if you think education is expensive-try ignorance II

[Entendance]

"Prejudices, it is well known, are most difficult to eradicate from the heart whose soil has never been loosened or fertilized by education; they grow there, firm as weeds along rocks."
- Charlotte Bronte




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[Entendance]

"Action without study is fatal. Study without action is futile."
– Mary Ritter Beard


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[dlry]

Stop watching TV (especially fox and cnbc)...pick up a book:

5 ways your TV is slowly killing you
Too much boob tube also makes you weaker, research shows

You’ve accepted the idea that TV makes you dumber. You know there are lots of more edifying things you could be doing with your time than cheering on the contestants on "Survivor."

And unless you’re working out to an exercise video, you know those hours sprawled out in front of the screen are going to make you fatter — not to mention the impact of all that junk food you’ve been tempted to scarf down during the commercial breaks.

But you’ll be surprised to learn the host of other bad things TV can do to you.

http://tinyurl.com/ydqp8mu

[dlry]

Looks like the students know more than the faculty.....

April 13 (Bloomberg) -- Syracuse University students are petitioning the college to remove JPMorgan Chase & Co. Chairman and Chief Executive Officer Jamie Dimon as this year’s commencement ceremony speaker.

The students are “against using the 2010 commencement to restore the public image of the banking industry,” according to the online petition posted by the student group, Take Back 2010 Syracuse University Commencement. More than 800 students and alumni of the university in Syracuse, New York, signed.

http://tinyurl.com/y7x5f5e

[Entendance]

"Half an hour's meditation each day is essential, except when you are busy. Then a full hour is needed."
- St. Francis de Sales

Rumors, noise, don't let them daze you, take your own "me time"

[dlry]

Insider's view of industry. The calls into the program seems to suggest more and more people know we were taken for a bad ride.

Takes a Pillage

Apr 24, 2010

Los Angeles Times Festival of Books
Nomi Prins talked about her book It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street (Wiley; September 22, 2009). Nomi Prins, former managing director at Goldman Sachs and current senior fellow at Demos, talked about the 2008 financial crisis and its ongoing aftermath. She responded to telephone calls and electronic communications. She was interviewed outside the C-SPAN Civics Bus near Haines Hall at the Los Angeles Times Festival of Books on the UCLA campus on Saturday, April 24, 2010. The program opened with street scenes of the festival.

http://www.c-spanvideo.org/program/id/222981

[dlry]

You must learn to use this to your advantage.

As a speculator, your account (meaning, your cash) is your most precious asset. You worked hard to earn it and build it, so you should work even harder at protecting it, because it is much easier to lose quickly than it is to gain.

The great advantage of stock investing over virtually every other investment such as real estate, land, art, etc. is instant liquidity; the ability to always be able to sell at the current price.

By refusing to cut losses you give up the greatest advantage the stock market offers; the ability to sell immediately and maintain a positive reward/risk ratio.

http://tinyurl.com/2c7p4vn

[dlry]

Plug In That Brainpower
Scientific research concludes that greatness isn’t bestowed randomly on the chosen and isn’t genetic, but can be cultivated by anyone. So says Daniel Coyle, author of “The Talent Code.” He points to myelin, a microscopic substance that increases the speed and accuracy of circuits in the brain. He points out that myelin isn’t fixed at birth, but grows by being intellectually nourished.

To reach maximum potential for yourself and for those you lead, plant the following seeds:

Seek mentors. When you’re trying to master something, do it with help. “Having an expert eye really matters,” Coyle advised.

Geoff Colvin, author of “Talent Is Overrated, agrees, saying, “The worlds’ best managers, athletes, musicians and others still work with coaches or teachers.”

Compress. Identify elements you want to learn. “Break every complex task into a simpler one,” Coyle said. He says one who did was Steve Ballmer, who rose by identifying and building skills needed to reach the corporate world’s top — and became CEO of Microsoft MSFT   .

Practice. The science of the brain demonstrates that repetition “strengthens connections within the brain that give (people) more and better abilities,” Colvin said.

He told IBD that even though most people in business don’t think about practicing work, they should: “Whether it’s a sales call, negotiating, trading, strategizing, conducting an evaluation or anything else, we can all find ways to practice if we start thinking that way.”

Push. “It’s like building muscle,” Coyle said. “To really produce results, you need to try to do things you can’t do. You need to go beyond the amount you can comfortably lift, when you’re operating beyond the edge of your ability, where you’re making mistakes and fixing them. That is the key to building skill in your brain.”

