Re:Market efficiency and umbrellas.
diana singh (dianamui@yahoo.com)
Mon, 5 Jul 1999 11:01:34 -0700 (PDT)
J.R. wants to know what I recommend as an umbrella.
What purpose does an umbrella serve in the rain?
It prevents you from getting wet.
What are it's other advantages?
It's handy, it sometimes protects you against the sun,
you can hit someone with it, it feels good to hold on
to, you love to hear the rain hitting the cloth, you can
hide your face if you don't want to meet someone...
What are it's disadvantages?
You sometimes forget to bring it home because you left it at the
grocery store, in heavy rain it makes a mess of you
rather than protecting you, it does not dry quickly...
There are a few things for the stock market
which have similar traits;
Money, Mind, Memory, Discipline, Knowledge(Technical
& Fundamental), Management(of money and time).
I am sure you are more aware than me about these things
but it was good to refresh myself.One thing that can get
you killed in the market is a bit of hands off approach.
It does not help to be away from the market or to avoid
discussing it.I know(as you and others might also be aware)
of the monday morning false starts in the trading ring(ours
is totally computerised via VSAT network thru satellite).
Bye!
Gurvinder
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