Inflexion Point Zone

One of Stevenson’s former students Eric Sinoway wrote a book on the professor’s teaching titled “Howard’s Gift.”

In the book, a the two discuss a friend of the author’s named Michelle is scared about her future after her boss and mentor retired suddenly.

Stevenson says that situations like this one are called “inflection points” and should be taken advantage of.

Stevenson told Sinoway:

“In Michelle’s case, it’s coming at a moment in time when the structures are removed and the rules are suspended. A moment in which she can reflect inwardly about what she wants, and then act to redefine the situation in such a way as to help her accomplish it.”

We spend so much time following rules and being guided that we panic when those guard rails are removed. The easiest and safest course isn’t always the best one. An unexpected shock can help to remind us that there are other options.

That’s a lesson that extends beyond individual careers to businesses. One CEO, confronted with the worst financial crisis since the depression, went on a hiring spree and increased her marketing spending. By doing the opposite of everyone else, by moving when others were paralyzed, she was able to get talent that wouldn’t have considered her company before and significantly increase sales.

By focusing on novel opportunities — not on what can go wrong — you can make the unexpected work for, rather than against, you.

Head and Shoulders Pattern for Trades

IMG_20150923_152541

The head-and-shoulders bottom chart pattern – is generally regarded as a possible reversal of a stock’s current downtrend and into a new uptrend. And if there is one thing that nearly every market observer needs to find right now, it’s stocks on the verge of a possible reversal.

The head-and-shoulders pattern is a popular pattern with traders, but there are a few things key to understanding this picture. First, just what does a head-and-shoulders bottom look like?

A perfect example of the head-and-shoulders bottom has three sharp low points created by three consecutive reactions in the price. It is crucial that this pattern form following a major downtrend in the stock’s price.

The first point – the left “shoulder” – occurs as the price of the stock in a falling market hits a new low and then rises in a minor recovery. The second point – the “head” – occurs when prices fall from the high of the left shoulder to an even lower level and then start to rise again. The third point – the right “shoulder” – happens when prices fall again but do not touch the low of the head. Prices rise again after they have hit the low of the right shoulder. The lows of the shoulders are decidedly higher than that of the head and, in a classic formation, are often more-or-less equal to one another.

Professionally Speaking

Jotting down, the trade day as & when, benchmark trades, went on good with a negative bias.

hello everyone, nifty slipping by exhilarating indeed an eyewash snapping by.

nifty closing well below 8000 gives us a perspective which can be thoroughed to be one among the circular trades on sustainability of the economy. Nifty closes well above the tipping point of 7800, expecting a negative open for tomorrow as for directional trades.

Directional trades not self evident, momentum & volatality keeping that in mind we can foresee short trades the bearish movement setting up a bearish trend.

Keeping the fingers crossed for tomorrows trades, expected to be the markets for the bears.

Ms KiranRaj SP

https://in.linkedin.com/pub/kiran-raj/8a/96/998

(Proprietary Trader, Trainer)

M/S Adventure Terrain Ventures

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Rediscovering Enterprise

Perhaps the phenomenon we are witnessing now has less to do with action or risk-taking than with the simple observation that people, not institutions, create economic wealth. A Rediscovery of business as a process limited only by the boundaries of each individuals intelligence, imagination,energy & daring.

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A Preliminary Historiography of the Brazil’s Landless Laborers’ Movement (MST) Cliff Welch

Like many politicians, Brazilian president Luis Inácio Lula da Silva identified himself with different citizens by dressing like them. He seemed to delight in donning an Indian headdress or squeezing into a hard hat. Such images fit the populist message of this remarkable man, a man who rose from poverty to become leader of the labor movement that challenged the military dictatorship and helped restore democracy to Brazil, the world’s eighth largest economy. But in July 2003 when Lula placed the bright red cap of the Landless Laborers’ Movement (Movimento dos Trabalhadores Rurais Sem Terra [MST]) on his head, all hell broke loose. Subsequent editions of nearly every news vehicle in the country featured alarmed criticism of this fateful act. Words like “rebellious,” “revolutionary” and “irresponsible” characterized the reaction as dozens of reporters were sent to the field to document the dangers posed to the country by the MST. The controversy reached the United States, where concerns on Wall Street and in Washington threatened to undermine Brazil’s fragile credit rating and international standing. By 2004, the Lula administration had carefully finessed most of the criticisms, supporting the right of the MST to mobilize and pressure the government while simultaneously investing in a conflicting agribusiness development scheme.

