Happy New Year 2012

The time is passing by and there are a lot things that happened in 2011, some of them were so bad and some of them were good.

I hope in 2012 is going to be great to all of the world specially in Syria because I adore this country and I want to have peace, and I hope for every family in the world is going to have peace and love and be as it want.

I hope my dreams start to come true in this year and I hope for my family and my friends the best wishes.

Happy New Year everyone.

 

Speculation As A Fine Art And Thoughts On Life.

Speculation as a fine art and thoughts on life
Dickson G. Watts.

In speculation as a fine art and thoughts on life by Dickson G watts
This is a combination of What’s speculation? And what’s the different between speculation and gambling,
He wrote how important to have Self trust, Judgment, courage, prudence and pliability. Every piece of those has a language that you need it to use it in your life and be successful.
He conclude some thoughts on life, business, society, and language.
actually i think  it’s excellent book to read.

and here some highlights from the book that I liked to share it with you.

What’s speculation ?
Before entering on our injury, before considering the rules of our art, we will examine the subject in the abstract.
Is speculation right?
It may be questioned, tried by the highest standards, whether any trade where an exact equivalent is not given can be right. But as society is now organized speculation seems as necessity.

Is there any difference between speculation and gambling?
Speculation: is a venture based upon calculation. It’s presupposes intellectual effort.
Gambling: is a venture without calculation. It’s blind chance.

Some of the laws in this realm
There is no royal road to success in speculation.
We don’t undertake, and it would be worse than folly to undertake, to show how much money can be made.

Consider the qualities essential to the equipment of the speculator:

Self-reliance: a man must think for himself, must follow his own conviction (self trust is the foundation of successful effort)

Judgment: that equipoise, that nice adjustment of the faculties one to the other, which is called good judgment, is essential to the speculator.

Courage: confidence to act on the decision of the mind. Mirabeau’s dictum; ‘be bold, still be bold: always be bold.

Prudence: the power of measuring the danger, together with a certain alertness and watchfulness.
There should be balance of these two prudence, and courage”

• Prudence in contemplation.
• Courage is execution. ( in meditation all dangers should be seen; in execution one, unless very formidable.)

Pliability: the ability to change an opinion.

• Each department of life has its language expressive of not elegant, and in dealing with the subject we must perforce adopt the language of the street.

Laws Absolute:

1. Never overtrade: to take an interest larger than the capital justifies is to invite disaster with such an interest a fluctuation in the market unnerves the operator, and his judgment becomes worthless.
2. Never ‘ Double up’: the change in the original position should have been made moderately, cautiously, thus keeping the judgment clear and preserving the balance of the mind.
3. Run Quickly: or not at all, act promptly at the fist approach of danger, but failing to do this until other see the danger, hold on or close out part of the interest.

Rules Conditional:

1. It is better to overage up than to average down.
Probably four times out five this method will results in striking a reaction in the market that will prevent loss, but the fifth time, meeting with a per manly declining market the operator loss his head and closes out, marking heavy loss.

- a loss so great as to bring complete demoralization, often ruin, but buying at first moderately, and as the market advances, adding slowly and cautiously to the line.
- this is a way of speculating that requires great care and watchfulness, for the market will often (probably four times our of five) react to the point of average.
- Here lies the danger, failure to close out at the point of average destroys the safety of the whole operation,
2. A class of good judgment, who buy down and hold on.
They are man of good judgment, who buy in times of depression to hold for a general revivals of business. And investing rather than a speculating class.
3. The is to stop loses and let profit run. If small profit are taken. Then small losses must be taken, not to have the courage to accept a loss, and to be too eager to take a profit, is fatal.
4. It’s equally necessary to exercise common caution in going against the market.
5. Quiet, weak markets are good markets to sell.
When vice versa, a quiet and firm market develops into activity and strength, then into excitement, it should be sold with great confidence.
6. Napolean is his campaigns allowed a margin for chances for the accidents that come in to destroy or modify the best calculation.

-when in doubt, do anything. don’t enter the market on half convictions; wait till the convictions are fully matured.

Life and language:

• Compensations do not always compensate.

• Hold in time, or take the jump.

• A danger known is half overcome, a fault recognized is half conquered.

• A great insult, tell a man he cant take a joke.

• Fools try to prove that they are right. Wise men try to find when they are wrong.

• The writer is the greatest who says the least and suggests the most.

• Two standards one for yourself and one for your neighbor. The first should be fixed, the second flexible.

• The finished of fabric of science is the raw material of philosophy.

• Common sense is sense men have in common.

• Suffering of the body is spain, of the mind anguish, of the spirit agony.

• Language is an evolution and has its root in the ground.

• Words burn are counters in the game of life. Use them carefully, the must be redeemed.

• Words burn like fire and heat like balm.

• Words are coins. Stamp them with your own image.

• The language of sorrow is tears; the language of despair, silence.

• Thoughts are vitalized blood.

• Brevity is the soul of language.

• There is language of science a language of diplomacy, a language of commerce, a language of spirit.