Market Sorcery – Apprentice Guest Post
As a follow up to my Financial Forecast post, one of my apprentices decided to do a guest post and talk a bit about about how he uses Sorcery as an investor and business person.
Most of what I write about is aimed at people who want a comfortable and stable financial situation. Here is advice from someone who uses it for much more than that:
“I have been a vice president at a Fortune 500 company. Today I am an entrepreneur, business owner, investor and professional money manager. Over the course of my career I have done several billion dollars worth of financial transactions.
I use sorcery at the macro level to aid me in reaching my specific goals by smoothing difficulties, defeating competition, improving relations with others, and sometimes for giving momentum to new projects. I have been hit with specific business ideas while chanting the mantra of certain wealth deities.
I never use divination to make investment decisions. My skill and knowledge of investments and the markets is far more reliable than my skill with any form of divination.
If a person wants to learn to trade they need to invest the time and energy into it just like any other discipline such as sorcery or martial arts or music, etc. As you often like to point our, first the working; then the work. Sorcery can be used to support this learning and even the actual practice, but it is not a substitute for doing the work. Anyone that thinks otherwise is living in a fantasy world.
For those that just want to know a little more at a high level, start with this: http://www.amazon.com/Journal-
For those that are kind of interested in trading and will likely only read one book, read this one which I had mentioned to you the last time we talked: http://www.amazon.com/Trading-
This is a great book. It is clear, concise and easily understood.
For those who look at the markets as a fascinating puzzle to be figured out and are passionate about learning to trade, go read the same books that the pros do. Specifically, work your way through the reading list for the CMT program: http://www.mta.org/eweb/
Click on the links for the recommended reading lists. If you are not passionate about the markets and trading, figure out how to start a business instead, which is a different set of recommended reading.
For those that want to go pro in an investment related field, skip the MBA and do the CFA program. The CFA program is around $4-$5 K all in vs. somewhere from $30 – $100 K+ for an MBA. The CFA is also a globally known and respected program, while unfortunately MBAs are a dime a dozen particularly if you get it from BFE State vs. one of the Ivy’s. Be aware that the CFA program is much harder than doing an MBA and will require a very real minimum 2 to 3 year commitment.
One more thought – for the person looking to get their first entry level position as a corporate number cruncher, read the following book and do all the exercises: http://www.amazon.com/
For $100 and some quality time spent with Excel a person can have a better set of marketable skills than your average newly minted MBA.
I hope this is helpful!
– Sorcerer’s Apprentice
