“Conventional thinking, particularly around important turning points, is usually not very helpful because it tends to focus on the extrapolation of past trends into the future.” - Tony Boekh
Friday 31 July 2015
CSE - Percentage wise Top 25 Gainers and Losers in July 2015 & YTD
Top 25 Gainers in July 2015
Top 25 Losers in July 2015
Top 25 Gainers YTD (Year-to-date)
Top 25 Losers YTD (Year-to-date)
Top 25 Losers in July 2015
Top 25 Gainers YTD (Year-to-date)
Top 25 Losers YTD (Year-to-date)
Thursday 30 July 2015
Quote for the day
“If you can be patient and ignore the crowd, you will likely win. But to imagine you can, and to then adopt a flawed approach that allows you to be seduced or intimidated by the crowd into jumping in late or getting out early is to guarantee a pure disaster.” - Jeremy Grantham
Wednesday 29 July 2015
Quote for the day
“The people who want to be recognized as the greatest traders are probably not the greatest traders. Egos get in the way of the process. In my opinion, you never want to be the largest player in the pit.” - Blair Hull
Tuesday 28 July 2015
Tribute to Dr. A.P.J. Abdul Kalam
Srilankan Share Market Blog deeply saddened by the demise of Dr A.P.J. Abdul Kalam, who truly inspired a new generation.
We selected 12 of his Quotes which are some how related to trading.
Quote for the day
“The first principle is that you must not fool yourself, and you are the easiest person to fool.” - Richard Feynman
Monday 27 July 2015
Quote for the day
“In a nutshell, if you're too conservative, you won't do any trades, and if you're too aggressive, you're going to get picked off a lot. The trick is to try to strike a balance between the two.” - Jeff Yass
Sunday 26 July 2015
"The typical path of how people respond to life-changing inventions"
- I've never heard of it.
- I've heard of it but don't understand it.
- I understand it, but I don't see how it's useful.
- I see how it could be fun for rich people, but not me.
- I use it, but it's just a toy.
- It's becoming more useful for me.
- I use it all the time.
- I could not imagine life without it.
- Seriously, people lived without it?
Source: Innovation Isn't Dead, By Morgan Housel
Quote for the day
“Anything outside yourself, this you can see and apply your logic to it. But it's a human trait that when we encounter personal problems, these things most deeply personal are the most difficult to bring out for our logic to scan. We tend to flounder around, blaming everything but the actual, deep-seated thing that's really chewing on us.” - Lady Jessica
Saturday 25 July 2015
31 Questions That Will Change Your Life
By Anna Chui
Who said that there had to be an absolute answer for each and every question? Sometimes the ability to ask yourself questions’ an act to challenge yourself and help you to be a better person. Try the following questions that may change your life.
- Are you doing what you truly want to do?
- Do you have a dream to follow?
- Are you proud of what you’re doing or what you’ve done?
- How many promises have you made and how many of them have you fulfilled?
- What’s the one thing you really want to do but have never done so, and why?
- Have you ever failed anyone who you loved or loved you?
- Will you take a shot if the chance of failure and success is 50-50?
- If you could travel to the past in a time machine, what advice would you give to the 6-year-old you?
- Will you break the rules because of something/someone you care about?
- Have you ever abandoned a creative idea that you believed because others thought you were a fool?
- What would you prefer? Stable but boring works or interesting works with lots of workload?
- Are you afraid of making mistakes even though there’s no punishments at all?
- If you would clone yourself, which of your characteristics you wouldn’t want to be cloned?
- What’s the difference between you and most of the other people?
- Are you making some influences on the world or constantly being influenced by the world?
- The thing you cried for last time, does it matter to you now or will it matter to you 5 years later?
- Is there anything you can’t let go of but you know you should?
- Do you remember anyone you hated 10 years ago? Does it matter now?
- Which makes you happier, to forgive someone or to hate someone forever?
- What are you worrying about and what’s the difference if you stop worrying about it?
- If you’d die now, would you have any regrets?
- Which one would you prefer, having a luxurious trip alone or having a picnic with people you love?
- Who do you admire and why?
