Not so long ago, companies that borrowed lots of money were considered risky, appropriate only for daredevil stock pickers. Those with lots of cash on hand and few outstanding debts might be dull stocks, but they were at least safe bets for bondholders.
Whenever you try to pick market tops and bottoms, you are making a prediction. Guessing what stock is going to outperform the market is forecasting, as is selling a stock for no apparent reason. Indeed, nearly all capital decisions made by most people are unconscious predictions.
There is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance.
I’d compare stock pickers to astrologers but I don’t want to bad mouth astrologers.
Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed to beat the market consistently, year after year.
You learn from the things that happen in your career. You get up and down. You never give up. All the things that happened in my career, thank God it happened early rather than late in my career.
You can't just imitate and keep coming up with ideas. You have to be tapping into something that's pure and unconscious in yourself or you'll have no career.
Lyrics came quite easy early on in my career. But I always wanted to push it further and stand out a bit more. We were coming from the garage era when lyrics were simplified, purposefully, to work in the club environment. They were about hyping up a crowd or bigging up a DJ. Moving into grime, our lyrics became more in-depth.
I just think that any person who wants music to be their career shouldn't focus on a record label. I have seen friends who sign to a label too early in their career, and they lost control over their music, and their releases were delayed or never put out.
Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry. All three are trying to pull off elaborate hoaxes. But while Santa and the bunny suffer the derision of eight year olds everywhere, actively-managed stock funds still have an ardent following among otherwise clear-thinking adults. This continued loyalty amazes me. Reams of statistics prove that most of the fund industry's stock pickers fail to beat the market.
You should expect little or nothing from Wall Street stock pickers who hope to be more accurate than the market in predicting the future of prices. And you should not expect much from pundits making long-term forecasts.
I think all tennis players have to struggle through the early stages of their career. We start off playing tournaments and really just get by. I always had a dream to play in the big tournaments and never have doubted if it was worth it. Having to battle a little early on in my career makes it all the more worthwhile now.
In history, the evidence is overwhelming: Stock market bottoms happen, and then stocks jolt upwards while the economy keeps getting worse - sometimes by a lot and for a long time.
In my early years, there were a number of experiences that made me decide I could not afford the luxury of just being an actress. There were a number of issues I wanted to address. And I wanted to use my career as a platform.
During my early days as a sportsman and early career as a policeman, things were tight. In athletics I competed as an amateur and, although I might have received some expenses, very little came my way in earnings.
We were little animals, which is not to imply that by the end of the week we were tearing our tank tops off; just that, metaphorically speaking, we had begun to sniff each other's bottoms, and we did not find the odor entirely repellent.