Remembering TEOTWAWKI and Learning from It - Answering Service Resources

Home
>
Investing
>
Remembering TEOTWAWKI and Learning from It

Remembering TEOTWAWKI and Learning from It

Its only been about 5 years since we had major scares in the marketplace regarding Y2K. You might recall that many computer systems were not programmed to be able to understand the change from 1999 to 2000. There was a tremendous amount of panic created by those who were convinced that as the clock hit midnight on on New Years Eve 2000 that we were going to enter the Dark Ages.

By my analysis this never occured....unless I slept through it and nobody bothered to wake me up! (Note to self: Make sure Staff wakes me up when Y2K occurs!)

The word we are supposed to learn from and understand is; TEOTWAWKI....(The End Of The World As We Know It ) It was a word created by the Y2K scare.

I think there is a very profound lesson to be learned from the Y2K scare. That being that forecasting is pretty much worthless. The real issue with trading as with life itself is to manage risk. Risk can be defined many ways but usually it involves not being prepared for the future and embracing an opinion.

The one advantage of living in a free society is that we are fortunate enough to be exposed to numerous viewpoints on a daily basis. As traders we must learn to constantly differentiate the difference between FACT and OPINION and determine how new data can affect us.

For those who never learn to do this, The End of The World As We Know It will reflect itself in their portfolios. For the rest of us all we can learn to do is MANAGE RISK. It is the only trading secret there is.

There are two schools of thought in trading.... TEOTWAWKI and Risk Management. You make the choice.

The only constant in life is change. Don't forecast. Manage your RISK.

Dowjonesfully,
-Harald Anderson
http://www.eOptionsTrader.com.

Harald Anderson is the founder and Chief Analyst of eOptionsTrader.com a leading online resource of Options Trading Information. He writes regularly for financial publications on Risk Management and Trading Strategies. His goal in life is to become the kind of person that his dog already thinks he is. http://www.eOptionsTrader.com.

In The News:

AFP
Treasury Weighs Investing In Banks
Washington Post, United States - Oct 10, 2008
"It was a part of the rescue package that the president supported, and it gives the Treasury secretary a range of possibilities, and investing in banks ...
US plans direct injection of govt funds into banks: report AFP
Australia recruited for rescue The Age
Paulson reveals bank rescue plan NEWS.com.au
TIME - domain-Ball 2,189 news articles

CPI Financial
Investing Like Buffett
New York Times, United States - Oct 10, 2008
It’s easy in theory: Mr. Buffett accumulated his fortune by investing only in businesses he understands, buying shares when they were cheap and holding them ...
Want to be like Buffett? There are ways Newsday
Bargain shopper Buffett fills his basket with vintage deals guardian.co.uk
Buffett's company to buy $3B of GE preferred stock USA Today
RTT News - WELT ONLINEall 60 news articles

BizyMoms Provides Readers with an Expert in Stock Market Investing
PR.com (press release), NY - 45 minutes ago
Biyzmoms is excited to introduce Jason Kelly, their expert in Investment and Finance, who as a Financial Writer will be providing Bizymoms’ readers with ...
Brian J. O'Connor As financial markets careen, buckle up DetNews.com
all 4 news articles

Investing in a new set of wheels
Stockton Record, CA - 43 minutes ago
By Zachary K. Johnson STOCKTON - As the price of gas climbed higher and higher, especially in the last year, so did the number of people getting out of ...

UPDATE 1-Wealth funds, recipients adopt investing principles
Reuters - 8 hours ago
The funds themselves have expressed concern that Western countries would discriminate against them, and say that because they have long-term investment ...
Sovereign funds lay out code of conduct The National
Hungry wealth funds lose their appetite Emirates Business 24/7
IWG proposes permanent body for sovereign funds GulfNews
all 24 news articles

Sify
Systematic investing better in volatile times
Economic Times, India - 4 hours ago
An analyst's is probably the toughest job in the current market condition with stock prices discovering a new low on a daily basis. ...
Impact of inflation on real estate, healthcare and technology India Infoline.com
Gold reaches all-time high at Rs 14K/10 gms Howrah News Service
Bear market to continue until the West recovers Livemint
all 483 news articles

Investing in SOA in a down economy
SearchSOA - 16 hours ago
Banks, investment houses, and insurance firms are succumbing to a combination of tight credit markets and their own bad decision-making. ...

Value Investing 101: Dillard's
TheStreet.com - Oct 10, 2008
So as the financial sector continues to scramble for survival, can Bank of America's purchase of Merrill Lynch, Buffett's investment in Goldman Sachs and GE ...
The Pitfalls of Playing $1K TheStreet.com
RealMoney: Winning Calls Keep Coming TheStreet.com
Five Dumbest Things on Wall Street: Oct. 10 TheStreet.com
TheStreet.com - TheStreet.comall 65 news articles

Canada.com
Greens welcome the cash, but are investing in the future
Canada.com, Canada - 10 hours ago
National polls show voting Green isn't a protest vote, but make the case that Canada's first-past-the-post system is "perverse" and needs to be replaced, ...

Investing in Domains When the Markets Fall Could be a Good ...
PR Web (press release), WA - 10 hours ago
Intermarketing reports domain investing could be a good alternative investment option. After witnessing the success of .Me domain name online auctions, ...

investing - Google News

Answering Service ResourceAnswering Service Resource