“The Best Advice of All Time”

Just came across an article called "The Best Advice of All Time" for personal financial investment in the September 2007 issue of Money magazine as I was sitting inside a medical imaging center. Here’s a selection from the 20 rules that I think would-be quants can enjoy. (BTW quite a few of the other rules in the article are pure BS.)

#1 Be humble. Confucius: "When you do not know a thing, to allow that you do not know it — this is knowledge." Being humble is a theme I repeat in my book.

#2 Take calculated risks. Friedrich von Schiller: "He that is overcautious will accomplish little." If you change your career plans just because the Dow was down 3% on a given day, you shouldn’t consider a career in finance at all. (Also #8, don’t time the market)

#10 Don’t follow the crowd. Coco Chanel: "Fashion is made to become unfashionable." Only delve into a career you feel confident and comfortable about. Don’t just follow what others may be doing.

#14 Just do it. Eleanor Roosevelt: "It takes as much energy to wish as it does to plan." Nicely drives home the importance of my proposed "strategy planning" in Chapter 1 of my book.

(Moblogged on my T-Mobile Sidekick 3 by Sharp)

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s