Get feedback. On your road to greatness, seek reviews on how you’re doing, says Colvin.

Brake. Do this as you struggle to master something complex. “Slowing down is a way to put a magnifying class on the process, on the brain circuit. It lets you find those errors and fix them,” Coyle said.

A man who did exactly that was the Dodgers’ Sandy Koufax. He mastered his early-career control problems by easing up on his fastball. That changed his fortunes from struggling hurler to one of baseball’s greatest pitchers of the 1960s.

Sleep on it. Right before hitting the sack, think about whatever it is you’re trying to master.

“Sleep can be when the things that are sort of half-baked in your brain, get baked,” Coyle said. “Wires get connected and we build a little more speed into it.”

Study. Colvin said research shows that great performance is also a product of deep knowledge of your field: “You can always do more to educate yourself about the area in which you want to excel.”

So can a company. The best employers, Colvin said, are focused on making their employees into better performers; firms do this through education and job assignments “explicitly chosen to push people just beyond their current abilities — exactly in line with the findings on great performance.” Michael Mink

[Entendance]

What is the new Single Stock Circuit Breaker Rule?

If an S&P 500 stock rises or falls 10% in a 5-minute time period, a market-wide trading pause will occur in the stock for at least 5 minutes. The pause would give the markets the opportunity to attract new trading interest in an affected stock, establish a reasonable market price, and resume trading in a fair and orderly fashion. Initially, these new rules would be in effect on a pilot basis through Dec. 10, 2010.1

Why has this rule been implemented?
In response to the market disruption of May 6, 2010, the Securities and Exchange Commission (SEC) sought public comment on proposed rules that would require the national securities exchanges and Financial Industry Regulatory Authority (FINRA) to pause trading in certain individual stocks if the price moves 10 percent or more in a five-minute period. The rules were proposed by the national securities exchanges and FINRA and have been approved by the SEC.1

Is this rule permanent?
The new rule will be in effect on a pilot basis through December 10, 2010.

Which securities are subject to this rule?
Initially, only stocks in the S&P 500 will participate in the pilot. The markets will use the pilot period to make appropriate adjustments to the parameters or operation of the circuit breaker as warranted based on their experience, and to expand the scope to securities beyond the S&P 500 (including ETFs) as soon as practicable.1

How are the underlying options of a halted stock affected?
Typically, when trading in a stock is in a regulatory halt, its options also stop trading during that period.

What happens if I have an open order when a stock goes into a trading pause?
Open orders will remain open during the trading pause, but will not be eligible for execution until the stock resumes trading.

Can I cancel my open orders and enter new ones during a trading pause?
Yes, you may submit cancel requests, change requests and place new orders during a trading pause.

Will the opening and closing print be subject to the 10% move threshold?
No, the markets will begin calculating the threshold move at 9:45 AM ET and cease calculating at 3:35 PM ET. For stocks re-opening after a trading pause, the calculation will start again immediately.2

How will a stock in a trading pause resume trading?
The primary listing market will reopen the stock at the end of the 5 minute pause, unless there is a significant order imbalance. If the primary market is unable to open the stock after 5 minutes for a reason other than an imbalance, that market will send notification that it will not reopen. After a 10 minute pause all markets can resume trading regardless if the primary market has re-opened or not.2

--------------------------------------------------------------------------------
1 http://sec.gov/news/press/2010/2010-98.htm
2 http://www.nyse.com/pdfs/NYSERule80c_FAQ.pdf

http://tinyurl.com/37pcol8

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[Entendance]

Let's not pretend that things will change if we keep doing the same things. A crisis can be a real blessing to any person, to any nation. For all crises bring progress.
Creativity is born from anguish, just like the day is born form the dark night. It's in crisis that inventive is born, as well as discoveries, and big strategies. Who overcomes crisis, overcomes himself, without getting overcome. Who blames his failure to a crisis neglects his own talent, and is more respectful to problems than to solutions. Incompetence is the true crisis.
The greatest inconvenience of people and nations is the laziness with which they attempt to find the solutions to their problems. There's no challenge without a crisis. Without challenges, life becomes a routine, a slow agony. There’s no merit without crisis. It's in the crisis where we can show the very best in us. Without a crisis, any wind becomes a tender touch. To speak about a crisis is to promote it. Not to speak about it is to exalt conformism. Let us work hard instead.
Let us stop, once and for all, the menacing crisis that represents the tragedy of not being willing to overcome it.

-Albert Einstein


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