Learn from your mistakes.

Back in the early days of IBM, a young worker had made a mistake that lost IBM $1 M in business. She was called in to the President's office and as she walked in said, "Well, I guess you have called me here to fire me." "Fire you?" Mr. Watson replied, "I just spent $1 M on your education!"

So next time you take a big loss in a stock, consider it your tuition, and keep record of it so you don't make the same mistake again.

alerted to the following story…

A young lady confidently walked around the room with a raised glass of water while leading and explaining stress management to an audience.  Everyone just knew she was going to ask the oft repeated question, ‘half empty or half full?’   But she fooled them all…
“How heavy is this glass of water?” she inquired with a smile.
Answers called out ranged from 8 oz. to 20 oz.
She replied, “The absolute weight doesn’t matter. It depends on how long I hold it. If I hold it for a minute, that’s not a problem. If I hold it for an hour, I’ll have an ache in my right arm. If I hold it for a day, you’ll have to call an ambulance. In each case it’s the same weight,but the longer I hold it, the heavier it becomes.”  She continued, “and that’s the way it is with stress. If we carry our burdens all the time sooner or later, as the burden becomes increasingly heavy, we won’t be able to carry on.”
“As with the glass of water, you have to put it down for a while and rest before holding it again. When we’re refreshed, we can carry on with the burden – holding stress longer and better each time practiced. So, as early in the evening as you can, put all your burdens down.  Don’t carry them through the evening and into the night… pick them up tomorrow. Whatever burdens you’re carrying now, let them down for a moment. Relax, pick them up later after you’ve rested. Life is short.”

follow up, cgw

support is still holding 

Asset class performance review.