Tackle Today: What Sushi Chefs taught me about investments
July 26, 2018
Japanese restaurants. We’ve all been there at least once in our lives and we love Japanese food. But what impresses me the most is the minimalistic appearance of some of their dishes. It pleases and surprises the eyes before the stomach.
Take Nigiri Sushi, for example. Combine a slice of fish on top of some rice and you got it. How we never thought about it before? That should be easy to prepare.
Not by any stretch of our imagination. Looks simple but nothing could be harder to attain. For a Sushi chef, to get to that minimal result, that would mean:
Choosing the right fish.
Choosing the right cut.
Cutting the right slice at the right size with the right knife.
Choosing the right rice.
Choosing the right seasoning.
Preparing the rice carefully with the right handling skills.
Assembling each Sushi carefully so that they have that iconic and worldwide famous design.
– Oh, so you’re a trader! So, you just buy a stock and wait for it to appreciate in value? You just click on this button, wait for the *TILLILLON* sound and that’s it?
You get the point. In order to just sit on a chair and click a button to buy or sell an asset, we have to master all the complexity behind it. Like Sushi Chefs in their own craft.
Chart of the Day
Simple, yes. Easy, no.
This is what goes behind a minimalistic Nigiri Sushi.
Video of the day
What is an Out-Of-The-Money Option
An option contract that is not worth exercising at the strike price. Any call with a strike price higher than the current price of the underlying security is out-of-the-money while any put with a strike price lower than the current price of the underlying security is out-of-the-money. Out-of-the-money options carry no intrinsic value and have lower deltas than in-the-money-options.
Today’s Lineup
Coaches Lounge 11am EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cash Flow Club – 8:30pm EST
Held every Thursday, this show helps you perfect your favorite cashflow strategies.
Very well put Christian. It’s an amazing analogy.
Thanks, Angelo. I’m glad you liked it.