- When Wall Street is wheeling out its latest can't-miss product, be skeptical.
- Have an exit strategy -- and cash to cushion any tumble.
- Debt markets can do a better job predicting problems than stock markets.
- Educate yourself about the range of exchange-traded funds being introduced, some of which can play a valuable role in a portfolio.
- Don't underestimate the value of a safety net, such as put options.
- A historical perspective can be a valuable tool.
- Even the greatest trade doesn't last forever.
- Don't risk too much in any one trade, even one that seems like a sure thing.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Monday, November 16, 2009
Gregory Zuckerman's takeaways from the 'Greatest Trade Ever'
here. Summarized:
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