Jordan Shoes
wholesale Air Jordans Diamond Shoes
wholesale Jordan Carmelo Anthony
wholesale Jordan Chris Paul
wholesale Jordan Flight Team Shoes
wholesale Jordan Kobe Bryant
wholesale Jordan LeBron James
wholesale Jordan Six Rings

wholesale Basketball Shoes
wholesale Garnett Basketball Shoes
wholesale Howard Basketball Shoes
wholesale James Basketball Shoes
wholesale Kobe Basketball Shoes
wholesale Other Basketball Shoes
wholesale Penny Hardaway Edition
wholesale Pippen Basketball Shoes
wholesale T-MAC Basketball Shoes

wholesale Gucci Sneakers
wholesale Gucci High Shoes
wholesale Gucci Leather Shoes
wholesale Gucci Men Shoes

wholesale MBT Shoes
wholesale MBT Men Shoes

wholesale Nike Air Max
wholesale Air Max 180
wholesale Air Max 2009
wholesale Air Max 2010
wholesale Air Max 2011
wholesale Air Max 87
wholesale Air Max 90
wholesale Air Max 91
wholesale Air Max 95
wholesale Air Max LTD
wholesale Air Max TN
wholesale Air Max Uptempo 97
wholesale Air Max Wan Premi
wholesale Nike Air Classic BW
wholesale Nike Air Max 24/7 Shoes

wholesale Nike Shoes
wholesale Air Force one
wholesale Air Hoop Structure
wholesale Air Max NoMo Shoes
wholesale Air Wildwood Supr
wholesale Air Yeezy Shoes
wholesale Dunk SB Shoes
wholesale Nike Ken Griff
wholesale Nike Zebra Shoes

wholesale Nike Shox Shoes
wholesale Nike shox moster
wholesale Nike Shox NZ
wholesale Nike Shox OZ
wholesale Nike Shox R3
wholesale Nike Shox R4
wholesale Nike Shox R5
wholesale Nike Shox TL
wholesale Nike Shox Turob

wholesale Other Men Shoes
wholesale Asics Running Shoes
wholesale Cole Haan Men Shoes
wholesale D&G Men Shoes
wholesale Good Year Shoes
wholesale Louis Vuitton Shoes
wholesale Radii Men Shoes

wholesale Prada Shoes
wholesale Prada Men Boots
wholesale Prada Men Shoes

wholesale Puma Shoes
wholesale Puma Men Shoes
wholesale Puma Slacker Shoes

wholesale Supra Shoes
wholesale Supra High Shoes
wholesale Supra Low Shoes

wholesale Timberland Boots
wholesale Timberland Boots

wholesale Vibram Five Fingers
wholesale Vibram Five Fingers

wholesale Handbag and Wallet
wholesale Designer Handbags
wholesale Burberry Handbags
wholesale CA Handbags
wholesale Chanel Handbags
wholesale Chloe Handbags
wholesale Coach Handbags

wholesale Prada Handbags
wholesale Versace Handbags

wholesale Designer Wallets
wholesale Armani Wallet
wholesale Chanel Wallets
wholesale Coach Wallets
wholesale Gucci Wallets
wholesale LV Wallets

wholesale Sport Jerseys
wholesale MLB Jerseys
wholesale Atlanta Braves
wholesale Baltimore Orioles
wholesale Boston Red Sox
wholesale Chicago Cubs
wholesale Chicago White Sox
wholesale Los Angeles Angels
wholesale Los Angeles Dodgers
wholesale Milwaukee Brewers
wholesale Minnesota Twins
wholesale MLB All Star
wholesale New York Mets
wholesale New York Yankees
wholesale Philadelphia Phillies
wholesale Pittsburgh Pirates

wholesale NBA Jerseys
wholesale 2011 New NBA Jerseys
wholesale Atlanta Hawks
wholesale Boston Celtics
wholesale Chicago Bulls
wholesale Cleveland Cavaliers
wholesale Dallas Mavericks
wholesale Denver Nuggets
wholesale Detroit Pistons

wholesale Portland Trail Blazers
wholesale San Antonio Spurs
wholesale Washington Wizards

wholesale NFL Jerseys
wholesale 2011 New NFL Jerseys
wholesale Arizona Cardinals
wholesale Atlanta Falcons
wholesale Baltimore Ravens
wholesale Buffalo Bills
wholesale Carolina Panthers
wholesale Chicago Bears
wholesale Cincinnatti Bengals
wholesale Cleveland Browns

wholesale Pittsburgh Steelers
wholesale San Diego Chargers
wholesale San Francisco 49ers
wholesale St. Louis Rams
wholesale Tampa Bay Buccaneers
wholesale Tennessee Titans
wholesale Washington Redskins

wholesale Women NFL Jerseys
wholesale NFL Women Jerseys

wholesale Brand Electronics
wholesale Brand Headphones
wholesale Monster Studio Headphones

wholesale Hair Straightener
wholesale CHI Hair Straightener
wholesale GHD Hair Straightener

wholesale Fashion Jewelry
wholesale Brand Bracelets
wholesale Chanel Bracelets
wholesale Coach Bracelets
wholesale Gucci Bracelets

wholesale Brand Earrings
wholesale Chanel Earrings
wholesale Tiffiny Earring

wholesale Brand Necklace

wholesale Brand Ring
wholesale Chanel Ring
wholesale Tiffiny Ring

wholesale Other Product
wholesale AAA Sunglasses
wholesale Bvlgari Sunglass AAA

Wholesale Belt

wholesale Gucci belt
wholesale Versace belt

Wholesale Scarf
wholesale Armani scarf
wholesale BOSS scarf

wholesale Paul Smith scarf
wholesale Versace Scarf

Wholesale Sunglasses

Cheap Shirts
Designer T Shirts
cheap Cheap Shirts
cheap Blank T-shirts
Blank T-Shirts

cheap Women Clothing
cheap Women's Bikinis
cheap A&F Bikini
cheap CA Bikini
cheap ED Hardy Bikini

cheap Women's Hoody
cheap AF women hoody
cheap ED Hoody women

cheap Women's Jackets
cheap AF Coat Women
cheap Gucci jackets Women
cheap Moncler Down Coats Women
cheap Moncler Down Jackets Women

