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Casual Articles - Portfolio Management Art Of War
Types Of BankruptcyThere are two different types of bankruptcy that can be used in most cases. Each one has a different set of rules and guidelines that you must follow in order to qualify for and get the bankruptcy. If you are considering bankruptcy, it is important to understand the differences in these types of bankruptcy and to choose the one that best fits your needs and the one that you qualify for.Chapter 7 BankruptcyThis is the type of bankruptcy that is most often used by individual debtors. It allows for an individual or married couple to wipe out their debt by taking property and liquidating it. The money from the property is then used to pay off the debt that the individual has incurred. In some states, certain property can be retained. Only property that is exempt unde
Before a King sends a squad forward, he must first assess the capability of the General that is to lead this assault. This is your Research. If you are highly confident that this General will win the battle, should you give him more troops so that he can claim more terri
Quick social networking is a way to keep in groups of people together for marketing, organizational, or personal reasons. The network is made up of what are called ties and nodes, with the nodes being the individual user and the tie being the connection between them. Many people use it to keep family together, but mostly people use social networking for contacts outside their usual sphere for business and cultural reasons. Here are 4 ways to use it well.1. Find a Group It’s said that birds of a feather flock together. Make sure you find a group that suits your intentions, and take the time to check them out until you do. Once you do that, you can also find satellite groups that are similar to yours--for business purposes, it’s a good idea to check these out as well. Quick social networking should not be haphaz
Having been managing investment portfolios and accounts for the past decade both professionally and personally, me, like an army of other portfolio managers out there, are not only looking for the perfect trading system, but also the perfect way to manage an investment account.
Indeed, there are whole bombardments of theories of risk management and portfolio management out there that it is mind boggling. There are risk management concepts that attempt to govern each investment trade and position sizing based on complex probability calculations and there are even concepts that were born in Las Vegas, claiming what high stake poker gamblers do. The problem with these concepts is that they are mainly mathematical concepts that took the human factor out of the game completely.
Let’s face it, if you have ever managed a portfolio or an investment account, you will know that it is never as simple or left to chance as a game of poker and it is never as mechanical and emotionless as the mathematical calculations claim.
After a decade of thinking along these lines, I realized that these portfolio management concepts are important but there must be something on top of these that must govern the mind that executes these concepts. This “Meta Program” must be the “Operating System” in the mind of the portfolio manager and rule the way the portfolio manager or trader looks at a portfolio or investment account. With such a “Meta Program” in mind, the portfolio manager will be able assess changes in a portfolio or investment account in the right light and to behave in ways that are appropriate to the prevailing situation.
Here I present my personal “Meta Program” called the Portfolio Management Art of War.
Every Investor, Trader, Fund Manager or Portfolio Manager is an Emperor or King of his or her own trading Empire. Your Empire exists in a world that is engulfed and consumed in an eternal warfare. This world is called the Exchange (stock, forex, commodity or whatever exchange you are involved in.).
The boundaries and resources of your Empire are defined by the size of your Fund. Some Kings have bigger territories and some have smaller ones but all are driven by the common need to survive in the Exchange by expanding their territories and boundaries.
As a King, your mandate in the Exchange is to find ways and means to expand your Empire over time. If that cannot be done, you will soon find that you might not be the King of this Empire for very long.
In order to expand one’s territory, one must lead one’s Empire into war against the rest of the Exchange. Some Kings are more aggressive and some, more conservative. Regardless of level of aggression, every King’s resources must be committed in various ways into battle against the Exchange. Every winning battle expands the King’s territory and every losing battle loses part of the Empire and the boundaries shrinks. Some King has a target boundary size but know that as long as you remain a King, you will one day be drawn into battle against the Exchange again. The war in the Exchange is eternal.
