What would you tell your 18 year old self about trading/investments?

nooby_mcnoob said:
I've never met someone so sure that they've never done anything wrong. Are you sure you aren't a medical doctor? Edit: also willing to accept highly educated economist.
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No dog in this fight... but the cat writes pretty well. Maybe he's a lawyer.
Lots of semi-colons. We should all use more semi-colons when we write I think. They don't get enough respect. Need to look that up, see when its proper to use one. The nuns never really covered that; of course they never really covered a lot of things. Teen pregnancy... out of the question. Not sure why they didn't like semi-colons though; or maybe they did, I might have been asleep. That said however, and certainly to their credit... they were big on proper writing; God love em. The world needs more nuns.
 
vanzandt said:
No dog in this fight... but the cat writes pretty well. Maybe he's a lawyer.
Lots of semi-colons. We should all use more semi-colons when we write I think. They don't get enough respect. Need to look that up, see when its proper to use one. The nuns never really covered that; of course they never really covered a lot of things. Teen pregnancy... out of the question. Not sure why they didn't like semi-colons though; or maybe they did, I might have been asleep. That said however, and certainly to their credit... they were big on proper writing; God love em. The world needs more nuns.
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Lawyers don't write as well as this guy. There is definitely a hint of @piezoe in his writing.
 
nooby_mcnoob said:
You're really going off the deep end.

Simply, you have stated that you wouldn't do anything differently with the benefit of hindsight.
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For someone who is simple, yes, that would be a possible interpretation. For anyone who reads for context or comprehension, it wouldn't be.

As I expected, you've slid right off into defending your wounded ego. I'll leave you to it; I'm sure you have more to say, but you'll be saying it to yourself.
 
BlueWaterSailor said:
For someone who is simple, yes, that would be a possible interpretation. For anyone who reads for context or comprehension, it wouldn't be.

As I expected, you've slid right off into defending your wounded ego. I'll leave you to it; I'm sure you have more to say, but you'll be saying it to yourself.
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Jesus Christ you are insufferable.

Where have I defended anything I've said? Nowhere. You are making things up primarily because you are stuck in a black and white world where you are right or wrong. Very academic of you.

Here is the main thing you have said: think with your dick because it will take you on wonderful journeys through many universes. Something also Casey and her mom.

I am sure Casey was a wonderful woman and in fact, I used to mentor a young woman who likely had a similar background. She went from being an unemployed economist to being a successful quant(!!!) Of course, I am not solely responsible, but I could never have a family with her because there is a very high likelihood of her childhood rearing its ugly head. She did try, but I kept my distance.

Personally, I trade using statistics. I like to find 90% conditional probabilities because I can very easily test and find whether that is true in real life. You may have lucked out with Casey but there are many Casey's out there who would see you as a meal ticket and cash it in. Perhaps your filtering with Casey worked, in which case you didn't quite think with little dicky.

The point is: don't be so hung up on being right, be hung up on finding out what is true. In this case, following your dick is TERRIBLE advice to the horniest thing on the planet.
 
Mpas said:
Hi everyone!Lets me ask you one question:What would you tell your 18 year old self about trading/investments?(regrets,advices,etc.).
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Learn to use the power of compounding; whether it's profits, interest or passion. DCA investing is most likely the best habit to cultivate when young.


In general;

Applying the words of Joseph Campbell, "Follow your Bliss."

mixed with the inscription at the temple of Delphi, "Nosce te ipsum"

and Polonius in Hamlet, "To thine own self be true."

would be a solid foundation from which to explore, discover and create.
 
BlueWaterSailor said:
I'm... highly ambivalent about the value of this, progressively more so as time goes on. IME, the most effective learning path is to find out the minimum necessary to learn where the brick walls are, then go get focused, professional training in breaking through them. My "employment" history has been mostly as a consultant - and what employers I've worked for reached out to me because of the reputation I've built. The people I've always cared about "impressing" were my clients - and I've spent more (usually, unseen) effort to provide them with quality work than most people would imagine... but this let me stay mostly independent, successful enough financially, and as free as I wanted to be (seven years of sailing the Caribbean, 20 years of living aboard, off RV cruising - while trading - now.)

There are indeed careers that absolutely require a long, committed, formal learning track; I don't recommend any of them unless someone is really on fire for that kind of thing. Outside of those, I think you can live a much more fulfilled life by following a more active, more engaged path through it. Wasting years in an attempt to get a piece of paper that impresses someone... I just don't see it.
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At least in the UK, a university degree after a 3-year course remains a good-value ticket into the interview room with most employer offering decent jobs, while offering an enjoyable and life-building experience. Choice of degree is important - as has been said, there's little point getting the same low grade in social studies or media as so many lame-brains, it has to be something marketable. I'm not talking about the traditional professions either - medicine, law, veterinary, engineering - these things take too long and are not highly transferable to other fields.

Employers here don't care about the actual grade of a degree so just enough work to pass is all that's needed. Choice of university is helpful but only of secondary importance.
 
nooby_mcnoob said:
To me, it appears that you're trying to justify your life decisions and that's dangerous.
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You're really going off the deep end.
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By the way, I'm perfectly willing to believe that I have misunderstood what you are saying but you have dug such a specific hole about right and wrong, that I doubt it.
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"Bingo!" Yeahhhhhh, there's a lot going on here. "Yipes!" works, too. A lot of textbook stuff. You've got to wish some clear perspective, and then let it be. (I guess.)
 
tommcginnis said:
"Bingo!" Yeahhhhhh, there's a lot going on here. "Yipes!" works, too. A lot of textbook stuff. You've got to wish some clear perspective, and then let it be. (I guess.)
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I do understand what he is saying that saying "yes" to everything can be extremely interesting. But it's only good in Hollywood and at the extremes of the "yes" distributions. The majority of people who say yes to everything end up in trouble.
 
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