Livermore

Advice From The Trader Who Made $1 Billion In 1929...

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made big money for me. It was always my sitting.

Investing Wisdoms... Spot What's Missing

"Experience is an expensive commodity to acquire, which is why it is always cheaper to learn from the mistakes of others... not one of the investing greats in history ever had "buy and hold" as a rule."

NBC News Writes "What Should You Do In Case Of Nuclear Attack?"

"Some leading emergency response planners view the persistent menace of North Korea as a new opportunity: reason to alert the American public that a limited nuclear attack can be survivable, with a few precautions. The simplest of the warnings is: "Don't run. Get inside." Sheltering in place, beneath as many layers of protection as possible, is the best way to avoid the radiation that would follow a nuclear detonation." - NBC

Elon Musk Launches Company To Hook Up People To Computers

In case revolutionizing the transportation and energy industries while colonizing Mars wasn't enough of a challenge for Elon Musk, in his latest venture the billionaire entrepreneur now "wants to merge computers with human brains to help people keep up with machines."

The 2nd Commandment Of Trading

"You can always buy it back" is one of the '10 Trading Commandments'. It is meant to encourage good risk management – cutting your losses before they kill you. But it is easier said then done and thanks to some useful academic work now we know why.

The Real Value Of Cash

If an individual is “literally” burying cash in their backyard, then the discussion of the loss of purchasing power is appropriate. However, if cash is a “tactical” holding to avoid short-term destruction of capital, then the protection afforded outweighs the loss of purchasing power in the distant future.

Weekend Reading: Market Breaks Support, Time To Worry?

“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.”