SoftwareStocks.com

Stock Market Wisdom From Children's Stories - The Princess and the Pea

Once upon a time, a prince was looking for a real princess. He traveled about the world searching for a real princess but returned home disappointed. One evening, a young woman claiming to be a real princess seeks shelter from a storm in the prince's castle. The prince's mother decides to test the validity of her claim by placing a single pea on a bedstead and piling twenty mattresses and twenty feather beds atop it. There, the young woman spends the night.

In the morning they asked her how she slept.

'Oh terribly bad!' she said. 'I have hardly closed my eyes the whole night! Heaven knows what was in the bed. I seemed to be lying upon some hard thing, and my whole body is black and blue this morning. It is terrible!'

There is a modern-day story that is very, very similar to the ?Princess and the Pea.?

Once upon a time there was a prince who was searching for an investment adviser to help him preserve, protect, and possibly grow his fortune. He hoped that the money would help him in his old age and then after he and his wife were gone, he wanted to make sure that he could also provide for his children.

He searched high, and he searched low, and after a long while found someone who would surely be the right advisor.

Over the next few years, the financial advisor did all of the things that the prince required of him. He diversified the Prince?s portfolio among cash, bonds, and stocks. He even invested some of the Prince?s money in foreign lands.

The prince?s fortune grew at a relatively stable rate. Best of all, the investment duties required very little of the Prince?s time. Overall, the Prince was quite pleased with his choice of adviser.

Every so often the Prince would summon his adviser to the palace in order to complain that part of his portfolio wasn?t growing as fast as the rest. He would also complain in strong voice and at great length when any one of his investments declined in value.

His trusted advisor, over and over again, would try to explain that he wasn?t perfect and never would be. Due to the nature of the world, it is only during very rare times had everything is doing well or that everything is doing poorly. Most of the time, some things will be doing well while others are not.

The adviser tried to explain that in the Prince?s forest, not every tree grew at the same rate. Some trees even died due to circumstances such as drought, fire, and for and various other reasons. On balance, though, the forest continued to grow over many, many years. The advisor asked the Prince if under those circumstances, did he also summon his head forester in order to complain about those few trees?

The Prince, in all his Princely wisdom finally understood that it was more important for him to see his entire forest rather than to look at each one of his trees.

The moral of this story: Stop whining. You ain?t no princess. Don?t be such a pain in the ass.

Gary Wollin is a Warren Buffett style investment advisor with 48 years of Wall Street experience. He has been regularly featured in The Wall Street Journal and New York Times. He writes and speaks on sales, customer loyalty, and the stock market. http://www.garywollin.com

MORE ARTICLES:

Online Stock Trading: Freedom of Trade
I remember the first time I started to trade online. It was just before the tech bubble of the late 1990's and the internet was still something new for most people.

New Stock Investing Software from StockSalad.com Calculates and Ranks Stock Picks in Real Time
StockSalad.com?s new stock investing software calculates and generates in real time a simple list of stocks, based on their value on the stock market.

Micro-Cap Stock Trading ? Pros and Cons of a Micro-Cap
Micro cap stock trading can be a way for a person with very little money to enter the stock market and make a lot of money fast Traders and investors do this every day sometimes doubling or tripling their money by trading hot micro cap stocks

Stock Trading Market Online : Insurance quote low cost
Insurance quote low cost on Stock Trading Market Online gives Articles and information from Insurance quote Information and other tips. It helps distinguishing any details about it. According to Warren Bland, PhD, an award-winning author and geographer at Cal State, people have a great option. It's called "equity-take" that is, the difference in cost of comparable prices between your present one and the more affordable one to which you could move for. So, if you are willing to make that move, you can pocket a good chunk of money instead of delaying your retirement.

Stock Market Course .... Day Trader Online Seminar ... Can You Generate Profits Trading from Home?
When it comes to stock market trading it PAYS to have more knowledge than the rest of the pack. Pure gold can be harvested in each profitable trade that you accomplish.

How Commodity Trading Differs from Stock Trading
There are major differences between trading stocks and trading futures. While stories of fortunes made or lost overnight on the futures markets are largely untrue, the futures trader, if using a sound trading system, can usually make more money on the futures market and make it much faster.

Could Penny Stocks be Your Ticket to Stock Market Success?
A penny stock is a stock that is not traded on a major exchange such as the NYSE, NSADAQ or AMEX It is usually traded over the Pink Sheets or OTC bulletin boards

The Perks Of Online Stock Investing
Getting into the stock market can be a fun and rewarding venture. For those who are unfamiliar with its ups and downs, the prospect can be a bit daunting though. Dealing with brokers can be a little frustrating. Some brokers are very easy to reach and will do a buyer's bidding no matter what.

Stock Market Speculation or Gambling. What is the Difference?
The art of speculating in one form or another has been around forever.

Trading Tips No 5: Stock Trading Curve Drawdown and Commitment
All stock trading and investing methods must deal with the inevitable drawdown from the most recent peak in one's stock trading curve to a bottom before reversing and making a new high. Seasoned systems traders are well familiar with the drawdown phenomenon and the importance of drawdown as a percentage of annual average returns in evaluating a trading system.

Stock Market History - A History Of The Market And What You Can Learn From It
Many people today want to know what the stock market history is, and how the market came into being. Also, others look up the market history to determine the historical stock prices, in order to gain an idea of how the overall price has generally performed, and to attempt to predict the future.

Virtual Financial Stock Market Predicts the Presidential Election Outcome
It's four months away from the Presidential elections. Who do you think will win? If you are a follower of TerrorXchange.com, you may already know. This virtual stock market allows users from all over the world to buy virtual stocks in world events and compare them to related events. Usually focusing on terror events, the Terror Exchange has created a "Race for the Whitehouse" to predict the outcome long before Election Day.

The Stock Market Investor's Worst Enemy
Every stock market investor faces one primal enemy. An enemy so perverse, it will drive thousands of investors from the stock market through its ability to defeat even the most practiced investment strategy.

The Stock Market Strategies
Is it possible for an investor to let others do the investment research (pay the taxes) yet participate as a free rider in the market anyway? Not quite.