The Texas populist take on the tax cut

Miles Jackson cqmv at pdx.edu
Fri Jan 10 14:23:50 PST 2003


On Fri, 10 Jan 2003, Jordan Hayes wrote:


> My personal trading style can be summed up like this:
>
> - Get an idea; no ideas? Do something else.
> - See if it's actionable; it's not? Do something else.
> - Determine tax advantage; choose account appropriately.
> - Enter position
> - Change my mind about the idea? Exit position.
> - Underlying factors leading to the idea change? Exit position.
>
> "Holding" (outside of continued support of the idea) in this scenario is
> just dumb and leads to disproportionate risk-adjusted losses.
>

You know, if you translate this from econospeak to English, JH sounds like my mom explaining why she likes to play the slots at the nearby Indian casino.

Miles



More information about the lbo-talk mailing list