A Dying Bankers Last Instructions

Discussion in 'Share Investing Strategies, Theories & Education' started by Redwing, 1st Jun, 2017.

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  1. Redwing

    Redwing Well-Known Member

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    Just finished reading the book

    A Dying Bankers Last Instructions

    When Wall Street veteran Gordon Murray told his good friend and financial advisor, Dan Goldie, that he had only six months to live, Dan responded, "Do you want to write that book you've always wanted to do?"
     
    Redwing, 1st Jun, 2017
    #1
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  2. Biz

    Biz Well-Known Member

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    Gordon Murray replied "No, *****! I want to design a successor to the Mclaren F1!"
     
    Last edited: 1st Jun, 2017
    Biz, 1st Jun, 2017
    #2
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  3. datto

    datto Well-Known Member

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    I thought Dan would confess to having an affair with Gordon's wife.
     
    datto, 1st Jun, 2017
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  4. Coota9

    Coota9 Well-Known Member

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    Or daughter
     
    Coota9, 1st Jun, 2017
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  5. datto

    datto Well-Known Member

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    Or both.
     
    datto, 1st Jun, 2017
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  6. Redwing

    Redwing Well-Known Member

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    No such Happy Endings
     
    Redwing, 1st Jun, 2017
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  7. Pier1

    Pier1 Well-Known Member

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    "Sell your winners and buy more of your losers"
    Interesting plan.............not too sure I would have that in my top 5 investing plan
     
    Pier1, 2nd Jun, 2017
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  8. The Falcon

    The Falcon Well-Known Member

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    Pretty standard portfolio management for an asset allocator, who is slicing and dicing assets (refer Paul Merrimans ultimate buy hold portfolio as a guide for what this looks like) reduces volatility and tilts to value factor. Obviously not without tax consequences in a taxable account, so way better to rebalance "from the bottom" with cash inflows rather than trim the top imho.
     
    The Falcon, 2nd Jun, 2017
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  9. Redwing

    Redwing Well-Known Member

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    I agree :D
     
    Redwing, 2nd Jun, 2017
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  10. Zenith Chaos

    Zenith Chaos Well-Known Member

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    I think he meant rebalancing, rather than selling CBA and buying a 2 cent mining share.
     
    Zenith Chaos, 2nd Jun, 2017
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  11. Redwing

    Redwing Well-Known Member

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    Sell high, buy low wouldn't make your top 5 :D
     
    Redwing, 15th Jun, 2017
    #11
  12. LifesGood

    LifesGood Well-Known Member

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    At once
     
    LifesGood, 15th Jun, 2017
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