cheap Women's Jeans
cheap CA Jean Women
cheap ED Hardy Jean Women
cheap Laguna Beach Jeans Women
cheap True Religion Women

cheap Women's T-Shirt
cheap AF Long T Shirt Women
cheap AF Short Polo T shirt Women
cheap AF Short T shirt Women
cheap AF Women shirt
cheap Dolce Gabbana T Shirts Women
cheap ED HARDY Women Long T Shirt
cheap ED HARDY Women T Shirt
cheap Paco Chicano T Shirt Women
cheap Polo Long T Shirt Women
cheap Polo shirt Women
cheap Polo T Shirt Women
cheap Sinful T Shirt

cheap Men Clothing
cheap Men Coat
cheap AF men coat

cheap Men Hoody
cheap AF men hoody
cheap Armani Hoody Men
cheap DG Hoody Men
cheap Ed Hardy Hoody Men
cheap Gucci Hoody Men
cheap Polo Men hoody
cheap Versace Hoody Men

cheap Men Jacket
cheap Moncler Jackets Men

cheap Men Jean
cheap AF Men Pants
cheap Armani Jean Men
cheap COOGI Jean men
cheap Crown Holder Jean men
cheap D&G Jean men
cheap Diesel Jean men
cheap Dolce Gabbana Jeans Men
cheap Gucci Jean Men
cheap LV Jean Men
cheap True Religion Jean Men

cheap Men Sweater
cheap AF Men Sweater
cheap Armani sweater Men
cheap Gucci Sweater Men
cheap Polo Men Sweater

cheap Men T Shirt
cheap AF Long T shirt Men
cheap AF Man Shirt
cheap AF Polo Long T shirt Men
cheap AF Polo Short Shirt Men
cheap AF Polo Short T Shirt Men
cheap AF Short T Shirt Men
cheap Armani Long T Shirt Men
cheap Armani T Shirt Men
cheap D&G long T Shirt Men
cheap ED HARDY Long T Shirt Men
cheap ED HARDY T Shirt men
cheap Gucci long T Shirts Men
cheap Gucci Short T Shirts Men
cheap Laguna Beach T Shirt Men
cheap LV T Shirts Men
cheap Polo Long T Shirt Men
cheap Polo Short T Shirt Men
cheap Prada Long T Shirts Men
cheap Prada T Shirt Men
cheap Prada T Shirts Men

cheap Women's Shoes
cheap Asics Running Shoes
cheap Asics Women Shoes

cheap Christian Louboutin
cheap Christian Louboutin Boots
cheap Christian Louboutin Sandals
cheap Christian Louboutin Shoes

cheap Coach Shoes
cheap Coach Women Shoes

cheap Gucci Shoes
cheap Gucci High Shoes
cheap Gucci Low Shoes

cheap MBT Shoes
cheap MBT Women Shoes

cheap Nike Shoes
cheap Air Force one
cheap Air Max 2009
cheap Air Max 2010
cheap Air Max 87
cheap Air Max 90
cheap Air Max LTD
cheap Air Max TN
cheap Air Wildwood Supr
cheap Nike Air Classic BW
cheap Nike Blazer
cheap Nike Shox NZ
cheap Nike Shox OZ
cheap Nike Shox R4
cheap Nike Shox TL
cheap Nike Shox Turob

cheap Other Women Shoes
cheap DG Women Shoes
cheap Louis Vuitton Women Shoes
cheap Radii Women Shoes
cheap Reebok Women Shoes

cheap Prada Shoes
cheap Prada Women Shoes

cheap Puma Shoes
cheap Puma Slacker Shoes
cheap Puma Women Shoes

cheap Sandal
cheap Chanel Sandal
cheap Coach Sandal
cheap D&G Sandal
cheap Dior Sandal
cheap Fendi Sandal
cheap Ferragamo Low Cutter Shoes
cheap Juicy Sandals
cheap Prada Sandal

cheap Supra Shoes
cheap Supra Women Shoes

cheap Timberland Boots
cheap Timberland Women Boots

cheap Women Boots
cheap Burberry Boots
cheap Chanel Boots
cheap Coach Boots
cheap D&G Boots
cheap Dior Boots
cheap Fendi Boots
cheap Gucci Boots
cheap LV Boots
cheap Versace Boots

cheap Yves Saint Laurent Shoes
cheap Yves Saint Laurent Boots
cheap Yves Saint Laurent Pumps
cheap Yves Saint Laurent Sandals

cheap Mens Shoes
cheap Air Jordan Shoes
cheap 2010 Air Jordan
cheap Air Jordan 1
cheap Air Jordan 10
cheap Air Jordan 11
cheap Air Jordan 11+13
cheap Air Jordan 11+6
cheap Air Jordan 12
cheap Air Jordan 13
cheap Air Jordan 16.5
cheap Air Jordan 22
cheap Air Jordan 23
cheap Air Jordan 25
cheap Air Jordan 29
cheap Air Jordan 3
cheap Air Jordan 4
cheap Air Jordan 5
cheap Air Jordan 6
cheap Air Jordan 8
cheap Air Jordan 9
cheap Air Jordan Shoes
cheap Air Jordans Diamond Shoes
cheap Jordan Carmelo Anthony
cheap Jordan Chris Paul
cheap Jordan Flight Team Shoes
cheap Jordan Kobe Bryant
cheap Jordan LeBron James
cheap Jordan Six Rings

cheap Basketball Shoes
cheap Garnett Basketball Shoes
cheap Howard Basketball Shoes
cheap James Basketball Shoes
cheap Kobe Basketball Shoes
cheap Other Basketball Shoes
cheap Penny Hardaway Edition
cheap Pippen Basketball Shoes
cheap T-MAC Basketball Shoes

cheap Gucci Sneakers
cheap Gucci High Shoes
cheap Gucci Leather Shoes
cheap Gucci Men Shoes

cheap MBT Shoes
cheap MBT Men Shoes

cheap Nike Air Max
cheap Air Max 180
cheap Air Max 2009
cheap Air Max 2010
cheap Air Max 2011
cheap Air Max 87
cheap Air Max 90
cheap Air Max 91
cheap Air Max 95
cheap Air Max LTD
cheap Air Max TN
cheap Air Max Uptempo 97
cheap Air Max Wan Premi
cheap Nike Air Classic BW
cheap Nike Air Max 24/7 Shoes

