Nathan Christensen Rule of Thumb

Time is money, but money isn't time.

Dan Eklund Rule of Thumb

A lot of money is tainted ... taint yours and taint mine.

Warren Buffet Rule of Thumb

Those who won't fill your pockets will fill your ears!

Rhonda Abrams Rule of Thumb

It's not just what you've got, it's what you do with what you've got.

Curt Van Lydegraf Rule of Thumb

Some say that time is money ... I find that I can spend time and make money, but no matter how much money I spend I can't make any more time; therefore I find time far more valuable than money.

Warren Buffet Rule of Thumb

Of the billionaires I have known, money just brings out the basic traits in them ... if they were jerks before they had money, they are simply jerks with a billion dollars.

Skilled Traders Rules of Thumb

Skilled traders find a strategy or market pattern that offers a high probability for success ... they make money by exploiting this edge over and over again.

Skilled traders never deviate from their methodology or “wing it”.

Skilled traders never enter a trade without an entry and exit strategy ... they know exactly when and where to cut their losses as well as taking profits.

Skilled traders never ever let a winning trade turn into a losing one ... the easiest way to ensure that this doesn’t happen is to place a protective stop at or a few ticks in the money once your position is up several points.

Skilled traders never hope, pray or wish that their stock would go up. They understand that when they are wrong they are wrong and the best thing to do is cut their losses short.

Skilled traders never trade with their emotions ... they don’t allow themselves to get caught up in the latest and greatest investment hype.

Skilled traders always have one goal in mind: To preserve their capital at all costs. They do this by never taking on too large of a position ... never use more than 5% of your funds on any one trade ... this way in the worst-case scenario the stock could drop to zero and your account would not be severely affected.

Skilled traders never get too greedy. There is an old saying that “Pigs get fed and hogs get slaughtered” ... skilled traders don’t try to make one big trade that will turn them into instant millionaires ... they don’t try to hit home runs, instead they understand that it is better to keep hitting singles and making smaller consistent profits.

Skilled traders enter and exit trades swiftly and decisively.

Skilled traders listen to no one else’s opinion concerning the market or particular trade they are in.

Skilled traders are often contrarians. ... they will be buying when others are too scared to and sell when the crowd starts buying.

Oliver Wendell Holmes Rule of Thumb

Put not your trust in money; put your money in trust.

[Thank you, Dale Dauten.]

Jaime Lerner Rule of Thumb

Creativity starts when you cut a zero from your budget!

Bruce Henderson Rule of Thumb

The more you do something, the less it costs to do it ... experience cuts costs!

Suzanne Williams Rule of Thumb

Once the term sheet is signed, the power shifts away from the startup to the purchaser ... the typical term sheet will give the purchaser the discretion to step away from the deal if due diligence is unsatisfactory, or if the necessary internal approvals are not obtained.

Darrell Huff Rule of Thumb

Numbers can be bent to the will of whoever happens to be wielding them.

Donald Trump Rule of Thumb

The most successful entrepreneurs don't chase after money ... they find their passion and follow it and let the money come to them.

Richard Feynman Rule of Thumb

There are 10^11 stars in the galaxy ... that used to be a huge number ... but it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers ... now we should call them economical numbers!

Gary Libecap Rule of Thumb

Money comes and goes ... knowledge comes and grows.

George Ross Rule of Thumb

When somebody buys a stock it's because they think it's going to go up and the person who sold it to them thinks it's going to go down ... somebody's wrong!

Rodney Dangerfield Rule of Thumb

If you think nobody cares about you, try missing a couple of payments.

Ken Hakuta Rule of Thumb

Lack of money is no obstacle ... lack of a good idea is!

Ben Franklin Rule of Thumb

Time is money ... timing is critical!

Time is often one of the most critical success factors in many ventures. The customer determines the right "when". Keep a customer waiting and they just might walk away ... and sometimes, too early is too wrong, too! Just the other day, we ordered some pizzas for a lunch party ... wanted them at noon ... they came at 11:15. We were not happy ... how are we suppose to keep them fresh and warm for 45 minutes. Exit one pizza vendor!

Allen Meltzer Rule of Thumb

To survive, capitalism needs failures like religion needs sins.