| Search by tag or site | Login to my blog ? Start my own blog |
 |
Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
A Word About Money Management
Posted on 10/18/2006 00:19 AM | Link | Post Comment
Sometimes I run across an explanation of things that just make good common sense. Recently, there was an article in Barron's where Ms. Sandra Ward had interviewed Mr. Rudold-Riad Younes. Mr Younes is the co-manager of bank Julius Baer's International Equity Fund. When reading his view of global markets and his concern over the U.S. twin deficits (budget and trade), I found his explanation of money management to be genius. He said:
"at the end of the day, money management is a combination of dogmatism and pragmatism; while we wait for our thesis to be proved, we are also trying to protect our investors and trying to find places where we can make money..."
What a great line, and so true. My objective is to be dogmatic in applying my theories to an investment in real estate, commodities or equities, but I must be pragmatic in knowing that oftentimes I can target the right trade, yet be too early. Because I want to keep my money, it's more important that I remain pragmatic enough in my investing to preserve my funds, so I can be around to trade another day...
- Magaizne Indicator Is Here
- Today's Open: Bounce Up
- Canslim.net Morning Comment And Links (for Traders)
- How Certain Investments Did Last Week
- "Putting A Price On Happiness"
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
- Invest2Success
- Millionaire Now! by Larry Nusbaum
- Land of Black Gold
- Trader X
- Real Estate Marketing Blog
- Morpheus Trading
Examples
ATM Wallstreet - Mon Oct 06, 2008 03:39PM
Made several great trades today. Traded the QID, QQ [read more]
Made several great trades today. Traded the QID, QQ [read more]
ATM Wallstreet - Sat Oct 04, 2008 10:41PM
When I first started Day Trading I traded anything that [read more]
When I first started Day Trading I traded anything that [read more]
Morpheus Trading - Thu Oct 02, 2008 08:58AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
<< My Home | TheMoneyBlogs Home