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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Nos Da who wrote (201817)	7/30/2011 3:26:31 PM
From: Canuck Dave	2 Recommendations Read Replies (4) \| Respond to of 312975

Good advice, though I think each person has to tailor their trading style to their own personality. Me, I like action... You talking about quality reminded me of two things. First, I don't remember if you're old enough to remember Zen and the Art of Motorcycle Maintenance.It was big back in the 70's. Book was all about analyzing what quality was. Also, personality and how different people approached both quality and motorcycle maintenance. Ultimately, quality is an ephemeral concept. Ten years ago, a self-styled stock trading guru here on SI was recommending people buy Exodus communications (they ran server farms), saying it was pure quality. I nibbled a bit, but got out quickly when the price dropped. A year later, EXDS was bankrupt, drowning in loans it couldn't service from overbuilding during the boom. The SI stock picking guru was killed a year later, shot by security guards at a jewelry store (true story). I wonder if he ultimately got wiped out by his own idea of what quality was. Seems the moral of the that story is to be open to the notion that what you once thought to be worthwhile may indeed not be. CD