≈ Oh, by the way, which one’s Pink? ≈
You are a guitar player. Your all-time idol is David Gilmour. Through the years you’ve collected all his records, both from Pink Floyd and his solo career. You’ve learned everything you could about his gig rig. You’ve bought a nice Fender Stratocaster and tried as much as possible to replicate the sound of his guitars. You’ve scrutinized and practiced his licks until your fingers bled. You even got your tickets ready to go to Christie’s London to see his guitar collection. You are feeling sick for not having the funds to purchase the legendary Black Strat.
As much as you (and everyone else) have dedicated time and effort to sound like him, why are you still not the next David Gilmour?
Because his guitar is an extension of himself. The sound he gets from it, the groove, the feeling, the touch, the right bending of the strings, the way he approaches the instrument to get that sound we all love can only come from him and no one else. He hears the sounds in his head and uses the instrument to translate them to the physical world. The perfect translation came from honing and mastering the craft through the years.
You are a drummer. Try to sound like Neil Peart.
You are a saxophonist. Try to sound like John Coltrane.
You are an investor. Try to be Warren Buffett.
You get the point. Grabbing Buffett’s SEC filings and mirroring it won’t make you the next Warren Buffett.
Your portfolio should be an extension of yourself. Learn, hone and master the craft so you can translate what’s in your head to the physical world.
Chart of the Day
Buffett’s Portfolio
Nothing is more scrutinized than Buffett’s portfolio. Not even the Kardashians. If you want to check Berkshire’s latest SEC filings and scrutinize his portfolio yourself, feel free to see it here.
Video of the day
What is An Investment Portfolio
An investment portfolio is a collection of your investments including Stocks, Bonds, Cash, Real State, Metals, between other assets.
Today’s line up
Rookie Corner
The Boogeyman!
Last week we talked about how we can prevent ourselves from going down to the abyss of bad trading by examing our trading patterns and more importantly our adherence to our trading process. There were real strategies in last weeks blog that can help a trader pull out of a funk and help steer the trading ship towards profitability.
Traders Lounge 11PM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cashflow Club 8:30PM EST
Held every Thursday, this show helps you perfect your favorite cashflow strategies.
Halftime Report 12:30PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Market Recap
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
Financial freedom is a journey
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