cheap Nike Shoes
cheap Air Force one
cheap Air Hoop Structure
cheap Air Max NoMo Shoes
cheap Air Wildwood Supr
cheap Air Yeezy Shoes
cheap Dunk SB Shoes
cheap Nike Ken Griff
cheap Nike Zebra Shoes

cheap Nike Shox Shoes
cheap Nike shox moster
cheap Nike Shox NZ
cheap Nike Shox OZ
cheap Nike Shox R3
cheap Nike Shox R4
cheap Nike Shox R5
cheap Nike Shox TL
cheap Nike Shox Turob

cheap Other Men Shoes
cheap Asics Running Shoes
cheap Cole Haan Men Shoes
cheap D&G Men Shoes
cheap Good Year Shoes
cheap Louis Vuitton Shoes
cheap Radii Men Shoes

cheap Prada Shoes
cheap Prada Men Boots
cheap Prada Men Shoes

cheap Puma Shoes
cheap Puma Men Shoes
cheap Puma Slacker Shoes

cheap Supra Shoes
cheap Supra High Shoes
cheap Supra Low Shoes

cheap Timberland Boots
cheap Timberland Boots

cheap Vibram Five Fingers
cheap Vibram Five Fingers

cheap Handbag and Wallet
cheap Designer Handbags
cheap Burberry Handbags
cheap CA Handbags
cheap Chanel Handbags
cheap Chloe Handbags
cheap Coach Handbags
cheap D&G Handbags
cheap Dior Handbags
cheap ED Hardy Handbags
cheap Fendi Handbags
cheap Gucci Handbags
cheap Juicy Handbags
cheap LV Handbags
cheap Polo Handbags
cheap Prada Handbags
cheap Versace Handbags

cheap Designer Wallets
cheap Armani Wallet
cheap Chanel Wallets
cheap Coach Wallets
cheap Gucci Wallets
cheap LV Wallets

cheap Sport Jerseys
cheap MLB Jerseys
cheap Atlanta Braves
cheap Baltimore Orioles
cheap Boston Red Sox
cheap Chicago Cubs
cheap Chicago White Sox
cheap Los Angeles Angels
cheap Los Angeles Dodgers
cheap Milwaukee Brewers
cheap Minnesota Twins
cheap MLB All Star
cheap New York Mets
cheap New York Yankees
cheap Philadelphia Phillies
cheap Pittsburgh Pirates
cheap San Francisco Giants
cheap St. Louis Cardinals
cheap Texas Rangers

cheap NBA Jerseys
cheap 2011 New NBA Jerseys
cheap Atlanta Hawks
cheap Boston Celtics
cheap Chicago Bulls
cheap Cleveland Cavaliers
cheap Dallas Mavericks
cheap Denver Nuggets
cheap Detroit Pistons
cheap Houston Rockets
cheap Los Angeles Clippers
cheap Los Angeles Lakers
cheap Miami Heat
cheap Milwaukee Bucks
cheap NBA 09 All Star
cheap NBA 10 All Star
cheap Oklahoma City Thunder
cheap Orlando Magic
cheap Phoenix Suns
cheap Portland Trail Blazers
cheap San Antonio Spurs
cheap Washington Wizards

cheap NFL Jerseys
cheap 2011 New NFL Jerseys
cheap Arizona Cardinals
cheap Atlanta Falcons
cheap Baltimore Ravens
cheap Buffalo Bills
cheap Carolina Panthers
cheap Chicago Bears
cheap Cincinnatti Bengals
cheap Cleveland Browns
cheap Dallas Cowboys
cheap Denver Broncos
cheap Detroit Lions
cheap Green Bay Packers
cheap Houston Texans
cheap Indianapolis Colts
cheap Kansas City Chiefs
cheap Miami Dolphins
cheap Minnesota Vikings
cheap New England Patriots
cheap New Orleans Saints
cheap New York Giants
cheap New York Jets
cheap NFL 09 All Star
cheap NFL 10 All Star
cheap Oakland Raiders
cheap Philadelphia Eagles
cheap Pittsburgh Steelers
cheap San Diego Chargers
cheap San Francisco 49ers
cheap St. Louis Rams
cheap Tampa Bay Buccaneers
cheap Tennessee Titans
cheap Washington Redskins

cheap NHL Jerseys
cheap 2011 New NHL Jersrys
cheap Boston Bruins
cheap Buffalo Sabres
cheap Calgary Flames
cheap Chicago Blackhawks
cheap Dallas Stars
cheap Detroit Red Wings
cheap Edmonton Oilers
cheap Los Angeles Kings
cheap Minnesota Wild
cheap Montreal Canadians
cheap Nashville Predators
cheap New Jersey Devils
cheap New York Islanders
cheap New York Rangers
cheap NHL 2010 Olympic
cheap NHL All Star
cheap Philadelphia Flyers
cheap Phoenix Coyotes
cheap Pittsburgh Penguins
cheap San Jose Sharks
cheap Toronto Maple Leafs
cheap Vancouver Canucks
cheap Washington Capitals

cheap Women NFL Jerseys
cheap NFL Women Jerseys

cheap Brand Electronics
cheap Brand Headphones
cheap Monster Studio Headphones

cheap Hair Straightener
cheap CHI Hair Straightener
cheap GHD Hair Straightener

cheap Wholesale Watch
cheap Breitling Watches
cheap Chanel Watches
cheap Gucci Watches
cheap IWC Watches
cheap Mont Blanc Watches
cheap Omega Watches
cheap Patek Philippe Watches
cheap Rado Watches
cheap Rolex Watches
cheap Tagheuer Watches

cheap Fashion Jewelry
cheap Brand Bracelets
cheap Chanel Bracelets
cheap Coach Bracelets
cheap Gucci Bracelets
cheap Links Bracelets
cheap Pandora Bracelts
cheap Tiffiny Bracelts

cheap Brand Earrings
cheap Chanel Earrings
cheap Tiffiny Earring

cheap Brand Necklace
cheap Bvlgari Necklace
cheap Chanel Necklace
cheap Gucci Necklace
cheap Links Necklace
cheap Pandora Necklace
cheap Tiffiny Necklace

