trading isn’t hard BUT what is hard is managing your emotions during the midst of chaos
fighting demons and trying to conquer this game will have you feeling lost
trader to trader that shit will pass once you control your own emotions
I don’t care what anyone says: people who genuinely feel good about themselves are not out here tearing others down unprovoked. That’s a weak bitch sport.
Men usually say physical touch because they stop receiving physical affection around 12. Unless a dude is intimate with someone, chances are he does receive any type of physical touch throughout the day. Why yall think black men in particular dap up they friends 15 times a convo?
A British CEO called his own products "total crap" in front of 6,000 of Britain's most powerful businesspeople and wiped £500 MILLION off his company's value within days.
– Gerald Ratner joined his father's small struggling jewellery business in 1965 at the age of 15 after being expelled from school for being "too stupid."
– He spent years learning the business from the ground up then took over as CEO in 1984.
– In 7 years he grew it from 130 stores to over 2,500 stores across the UK and US capturing 50 percent of the UK jewellery market and building a £1 BILLION empire.
– His strategy was simple. Forget prestige. Sell cheap Earrings for £1, Rings for £20. Jewellery for the working class.
– On April 23 1991 he was invited to speak at the Royal Albert Hall in front of 6,000 of the most powerful businesspeople and journalists in Britain.
– The speech was going well. Then someone asked how he sold products so cheaply.
– He said "Because it's total crap."
– Then he told them one of his earring sets cost less than a prawn sandwich from Marks and Spencer and that the sandwich would probably last longer.
– Minor royals in the front row were laughing. The whole room was laughing.
– The next morning every newspaper in Britain led with the same story.
– Within days the company's share price dropped £500 MILLION.
– Customers stopped walking into his stores. By end of 1991 the stock was down 80 percent.
– Hundreds of locations closed, thousands of jobs gone. The debt owed to 65 banks around the world hit £1 BILLION.
– McKinsey were called in. They said there was no solution.
– He was fired as CEO in November 1992 by the chairman he himself had hired to save the company.
– The company rebranded entirely as Signet Group in 1993 just to survive.
– The phrase "doing a Ratner" now exists in the English language to mean destroying everything you built in one moment of honesty.
The company he was fired from is today the largest diamond retailer in the world. It owns Kay Jewelers, Zales, and Jared.