What is the MST? In contradistinction to the image projected by the Brazilian press, the collection of recently published books reviewed here describe it as an institutionalized social movement of unprecedented significance for Brazil and the world that does not pose an immediate revolutionary threat to society. On one book’s jacket, Eric Hobsbawm, a frequent traveler to Brazil, validates the MST as “the most ambitious social movement in contemporary Latin America” (Branford and Rocha 2002). On another’s cover, journalist Studs Terkel describes the MST as “a million or so ordinary people fighting for the right to live ordinary lives” (Wright and Wolford 2003). Founded in 1984, the MST fights for radical agrarian reform—that is, state intervention to reverse historic land concentration trends, distribute good agricultural land to needy workers, and reallocate resources to support small and cooperative farming as fundamental to the development of a stronger, more democratic and just society.

Today, the MST boasts a membership of more than 500,000 families—at least two million people—and has a presence in every state and more than 700 municipalities. The MST runs some 500 farm co-ops in the areas of production, marketing, credit, and technical assistance. It trains most of its own technicians, militants, and leaders. It has succeeded in redirecting government funds to support its administration of 1,800 elementary schools with more than 160,000 students, teaching basic literacy to 30,000 teenagers and adults, and operating a college. In the meantime, some sixty members are studying in Cuba to be doctors (MST 2004).

Jesse Livermore: Lessons From A Legendary Trader

Born in 1877, Jesse Livermore is one of the greatest traders that few people know about. While a book on his life written by Edwin Lefèvre, “Reminiscences of a Stock Operator” (1923), is highly regarded as a must-read for all traders, it deserves more than a passing recommendation. Livermore, who is the author of “How to Trade in Stocks”(1940), was one of the greatest traders of all time. At his peak in 1929, Jesse Livermore was worth $100 million, which in today’s dollars roughly equates to $1.5-13 billion, depending on the index used.

The enormity of his success becomes even more staggering when considering that he traded on his own, using his own funds, his own system, and not trading anyone else’s capital in conjunction. There is no question that times have changed since Mr. Livermore traded stocks and commodities. Markets were thinly traded, compared to today, and the moves volatile. Jesse speaks of sliding major stocks multiple points with the purchase or sale of 1,000 shares. And yet, despite the difference in the markets, such automation increased liquidity, technology, regulation and a host of other factors that still drive the markets today.

The Test of Time
Given that this trader’s rules still apply, and the price patterns he looked for are still very relevant today, we will look at a summary of the patterns Jesse traded, as well his timing indicators and trading rules.

Read more: Jesse Livermore: Lessons From A Legendary Trader http://www.investopedia.com/articles/trading/09/legendary-trader-jesse-livermore.asp#ixzz3k117aEE7 
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Hindsight Bias Continued

In hindsight things are obvious that were not obvious from the outset; one is able to evaluate past choices more clearly than at the time of the choice.

Perfect understanding of  events only after they have happened – The twenty twenty hindsight Bias.

Taking into consideration the Economy or gaining the perspective on the same; elaborating on the Perfect Economy.

The perfect economic system

REPLYThu 20 Feb, 2014 01:09 pm
What do you guys think the perfect economic system would look like?

Personally, I think the world should be the following:
1) consolidate into one global exchange (stock markets etc)
2) one global government, 
3) one global set of constitutions, including legislation that governs every moving part in the economy.
4) globalized intelligence/skill/aptitude/potentiality tests that determine which jobs an individual would be best suited for. I.E usually you end up in a job that best suits your strengths, and place these individuals on a track plan to be the best at these things. 
5) Limit maximum potential wealth so that more demanding jobs are higher paying, but not so much so that it exploits lower demanding jobs that are equally important to the sustenance of the global economy. For example, in mcdonalds, someone needs to make the burger. If you lose all your burger flippers, you’re suddenly losing out on efficiency. In a competitive market, this leads to loss of revenue.

On a side note:

I also think that all drug addicts and homeless( those non working/ those mentally unstable people should be placed outside of the city and be rehabilitated to be reintegrated back into society. They will be provided with medical care, housing, food all at no cost. In exchange, they are required to do minimal hours of labour for sustenance of that community and are paid a low wage. Over time, the hope is that, the minimal labour resocializes them to want to work in areas they want. In terms of drug addicts, provide these individuals with gradual diminishing doses of w.e their poison be in exchange for labour. In that sense, the belief is that, this weens the body to be not dependent on it.

Convicts should be turned into a global workforce that does the shitty of the shitty jobs. That way they are earning their keep. In canada, the average prisoner costs the system about $100,000. They shouldn’t be rewarded for going to jail. One prisoner is equivalent to hiring two employees in another field. Those convicts convicted of murder/rape/etc with intent, should be put into the hardest of labour jobs. Or just house all these people into one large cell and let them police themselves. Why should convicts go into prison skinny and come out jacked ? why should these people who’ve disregarded other people’s rights be given rights? Humanity in this sense is a joke. The old adage an eye for an eye and the world is blind, is moot here. You rid the world of killers and rapists, and you’ll likely have less people willing to do those things. 

URL: http://able2know.org/topic/235736-1

 

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