cheap Brand Ring
cheap Chanel Ring
cheap Tiffiny Ring

cheap Other Product
cheap AAA Sunglasses
cheap Bvlgari Sunglass AAA
cheap Chanel Sunglass AAA
cheap Chloe Sunglass AAA
cheap Coach Sunglass AAA
cheap D&G Sunglass AAA
cheap Dior Sunglass AAA
cheap Gucci Sunglass AAA
cheap LV Sunglass AAA
cheap Marc Jacobs Sunglass AAA
cheap Oakley Sunglass AAA
cheap Police Sunglass AAA
cheap Prada Sunglass AAA
cheap Rayban Sunglass AAA
cheap Roberto Cavalli Sunglass AAA
cheap Tom Sunglass AAA
cheap Versace Sunglass AAA

cheap Wholesale Belt
cheap Armani belt
cheap D&G belt
cheap Desel belt
cheap Gucci belt
cheap Versace belt

cheap Wholesale Scarf
cheap Armani scarf
cheap BOSS scarf
cheap Burberry scarf
cheap Burberry Set of cap
cheap Celine scarf
cheap Chanel scarf
cheap CK scarf
cheap D&G scarf
cheap Dior scarf
cheap Fendi scarf
cheap Hermes Scarf
cheap Miu Miu scarf
cheap Paul Smith scarf
cheap Versace Scarf

cheap Wholesale Sunglasses
cheap Armani Sunglass
cheap Burberry Sunglass
cheap carrera Sunglass
cheap Chanel Sunglass
cheap Coach Sunglass
cheap D&G Sunglass
cheap Dior Sunglass
cheap ED Sunglass
cheap Fendi Sunglass
cheap Gucci Sunglass
cheap Juicy Sunglass
cheap LV Sunglass
cheap Oakley Sunglass
cheap Police Sunglass
cheap Prada Sunglass
cheap Rayban Sunglass
cheap Roberto Cavalli Sunglass
cheap Versace Sunglass

http://www.wholesaleboy.com/blog
http://www.cheapbuytshirts.com/blog
http://www.jodanshoesfr.com
http://www.nikeshoesca.com
http://www.womenshoesfr.com
http://cheaplovesacs.com
http://wholesaletopsunglasses.com
http://piao-xin.com
http://blog3.cheapnikeairmax87.com
http://blog3.divbags.com
http://blog3.cheapkobebasketballshoes.com
http://www.likembtshop.com/blog
http://blog3.cheaptshirtsbox.com
http://blog3.juyihandbags.com
http://blog3.topcheapshoes.com
http://blog3.cheapfendiboots.com
http://blog3.hotchinashoes.com
http://blog3.hotcheaphandbags.com
http://blog3.tuanlianjie.com

cheap Wholesale Shoes
cheap Wholesale Women Shoes
cheap Cheap Basketball Shoes
cheap Women's Shoes
cheap Cheap Sandals
cheap Wholesale Boots
cheap Cheap Designer Shoes
cheap Cheap Women's Shoes

Wholesale Shoes
Wholesale Women Shoes
Cheap Basketball Shoes
cheap Women's Shoes
cheap Cheap Sandals
cheap Wholesale Boots
Designer Shoes
Women's Shoes

cheap Women's Shoes
cheap Asics Running Shoes
cheap Asics Women Shoes

cheap Christian Louboutin
cheap Christian Louboutin Boots
cheap Christian Louboutin Sandals
cheap Christian Louboutin Shoes

cheap Coach Shoes
cheap Coach Women Shoes

cheap Gucci Shoes
cheap Gucci High Shoes
cheap Gucci Low Shoes

cheap MBT Shoes
cheap MBT Women Shoes

cheap Nike Shoes
cheap Air Force one
cheap Air Max 2010
cheap Air Max 87
cheap Air Max LTD
cheap Air Max TN
cheap Air Wildwood Supr
cheap Nike Air Classic BW
cheap Nike Air Max 2009
cheap Nike Air Max 90 Shoes
cheap Nike Blazer Shoes
cheap Nike Shox NZ
cheap Nike Shox OZ
cheap Nike Shox R4
cheap Nike Shox TL
cheap Nike Shox Turob

cheap Other Women Shoes
cheap DG Women Shoes
cheap Louis Vuitton Shoes
cheap Radii Shoes
cheap Reebok Shoes

cheap Prada Shoes
cheap Prada Women Shoes

cheap Puma Shoes
cheap Puma Slacker Shoes
cheap Puma Women Shoes

cheap Supra Shoes
cheap Supra Women Shoes

cheap Timberland Boots
cheap Timberland Women Boots

cheap Women Boots
cheap Burberry Boots
cheap Chanel Boots
cheap Coach Boots
cheap D&G Boots
cheap Dior Boots
cheap Fendi Boots
cheap Gucci Boots
cheap LV Boots
cheap Versace Boots

cheap Womens Sandal
cheap Chanel Sandal
cheap Coach Sandal
cheap D&G Sandal
cheap Dior Sandal
cheap Fendi Sandal
cheap Ferragamo Low Cutter
cheap Juicy Sandals
cheap Prada Sandal

cheap Yves Saint Laurent Shoes
cheap Yves Saint Laurent Boots
cheap Yves Saint Laurent Pumps
cheap Yves Saint Laurent Sandals

cheap Mens Shoes
cheap Air Jordan Shoes
cheap 2010 Air Jordan
cheap Air Jordan 1
cheap Air Jordan 10
cheap Air Jordan 11
cheap Air Jordan 11+13
cheap Air Jordan 11+6
cheap Air Jordan 12
cheap Air Jordan 13
cheap Air Jordan 16.5
cheap Air Jordan 22
cheap Air Jordan 23
cheap Air Jordan 25
cheap Air Jordan 29
cheap Air Jordan 3
cheap Air Jordan 4
cheap Air Jordan 5
cheap Air Jordan 6
cheap Air Jordan 8
cheap Air Jordan 9
cheap Air Jordan Shoes
cheap Air Jordans Diamond Shoes
cheap Jordan Carmelo Anthony
cheap Jordan Chris Paul
cheap Jordan Flight Team Shoes
cheap Jordan Kobe Bryant
cheap Jordan LeBron James
cheap Jordan Six Rings

