Resolved, that in the coming year, that:
- I will not alienate my friends and antagonize my family by reminding the world on every possible occasion how right I was about the upturn – or downturn – in steels, motors, airlines, or whatever.
- When I buy a stock I will not mobilize all the good news to make it look pretty. I will try to consider both the favorable and unfavorable angles as impartially as I know how.
- I will not close out a stock position that is doing well by me for no other reason than that I have a profit. I will not cut short my gains in a good situation.
- I will not hang on to a stock that is persistently going against me. I will limit my loss, and close out any position that seems to have gone really bad before I am in danger of serious trouble.
- I will not be swayed or panicked by news flashes, rumors, tips, or well-meant advice.
- I will not put all my eggs in one basket, nor will I be swept off my feet to plunge into some unknown or low-priced stock on a purely emotional basis.
- I will not attempt to tell the market what a stock ought to be worth. I will try to understand what the market has to tell me about what people are willing to pay for it.
- I will never forget that I am not in the market primarily to prove – to my broker, my friends, my wife, etc. – that I am smarter than everybody else, but to protect and if possible to augment my capital.
Good advice for everyone!
And a happy, healthy, prosperous and safe New Years to you all . . .
It’s year’s end, and that means list time.
Most of the listed items are nanoseconds old. And while that’s de rigueur for someone who does that professionally, it has little correlation to the lives the rest of us lead. Gotta job, family, obligations? Then you probably don’t get to listen to hundreds of new releases each year. Good luck then, making an intelligent top 10 list.
Movies? The days of waiting on line opening night are long since gone for this old man. A majority of the films I ended up renting, buying or pay-per-viewing this year were not 2004 releases. Wanna make a helpful list for me? Tell me the best stuff on HBO next weekend; Knowing 2004′s most critically acclaimed Eastern European documentaries is of little use for most people.
OK, rant over. Here’s a different kind of top 10 list; these favorite CDs are what actually got listened to in 2004. While a few of these came out this year, that wasn’t a requirement. These are what actually spent the most time this year on the iPod or in the CD player of a person with a job and an ever decreasing amount of spare time.
The task was made infinitely easier by iTunes, which shows me the chronological order of when CDs were ripped, and purchases made via ITMS, or downloads via a P2P service, as well as the number of plays each song got. Incidentally, the correlation between my downloaded P2P tunes and subsequent CD purchases is extremely high; I’ll bet others have had similar experiences. Don’t expect an RIAA study looking into that phenomenon anytime soon . . .
Anyway, on to the top 10 list:.
~ ~ ~
Roman Candle’s debut is a joyful assortment of finely crafted pop
tunes. If FM Radio didn’t suck, this is the sort of music you would be
hearing on it right now. Finely crafted lyrics mated to delightful
melodies delivered by a tight power pop five-some in a surprisingly
slick production. Like nearly all the discs on this list, this one is
really good from start to finish.
Why didn’t you ever hear of these guys? Roman Candle hails from Chapel Hill, North Carolina, and signed with an independent label. No payola, no Clearchannel — and no radio play.
Roman Candle Says Pop
Bonus: I discovered Roman Candle through BBC 2’s Bob Harris Check him out.
~ ~ ~