In order to battle in the Exchange, every King must have a Strategy. Some splits one’s army up into many squads which fights independently and some engages in a total war against the Exchange with the whole Empire leaving only very little backup. Some organizes one’s army into many functional squads, with some squads fighting more aggressively and some squads fighting more conservatively. This Strategy is called the Portfolio Management System that the King chooses to adopt. Each squad then fights using specific Tactics called Trading Systems.
How a King chooses his Strategy and Tactic depends largely on the part of the Exchange that a King chooses to fight in. Every part of the Exchange (Forex or commodity or equity etc..) has its own unique characteristics and rules of engagement which the King must be thoroughly familiar with.
Every time a King sends forward a squad to do battle in the Exchange by drawing upon his Empire and placing a position in the Exchange, it must always be held in mind that there is no guarantee that you will ever see that brave general that was being sent forth again. If the squad loses, you lose a part of your Empire to the Exchange. Therefore you must take very frequent look at the overall map of your Empire (which should always be pinned up prominently in your war room.) and monitor how far back the Exchange has taken your Empire before thinking about and making your next move. If the squad wins, that general expands your Empire farther into the Exchange. That gives you more resources and more troops to wage your next battle. The King must then decide how these new resources are to be deployed… shall he assign the new troops into his existing squads? Should the King hold the new troops and resources back as backup for future battles? Should the King expand on the number of squads using the new troops? Strategic deployment of these resources could turn the tide of the entire war.
Before a King sends a squad forward, he must first assess the capability of the General that is to lead this assault. This is your Research. If you are highly confident that this General will win the battle, should you give him more troops so that he can claim more terri
Manufactured homes or mobile homes are houses that are manufactured on assembly lines and easily shipped complete to the site of the new owner’s home. While manufactured homes have come a long way from what they used to be, there are still some points you have to cover to ensure that you are indeed getting a quality manufactured home for the price you are paying.Don’t Hesitate to InspectSome people don’t like to be called nit-pickers, but going through the manufactured home you are planning to purchase does require a little bit of it. You need to look through the entire house for flaws and questionable parts and fixtures that may need repair or replacement. Remember that the house was essentially assembled on an assembly line and while these manufacturing lines do have certain standards and quality codes to
After a decade of thinking along these lines, I realized that these portfolio management concepts are important but there must be something on top of these that must govern the mind that executes these concepts. This “Meta Program” must be the “Operating System” in the mind of the portfolio manager and rule the way the portfolio manager or trader looks at a portfolio or investment account. With such a “Meta Program” in mind, the portfolio manager will be able assess changes in a portfolio or investment account in the right light and to behave in ways that are appropriate to the prevailing situation.
Here I present my personal “Meta Program” called the Portfolio Management Art of War.
Every Investor, Trader, Fund Manager or Portfolio Manager is an Emperor or King of his or her own trading Empire. Your Empire exists in a world that is engulfed and consumed in an eternal warfare. This world is called the Exchange (stock, forex, commodity or whatever exchange you are involved in.).
The boundaries and resources of your Empire are defined by the size of your Fund. Some Kings have bigger territories and some have smaller ones but all are driven by the common need to survive in the Exchange by expanding their territories and boundaries.
As a King, your mandate in the Exchange is to find ways and means to expand your Empire over time. If that cannot be done, you will soon find that you might not be the King of this Empire for very long.
In order to expand one’s territory, one must lead one’s Empire into war against the rest of the Exchange. Some Kings are more aggressive and some, more conservative. Regardless of level of aggression, every King’s resources must be committed in various ways into battle against the Exchange. Every winning battle expands the King’s territory and every losing battle loses part of the Empire and the boundaries shrinks. Some King has a target boundary size but know that as long as you remain a King, you will one day be drawn into battle against the Exchange again. The war in the Exchange is eternal.
In order to battle in the Exchange, every King must have a Strategy. Some splits one’s army up into many squads which fights independently and some engages in a total war against the Exchange with the whole Empire leaving only very little backup. Some organizes one’s army into many functional squads, with some squads fighting more aggressively and some squads fighting more conservatively. This Strategy is called the Portfolio Management System that the King chooses to adopt. Each squad then fights using specific Tactics called Trading Systems.
