Tuesday, December 20, 2005

Two Train Tracks

This story is quite interesting and really gives us an insight into DECISION MAKING and LOGIC

Which one will you choose?

A group of children were playing near two railway tracks, one still in use while the other disused. Only one child played on the disused track, the rest on the operational track. The train came, and you were just beside the track interchange. You could make the train change its course to the disused track and saved most of the kids.

However, that would also mean the lone child playing by the disused track would be sacrificed. Or would you rather let the train go its way?

Let's take a pause to think what kind of decision we could make................

Analyze the situation.....

Think and reflect...

Decided your answer !!!!

Now. go ahead


Most people might choose to divert the course of the train, and sacrifice only one child. To save most of the children at the expense of only one child was rational decision most people would make, morally and emotionally.
But, have you ever thought that the child choosing to play on the disused track had in fact made the right decision to play at a safe place?

Nevertheless, he had to be sacrificed because of his ignorant friends who chose to play where the danger was. This kind of dilemma happens around us everyday. In the office, community, in politics and especially in a democratic society, the minority is often sacrificed for the interest of the majority, no matter how foolish or ignorant the majority are, and how farsighted and knowledgeable the minority are.

The child who chose not to play with the rest on the operational track was sidelined. And in the case he was sacrificed, no one would shed a tear for him.

To make the proper decision is not try to change the course of the train because the kids playing on the operational track should have known very well that track was still in use, and that they should have run away if they heard the train's sirens.

If the train was diverted, that lone child would definitely die because he never thought the train could come over to that track! Moreover, that track was not in use probably because it was not safe. If the train was diverted to the track, we could put the lives of all passengers on board at stake! And in your attempt to save a few kids by sacrificing one child, you might end up sacrificing hundreds of people to save these few kids.

While we are all aware that life is full of tough decisions that need to be made, we may not realize that hasty decisions may not always be the right one. "Remember that what's right isn't always popular... and what's popular isn't always right."

Everybody makes mistakes; that's why they put erasers on pencils.

Sunday, December 11, 2005

Common Share Market Mistakes

Common Share Market Mistakes
Nine Common Mistakes Investors Make:

1.Buying a stock when it's trending down in price. Stocks are usually down in price for a reason.
2.Buying low priced stocks. These stocks are usually cheap due to problems. Many institutional investors don't look at low priced shares and institutional support is one of the ingredients needed to help propel a stock's price higher.
3.Wanting to get rich quick without doing the necessary homework. To make money in the stock market, you must spend time doing research, educating yourself, and learning from previous mistakes.
4.Buying on tips and rumours. Most rumours tend to be false.
5.Acting on poor advice. Most investors are not able to find good information so it's critical to educate yourself as much as possible.
6.Not buying stocks that rise to new highs. 98% of investors are afraid to buy stocks as they begin to move into new high ground. It just seems too high to them. Don't allow your fears to dictate your purchases. Emotions are far less accurate than markets.
7.Cashing in small, easy-to-take profits, and holding onto small losses. This tactic is the exact opposite of correct portfolio management strategy.
8.Putting price limits on buy-and-sell orders. Novice investors rarely place orders to buy or sell a share at the market price. This procedure is poor because the investor is quibbling for eighths and quarters of a point rather than getting out of stocks that should be sold to avoid substantial losses or buying into popular stocks.
9.Vacillating and not being able to make up your mind as to when to buy, sell, or hold a stock. This is a sign of having no plan and without a plan you're swimming against the tide.