Ten Commandments of Stock Market Trading
Ten Commandments of The Master Mind
5 Commandments of Entrepreneurship
Robert Kiyosaki’s 8 New Rules of Money
Ten Fundamental Laws of Economics
The Universal Laws of Business
17 Commandments of the Master Mind
30 Steps to Becoming a King
1. Never force a trade.
2. Write down or remember why you bought each stock in the first place.
3. Don’t sell one of your stocks right before an earnings announcement without good reason.
4. Diversify. But don’t over diversify. Have technology, a streaming company, miners, or a mining index, America 2.0, new retail outlets or restaurant chains. Have stocks in at least 4-5 different sectors.
5. I’d avoid a dividend only approach with little capital. Watch for dividend traps.
6. Know what you own and do your homework on stocks you buy daily.
7. Speculate with options.
8. Know what the numbers mean: P/E, EPS, free cash flow, P/B, etc.
9. The market is neither efficient nor is it rational.
10. Keep your head. Be ready for anything. There is no reward for panic selling. Don’t get big headed. Don’t be fooled by marketers, political activists, or fake news outlets.
1. Pay yourself first.
2. Work to learn.
3. Never chase.
4. You are never alone.
5. There is no excuse to be bored.
6. Have a plan.
7. Be wary of mind control and propaganda.
8. Turn paranoia on and off.
9. Keep your MasterMind group closed to outside influences.
10. Have bulletproof self-esteem.
From, The Black Book of the Master Mind 4th edition.
The success of a business can be predicted to the degree these five commandments have all been met.
1. The Commandment of Need
There must be a demand / need for your product or service. If your product is better, cheaper, or faster this enhances demand for customers in the industry / niche.
2. The Commandment of Entry
The cost required to enter a market must not be so low that absolutely anyone can do it.
3. The Commandment of Control
The entrepreneur must have control over all aspects of the business or be at the mercy of partners, landlords, vendors, hosting, payment processors, their bank, affiliate partners, distributors, etc. Affiliate marketers and MLM reps have very little control.
4. The Commandment of Scale
Scale deals with the ability to replicate the firm’s products either physically or digitally (mass production.) If scale cannot be achieved, magnitude (higher price) could compensate. Franchising can be used to achieve scale.
5. The Commandment of Time
If a business can function without the presence of the entrepreneur, this implies an adequate system is in place. If the entrepreneur must work 16 hour days, the commandment of time has not been met.
From the book, The Millionaire Fastlane, by MJ Demarco.
1. Money is knowledge. Become more financially literate than salespeople.
2. Learn how to use debt. Good debt puts money in our pockets and bad debt take away money from us. Hence, taking up good debts is a form of leverage, putting more money into our pockets. At the same time, we must avoid bad debts. Our bad debts make other people richer.
3. Learn how to control cash flow. The value of assets rise whenever money flows to them.
4. Prepare for bad times and you will only know good times. Dr. Kiyosaki gives the example of the Bible story of Joseph’s dream of seven bad years. (If you’re prepared for bad times this makes business expansion easier, as people will sell at fire sale prices.)
5. The need for speed. Don’t get paid by time (linearly). Get paid exponentially and from investments.
6. Learn the language of money. Have a rich person’s vocabulary, not a poor person’s vocabulary.
7. Life is a team sport, choose your team carefully. Tap the knowledge and resources of different experts who know you.
8. Since money is becoming worth-less and less, learn to print your own. Your money has to grow faster than inflation.
- Production precedes consumption.
- Consumption is the final goal of production.
- Production has costs.
- Value is subjective.
- Productivity determines the wage rate.
- Expenditure is income and costs.
- Money is not wealth.
- Labor does not create value.
- Profit is the entrepreneurial bonus.
- All genuine laws of economics are logical laws.
The Law of Purpose – The purpose of a business is to create and keep a customer.
The Law of Organization – A business organization is merely a conglomeration of people brought together for the common purpose of creating and keeping customers.
The Law of Customer Satisfaction – The customer is always right (until they are wrong.)
The Law of the Customer – The customer always acts to satisfy his or her interests by seeking the very most good at the lowest price.
The Law of Quality – The customer demands the very highest quality for the very lowest prices.
The Law of Obsolescence – What is, is already becoming obsolete.
The Law of Innovation – All breakthroughs in business come from innovation, from offering something better, cheaper, faster, newer, or more efficient in the current marketplace.
The Law of Critical Success Factors – Every business has 5 to 7 critical success factors, the performance of which determines the success or failure of the enterprise.
The Law of the Market – The market is where buyers and sellers of products and services meet to set prices and determine the allocation of money, labor, natural resources, and all factors of production.
The Law of Specialization – To succeed in a competitive marketplace, a product or service must be specialized and excellent at satisfying a clearly defined need of the customer.
The Law of Differentiation – A product must have an area of uniqueness that makes it stand out from its competitors if it is to succeed in the marketplace.
The Law of Segmentation – Companies must target specific customer groups or market segments if they aare to achieve significant sales.