- Is there anyone who inspired you and made you who you are today?
- What’s the thing you’re most satisfied with?
- When was the last time you laughed and what did you laugh at?
- Are you doing anything which makes you and people around you happy?
- Is there anyone who you love or loves you?
- When was the last time you really talked with your parents/family?
- If happiness is a currency, how rich do you think you are?
- If today’d be the end of the world, what’d you do?
Source:www.lifehack.org/
Quote for the day
“If you buy things you don’t need, soon you will have to sell things you need.” ~ Warren Buffet
Friday 24 July 2015
Quote for the day
“Do not save what is left after spending, but spend what is left after saving.” – Warren Buffet
Thursday 23 July 2015
Quote for the day
“Success is there to motivate us, not to keep us stagnant. Keep following your passion. You were not created to live a mediocre, safe life.” - Gary Player
Wednesday 22 July 2015
Quote for the day
“In the face of uncertainty, wisdom is to err on the side of pushing, to not give up. But you have to be ready to recognize when pushing is only ego, only weakness. You have to be ready to recognize when the pushing can turn to harm.” - Atul Gawande
Tuesday 21 July 2015
Monday 20 July 2015
Quote for the day
"The man who does more than he is paid for will soon be paid for more than he does." - Napoleon Hill
Sunday 19 July 2015
Trade Like a Boy Scout
By Steve Burns
The Boy Scouts have been instrumental in the personal growth of millions of young people in the United States. One of the reasons for their success is that they stand for something, and they faithfully practice what they believe. We all know “Always be prepared”, and that’s surely good advice. But they also follow something they call the Boy Scout Law.
The Boy Scouts have been instrumental in the personal growth of millions of young people in the United States. One of the reasons for their success is that they stand for something, and they faithfully practice what they believe. We all know “Always be prepared”, and that’s surely good advice. But they also follow something they call the Boy Scout Law.
This law focuses on always doing your best, for yourself and others. This got me thinking that there is a lot we can learn from the Boy Scout Law, in all walks of life. Even trading.
A Scout is:
Let’s translate this to trading:
A Scout is:
- Trustworthy
- Loyal
- Helpful
- Friendly
- Courteous
- Kind
- Obedient
- Cheerful
- Thrifty
- Brave
- Clean
- Reverent
Let’s translate this to trading:
A Trader is:
- Trustworthy - Be honest with yourself and those closest to you. Trading is difficult, and you will need all the support you can get.
- Loyal - There may be no better trait than loyalty. Surround yourself with those that you respect and who respect you, and defend them to the end.
- Helpful - No matter where you are on your trading journey, there is someone else that knows less than you. Find someone to help with an encouraging word or two.
- Friendly, courteous, and kind - We all have some fun poking at each other here and there, but keep in mind that the markets can hurt, both financially and emotionally. Be respectful of the feelings of others.
- Obedient - Nothing will set you apart from other traders faster than being obedient to your trading plan. Develop a strategy and stick with it, no matter what.
- Cheerful - I think that the more good-natured you are, the more people will be attracted to you, and the more opportunities you will have. There is no place for gloom and doom.
- Thrifty - Being careful with your capital should be of paramount importance to you. Your goal is to have bigger wins and smaller losses.
- Brave - Let’s face it, there are times when you have to go against your natural instincts and be brave. You need to be brave enough to get in, and brave enough to get out.
- Clean - The Boy Scouts are probably talking about scrubbing behind your ears and campsites, but I think that all traders should endeavour to play by the rules and keep it clean.
- Reverent - Having reverence for something is “feeling or showing deep and solemn respect”. We all should have respect for the markets, for the small part we play, and those brave enough to trade them.
Source: http://www.newtraderu.com/
Quote for the day
"Let's go invent tomorrow rather than worrying about what happened yesterday." - Steve Jobs
Saturday 18 July 2015
“Don’t marry hot stocks, just date them.”
By Steve
7 Ways A Hot Stock is Like A Hot Girlfriend.
3. A good stock might look great on the outside with it’s price action but it may not have the best fundamentals for getting serious with.
