Popular Post Replay: The Taco Liberty Bell?

This post was first published on April Fool's Day in 2009 and it was one of the more popular posts of that year.  Enjoy.

A little April fools day humor courtesy of the Huffington Post.

The Taco Liberty Bell
In 1996, Taco Bell ran an ad in six major newspapers saying:

"In an effort to help the national debt, Taco Bell is pleased to announce that we have agreed to purchase the Liberty Bell, one of our country's most historic treasures. It will now be called the 'Taco Liberty Bell' and will still be accessible to the American public for viewing. While some may find this controversial, we hope our move will prompt other corporations to take similar action to do their part to reduce the country's debt."

Many politicians' offices were taken in, as the Park Service received phone calls from aides to Sens. Bill Bradley (D-NJ) and J. James Exon (D-Neb).

Popular Post Replay: Market Wizards

This was one of the most popular posts from 2008. It was originally posted on October 19, 2008. The popularity of this post is due to it involving two things that are dear to most traders' hearts: 1) the book Market Wizards, and 2) Ed Seykota. Check it out.


**********************************************************************************Ah, yes...it's a classic and we all reference it as being one of the best trading books of all-time. Well, I recently began reading the book for the 2nd time, after reading Market Wizards, The New Market Wizards and Stock Market Wizards. This series of books is excellent and I would encourage anyone who is interested in trading or even an investor, to buy all of the books and read them.

Tonight, I was reading the classic "Ed Seykota" chapter and I was struck by his answer to what his views of fundamental analysis were as to his trading approach. Here is his answer (emphasis is mine):

"I am primarily a trend trader with touches of hunches based on about twenty years of experience. In order of importance to me are: (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell. Those are the three primary components of my trading. Way down in very distant fourth place are my fundamental ideas and, quite likely, on balance, they have cost me money."

If you aren't familiar with Mr. Seykota, you need to be. Check out his website, it's filled with wonderful information.

Good luck out there.

TLT

Popular Post Replay: 12-6-2008

This was one of the more popular posts of 2008, as measured by incoming traffic that was specifically linked to the post. Being that it's a holiday weekend and I'm not feeling like working on a fresh new post, I thought it would be fun to do a Popular Post Replay. I think part of the reason for the popularity of this post is that it involves the great Market Wizard Paul Tudor Jones...a guy that's always worth listening to.

Here it is: Four Bibles of the Trading Business According to Paul Tudor Jones

“When I meet someone who is interested in learning the trading business, I always refer them to what I consider to be the four Bibles of the business: Reminiscences of a Stock Operator by Edwin Lefevre, the fictionalized biography of the fabled Jesse Livermore; Technical Analysis of Stock Trends by Mcgee and Edwards, which was written in the first half of the twentieth century and whose tenets still hold today; The Elliott Wave Theorist by Robert Prechter and A.J. Frost, a classic, and finally Market Wizards by Jack Schwager, which is a compilation of interviews with great traders.”

--Paul Tudor Jones

from the forward of The Logical Trader