What I’m Reading: 8/28/2013
These are highlights of what I read (and watched and listened to) this past week:
Day Trading Is a Sucker’s Game Crossing Wall Street | Crossing Wall Street“The good news is that this means that our formula for investing is now at an even greater premium. The ingredients of that formula are the same as ever: (1) Find good-quality companies; (2) Buy said companies’ stock at good prices; (3) Be patient. You don’t need to be the fastest trader, or have the most gizmos working for you. You don’t have to make the perfect trade every time. What you do have to do is research the companies thoroughly, and focus on the long term.”
Now it’s ruined | Seth’s Blog
“Technology almost always democratizes art, because it gives us better tools, better access and a quicker route to mediocrity. It’s significantly easier to be a mediocre (almost very good) setter of type today than it was to be a pretty good oil painter two hundred years ago.
And so, when technology shows up, it’s easy to imagine that along with the old school becoming obsolete, the new school will be populated by nothing but lazy poseurs.
Don’t tell that to Jill Greenberg, Sasha Dichter or Jenny Holzer.
… all this ending is leading to more and more beginnings, isn’t it? It’s not ruined, it’s merely different.”
Elmore Leonard: A Man of Few, Yet Perfect, Words | www.nytimes.com
“Amazingly, that praise was fair. And it couldn’t even inspire resentment among other writers. Stephen King grudgingly approached his first Leonard book, suspicious of such a critics’ darling. But he picked up “Glitz” (1985), got hooked, and came up with the best no-nonsense description of the Leonard effect: “This is the kind of book that if you get up to see if there are any chocolate chip cookies left, you take it with you so you won’t miss anything.””
Do You Want to Succeed in College Admissions? Finish Something | Cal Newport
“When you hear, “this kid is a credentialed sports journalist featured in the New York Daily News,” your first instinct is to think he’s a prodigy and a genius. But when you then learn the details of his real story — as with most such “gee whiz” student tales — you realize the path was more humble. He choose something interesting and followed through. He then asked, “what’s next?” This isn’t easy. And it requires quite a bit of confidence. But what’s important is that it’s not nearly as stressful as what most ambitious young people put themselves through during this process.”
Photo Credit: Darren Elliott