A Carteira d´O Alquimista

[O Alquimista]

http://navegarnabolsa.pt/forum/viewtopi ... =190#p2398

Clowns to the left of me,
Jokers to the right, here I am,
Stuck in the middle with you.
Stealers Wheel

[O Alquimista]

Gráfico 1: "O Activo Triplicando".

Gráfico 2: Cont. d´"O Activo Duplicando".



Stocks are bought on expectations, not facts. – Gerald M. Loeb

[O Alquimista]

Cont.

Trading successfully follows the Hindu concept of Karma Yoga, which is the yoga of work. In it, you focus on perfecting the actions rather than the results (profit/loss) of those actions. Traders get into tremendous trouble when they focus too closely on their P&L. You have to manage the trade and let it lead you wherever it is going. - Alan Farley

[O Alquimista]

Cont.

The 10 day exponential moving average (EMA) is my favourite indicator to determine the major trend. I call this “red light, green light” because it is imperative in trading to remain on the correct side of moving average to give yourself the best probability of sucess. When you are trading above the 10 day, you have the green light, the market is in positive mode and you should be thinking buy. Conversely, trading below the average is a red light. The market is in a negative mode and you should be thinking sell. – Marty Schwartz

[O Alquimista]

All economic movements, by their very nature, are motivated by crowd psychology. Without due recognition of crowd-thinking ... our theories of economics leave much to be desired. ... It has always seemed to me that the periodic madness which afflicts mankind must reflect some deeply rooted trait in human nature — a trait akin to the force that motivates the migration of birds or the rush of lemmings to the sea ... It is a force wholly impalpable ... yet, knowledge of it is necessary to right judgments on passing events. - Bernard Baruch

[O Alquimista]

Cont.


An investment discussion (particularly in the media) invariably starts with the Federal Reserve and the macro economy. Then it works its way down to partisan politics: the budget, taxes and the debt. Throw in a discussion of EMH and how bad hedge funds are (curiously, we’re never told the flip side of EMH—that it’s impossible to lose to the market consistently before fees), and maybe touch on CAPE. Then if we’re lucky, one or two comments about Apple. And we’re done. - Eddy Elfenbein

[O Alquimista]

Cont.


People who cannot accurately forecast markets: 1. hedge fund managers 2. Wall Street’s top strategists 3. technical analysts 4. day-traders 5. swing-traders 6. newsletter writers and book authors 7. journalists 8. financial advisors 9. your dentist 10. leading finance professors 11. famous economists 12. bloggers and columnists 13. tweeters14. horses who count with their hooves 15. astrologers 16. value investors 17. investment clubs 18. message board aficionados 19. TV hosts 20. mutual fund managers 21. sell-side analysts 22. ETF companies 23. institutions, pensions and endowments 24. me 25. you. - Joshua Brown

[O Alquimista]

We're more like Homer Simpson than we are like Spock. - Richard Thaler

[O Alquimista]

Cont. d´ O Activo Duplicando.

I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. Investing requires an intense personal involvement. - Michael Marcus

[O Alquimista]

Cont.

We recognized early on that very smart people do very dumb things, and we wanted to know why and who, so we could avoid them. - Charlie Munger