cheap Basketball Shoes
cheap Garnett Basketball Shoes
cheap Howard Basketball Shoes
cheap James Basketball Shoes
cheap Kobe Basketball Shoes
cheap Other Basketball Shoes
cheap Penny Hardaway Edition
cheap Pippen Basketball Shoes
cheap T-MAC Basketball Shoes

cheap Gucci Sneakers
cheap Gucci High Shoes
cheap Gucci Leather Shoes
cheap Gucci Men Shoes

cheap MBT Shoes
cheap MBT Men Shoes

cheap Nike Air Max
cheap Air Max 180
cheap Air Max 2009
cheap Air Max 2010
cheap Air Max 2011
cheap Air Max 87
cheap Air Max 90
cheap Air Max 91
cheap Air Max 95
cheap Air Max LTD
cheap Air Max TN
cheap Air Max Uptempo 97
cheap Air Max Wan Premi
cheap Nike Air Classic BW
cheap Nike Air Max 24/7 Shoes

cheap Nike Shoes
cheap Air Force one
cheap Air Hoop Structure
cheap Air Max NoMo Shoes
cheap Air Wildwood Supr
cheap Air Yeezy Shoes
cheap Dunk SB Shoes
cheap Nike Ken Griff
cheap Nike Zebra Shoes

cheap Nike Shox Shoes
cheap Nike shox moster
cheap Nike Shox NZ
cheap Nike Shox OZ
cheap Nike Shox R3
cheap Nike Shox R4
cheap Nike Shox R5
cheap Nike Shox TL
cheap Nike Shox Turob

cheap Other Men Shoes
cheap Asics Running Shoes
cheap Cole Haan Men Shoes
cheap D&G Men Shoes
cheap Good Year Shoes
cheap Louis Vuitton Shoes
cheap Radii Men Shoes

cheap Prada Shoes
cheap Prada Men Boots
cheap Prada Men Shoes

cheap Puma Shoes
cheap Puma Men Shoes
cheap Puma Slacker Shoes

cheap Supra Shoes
cheap Supra High Shoes
cheap Supra Low Shoes

cheap Timberland Boots
cheap Timberland Boots

cheap Vibram Five Fingers
cheap Vibram Five Fingers

cheap Women Clothing
cheap Women's Bikinis
cheap A&F Bikini
cheap CA Bikini
cheap ED Hardy Bikini

cheap Women's Hoody
cheap AF women hoody
cheap ED Hoody women

cheap Women's Jackets
cheap AF Coat Women
cheap Gucci jackets Women
cheap Moncler Down Coats Women
cheap Moncler Down Jackets Women

cheap Women's Jeans
cheap CA Jean Women
cheap ED Hardy Jean Women
cheap Laguna Beach Jeans Women
cheap True Religion Women

cheap Women's T-Shirt
cheap AF Long T Shirt Women
cheap AF Short Polo T shirt Women
cheap AF Short T shirt Women
cheap AF Women shirt
cheap Dolce Gabbana T Shirts Women
cheap ED HARDY Women Long T Shirt
cheap ED HARDY Women T Shirt
cheap Paco Chicano T Shirt Women
cheap Polo Long T Shirt Women
cheap Polo shirt Women
cheap Polo T Shirt Women
cheap Sinful T Shirt

cheap Men Clothing
cheap Designer Mens Coats
cheap AF men coat

cheap Discount Men Hoody
cheap AF men hoody
cheap Armani Hoody Men
cheap DG Hoody Men
cheap Ed Hardy Hoody Men
cheap Gucci Hoody
cheap Polo hoody
cheap Versace Hoody Men

cheap Men Jacket
cheap Moncler Jackets

cheap Men Jean
cheap AF Men Pants
cheap Armani Jean
cheap COOGI Jean
cheap Crown Holder Jean
cheap D&G Jean
cheap Diesel Jean
cheap Dolce Gabbana Jeans
cheap Gucci Jean
cheap LV Jean Men
cheap True Religion Jean

cheap Men Sweater
cheap AF Men Sweater
cheap Armani sweater Men
cheap Gucci Sweater Men
cheap Polo Men Sweater

cheap Men T Shirt
cheap AF Long T shirt Men
cheap AF Man Shirt
cheap AF Polo Long T shirt Men
cheap AF Polo Short Shirt Men
cheap AF Polo Short T Shirt Men
cheap AF Short T Shirt Men
cheap Armani Long T Shirt Men
cheap Armani T Shirt Men
cheap D&G long T Shirt Men
cheap ED HARDY Long T Shirt Men
cheap ED HARDY T Shirt men
cheap Gucci long T Shirts Men
cheap Gucci Short T Shirts Men
cheap Laguna Beach T Shirt Men
cheap LV T Shirts Men
cheap Polo Long T Shirt Men
cheap Polo Short T Shirt Men
cheap Prada Long T Shirts Men
cheap Prada T Shirt Men
cheap Prada T Shirts Men

cheap Wholesale Handbags
cheap Burberry Handbags
cheap CA Handbags
cheap Chanel Handbags
cheap Chloe Handbags
cheap Coach Handbags
cheap D&G Handbags
cheap Dior Handbags
cheap ED Hardy Handbags
cheap Fendi Handbags
cheap Gucci Handbags
cheap Juicy Handbags
cheap Louis Vuitton Handbags
cheap Polo Handbags
cheap Prada Handbags
cheap Versace Handbags

cheap Handbag and Wallet
cheap Designer Wallets
cheap Armani Wallet
cheap Chanel Wallets
cheap Coach Wallets
cheap Gucci Wallets
cheap LV Wallets

cheap Sport Jerseys
cheap MLB Jerseys
cheap Atlanta Braves Jerseys
cheap Baltimore Orioles Jerseys
cheap Boston Red Sox Jerseys
cheap Chicago Cubs Jerseys
cheap Chicago White Sox Jerseys
cheap Los Angeles Angels Jerseys
cheap Los Angeles Dodgers Jerseys
cheap Milwaukee Brewers Jerseys
cheap Minnesota Twins Jerseys
cheap MLB All Star Jerseys
cheap New York Mets Jerseys
cheap New York Yankees Jerseys
cheap Philadelphia Phillies Jerseys
cheap Pittsburgh Pirates Jerseys
cheap San Francisco Giants Jerseys
cheap St. Louis Cardinals Jerseys
cheap Texas Rangers Jerseys

