RULES OF “THE GAME”

1. Time horizon is one year, not one day

2. Sangfroid wins.  Equanimity is more important than anything else

3. Make my own decisions; listen to myself

4. When I sell a long, consider a 180 and shorting it (and vice versa)

5. Don’t buy a stock right ahead of an earnings call

6. Listen to analysts only for potential stock ideas- and do my own work

7. Don’t agree and don’t argue (when I differ in opinion)

8. Be humbly confident at all times.  Say “I got lucky this time”

9. Act without full information, while doing efficient work

10. Learn every day- build a new sheet - read filings- listen to calls

11. Don’t worry too much about what the crowd thinks 

12. Don’t waste too much time on big Macro

13. “Sometimes you have to let the other guy make some money too”

14. Worrying is not doing

15. Focus on The Game