Chapter 11 of The Swiss Secret to Optimal Health is all about your liver. And Dr. Rau opens with a fact that puts things in perspective real fast: if your liver stops working, you die within 24 hours.
If the market is a giant statistical calculator (as Larry Harris calls it), then Informed Traders are the data scientists providing the inputs. In Chapter 10, we look at the people who actually do the work to figure out what things are worth.
This chapter has one of the most quoted passages in the entire book, and it comes from the villain. When the bad guy delivers the most memorable line, you know Rand is doing something interesting.
Private equity used to be the quiet kid in the back of the finance classroom. Small groups of rich people pooling money together to buy companies, fix them up, sell them. Nobody outside the industry really cared. That changed. PE firms got huge, went public, and started buying companies the size of small countries. Chapter 6 of Demaria’s book asks the obvious question: is private equity going mainstream? And if so, what does that mean for everyone involved?
This is post 13 of 23 in a series on Systems Thinking: Managing Chaos and Complexity by Jamshid Gharajedaghi (ISBN: 978-0-7506-7973-2).
Previous: Real Rates - Simply Superior
So you know the big picture stuff about trading EM rates. You’ve got your frameworks, your carry analysis, your real rate models. But what do you actually do when stuff happens? When CPI prints hot, when a central bank drops a surprise, when a country gets added to a bond index, when an earthquake hits?
You have done your homework. You read the DDQ, you looked at the presentation, you reviewed the monthly letters, and the numbers did not scare you away. Now what?
Chapter 10 is about the most important thing markets do: make prices reflect reality. And it is about the people who make that happen. Informed traders.
Book: Beating the Street by Peter Lynch with John Rothchild | ISBN: 978-0-671-75915-5
Peter Lynch has a regular barber. His name is Vinnie DiVincenzo, he charges $10 for a haircut, and he throws in pleasant conversation for free. Lynch has never had a problem with Vinnie’s work.
In the last post, I covered why Dr. Rau designed the One-Week Intensive Cure and why he thinks it works better than fasting. Now let’s get into the actual plan. Chapter 10 of The Swiss Secret to Optimal Health lays out a day-by-day structure that’s surprisingly detailed, so here’s what seven days on this cure actually looks like.