![]() ![]() Us investors are like the kids at Lake Wobegon, we are all above average. Although, not many would ever be able to look themselves in the mirror and acknowledge they have poor investor temperament so it takes careful self-examination. If you have number 1 but not number 2, you’re probably doomed. Knowing the nuts and bolts of constructing a well diversified efficient portfolio.Investing successfully can be boiled down to two main points: Or better yet, in the movie Dodgeball when Ben Stiller gets an electric shock every time he touches a donut. Ulysses made the free decision to bind himself from making a terrible decision that would inflict harm upon himself.Ī modern day example would be the party attendee that gives their car keys to their friend at some point in the night and says “Don’t give these back to me no matter what”. The agreement Ulysses had with his sailors is commonly referred to today as a Ulysses contract. They tied him up tighter, and no matter how much he begged they would not release him. He ordered them not to untie him under any circumstances.Īs they sailed past the island, Ulysses heard the Sirens enchanting music and demanded that his sailors untie him. Ulysses wanted to hear the beautiful music though, so Circe suggest that he have his sailors tie him down. Circe advised that all of the sailors fill their ears with beeswax so they are not drawn in by the enchanting music. ![]() The Sirens were dangerous creatures who lured nearby sailors with beautiful music and singing, to shipwreck on the rocky coast of their island. Along the way, he had an extended visit with the witch-goddess, Circe, who advised him on the remaining stages of his journey.Ĭirce warned Ulysses of an island near Scylla which is home to the Sirens. After the Trojan War, Ulysses had a long journey back to Ithaca. Ulysses (Greek name Odysseus) was the Greek King of Ithaca and the hero of Homer’s Odyssey.
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