Business or Entertainment.

CEO of Behance says:

At the end of every meeting, go around and review the action steps each person has captured.
The exercise takes less than 30 seconds per person, and it almost always reveals a few action steps that were missed.
The exercise also breeds a sense of accountability. If you state YOUR action steps in front of YOUR colleagues, then YOU are likely to follow through.

(from http://www.businessinsider.com/)

My Notes:

For Traders, we should rephrase this advice. After every TV viewing session, sum up the action plan that you have captured. The purpose of spending so much time is to get some actionable ideas. So, write those ideas down. Then you will realize if the time was spent on business (actionable ideas obtained) or on entertainment (did not understand what the program was telling me!).

 Buying after blood in the streets

[Added: I have a poll going, just look at the right side column, and please vote]

from : http://blogmaverick.com/2010/08/20/the-stock-market-is-still-for-suckers-and-why-you-should-put-your-money-in-the-bank/

Quote
I’m not saying you should get out of the stock market. What I am saying is that it is not a bad thing to accumulate cash right now. Retention of capital is a good thing. Don’t go chasing stocks. Something is going to give in this market. Like I said, I dont know what it is, but I want to have as much capital available as possible for when it happens.

Baron Rothschild said “the time to buy is when there is blood in the streets”, Warren Buffet said it differently when he said ” you pay a very high price in the stock market for a cheery consensus”

This is the time to start saving for a “bloody day”. There will be a time when capital regains its scarcity. When it becomes more expensive. When it does , what do you want to have in as great an amount as possible ? Capital.

So save your money. Pay off your credit cards. Put your money in the bank where it is insured. Be patient. Get a good nights sleep knowing that your money is not going any where and just wait till your capital is in demand and you get paid for it. When everyone is complaining about the money they lost, you will be ready to step in and buy.
That is how fortunes are made. Having money when no one else does. And you can take that to the bank !