cheap NBA Jerseys
cheap 2011 New NBA Jerseys
cheap Atlanta Hawks Jerseys
cheap Boston Celtics Jerseys
cheap Chicago Bulls Jerseys
cheap Cleveland Cavaliers Jerseys
cheap Dallas Mavericks Jerseys
cheap Denver Nuggets Jerseys
cheap Detroit Pistons Jerseys
cheap Houston Rockets Jerseys
cheap Los Angeles Clippers Jerseys
cheap Los Angeles Lakers Jerseys
cheap Miami Heat NBA Jerseys
cheap Milwaukee Bucks Jerseys
cheap NBA 09 All Star Jerseys
cheap NBA 10 All Star Jerseys
cheap Oklahoma City Thunder
cheap Orlando Magic Jerseys
cheap Phoenix Suns Jerseys
cheap Portland Trail Blazers
cheap San Antonio Spurs Jerseys
cheap Washington Wizards

cheap NFL Jerseys
cheap 2011 New NFL Jerseys
cheap Arizona Cardinals Jerseys
cheap Atlanta Falcons Jerseys
cheap Baltimore Ravens Jerseys
cheap Buffalo Bills Jerseys
cheap Carolina Panthers Jerseys
cheap Chicago Bears Jerseys
cheap Cincinnatti Bengals Jerseys
cheap Cleveland Browns Jerseys
cheap Dallas Cowboys Jerseys
cheap Denver Broncos Jerseys
cheap Detroit Lions Jerseys
cheap Green Bay Packers Jerseys
cheap Houston Texans Jerseys
cheap Indianapolis Colts Jerseys
cheap Kansas City Chiefs Jerseys
cheap Miami Dolphins Jerseys
cheap Minnesota Vikings Jerseys
cheap New England Patriots Jerseys
cheap New Orleans Saints Jerseys
cheap New York Giants Jerseys
cheap New York Jets Jerseys
cheap NFL 09 All Star Jerseys
cheap NFL 10 All Star Jerseys
cheap Oakland Raiders Jerseys
cheap Philadelphia Eagles Jerseys
cheap Pittsburgh Steelers Jerseys
cheap San Diego Chargers Jerseys
cheap San Francisco 49ers Jerseys
cheap St. Louis Rams Jerseys
cheap Tampa Bay Buccaneers Jerseys
cheap Tennessee Titans Jerseys
cheap Washington Redskins Jerseys
cheap Women NFL Jerseys
cheap NFL Women Jerseys

cheap NHL Jerseys
cheap 2011 New NHL Jersrys
cheap Boston Bruins Jerseys
cheap Buffalo Sabres Jerseys
cheap Calgary Flames Jerseys
cheap Chicago Blackhawks Jerseys
cheap Dallas Stars Jerseys
cheap Detroit Red Wings Jerseys
cheap Edmonton Oilers Jerseys
cheap Los Angeles Kings Jerseys
cheap Minnesota Wild Jerseys
cheap Montreal Canadians Jerseys
cheap Nashville Predators Jerseys
cheap New Jersey Devils Jerseys
cheap New York Islanders Jerseys
cheap New York Rangers Jerseys
cheap NHL 2010 Olympic Jerseys
cheap NHL All Star Jerseys
cheap Philadelphia Flyers Jerseys
cheap Phoenix Coyotes Jerseys
cheap Pittsburgh Penguins Jerseys
cheap San Jose Sharks Jerseys
cheap Toronto Maple Leafs Jerseys
cheap Vancouver Canucks Jerseys
cheap Washington Capitals Jerseys

cheap Brand Electronics
cheap Brand Headphones
cheap Monster Studio Headphones

cheap Hair Straightener
cheap CHI Hair Straightener
cheap GHD Hair Straightener

cheap Wholesale Watch
cheap Breitling Watches
cheap Chanel Watches
cheap Gucci Watches
cheap IWC Watches
cheap Mont Blanc Watches
cheap Omega Watches
cheap Patek Philippe Watches
cheap Rado Watches
cheap Rolex Watches
cheap Tagheuer Watches

cheap Fashion Jewelry
cheap Brand Bracelets
cheap Chanel Bracelets
cheap Coach Bracelets
cheap Gucci Bracelets
cheap Links Bracelets
cheap Pandora Bracelts
cheap Tiffiny Bracelts

cheap Brand Earrings
cheap Chanel Earrings
cheap Tiffiny Earring

cheap Brand Necklace
cheap Bvlgari Necklace
cheap Chanel Necklace
cheap Gucci Necklace
cheap Links Necklace
cheap Pandora Necklace
cheap Tiffiny Necklace

cheap Brand Ring
cheap Chanel Ring
cheap Tiffiny Ring

cheap Other Product
cheap AAA Sunglasses
cheap Bvlgari Sunglass AAA
cheap Chanel Sunglass AAA
cheap Chloe Sunglass AAA
cheap Coach Sunglass AAA
cheap D&G Sunglass AAA
cheap Dior Sunglass AAA
cheap Gucci Sunglass AAA
cheap LV Sunglass AAA
cheap Marc Jacobs Sunglass AAA
cheap Oakley Sunglass AAA
cheap Police Sunglass AAA
cheap Prada Sunglass AAA
cheap Rayban Sunglass AAA
cheap Roberto Cavalli Sunglass AAA
cheap Tom Sunglass AAA
cheap Versace Sunglass AAA

cheap Wholesale Belt
cheap Armani belt
cheap D&G belt
cheap Desel belt
cheap Gucci belt
cheap Versace belt

cheap Wholesale Cap
cheap American rock star Cap
cheap Anaheim Angels Cap
cheap Arizona Diamondbacks Cap
cheap Atlanta Braves Cap
cheap Baltimore Orioles Cap
cheap Batman. Superman Cap
cheap Boston Red Sox Cap
cheap Chicago Cubs Cap
cheap Chicago White Sox Cap
cheap Cincinnati Reds Cap
cheap Colorado Rockies Team Cap
cheap coogi cap
cheap DC cap
cheap Detroit Tigers Cap
cheap Florida Marlins Cap
cheap Jordan Cap
cheap Kansas City Royals Cap
cheap Los Angeles Dodgers Cap
cheap Minnesota Twins Cap
cheap new era cap
cheap New York Yankees Cap
cheap NFL cap
cheap Oakland Athletics Cap
cheap Philadelphia Phillies Cap
cheap Polo Cap
cheap Red Bull Cap
cheap San Diego Padres Cap
cheap San Francisco Giants Cap
cheap Spacecraft Team Houston Cap
cheap St. Louis Cardinals Cap
cheap Tapout Cap
cheap The Hundreds Cap
cheap Toronto Blue Jays Cap
cheap Washington Nationals Cap

