Category: Financial

By Scott Welsh

“Only if you are willing to take all of your money, rip it into tiny pieces, make cupcakes with one piece of money inside each cupcake and then eat all of the cupcakes.”

–James Altucher, when answering the question, “Should I daytrade?”

Several years ago, one of my highly-ranked students was trying to decide on where to go to college. Even though she had won state titles and had a good ranking, tennis pros in town said that she’d never play big-time tennis because she was too small and played too defensively. At the same time, I would consistently overhear parents telling each other that my student didn’t play the “big game”, the only game that works in college tennis. A local Big Ten coach even told her she was stupid to consider Northwestern (ranked in the top 5 in the nation) because she’d never even make their lineup.

[ Read The Whole Blog Post ]