Christine

Think positive?

I’ve have some real misgiving about positive thinking — even when the world looked rosy, I had a hard time accepting it.

Now, I’m told by my youngest that my negativity is a definite hindrance. do you think?

I’m thinking his positive thinking is pretty much for the birds, but don’t want to burst his bubble. I think that’s pretty positive of me…

Christine

six rules

Michael Steinhardt

Saw this post this morning, Six Rules by Michael Steinhardt,  successful hedge fund manager. One dollar invested with Steinhardt Partners LP, his flagship hedge fund, at its launch in 1967 would have been worth $481 when Steinhardt retired in 1995.

Although this focuses on money, I think it may pertain to many other aspects of our lives.  Alas, too late for me for the first! I never listened to anybody, and, later, I thought that might be the reason why I got into trouble. Hmmm. If Steinhardt is right, does this mean I would have done even worse?! For #2, although I now do what I love, I found that some of the jobs that I didn’t like actually taught me some really important lessons that were, in fact, building blocks or stepping stones. Life is very strange!

Anyway, here goes with Steinhardt’s Six Rules:

  1. Make all your mistakes early in life. The more tough lessons you learn early on, the fewer errors you make later. (A common mistake of all young investors is to be too trusting with brokers, analysts, and newsletters who are trying to sell you bad stocks.)
  2. Always make your living doing something you enjoy. This way, you devote your full intensity to it which is required for success over the long-term.
  3. Be intellectually competitive. This involves doing constant research on subjects that make you money. The trick, he says, in plowing through such data is to be able to sense a major change coming in a situation before anyone else.
  4. Make good decisions even with incomplete information. In the real world, he argues, investors never have all the data they need before they put their money at risk. You will never have all the information you need. What matters is what you do with the information you have. Do your homework and focus on the facts that matter most in any investing situation.
  5. Always trust your intuition. For Steinhardt, intuition is more than just a hunch. He says intuition resembles a hidden supercomputer in the mind that you’re not even aware is there. It can help you do the right thing at the right time if you give it a chance. In fact, over time your own trading experience will help develop your intuition so that major pitfalls can be avoided.
  6. Don’t make small investments. You only have so much time and energy so when you put your money in play. So, if you’re going to put money at risk, make sure the reward is high enough to justify it.

* This report was originally published by The Kirk Report on June 2, 2004. I pulled it today from Barry Ritholtz’s blog.

Christine

midnight, jupiter

happened to be still up, so went outside to see Jupiter.It is huge and it is bright and it is directly overhead, just where I was told it would be.

It won’t be this big or this bright again until 2022.  On Monday, it passed 368 million miles from the Earth —  the nearest it’s been to our planet since 1963 (and god knows, I know how long ago that was!)

It’s three times brighter than Sirius, the brightest star. Uranus also makes a close approach, and will appear close to Jupiter, but I couldn’t see it.

At dusk, Jupiter will be low in the east. Just before sunrise, it will be visible setting in the west. And, this viewing opportunity will continue for many weeks!

Only thing is I have tons of trees to the east and a high building to the west, so I HAVE to wait until midnight for my chance to see it!

Christine

Glass breaks

Guess what I had to buy this morning… A blender!

No, it was not out of envy for my son’s 12-speed model. (link provided, in case you want to revisit THAT post).

It’s more because, I don’t know, I’m getting old? (That link shows my coffee pot with a hole in it, so you don’t have to click if you don’t feel like it).

Now, I am not going to explain why I bought a blender. You guess…

Here’s a hint:

And NOOOOO. It was not my son who broke it.

It was ole-miss-take-care-of-everything instead of minding-her-own-business.

Lesson learned. Do not clean up after anybody until you’ve had your first cup of coffee (provided that you have not broken the coffee pot).

Christine

North L

And to think that I saw it on North L Street! I heard them first — that familiar clip clop, but knew I shouldn’t be hearing that sound. But there they were!

Denise and MoMo and Brian and Cally (I think?)

I went running down the street after them. Finally caught up, and asked them what they were doing in Lake Worth.
“We’re looking for this lady,” Brian said.
“She’s wearing a black dress and she has gray hair.”
“Oh, I said. “Did she do something bad?”
“Well, we were told to drag her in,” he said.