How a King chooses his Strategy and Tactic depends largely on the part of the Exchange that a King chooses to fight in. Every part of the Exchange (Forex or commodity or equity etc..) has its own unique characteristics and rules of engagement which the King must be thoroughly familiar with.
Every time a King sends forward a squad to do battle in the Exchange by drawing upon his Empire and placing a position in the Exchange, it must always be held in mind that there is no guarantee that you will ever see that brave general that was being sent forth again. If the squad loses, you lose a part of your Empire to the Exchange. Therefore you must take very frequent look at the overall map of your Empire (which should always be pinned up prominently in your war room.) and monitor how far back the Exchange has taken your Empire before thinking about and making your next move. If the squad wins, that general expands your Empire farther into the Exchange. That gives you more resources and more troops to wage your next battle. The King must then decide how these new resources are to be deployed… shall he assign the new troops into his existing squads? Should the King hold the new troops and resources back as backup for future battles? Should the King expand on the number of squads using the new troops? Strategic deployment of these resources could turn the tide of the entire war.
Before a King sends a squad forward, he must first assess the capability of the General that is to lead this assault. This is your Research. If you are highly confident that this General will win the battle, should you give him more troops so that he can claim more terri
No matter how you earn a living, one occupational skill you would do well to cultivate is the knack for getting along with the boss; that dispenser of raises and promotions is probably the key person in your working life. In most facilities, it's your boss’s opinion of you that determines your future in the company. A staff person in constant conflict with his/her supervisor, even if he or she is a virtuoso performer on the job can find his/her prospects considerably dimmed. Short of marrying his or her daughter, what can you do to get into the boss’s good graces and stay there? Fortunately, most bosses aren't monsters, so they respond to efforts to improve relationships with their staff members.Here are some suggestions for making yourself more valuable to the man or woman you work for, based upon the observatio
As a King, your mandate in the Exchange is to find ways and means to expand your Empire over time. If that cannot be done, you will soon find that you might not be the King of this Empire for very long.
In order to expand one’s territory, one must lead one’s Empire into war against the rest of the Exchange. Some Kings are more aggressive and some, more conservative. Regardless of level of aggression, every King’s resources must be committed in various ways into battle against the Exchange. Every winning battle expands the King’s territory and every losing battle loses part of the Empire and the boundaries shrinks. Some King has a target boundary size but know that as long as you remain a King, you will one day be drawn into battle against the Exchange again. The war in the Exchange is eternal.
In order to battle in the Exchange, every King must have a Strategy. Some splits one’s army up into many squads which fights independently and some engages in a total war against the Exchange with the whole Empire leaving only very little backup. Some organizes one’s army into many functional squads, with some squads fighting more aggressively and some squads fighting more conservatively. This Strategy is called the Portfolio Management System that the King chooses to adopt. Each squad then fights using specific Tactics called Trading Systems.
How a King chooses his Strategy and Tactic depends largely on the part of the Exchange that a King chooses to fight in. Every part of the Exchange (Forex or commodity or equity etc..) has its own unique characteristics and rules of engagement which the King must be thoroughly familiar with.
Every time a King sends forward a squad to do battle in the Exchange by drawing upon his Empire and placing a position in the Exchange, it must always be held in mind that there is no guarantee that you will ever see that brave general that was being sent forth again. If the squad loses, you lose a part of your Empire to the Exchange. Therefore you must take very frequent look at the overall map of your Empire (which should always be pinned up prominently in your war room.) and monitor how far back the Exchange has taken your Empire before thinking about and making your next move. If the squad wins, that general expands your Empire farther into the Exchange. That gives you more resources and more troops to wage your next battle. The King must then decide how these new resources are to be deployed… shall he assign the new troops into his existing squads? Should the King hold the new troops and resources back as backup for future battles? Should the King expand on the number of squads using the new troops? Strategic deployment of these resources could turn the tide of the entire war.
