Cedric Yau

“If it were facts, it wouldn’t be called Intelligence.” Donald Rumsfeld on Colbert

http://youtu.be/4Z3z7DvoA-M

Just as head-burying ostriches are not the opposite of pigs, Greed is not the opposite of fear.  The opposite of fear is faith.  Give people something to believe in and their fear will vanish. 

When it comes to credit, is trust increasing or decreasing?  Is faith increasing or decreasing in the 3 C’s of Character, Capital, and Capacity?

Trading without a clear opportunity and thesis is like punching for the sake of punching.  Sometimes it leads to a kick in the head.  

It is not enough to be right. Others must be wrong.

And if you can’t be right, at least be less wrong.

Every thesis must have antithesis. Know how you might be wrong.

I’ve lost money when my thesis was right.  I’ve lost money when my thesis was wrong.  But the worst losses come when in hindsight, I’ve realized my thesis was not even wrong.

The problem with over-trading is that thesis-based gut feelings often feel like technical impulses lacking thesis.

Better to choose to be on the sidelines and wait for the right opportunity than to be sidelined by an impulsive trade gone wrong.

Every joint in the body is like a pulley with an elastic band representing the muscle antagonists. One side shortens while simultaneously the other side lengthens.  And vice versa.  Feel the transfer of potential. 

As a muscle lengthens, its potential increases like the drawing of a bow or spring.  As biceps contract, triceps charge. Savasana allows for maximum potential.  Feel the body reset and recharge.  

I’m not just Recovering Type-A…I’m the Most Type-B person I know.