cheap Wholesale Scarf
cheap Armani scarf
cheap BOSS scarf
cheap Burberry scarf
cheap Burberry Set of cap
cheap Celine scarf
cheap Chanel scarf
cheap CK scarf
cheap D&G scarf
cheap Dior scarf
cheap Fendi scarf
cheap Hermes Scarf
cheap Miu Miu scarf
cheap Paul Smith scarf
cheap Versace Scarf

cheap Wholesale Sunglasses
cheap Armani Sunglass
cheap Burberry Sunglass
cheap carrera Sunglass
cheap Chanel Sunglass
cheap Coach Sunglass
cheap D&G Sunglass
cheap Dior Sunglass
cheap ED Sunglass
cheap Fendi Sunglass
cheap Gucci Sunglass
cheap Juicy Sunglass
cheap LV Sunglass
cheap Oakley Sunglass
cheap Police Sunglass
cheap Prada Sunglass
cheap Rayban Sunglass
cheap Roberto Cavalli Sunglass
cheap Versace Sunglass

Tue, 07/26/2011 - 11:03 | 1494404 pama
pama's picture

It's retarded shit like this that really detracts from the quality of the site.
personal loans for bad credit

Sat, 07/16/2011 - 18:48 | 1462736 hama
hama's picture

The first thing in the morning ZH read makes me wonder? Is the confidence and faith in the Government and Media so destroyed that it can not be rebuilt? Not to say that I believe any one of the sons of bitches. Just sayin that some how some way, trust has to be re-invented.
florida home insurance

Fri, 07/15/2011 - 07:53 | 1458795 hama
hama's picture

You're still making variations of the NT bet today... High risk gambling on securities that have already made huge moves, never planning for the party to end. Parties always end. Bankers and insiders are selling into the high prices. To succeed one needs to do what they do -- buying when it's uncomfortable. You do the opposite and keep losing.
cheapest car insurance

Fri, 07/15/2011 - 05:58 | 1458655 hama
hama's picture

we are specialized in handing nike shoes and wishes to enter into business relations with you.Our company has been in this line of business for many years and enjoys high?international prestige.
car loans

Sun, 05/08/2011 - 15:27 | 1253472 mkkby
mkkby's picture

Leo, sadly you don't seem to have learned from your loss experiences.  You're still making variations of the NT bet today... High risk gambling on securities that have already made huge moves, never planning for the party to end.  Parties always end.  Bankers and insiders are selling into the high prices.  To succeed one needs to do what they do -- buying when it's uncomfortable.  You do the opposite and keep losing.

Sun, 05/08/2011 - 12:34 | 1253017 williambanzai7
williambanzai7's picture

We live in a world where all the big players are playing a different game from the game the little guys are playing. The big players can never lose and not because they are any smarter than anyone else.

That is the sad fact.

 

Sun, 05/08/2011 - 12:11 | 1252950 Urban Redneck
Urban Redneck's picture

You can learn from your successes or you can learn from your failures.  Since I prefer to to celebrate my successes, regardless of whether they resulted from skill or happenstance (and I can often barely remember their names a week after the celebration), I find it more convenient and practical to learn from my mistakes. 

Sun, 05/08/2011 - 01:00 | 1252394 Bay of Pigs
Bay of Pigs's picture

Here's some advice. Buy physical gold and silver and preserve your wealth. It has worked for 11 years running.

FWIW, I started walking 1000 miles a year with a back that was completely destroyed (according to my orthopedic surgeon) 12 years ago, and I have lived in Maui for the last year and a half. I have no complaints Leo. Life is short. Live well.

 

Sun, 05/08/2011 - 00:42 | 1252374 LostPosterity
LostPosterity's picture

I have been thinking about this in a different way.  I think one of the things that really screwed up the economy was the tightening of the bankruptcy laws and companies ignoring the Statute of Limitations and creating debts like Student loans that weren't subject to Bankruptcy or the Statute of Limitations at all. 

When someone went bankrupt or a debt went past the statute of limitations, that allowed whatever credit money they had spent into the economy to stay in circulation.  The interest on the debt was also forgiven.  It was like an escape valve that let some excess money into the economy and set the guy free to start over and try again.    I think there are a ton of 'frozen' debtors out there that can't really do anything like start a new business because they have a huge debt load taking away all of their capital as soon as they earn it or they are so depressed that they just stop contributing to the economy all together.  They have been through the pain^2 already.

  If they could forgive the ones past Statute and heavily discount a bunch of those old stale debts still in statute or the ones that are not able to be included in bankruptcy it might get things clicking again.   I talked to a dental student.  She said that when she graduated school, she would have a quarter million in student loans.  She was talking about how lucky she was that she could take over her fathers practice so she wouldn't have to pay to start her own.  That is a huge load to put on a young doctor.  How can they expect them to practice good medicine with a debt like that hanging over their heads?

The people that own the debts that are past statute really have to actually forgive the debt because the Statute of Limitations is bar to the payment of the debt but the debtor still feels like he owes it.  I read in an a really old law book somewhere that courts used to accept the defense of Statute of Limitations but would let the guy know he was practicing Knavery.  Bunch of credit card Knaves out there!!! Let em have their honor back or at least let them buy it back at a discount so they can get things cranked up again.  It would be better for everyone.  "Forgive us our debts as we forgive our debtors."   It would end up being better for the debt holders in the long run because if everything goes comepletely south, they will get bupkus.  This way, the guy might get going again and even eventually make good on the whole note.  More people than you think end up doing that.

Let the junking begin...

Sun, 05/08/2011 - 00:36 | 1252361 Coldfire
Coldfire's picture

Q: Why is divorce so expensive?

A: Because it is worth it.

Sun, 05/08/2011 - 01:03 | 1252400 W.M. Worry
W.M. Worry's picture

Ick.

