That something is the quarantine doesn’t work. (we knew that from the beginning, BTW).
As the economy is slowly and surreptitiosly reopening, we heard that Renaisance Technologies RENTCH has lost 20% this year (article at Financial Times and Bloomberg).
“The East Setauket, New York-based firm is best known for its Medallion fund, which is only open to executives and employees and has had annualized gains of roughly 40% over the past three decades.
Bloomberg News
Surprised ?
Meanwhile, make that call to see how we can help you.
If we cannot help you, and we determine that in 10 minutes or less, you”ll only pay a cancelation fee.
And if we can give you the right directions… It’ll be one of the best call you’ve ever made.
Now if we can really help you – as in signing on an Engagement Contract with flying colors- you have the best in the world working on your issue or issues.
The post Even the filthy rich lost during the quarantine first appeared on Wall Street Financier: Notes from High Altitude©.]]>The Principles:
-There’s no such thing as a “former marine”. (not a principle in the book, but another worthy insight)
-It is not necessary to fight every battle that presents itself.
-Take a stand.
-Be the expert. Operational area expertise is in high demand.
-Know the enemy. Expanding this, I’d say know the target, their motivations, goals
-Know what the terrain is worth before fighting.
-Know yourself. What are your greatest assets ? Expertise
-Control the timing
-Take the higher ground
-It’s an interconnected world -see the entanglements
-Trust and Verify
-Luck is not a plan
Source: Marlin & Associates
Adding to Marlin’s words of wisdom.
“In order to win you must be prepared to lose sometime. And leave one or two cards showing” (Van Morrison). I say: In order to win…by prepared to lose it all. Some might be familiar with Hugh Hendry, the infamous hedgie founder of Ecletica Asset Management and his astonishing comeback. Most recently, Hendry bet on Brexit and the breakup of the EU. A famous bear who turned bearish is an example of courageous betting.
Why the lottery mention in the post title? Because even at the ridiculous target of winning a lottery it pays to stick to your guns.
“Richard Lustig claims that through trial and error he taught himself how to win the lottery. And with 7 wins to his name it is difficult to believe that he is lying or merely disillusion.” (via Lottery Winning.) Lustig says “a guaranteed way to increase your chances of winning the lottery is simply by picking your own numbers versus using the “quick-pick” ticket option.” (via CBS News)
Are you “picking your own numbers” today or someone else’s ?
The post How to Win (the lottery, at life, on Wall Street, on Main Street) first appeared on Wall Street Financier: Notes from High Altitude©.]]>