Friday, August 5, 2011

Admitting Mistakes

Today's post will be very short, just like my huge position in the stock market.

I'm kidding. I'm getting absolutely crushed. Have lost several million in my IRA. It's a good thing I keep most of my money underneath my mattress.

Anyway, the key to being a Hasidic Warrior is being able to admit mistakes.

What was my mistake?

Buying a ton of Israeli company stocks when the U.S. announced they killed Osama Bin Laden. This was, as many of you savvy traders out there realize, the top of this market.

I don't understand, he's dead! Isn't the world a better place?

It's a good thing I hedged myself a little by shorting some German companies.

Man, this feels almost as bad as when my good friend Bernie finally said I could invest with him.