205 years ago today, Napoleon Bonaparte died on a tiny British prison island in the middle of the South Atlantic. He was 51. He had ruled most of Europe. And he changed the world so thoroughly that you are still living inside the systems he built.
Start with the obvious one. The Napoleonic Code. He commissioned it in 1800, sat in on the drafting sessions personally, argued with the lawyers, and pushed it through in four years. Equality before the law. Property rights. Religious freedom. The end of feudal privilege. It is still the basis of civil law in France, Belgium, the Netherlands, Italy, Spain, Portugal, most of Latin America, Quebec, Louisiana, and chunks of the Middle East and Africa. About a third of the planet writes contracts using rules a Corsican artillery officer wrote between battles.
He sold Louisiana to Thomas Jefferson in 1803 for 15 million dollars. Roughly four cents an acre. It doubled the size of the United States overnight. Without that deal there is no St. Louis, no New Orleans as an American city, no Lewis and Clark, no Manifest Destiny. The American century starts with Napoleon needing cash for a war.
He invaded Egypt in 1798 with an army and, weirdly, 167 scientists, mathematicians, and artists. They found the Rosetta Stone. That single slab is the reason we can read hieroglyphs at all. Egyptology as a field exists because Napoleon brought scholars to a war.
He built the Bank of France, which still runs French monetary policy. He created the lycée system that still educates French teenagers. He shoved the metric system across Europe at sword-point until it stuck. He emancipated the Jews of every territory he conquered, tearing down ghetto walls in Rome, Venice, Frankfurt. He abolished serfdom in Poland. He standardized road networks, civil registries, and tax codes that European governments still operate from.
And then there's the soldiering. He fought around 60 major battles and won most of them. Austerlitz, in 1805, against the combined Russian and Austrian empires, is still taught at West Point as one of the closest things to a tactically perfect battle ever fought. He was outnumbered, baited the enemy onto ground he had pre-selected, and broke them in a single afternoon. Three emperors took the field that morning. Only one walked off it on his own terms.
He slept four hours a night. He read constantly, dictated letters to four secretaries at the same time, and personally signed off on everything from cavalry boot specs to the seating chart at the Comédie-Française. Wellington, the man who finally beat him at Waterloo, was asked decades later who the greatest general in history was. He answered without hesitating. "In this age, in past ages, in any age, Napoleon."
He lost, in the end, because he could not stop. Russia in 1812 swallowed his army whole. Six hundred thousand men marched in. Maybe a tenth came back. He abdicated in 1814, escaped from Elba, ruled France again for 100 days, and lost it all for good in a wheat field in Belgium in June 1815.
The British shipped him to St. Helena, a volcanic dot 1,200 miles off the African coast, and waited. He spent six years there dictating his memoirs, gardening, complaining about the dampness, and quietly rewriting his own legend so effectively that Europe spent the next century arguing about him.
He died on May 5, 1821, during a storm so violent it ripped up the willow tree he liked to read under. His last words trailed off into fever. France. The army. Joséphine.
Nineteen years later France brought him home. Two million people stood in the snow to watch the coffin go by.
He was a tyrant. He was a reformer. He started wars that killed somewhere between three and six million people. He also wrote the rulebook that a third of humanity still lives under.
Most people who try to conquer the world are forgotten inside a generation. Napoleon has been dead for 205 years and we are still arguing about him because we are still using his furniture.
Jesse, Steve, Laddy, and Vlad….such an incredible feeling to welcome you aboard Integrity after a nearly 700,000 mile journey. Forever thankful for your service to our crew and the nation.
I want to be clear. I do not actually think Trump is going to vaporize Iran tonight at 8pm. But I do think that any president making such a threat publicly for bargaining should be impeached and removed.
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“Most traders make money only in the 50 to 55% range. That means you’re going to be wrong a lot. If that’s the case, you better make sure your losses are as small as they can be, and that your winners are bigger.” - Steve Cohen
Market Wizard Linda Raschke’s 12 Technical Trading Rules:
1. Buy the first pullback after a new high. Sell the first rally after a new low.
2. Afternoon strength or weakness should have follow through the next day.
3. The best trading reversals occur in the morning, not the afternoon.
4. The larger the market gaps, the greater the odds of continuation and a trend.
5. The way the market trades around the previous day’s high or low is a good indicator of the market’s technical strength or weakness.
6. The previous day’s high and low are two very important “pivot” points, for this was the definitive point where buyers or sellers came in the day before. Look for the market to either test and reverse off these points, or push through and show signs of continuation.
7. The last hour often tells the truth about how strong a trend truly is. “Smart” money shows their hand in the last hour, continuing to mark positions in their favor. As long as a market is having consecutive strong closes, look for up-trend to continue. The up trend is most likely to end when there is a morning rally first, followed by a weak close.
8. High volume on the close implies continuity the next morning in the direction of the last half-hour. In a strongly trending market, look for resumption of the trend in the last hour.
9. The first hour’s range establishes the framework for the rest of the trading day.
10. A greater percentage of the day’s range occurs in the first hour then was the case in the past, and thus it has become increasingly important to trade aggressively if there are early signs of a strong trend for the day.
11. There are four basic principles of price behavior which have held up over time. Confidence that a type of price action is a true principle is what allows a trader to develop a systematic approach.
This new post outlines what it takes to make--and sustain--changes in our lives and in our trading. Emotion places our change efforts in motion; new checklists or reviews, by themselves, won't inspire sustained change: https://t.co/aVcSZzZdc8