tag:blogger.com,1999:blog-2335748440449035592.post1960844229708397587..comments2008-10-24T09:23:52.251-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2335748440449035592.post-20062337541206190832008-10-24T09:23:00.000-04:002008-10-24T09:23:00.000-04:00good call Bill<BR/><BR/>When you say "my technicians" do you mean someone you follow or your own technical work?TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-72181658331952455602008-10-24T09:22:00.000-04:002008-10-24T09:22:00.000-04:00Mark I hope you followed my technicals and went 100% short before Friday ;)<BR/><BR/>Pat&gt; Bill &gt; Hobosoccerbill8http://openid.aol.com/soccerbill8noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-75837630329577938252008-10-19T23:01:00.000-04:002008-10-19T23:01:00.000-04:00Mark, the legacy nonsense is alive and well.<BR/><BR/><BR/>Personal story but,<BR/><BR/>I remember an online friend touting his automatic acceptance into Wharton last summer when he said how his intellect got him in, when it was his uncle. He touted how he had superior grades and standardized test scores, and business skills. Well guess what, I had a higher high school ranking, had higher GPA, and higher SAT&#39;s scored, more college course completed, and more business experience and courses completed(subjective) and I got denied acceptance. He was a &quot;master trader&quot; when he told me his stock picks last summer as &quot;long term investments&quot; and all underperformed most indexes for the next year, and it was funny because he actually asked me for some trades because I was having success at the time (ironically trading TSL and AAPL) and then his personal bragging index started to drop ;)<BR/><BR/>Just kind of funny the arrogance of the Ivy leagues. I know my experience may be isolated, but I think it is relevant to the point you are making.<BR/><BR/>I mean there&#39;s probably so many ivy leaguers on wall street touting their kool aid b/s meanwhile I would outperform them significantly over, yet they would get more assets to manage (and therefore mismanage yet collect 1% fee) because of their &quot;IVY LEAGUE MBA&quot;<BR/><BR/>BTW- funny video, watch Schiff school this Upenn Wharton professor, <BR/><BR/>http://www.youtube.com/watch?v=4-sbp0y8c-s<BR/><BR/>good stuff<BR/><BR/><BR/><BR/>btw: my technicians informed me of a symmetrical triangle forming on S&amp;P with higher lows and lower highs and we should breakout of this sometime at the end of this week or earlier next week and it will be a huge move probably...these tend to be continuations so it may be a 10-15% move down, there&#39;s a good chance, just thought I&#39;d put it out there ;)soccerbill8http://openid.aol.com/soccerbill8noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-16637260209504754632008-10-19T19:23:00.000-04:002008-10-19T19:23:00.000-04:00Pankaj,<BR/><BR/>No. That would be a broad generalization. But a lot of life is who you know, not what you know. Also the legacy rule in private elite colleges is important - i.e. the weight you get if parents went in before you. See GW Bush @ Yale. I went to a half decent school myself so I've seen it in action. Also in corporate culture a lot of time those "glad handlers" many times move up the ladder quicker than those doing the grunt work but don't seek glory.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-51447325138144593372008-10-19T15:45:00.000-04:002008-10-19T15:45:00.000-04:00Unbelievable. His condescension astounds me, though I'm not really sure why. I tell you, it's all a game. That's a point <A HREF="http://www.financialspeculation.com/" REL="nofollow"> Jose Roncal and Jose Abbo</A> make in their highly readable book "The Big Gamble: Are You Investing or Speculating?" People usually confuse speculating with investing -- and this book provides a fresh persective as to what "speculation" really means." It will open your eyes!Lizhttp://www.blogger.com/profile/12553309379795237911noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-11630684827086622562008-10-18T23:51:00.000-04:002008-10-18T23:51:00.000-04:00This is my favorite line of them all:<BR/><BR/><BR/><BR/>``As I signed wire instructions to pay for the trades, I was literally laughing out loud,'' Lahde said in the letter dated Dec. 19. ``I just could not believe how little cash the other side of the trade was willing to accept in order to risk getting run over by a train (again).''rosesryellow2http://www.blogger.com/profile/12471278009523940698noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-61935765780172385542008-10-18T20:35:00.000-04:002008-10-18T20:35:00.000-04:00id often wish warren buffett would run for presidentRisk Manager Jeffhttp://www.blogger.com/profile/14994763012317049832noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-91861814325523877032008-10-18T15:45:00.000-04:002008-10-18T15:45:00.000-04:00Are you, along with lahde implying that the top schools produce nothing but loosers? The article and your comments portrayed a much condescending view on the top schools and their alumnni... <BR/><BR/>Cheers.. <BR/><BR/>Disclosure - I am not a graduate of any top school BTW ;)...Pankajhttp://www.blogger.com/profile/13478816568647309907noreply@blogger.com