Superintelligence CouncilСовет гения · sim.im

Search

topic: subscription ✕

440 passages, newest first · 38 ms

4:15-6:00 p.m.

Chills a bit. Works on his P&Ls and goes for a
workout or a run.

6:00-6:30 p.m.

Dinner.

6:30-7:00 p.m.

Works on his customized charts of about seventy stocks.

7:00-8:30 p.m.

Collects and reviews data, listens to hot lines, works
on…

8:30-10:30 p.m.

Prepares for tomorrow. Ponders strategies, plots
inflection points, tries to spot trends, puts info on
five-by-eight cards.

10:30 p.m.

Lights out. Pillow talk. And I quote:

Audrey:

"Buzzy,
how'd you do today?"

Him:

"Okay, but I
should have done better."

Audrey:

"All traders
are the same. You want to buy at the low, sell at the high, do
it three times as large, and quit at the top."

Him:

"Yeah,
absolutely."

Yes indeedy, happily, for him, the fight never
stops. He says markets move around the globe like the sun.
Main ones in the U.S. are open from 9:30 a.m. to 4:00 p.m.,
but there are after-hours markets for bonds, stocks, futures
and more. The S&Ps which are his bread and…

Hmn? Seems to me this man is missing
something. He makes lots of money but something seems wrong.
I'm trying to focus on it. It's right there at the edge of my
consciousness. If only I could grab hold of it. Oh wait! I've
got it! Here's that teensy little flaw which seems to have
eluded…

He Doesn't Have A Life!

Should you read his book? Yeah, probably if
you are fanatically interested in the stock market. He's got
some excellent insight and strategies. However, compared to
what I'm about to share with you, it amounts to manufacturing
a watch several times a day just so you'll know what time it
is…

Those are the two extremes: The long-term
investor and the day-traders. Then, there's the vast middle
area of investors who trade a few times a month, based on the
advice of their brokers (none of whom understand the stock
market), advice they get from magazines, newsletters,
newspapers, friends, relatives and so on. Financially
speaking, this is sort…

None of these mindsets work for me.
What I want is to invest in only those stocks which
offer me a legitimate chance of going up 50%
or more in one day... and... I want to do it in
such a way that I myself, can legally do something which will make it likely to happen. Do you think it…

Actually, it was a piece of cake.

Here's a true story which'll help you
understand the first part of it: My second wife Nancy and I
once spent weeks analyzing all the data for five years' worth
of races at the Ascot Racetrack in Northeastern Ohio. (I think
it's gone now.) We did a "mathematical regression
analysis…

The results were surprising. You know what the
first thing you should handicap is, if you want to make a
living betting on horse races? Aw, you'd never
figure it out for yourself so I'll just go ahead and tell you:

The First Thing You Want

To Handicap Is The "Crowd"

That Attends The Different Racetracks!

What you want is, to place your bets at a
track with the highest percentage of people who are illiterate
about horse racing. How do you find this out? Easy. You just
study the Racing Form and find out which tracks have the lowest
percentage…

Think about it: If you had to make your living
playing poker, what is the best advantage you could have?
Better cards than the other players? That's impossible. In the
long run, all card players will receive exactly the same
percentage of good hands, bad hands and mediocre hands. No,
you don't necessarily want the best cards. What…

Dumb, Stupid

Rich Guys!

The next thing you want to do if you are going
to play the ponies for a living... is... eliminate those
horses almost certain not to win. Here's a major secret
on how to do that: Except in high-stakes races, eliminate all
horses who haven't ran a race in 21-days. Why? Because…

We Never Had A Losing

Day At The Track In Ten Years!

But truly, it's a dreary way to make money. If
you're really playing to win, it's tedious drudgery and takes
all the fun out of it. Nowadays, if I ever do go to the track,
I simply bet on the horse which most resembles my…

Anyhow, let's get gazockaling on beating the
stock market. Now, here's the first rule I made for myself:
BUY ONLY STOCKS LISTED ON ONE OF THE THREE MAJOR STOCK
EXCHANGES.

The reason for that rule? Simple: You see, I
realize I'm never going to make any money by buying
stocks. I'm only going to make money…

Believe it or not, that rule alone eliminates
hundreds of thousands of stocks. Here in America, aside from
the three major exchanges, you can buy OTC (Over-The-Counter)
stocks, "pink sheet" stocks (ask your broker if
you're interested) and stocks from all sorts of other sources.
You can also buy stocks listed on the Toronto Exchange and all…

Let's leave all that up to Buzzy. For the time
being at least, let's you and me keep it simple and easy. That
OK with you?

There are three major stock exchanges here in
the U.S. The best known, of course, is the NYSE or New York
Stock Exchange. There are approximately 3,500 stocks actively
traded…

Then, there's the NASDAQ Exchange on which
approximately 5,600 are actively traded.

Finally, there's the AMEX or American Stock
Exchange which has approximately 760 actively traded issues.

In Section C ("Money And Investing")
of the Wall Street
Journal, there is a summary of what the stock market did
on the previous day of trading. It's called…

Let's Ignore It!

However, one part of this "Stock Market
Data Bank" reveals what stocks had the highest percentage
increase in price ("Price Percentage Gainers") and
what stocks had the greatest decrease in price which is
aptly titled "Losers."

All I was interested in when I started my
research was the column which gave out the info on the
"Price Percentage Gainers." Not only that, out of
all the gainers, I was only interested in those stocks which
had gained 50%... or
more... the previous day. I wanted to know what made this
small, elite group of stocks different…

More