4. Hot stocks are great for the short term but for the long term you want a solid investment.
5. Be careful with hot stocks they may look great on the outside but they can break your heart at any moment.
6. A hot stock can be a lot of fun for awhile but they can be a lot of drama when no one wants them anymore.
7. As long as a hot girlfriend is very popular she will be happy but when no one wants to date her she goes into a downward spiral. This applies to hot stocks as well.
7 Ways A Hot Stock is Like A Hot Girlfriend.
1. Hot stocks are only good when they are in up trends, when the party is over you have to break up with them.
2. Hot stocks are great to trade in and out of but you don’t want to turn them into a life long investment.
3. A good stock might look great on the outside with it’s price action but it may not have the best fundamentals for getting serious with.
4. Hot stocks are great for the short term but for the long term you want a solid investment.
5. Be careful with hot stocks they may look great on the outside but they can break your heart at any moment.
6. A hot stock can be a lot of fun for awhile but they can be a lot of drama when no one wants them anymore.
7. As long as a hot girlfriend is very popular she will be happy but when no one wants to date her she goes into a downward spiral. This applies to hot stocks as well.
Source: www.newtraderu.com
Quote for the day
"Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young." - Henry Ford
Friday 17 July 2015
Quote for the day
“The market has no respect for your station in life or for how smart an investor you have been until now. In fact, the market in this incarnation most prefers to humiliate those who remain smug or who appear to be telling it what to do and when to do it.” - Tom Petruno
Thursday 16 July 2015
Quote for the day
“Should you find yourself in a chronically-leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.” - Warren Buffett
Wednesday 15 July 2015
Quote for the day
“A lot of people would rather understand the market than make money.” - Ed Seykota
Tuesday 14 July 2015
Quote for the day
“Learn principles. Facts will then fall into their relations and connections.” - Dickson G. Watts
Monday 13 July 2015
Quote for the day
"The only sound reason for buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering." - Nicolas Darvas
Sunday 12 July 2015
Life Rules
1. Karma exists. It may not be instant like in that John Lennon song, but it happens. May take a long time, might not be easily seen, may not be visible to anybody but you, the one who was scathed, but it’s real.
2. Niceness triumphs. Although no one can be nice all the time. And sometimes you have to push back. But if you’ve got the option, be nice, people appreciate it.
3. Be yourself. We’re all individuals. That’s what attracts others to us, our uniqueness. Don’t try to imitate someone else, focus on your strengths and heighten them. Everyone can’t do everything. Don’t try to fit your square peg in a round hole. But your trapezoid will appeal, if you just let it shine.
4. You can’t please everybody. It’s a phony concept that flames out. Be thankful you’ve got your group, your friends, your family, your fans. There are those who would appreciate you whom you’ve never met, focus on meeting them, not those who don’t care.
5. Education is everything. And it doesn’t have to happen in school. But at this late date we can understand why reading, writing and ‘rithmetic are so important. Yes, in the internet era, reading and writing are everything (typing too!) As for math… You can’t do a deal without knowing the numbers. And everybody wants to do a deal.
6. Learning is lifelong. You keep gaining insight and then you die. Life is a puzzle, one in which you’re constantly delivered new pieces. And you can’t figure some stuff out until you get this new information. Which is why age equals wisdom and the young may have their youth, but the old have all the happiness.
7. Possessions mean less as you age. You can’t take them with you. Furthermore, we’re evolving into a no possessions era. One in which you can rent a ride and you don’t even have to own a car. Experiences are everything.
8. No one has the answers when it comes to love. There’s no perfect partner, if you’re looking for one you’re doomed. The key is to play. Relationships are the salad dressing of life, without them it tastes very bland.
9. Do the right thing. Not only will it make a difference, you’ll feel better about yourself.
10. Time starts accelerating sometime in your late thirties or forties. If you’re not paying attention, if you’re not steering, chances are you’re not gonna get where you want to go.
11. Inspiration comes from displacement. Get out of your comfort zone, the rewards are legion.
Source: http://lefsetz.com/
2. Niceness triumphs. Although no one can be nice all the time. And sometimes you have to push back. But if you’ve got the option, be nice, people appreciate it.