The Law of Concentration – Market success comes from concentrating single-mindedly on selling to those customers for whom the products differentiation is the most valuable and important.
The Law of Excellence – The market always pays excellent rewards for excellent performance, excellent production, and excellent services.
(From, The Universal Laws of Success and Achievement, by Brian Tracy.)
To the best motivational quotes from almost all of history, see our old Quotes page. That’ll change your mindset like our motivational music videos pages will.
For more MBA principles and other practical topics, without the tuition and time away from work, see Escape the Matrix Collection on Amazon.
1) Become as self-reliant as possible to benefit from decentralization. You’re probably gonna have to aggressively stash cash for 5-20 years to have an F You fund. You also may have to become a jack-of-all-trades.
2) Concentrate on a few assets/investments and properly hedge them. Become somewhat of an expert before making a meaningful gamble. Read every issue of your investment newsletters.
3) Learn a little about a lot. (Kiyosaki)
4) Anticipate enemies to derelict their duties in order to bait, discredit, or discourage you. They’ll encourage you to do the wrong thing. It’s about politics. It makes no difference if you’re politically neutral or if you’re literally a saint or literally a prostitute. Don’t waste time repeating yourself for the new feudal lords. See 1st commandment.
5) Network, although networking isn’t working.
6) If you lack IQ and/or experience, follow your boss, advisor, and/or mentor carefully. Enemies will want to discredit your bosses, advisors, and mentors too.
7) Invest assets, time, and energy in the path of growth.
8) “Simulation confirmed.” Listen to well-reasoned paranoia, recently published official documents, and déjà vu. Of course, professor says no, just rely on the New York Times.
9) Write down any hard and fast “rules” that are up there with the 5 commandments and the law of effection. Use caution in crowdsourcing the validity of your rules you come up with.
10) “I have to stay retarded longer than they can stay solvent,” one guy said on Reddit. Reflect on that brilliance.
11) Lazy people will consistently try to circumvent rules, circumvent procedures, make a huge issue of each exception to the rule, and nitpick. They’ve waited a long time to be chosen as the boss. They don’t want to work. The new feudal lords can use them behind enemy lines, however.
12) Don’t do anything with “reality-jerkit-court of public opinion.” You can’t judge. You can’t have value. But the mafia gangsters and new feudal lords sure can. Don’t try to prove your worth in reality-jerkit-court or you’ll be dismantling your future. How could communism spread to the U.S.? It’s been in West Coast U.S.A. since the 1980’s. Allow the cucks to guide you away from speech and media regarding 1913.
13) Market makers could potentially mess up returns.
14) I wouldn’t have a stock portfolio made up of companies hoping to be taken over, dividend traps, companies with obsolete patents, and pseudo- government companies. If the market jumps, you’ll cry. (My opinion.)
15) UBI or vouchers for essential expenses should prevent riots over wealth inequality and keep homelessness under control.
16) Education is free because the student is the product.
17) Young and mentally competent college students may well come out of college and rather than be an industrial titan or a finance whiz, be a wet nurse, like the one in Atlas Shrugged. Something to think on. Look at how the wet nurse and Jim Taggart ended up at the end of Atlas. Cypress Hill anyone?
1) Work for yourself. Own income producing assets. Don’t be a wage slave.
2) Don’t worry about what other people think. It might be ok if you are feared. (Liu)
3) Be action oriented. Be vigilant in defending your kingdom and seizing opportunity.
4) Avoid bad debt.
5) Sacrifice short-term pleasure for long term results.
6) Write the rules. Find loopholes in existing rules.
7) You are not necessarily a slave to your subjects.
8) Avoid distractions from achieving your vision.
9) Be strategic, not random, compulsive or manic.
10) Maintain standards for yourself, your servants and your subjects.
11) Don’t be afraid to confront enemies. (Liu)
12) “A king conquers his fears and doubts.” (Liu)
13) “A king is a beacon.” (Liu)
14) Don’t bend over backwards to please people. (Liu)
15) Establish sovereignty. (Resources, arable land, insurance, a space force…)
16) A king takes full ownership of himself and his kingdom. (Liu)
17) You might need to outshine a master. (Drews)
18) Understand risk, scale, and limits to growth.
19) Maintain good health.
20) Hire the best teachers and coaches for your children. (Keep anti alphas away. They’ll want in.)
21) In building your kingdom, remember you could bear any difficulty necessary for a minute at a time. (Bilzerian)
22) Understand / know what various tests do to your brain. (What words cause panic, scarcity, fear, fight or flight, etc.)
23) When in considerable doubt ask yourself if there’s even a chance.
24) Loser, troll, marketer, wannabe gangster will approach you with no real business and try to get you to quit a solid course of action. Years later you’ll find them homeless.
25) Use a framework to make your own blueprint. (Lopez)
26) Your pronouns are “king/conqueror.” (Illimitable Man)
27) Remove parasites from your kingdom.
28) Don’t allow internal enemies. Keep foreign interests out.
29) Begin with the end in mind. (Covey)
30) Ascertain who sent strawman, detractor, saboteur, etc. to your kingdom.