Comments on: A New Model for Successful Investing http://sethigherstandards.com/2009/01/18/a-new-model-for-successful-investing/ Ramblings from a 30-something ultra-marathoning yogi with a day job. Mon, 21 May 2012 00:41:15 +0000 hourly 1 http://wordpress.com/ By: Your Best Investment « Set Higher Standards http://sethigherstandards.com/2009/01/18/a-new-model-for-successful-investing/#comment-1410 Thu, 27 May 2010 04:55:17 +0000 http://www.sethigherstandards.com/?p=672#comment-1410 [...] think that investing in the traditional equities market is a sucker’s game, and I’ve put my money where my mouth is.  I started investing when I was a kid (really) and stopped a few years ago after realizing that [...]

]]> By: Darri http://sethigherstandards.com/2009/01/18/a-new-model-for-successful-investing/#comment-1042 Sat, 24 Jan 2009 10:55:56 +0000 http://www.sethigherstandards.com/?p=672#comment-1042 Good article! I myself am a financial engineer and I have seen a lot of people get caught in the hype of certain stocks. The psychology behind the movement of stocks is fascinating.

But if there is one thing this debacle has thought us (which should have been learned after the demise of Long Term Capital Management) is that Financial Modeling is and Risk Management modeling is such an amazingly small part of the equation, yet it is being relied upon as a lifeline of most financial institutions out there! NONE OF IT WORKS during times of duress (I know because I’ve worked on such models)! Lehman Brothers were thought to have the best Risk Management practices, and were heavily hedged against adverse movements.

“Crap in crap out!”

I especially agree with point nr. 2 in your article. I heard Jim Rohn say sth that stuck with me and that is “work harder on yourself than on your job”. And regardless of the fiscal gains I believe investing in yourself is the ultimate way of living! Like Tim Ferriss says, we are not looking to make the most money, we are seeking to obtain the lifestyle money enables us have.

Best regards,

Darri

]]> By: Susan Kishner http://sethigherstandards.com/2009/01/18/a-new-model-for-successful-investing/#comment-1041 Sun, 18 Jan 2009 08:32:22 +0000 http://www.sethigherstandards.com/?p=672#comment-1041 I’ve been reading along for a while now. I just wanted to drop you a comment to say keep up the good work.

]]>