Sat, 05/07/2011 - 23:11 | 1252201 RexZeedog
RexZeedog's picture

This article is stupid. The value is in learning, not in losing money. But sadly, one can't easily learn the right ways to trade and invest without losing some money. And why is that? Because the people who could actually teach you are too busy making money to take time out to teach you. Everyone who learns basically has to learn own their own.

Sat, 05/07/2011 - 23:17 | 1252209 Leo Kolivakis
Leo Kolivakis's picture

"Everyone who learns basically has to learn own their own."

Agreed but to do that you have to feel the pain of losing. I don't care who you are, if you've never felt that pain, you haven't learned anything.

Sat, 05/07/2011 - 22:54 | 1252160 BigJim
BigJim's picture

I don't agree with everything you write, Leo, but why people are so vicious towards you is a mystery to me.

Fuck 'em - have a long, happy, and prosperous life, while these nasty pieces of work have to endure the misery of being themselves.

Sat, 05/07/2011 - 23:40 | 1252261 lynnybee
lynnybee's picture

people are horrible.  that's what i've learned .   i used to think that everyone was kind & nice & honest ....... boy, was I ever stupid !  ........ the truly kind & honest people are very few & should be cherished.

Sat, 05/07/2011 - 23:12 | 1252204 Leo Kolivakis
Leo Kolivakis's picture

BigJim,

Let them be, just ignore them. Let them vent their frustrations on me. It's all part of the game. I don't give a rat's ass about vicious trolls that lurk here. They're pathetic and they know it.

Sat, 05/07/2011 - 22:46 | 1252142 sellstop
sellstop's picture

I have noticed that most of the truly successful people posess a large amount of self-control.

And they can voice a contrary opinion without resorting to vulgarity or personal attacks.

It is a rare quality I think.

gh

Sat, 05/07/2011 - 22:28 | 1252098 lynnybee
lynnybee's picture

I really liked the article.   Whenever I see a posting by  Mr. Kolivakis I make sure to read it ..... great deep thoughts & his articles speak to me .   

Sat, 05/07/2011 - 22:34 | 1252094 ebworthen
ebworthen's picture

 Duplicate, but keep up the positive attitude.

 

Sat, 05/07/2011 - 22:21 | 1252088 ebworthen
ebworthen's picture

 

Go Leo.

 

Sat, 05/07/2011 - 22:18 | 1252080 EvlTheCat
EvlTheCat's picture

I cannot even find the right adjectives to describe what a twat you are.  Taking financial advice from you and George Soros would be like cutting your wrists in order to donate blood to a food bank.  You are a diseased little man Leo Kolivakis and I hope someday those who follow your bullshit wake up and see you for what you are.

Take out a piece of white paper and start writing down all the worst possible things that come to your mind.

Leo Kolivakis ZH contributor.

Sat, 05/07/2011 - 22:38 | 1252113 ebworthen
ebworthen's picture

Get a grip on humanity; no excuse for that kind of mental and moral tripe.

Sat, 05/07/2011 - 22:16 | 1252077 ebworthen
ebworthen's picture

 

Go Leo.

 

Sat, 05/07/2011 - 22:15 | 1252073 surfersd
surfersd's picture

Everyone I know who has been fired from more then two jobs (particularly during the 90's) is either an alcoholic,

is broke or dead. In your case you must be delusional as well if you think what your post is read with any seriousness. Tyler this guy is giving zero hedge a bad name.

 

Sat, 05/07/2011 - 23:09 | 1252193 Leo Kolivakis
Leo Kolivakis's picture

You must not know many people. Some of the most successful people I've met across all industries have been fired more than a few times.

Sat, 05/07/2011 - 22:10 | 1252067 Kayman
Kayman's picture

Don't forget the banks were out of Nortel at $80.  Then the pump and dump really began.

A little anecdote for the faint-hearted...

I met my ex-wife at a gathering some 10 years after the classic ugly, ugly divorce. No one else was close  enough to hear, so I whispered in her ear.  "Because of you I lost all my assets, I lost my children, and for the longest time I lost my self-respect.  But you know what ? Getting rid of you, was worth it."

Yes, you can pick yourself up and start again.

Good topic Leo. Thanks.

Mon, 05/09/2011 - 06:41 | 1254829 falak pema
falak pema's picture

men always blame their mothers, their wives, their daughters; never their mistresses or their pet hobbies...we must have our priorities right since Helen of Troy. That was a ten year war too! But to get her back...some people never learn!

Sat, 05/07/2011 - 22:58 | 1252174 dogbreath
dogbreath's picture

priceless

Sat, 05/07/2011 - 21:57 | 1252042 aka_ces
aka_ces's picture

Leo,

Sorry for your loss w/ Nortel options, but count yourself lucky for not being a Nortel employeee anytime from 2000 onwards...

Sat, 05/07/2011 - 21:30 | 1251979 SwingForce
SwingForce's picture

Please, stick your Head up your Ass and turn clockwise....

Oh, I see you have already done so, sorry, I'll look away.....

Sat, 05/07/2011 - 21:22 | 1251948 Canucklehead
Canucklehead's picture

Leo, there seems to be two types of people in your life...  Those who fired you whom you like, and those who fired you whom you don't like.

Have you ever thought this pension business isn't for you and maybe it's time for a career change?

You only live once.  It must be tough to write a story every day that has a title with a "?" in it...

Sat, 05/07/2011 - 21:22 | 1251961 Zer0head
Zer0head's picture

canuklehead, I mean boiledass, see my post above and leave this place.

 

Yeomans duty is not all its cracked up to be.

Mon, 05/09/2011 - 06:44 | 1254834 falak pema
falak pema's picture

a fuzzy headed cat with tiger claws and a mouth that roars...what is the world coming too.

Sun, 05/08/2011 - 08:12 | 1252650 Canucklehead
Canucklehead's picture

... Nice parody comeback.  Were you intending to "help" Leo or "hurt" Leo?

Sat, 05/07/2011 - 20:44 | 1251874 Boilermaker
Boilermaker's picture

Did you actually attempt to author a post instead of a cut-and-paste orgy?

Sat, 05/07/2011 - 21:19 | 1251950 Zer0head
Zer0head's picture

Boilermaker, with all due respect, leave Zero Hedge and never return you scum sucking mother fucking troll.

Do NOT follow this link or you will be banned from the site!