Cesarnc's market talk, gossips, rumours & fun

Yup.. And the more fucked up your are, the more you're worth.

Soon we will start seeing people flying out the windows in the 5th avenue and everybody will go "huh?"

In the other hand, most life insurances don't cover suicide. Soon you will see people going to their brokers, stuff a gun in their own mouths and shout:

"GIIFF BY MOZERR VVOOCKKERR MONEY BACH, OR I ILL FULL ZE ZRIGGER"

In my earlier years in busines my bank manager used to say I was overtrading. It's only with the perspective of time I see what he meant. Those big orders don't take much more work to find and fulfil than the small ones. And when they repeat it's a bonus.

Employees: You have to be tough to be kind. Some just need to be fired, others need a boot up the **** to perform. Some just make you feel humble. One way or another, nobody is going to have a job if everybody doesn't pull their weight.

I usually lead by giving example. Actually, I learned that in a surprising feedback activity when some guys called me a great leader. All I was doing, though, was making myself what other should be doing, and after that, the standard was put and everybody has to do the way I was doing.

It was my Eureka moment...

This is what I do now, specially with my sales people. I tell them what to do and how to do it. They don't. Then I go there and do it my self, it works, I make my "toldya so" dance.

But when it's all said and done, it's still all about people who get rich and people who dream about it...

The Sarkosys are in Brazil...

Brazil and France are about to sign several billion dollars deals, for what I've heard. From croissants to military jets...

You know, Brazilian government is freaking out about all these oil fields found recently. We have Chaves just around the corner, Americans placing airbase in Colombia and you never know if another Bush will pop up back some day...

Anyways, all we - the people - really care about at this moment is Carla Bruni

Banks in tight leash

http://www.cnbc.com//id/32720619

Same here, needed to disconnect for awhile, great time too as the markets are trending to the right. Have other shit I'm taking care of. Tossing around an idea to start a clothing company for mountain sports. (Snowboard, ski, mountain bike) all freeride/style kinda like a new Volcom or O'Neil. We will see how it goes. Just an idea at the moment.
Cesar, is it worth it? So long as I can tell models what to do I think it is. Who cares about profitability?

I like the idea of running a business in the area you have passion. I know surfers running surf shops, tatoo fans running a tatoo place (+ clothing, hard rock CD, so forth). It bring the equals, who will trust you because you're an equal. You speak their "language", if you know what I mean.

My biggest customer is a store here in São Paulo, whose owner (a woman) is always dressed up with the clothes / looks she has to sell. And everytime an item gets stuck, she dresses it and it evaporates from the shelves in the same day.

But you must consider between being a manufacturer or starting a store. You can also manufature some things, purchase the rest and build a store, also selling online...

Manufacturing alone restrics the number of items you are going to offer. In the other hand, it demands less capex to kickoff.

Thanks Bro,
Was thinking mostly manufacturing. That way I have time to travel to contests and events (for related sports) and promote the brand, enter a trade then drink tons of cheap red wine with the athletes after the comp. (true BWR style) Speaking of which time to go get my NEW BIKE!!!!!

Don't ask how much it cost.
Most people can buy a car for this price http://aks.pinkbike.com/5/i/icon_facepalm.gif

Peter Schriff says US unemployment REAL numbers are at 16%
This guy always seems to be right

Thanks for posting that, BWR. It's a similar situation in UK and Europe I'm sure. The only counter question is whether the patch up job by governments has and will mitigate the effects of the downturn, rather than prolong it as Peter Schiff asserts.

I believe it. I live in a rural area that always has high unemployment. It's just that the US statistics never include most of them. There are many who don't want jobs or work "under the table" or grow weed.

But what Peter doesn't tell you is that you need to compare that REAL number now with the REAL number from the "good times". What is that number?

And unemployment is the most lagging of indicators. So it's not reliable as an economic indicator.

Also, if you look at a chart of historical unemployment figures you get alot of wild swings. It becomes hard to really make good use of unemployment numbers, but NFP seems to be the most highly traded news event.

Anyway, I always find his videos interesting and thought provoking.

Well, in this case my strategy is prime fabrics and obsession with sewing quality. The two of them allows you to have high prices, in my case I can be cheaper than the big brands much more expensive than the junk.

It's a simple principle...

Either if you choose making junk or prime products, your margin will be more or less the same. Say 30% EBITDA.

... but, apparently, most people don't realize:
30% of a US$ 10 item is much less than 30% of a US$ 30 item.

