First time I heard about paraprosdokians, I liked them. Paraprosdokians are figures of speech in which the latter part of a sentence or phrase is surprising or unexpected and is frequently humorous. (Winston Churchill loved them).
- Where there’s a will, I want to be in it
The last thing I want to do is hurt you … but it’s still on my list.
Since light travels faster than sound, some people appear bright until you hear them speak.
If I agreed with you, we’d both be wrong.
We never really grow up — we only learn how to act in public.
War does not determine who is right, only who is left.
Knowledge is knowing a tomato is a fruit. Wisdom is not putting it in a fruit salad.
To steal ideas from one person is plagiarism. To steal from many is research. View full article »
In 2015, several large banks began selling billions in something called a “bespoke tranche Opportunity” this is just
another name for CDO as quoted by Bloomberg.
A bundle of mortgage-backed securities. Yes, a bundle of bundles of mortgages. There were also “CDO Squared,” which were bundles of bundles of bundles of mortgages. As you would imagine, these got so complicated that nobody really understood what the underlying value of these were. Yet in many cases they were still rated as very safe investments.
Recalling the subprime and global crisis of 2008 unwinding Credit Default Swaps, Bonds and Basis Trade,
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The WordPress.com stats helper monkeys prepared a 2015 annual report for this blog.
Here’s an excerpt:
The concert hall at the Sydney Opera House holds 2,700 people. This blog was viewed about 24,000 times in 2015. If it were a concert at Sydney Opera House, it would take about 9 sold-out performances for that many people to see it.
Click here to see the complete report.
I collected some quotes from the books that I read and some quoted not so professionally you might like them:-
- Associate to Analyst: “My Tuesday night is your Friday night.” ED to Associate: “My bar tab is your pay check.”
- The challenge is not to manage time, but to manage ourselves.” – Steven Covey
- When it doesn’t matter how much the drinks cost, it’s always happy hour.
- One machine can do the work of fifty ordinary men. No machine can do the work of one extraordinary man.” – Elbert Hubbard
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Extraordinary returns follow extraordinary discipline. Discipline in buying and selling, and maybe the most important one of all, holding. Developing the conviction to hold is something that I’ve learned over time. It didn’t come easy. The basis of this article is to give some insight on how to develop the conviction to hold your winners. It is very tempting to sell along the way, and it’s okay to take a little off the table, but the big money is made by holding.
“It never was my thinking that made the big money for me. It always was my sitting.” — Reminiscences of a Stock Operator
Many of us, myself included, look at stocks that have made big moves and think to ourselves, “If I would have only knew about that company and bought it back then.” View full article »