3. Be yourself. We’re all individuals. That’s what attracts others to us, our uniqueness. Don’t try to imitate someone else, focus on your strengths and heighten them. Everyone can’t do everything. Don’t try to fit your square peg in a round hole. But your trapezoid will appeal, if you just let it shine.
4. You can’t please everybody. It’s a phony concept that flames out. Be thankful you’ve got your group, your friends, your family, your fans. There are those who would appreciate you whom you’ve never met, focus on meeting them, not those who don’t care.
5. Education is everything. And it doesn’t have to happen in school. But at this late date we can understand why reading, writing and ‘rithmetic are so important. Yes, in the internet era, reading and writing are everything (typing too!) As for math… You can’t do a deal without knowing the numbers. And everybody wants to do a deal.
6. Learning is lifelong. You keep gaining insight and then you die. Life is a puzzle, one in which you’re constantly delivered new pieces. And you can’t figure some stuff out until you get this new information. Which is why age equals wisdom and the young may have their youth, but the old have all the happiness.
7. Possessions mean less as you age. You can’t take them with you. Furthermore, we’re evolving into a no possessions era. One in which you can rent a ride and you don’t even have to own a car. Experiences are everything.
8. No one has the answers when it comes to love. There’s no perfect partner, if you’re looking for one you’re doomed. The key is to play. Relationships are the salad dressing of life, without them it tastes very bland.
9. Do the right thing. Not only will it make a difference, you’ll feel better about yourself.
10. Time starts accelerating sometime in your late thirties or forties. If you’re not paying attention, if you’re not steering, chances are you’re not gonna get where you want to go.
11. Inspiration comes from displacement. Get out of your comfort zone, the rewards are legion.
Source: http://lefsetz.com/
Quote for the day
“Investing defensively requires that when everything seems to be going well and investors are feeling positive, we must sense the implicit danger and prepare for negative developments.” - Howard Marks
Saturday 11 July 2015
Iron Rules of Money
By Morgan Housel
No matter who you are, how much you earn, or how you invest, a few truths apply to you and your money.
Spending money to show people how much money you have is the surest way to have less money.
According to World Bank economist Branko Milanovic, "the poorest [5%] of Americans are better off than more than two-thirds of the world population." Furthermore, "only about 3% of the Indian population have incomes higher than the bottom (the very poorest) U.S. percentile." And those figures are adjusted for differences in cost of living.
The easiest way to judge how well you're doing is to compare yourself to people around you. The curse of living in the United States is that most people are doing well, so your own success looks ordinary. If you want to feel rich, look at the 90% of the world that isn't American or European. You'll realize that feeling rich is just a mental game.
The goal of investing isn't to minimize boredom, it's to maximize returns.
Successful investing is pretty boring. Its main requirement is patience and inaction. Most people demand more excitement, so they tweak, fiddle, and adjust their investments as much as necessary to destroy as much of their wealth as possible. If you want to do better than average at anything, you must do something that most people can't. In investing, that means putting up with perpetual boredom. It's a serious skill.
The only way to build wealth is to have a gap between your ego and your income.
Getting rich has little to do with your income and everything to do with your savings rate. And your savings rate is just the difference between your ego and your income. Keep the former in check and you should be fine over time.
The most valuable asset you can have is a strong propensity to not care what others think.
Most people are bad with money, so being good means doing things differently than they do. You won't spend as much. You'll invest differently. You'll grow wealth slower. This can make you look like a fool in the short run. But who cares what others think? They're probably idiots. As Charlie Munger put it, "Someone will always be getting richer faster than you. This is not a tragedy." Not only is it not a tragedy, but it's a necessity. The ability to not care what other people think about what you're doing is mandatory in achieving abnormal results.
Spend more time studying failures than successes.
You can learn more about money from the person who went bankrupt with a subprime mortgage than you can from Warren Buffett. That's because it's easier and more common to be stupid than it is to be brilliant, so you should spend more effort trying to avoid bad decisions than making good ones. Economist Eric Falkenstein summed this up well: "In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves."