Before a King sends a squad forward, he must first assess the capability of the General that is to lead this assault. This is your Research. If you are highly confident that this General will win the battle, should you give him more troops so that he can claim more terri
The biggest networking mistake We all know it . We all want to do it...later. Networking is THE way for professional success. More than great monthly reports, exceptional achievements, annual bonus, special distinction, awards etc. These things CONTRIBUTE to your network. But the active network beats all of the above. I am part of a pharmaceutical network whose motto is BEG, STEAL OR BORROW! I love this ! Yes we are part of this network to share. Although the emphasis SEEMS to be on the taking part of the deal, the other part is just as important, the giving!Most people will join a network to get help. Help in finding solutions to a problem ( the communities of practice are great for that ), help in finding kindred spirits, help in finding someone who knows someone who might help and help in finding a new job.
How a King chooses his Strategy and Tactic depends largely on the part of the Exchange that a King chooses to fight in. Every part of the Exchange (Forex or commodity or equity etc..) has its own unique characteristics and rules of engagement which the King must be thoroughly familiar with.
Every time a King sends forward a squad to do battle in the Exchange by drawing upon his Empire and placing a position in the Exchange, it must always be held in mind that there is no guarantee that you will ever see that brave general that was being sent forth again. If the squad loses, you lose a part of your Empire to the Exchange. Therefore you must take very frequent look at the overall map of your Empire (which should always be pinned up prominently in your war room.) and monitor how far back the Exchange has taken your Empire before thinking about and making your next move. If the squad wins, that general expands your Empire farther into the Exchange. That gives you more resources and more troops to wage your next battle. The King must then decide how these new resources are to be deployed… shall he assign the new troops into his existing squads? Should the King hold the new troops and resources back as backup for future battles? Should the King expand on the number of squads using the new troops? Strategic deployment of these resources could turn the tide of the entire war.
Before a King sends a squad forward, he must first assess the capability of the General that is to lead this assault. This is your Research. If you are highly confident that this General will win the battle, should you give him more troops so that he can claim more terri
Diversity is a popular management topic in many countries and companies. A wide of sweep resources in HR and management time is devoted to diversity in large organisations, especially government, educational and global organisations.In a publication by the European Commission in November 2003, "fixing" diversity is reported as having significant benefits and costs. Benefits include reduced absenteeism, higher productivity, better attraction and retention of talented people and improved innovation and creativity.Costs and obstacles to "fixing" diversity are reported to include legal restrictions in holding of diversity data, difficulties in changing organisational culture and lack of awareness amongst organisations of the content, benefits, rationale and mechanisms of diversity policies.From personal
Before a King sends a squad forward, he must first assess the capability of the General that is to lead this assault. This is your Research. If you are highly confident that this General will win the battle, should you give him more troops so that he can claim more territory? If you are slightly less confident of that General, should you cut back on his troop or hold back the assault altogether?
Finally, if your Empire has been compromised and the Exchange has claimed a significant portion of it, is it time you consider a change in Strategy and Tactics? Even if the Exchange has claimed a large portion of your Empire, you might still be able to wage a series of battles so successful that you could probably claim the Empire that you started with and maybe even more, like so many famous Kings and Generals in the world. So, even if your Empire has taken a rough hit, it is not time to surrender yet. You are the King. If you give up, the whole Empire falls.
With this “Meta Program” in mind, you will be able to apply many of the famous art of war and their centuries of wisdom on top of the modern finance techniques that you have learnt in order to have even more certain survivability for a long time to come.
Every King needs a tactical map. I have made one such map which you can use for free in order to have a strategic overview of your Empire and help you keep the metaphor in mind at http://www.mastersoequity.com/metamap.htm
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