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Brian McMan

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Timing the Market

I have heard many people say that you shouldn't try to time the market. So being the contrarian that I am, today I'm going to try and time the market. By the market I mean the New York Stock Exchange.  It should open around nine thirty and close around four or so.  But we'll see. If everything goes as planed there will be six and a half hours to buy as much ownership of companies as I can.  It is a good time to buy no matter which hour I purchase more ownership in.  This is because, as J.L. Collins puts it,  the market always goes up.
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People Who Win the Lottery End up Broke

I've heard that a significant percentage of people who win the lottery end up bankrupt. They simply did not have what it takes to handle the wealth that they were hoping to get. What brings these people down?  Is it a bad attitude that brings these people down?  Is it a lack of resources other than finances?  Is it a lack of a support system?  I don't have the answers, but I do see this as a  serious and important question. This is important because we have all won lotteries.   I've won the time lottery, this being the greatest time in the history of earth to be alive. I've won the genetic lottery, because clearly I'm smarter than the loser who passed me driving down the road this morning. I've won the country lottery, having been born in a country that other people risked life and limb to get to. I've won the physical health lottery, because I can still walk, talk, and take action. Despite all this?  I'm becoming bankrupt...
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The extreme urgency of failure possibilities.

In his book The Millionaire in the Mirror, Gene Bedell mentions that there are really only two actions that one should be taking in order to advance their career. The first type of action gets you closer to your goals.  For example you can accomplish projects or deliver outstanding results. The second type of action is anything that prevents absolute failure possibilities.  Reaching out to a customer who had a bad experience so that they don't bad mouth your company into the ground is an example of this.  Sending your significant other a romantic note or eating healthier is sometimes necessary to prevent the failure of a relationship or a heart.   I've been fired in part due to my failure to move heaven and earth after learning about an absolute failure possibility at work.  I had become complacent after three years, after what I consider to be over one thousand days of victories.  Each day moved me somewhat closer to my goal.  But the ...
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