People are flawed, so a lot of stuff makes no sense.
As James Grant put it, "To suppose that the value of a stock is determined purely by a corporation's earnings is to forget that people have burned witches, gone to war on a whim, risen to the defense of Joseph Stalin, and believed Orson Welles when he told them over the radio that the Martians had landed."
Anything can happen at any time for any reason.
You might be laid off next week. You can be sued tomorrow. Or win the lottery. Maybe you'll get cancer. Or a huge promotion. Stocks can rally for twice as long as you think and crash twice as fast as you assumed. History is one damned thing after another, most of it involves money, and there's nothing you can do about it.
Good luck.
Source: http://www.fool.com/
Spending money to show people how much money you have is the surest way to have less money.
Singer Rihanna earns tens of millions of dollars, but found herself "effectively bankrupt" in 2009. She sued her financial adviser for not doing his job. He offered a legendary response: "Was it really necessary to tell her that if you spend money on things you will end up with the things and not the money?"
The first iron rule of money is that wealth is the stuff you don't see. It's the cars not purchased, the clothes not bought, the jewelry forgone. Money buys things, but wealth -- assets such as cash, stocks, bonds, in the bank, unspent -- buys freedom and security. Pick which one you want wisely.
Wealth is completely relative.
The first iron rule of money is that wealth is the stuff you don't see. It's the cars not purchased, the clothes not bought, the jewelry forgone. Money buys things, but wealth -- assets such as cash, stocks, bonds, in the bank, unspent -- buys freedom and security. Pick which one you want wisely.
Wealth is completely relative.
According to World Bank economist Branko Milanovic, "the poorest [5%] of Americans are better off than more than two-thirds of the world population." Furthermore, "only about 3% of the Indian population have incomes higher than the bottom (the very poorest) U.S. percentile." And those figures are adjusted for differences in cost of living.
The easiest way to judge how well you're doing is to compare yourself to people around you. The curse of living in the United States is that most people are doing well, so your own success looks ordinary. If you want to feel rich, look at the 90% of the world that isn't American or European. You'll realize that feeling rich is just a mental game.
The goal of investing isn't to minimize boredom, it's to maximize returns.
Successful investing is pretty boring. Its main requirement is patience and inaction. Most people demand more excitement, so they tweak, fiddle, and adjust their investments as much as necessary to destroy as much of their wealth as possible. If you want to do better than average at anything, you must do something that most people can't. In investing, that means putting up with perpetual boredom. It's a serious skill.
The only way to build wealth is to have a gap between your ego and your income.
Getting rich has little to do with your income and everything to do with your savings rate. And your savings rate is just the difference between your ego and your income. Keep the former in check and you should be fine over time.
The most valuable asset you can have is a strong propensity to not care what others think.
Most people are bad with money, so being good means doing things differently than they do. You won't spend as much. You'll invest differently. You'll grow wealth slower. This can make you look like a fool in the short run. But who cares what others think? They're probably idiots. As Charlie Munger put it, "Someone will always be getting richer faster than you. This is not a tragedy." Not only is it not a tragedy, but it's a necessity. The ability to not care what other people think about what you're doing is mandatory in achieving abnormal results.
Spend more time studying failures than successes.
You can learn more about money from the person who went bankrupt with a subprime mortgage than you can from Warren Buffett. That's because it's easier and more common to be stupid than it is to be brilliant, so you should spend more effort trying to avoid bad decisions than making good ones. Economist Eric Falkenstein summed this up well: "In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves."
People are flawed, so a lot of stuff makes no sense.
As James Grant put it, "To suppose that the value of a stock is determined purely by a corporation's earnings is to forget that people have burned witches, gone to war on a whim, risen to the defense of Joseph Stalin, and believed Orson Welles when he told them over the radio that the Martians had landed."
Anything can happen at any time for any reason.
You might be laid off next week. You can be sued tomorrow. Or win the lottery. Maybe you'll get cancer. Or a huge promotion. Stocks can rally for twice as long as you think and crash twice as fast as you assumed. History is one damned thing after another, most of it involves money, and there's nothing you can do about it.
Good luck.
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