Making the Most of Mentorship

If President Obama were to accomplish one thing in his next term, it should be to lower significantly the unemployment rate. At a current 7.8% (according to the U.S. Bureau of Labor Statistics) roughly 12.2 million people in the U.S. are without jobs. The economy matters. People are happy when they’re productive at work and making money.

The digital age makes it possible to create something, market it and sell it entirely on your own, which means it’s a lot easier to be an entrepreneur than ever before.

In my previous post I commented on Ben Bernanke's recent communication of the Fed's exit strategy for getting its balance sheet and daily operations back to historical norms.

Whether I'm out on the speaking circuit, working with startups, back in Ann Arbor teaching MBAs, or just socializing in a coffee shop, I'd say there's one question I'm hit with more than any other. It comes in different forms, but the essence of the question is the same: "What does it take to be a successful entrepreneur?” Over the years, my answer has evolved. But I’ve found myself settling on ten traits that are shared in common by virtually every truly successful entrepreneur I’ve met, observed or studied. The true rock stars entrepreneurs are all:

For a trading methodology to be successful, it has to be complete. That means covering every aspect of the process – what needs to be done day in and day out, week in and week out, and so on. Early on, many traders begin with an enthusiastic focus on just one area of the program, like signal generation or rules testing, without considering the other equally important elements.

One of my all-around favorite quotes on trading is actually about poker.