The first guys will be very happy by selling tons of goods, because they are cheap and everybody buys them.

You will be as happy working 1/3 of what they work to make the same cash

Big day starting, gold cracking 1,000, euro 150 pips up in the daily.

Dow Fut +90 and Bovespa index is at the lower line of an upwards channel... It's time for me to put a few bucks at risk again...

Pictures please... Where is it manufactured? How much does it cost?

I get filosofical when in red

Night falls as the road narrows, leaving the paved highway and winding its way up the mile-high mountain. Squinting, I see a large shadow that comes slowly into focus. It’s a gorgeous structure built by my friend who made millions in a business that nobody else wanted. He endured hardships, including law suits, major financial losses, an arsonist who set fire to his property twice, persecution from those who said it couldn’t be done and betrayal from the love of his life.

At 35 years of age, he is a role model, community leader and a seventh degree black belt in Tae Kwan Do.

His name is Able, and he is a survivor.

His 20,000-square-foot home on the mountaintop is a testament to Able’s ability to face the wilderness and return as a triumphant survivor. He refused to quit, kept his discipline and never stopped moving forward until he emerged on the other side. Right next to the palatial estate is a 5,000-square-foot structure called a dojo. It is immaculate, and there are a several parents chatting while their children prepare for class. The children, ranging in age from 6 to 14, are dressed in white outfits, each with a different colored belt. They are talking, punching, kicking and waiting.

At exactly 7:30 p.m., Able enters the room, and the lesson begins. The class is free for all who dare to make the trip and the commitment. It is Able’s way of giving back to those who want to give to themselves. It’s a joy to see children engaged in learning to defend themselves, making themselves stronger, and giving up time they might be spending with TV or hanging out.

Like Able, they are learning the art of survival.

The wilderness is a metaphor for the challenges that we face on a daily basis—both in the markets and in life. The behavior of the markets over the past year has taught us how to survive. We survive by preserving our financial capital, and with that, our mental, emotional, physical and spiritual capital. The markets will not rescue us from the wilderness. In fact, they are the wilderness.

It is our responsibility to do whatever we can to face them and to survive.

How do we survive under such brutal and unfriendly conditions? How do we make it through the wilderness to the mountaintop? Deep Survival: Who Lives, Who Dies, and Why by Laurence Gonzales (published 2004, W. W. Norton & Company) has many lessons for traders and here is one of them:
There is a Korean martial art called Kum Do.

This is a brutal game that involves a fight to the death with very sharp swords. The way it is practiced today is with bamboo sticks, but the moves are the same. Kum Do teaches the student warriors to avoid what are called “The Four Poisons of the Mind.”

These are: fear, confusion, hesitation and surprise.

In Kum Do, the student must be constantly on guard to never anticipate the next move of the opponent.
Likewise, the student must never allow his natural tendencies for prediction to get the better of him. Having a preconceived bias of what the markets or the opponents will do can lead to momentary confusion and—in the case of Kum Do—to death. A single blow in Kum Do can be lethal, and is the final cut, since the object is to kill the opponent.

One blow—>death—>game over.

Instead of predicting, anticipating, and being in fear and confusion, you must do exactly the opposite if you are to survive a death blow from the market movements. You must watch with a calm, clear and collected attitude and strike at the right time. A few seconds of anticipation, hesitation or confusion can
mean the difference between life and death in Kum Do—and wins or losses in the stock markets. If you are not in tune with the four poisons of fear, confusion, hesitation or surprise in the markets, you are at risk for ruin. Ruin means that your money is gone and the game is over.

How can you avoid the four poisons of the trading mind: fear, confusion, hesitation and surprise?

1. Replace fear with faith—faith in your trading model and trading plan
2. Replace confusion with the attitude of being comfortable with uncertainty
3. Replace hesitation with decisive action
4. Replace surprise with taking nothing for granted and preparing yourself for anything.

Always remember the long and winding road to the top of the mountain in the dark of night. Success in trading is a long journey with many twists and turns. You can and will get there if you are patient, watchful, non-anticipatory and always on guard for the exact moment when you can strike. Trading is a game of survival and the spoils are money. It’s your money, your life and your future. You have the power to survive and flourish if you remember the lessons from Able and Kum Do.

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat…Sun Tzu
_________________

chonchy

so, what you are saying is prepare to get the crap beat out of you for a long period of time until you succed in pulling your head out of your butt and use it for it's proper purpose???

No. I think he was short euro.

wow, i missed the whole point then!!!