Sunday, January 21, 2007

Donchian's 20 Trading Guides

Richard Donchian's 20 Trading Guides
timeless truths about our unchanging natures -- and how these natures act and react in capital markets.
From The Big Picture

On an unrelated note, a couple of years ago the president of a bank asked me to analyze the bank's commercial loan portfolio and get it ready for an FDIC audit. He was fairly new to the bank and asked me my opinion on the portfolio's strengths and weaknesses and the bank as a company. He also asked me how many people worked at the bank. I answered, "ABOUT 30%!".........

"IGNORANCE IS THE VOLUNTEER OF MISFORTUNE."

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