Mark Minervini
A Conversation With
does something, it shows us the path, it shows us the way, and then we can do even better because we’re starting where they left off. So, that’s how I turned an eighth-grade education into a career and financial independence that I saw Paul Tudor Jones and some of these people who, while they were more educated than me, I realized that they’re just people and that I could learn from them and then I can start where they left off and maybe even become better. So, I think that’s the one thing that I can’t do for someone – no one can do. Like I said, if Michael Jordan is teaching you, if you don’t believe in yourself it doesn’t matter and you can have the best coach in the world, but you should believe in yourself because this is a great time to not only be a stock trader, but just a great time in general because of social media and all the information that we have. It’s amazing. It’s information overload, but if you sift through it, there’s amazing, amazing information. You’re able to learn directly from the people that wrote a piece of music... or played a particular instrument... or developed a stock strategy. At one time when I was a musician, we had to take the record and put the needle back 150 times to figure out a part. Now you go on YouTube and the person who wrote that part is teaching you. So, it’s a great time and it’s a great time to accomplish your dreams and go after your passion.
You’ll see that bear markets are from recessions and bull markets are when they have expansions. It’s just a matter of timing it, of course. Dan Ferris: I do have one more question... If you could leave our reader with one thought, in your case I’m really, really curious to know, what would that thought be? Mark Minervini: OK, well my one thought would be to believe in yourself because you can do anything that anyone else can do because we have brains and we can learn, and there’s precedence before us. When someone dissertation on all the reasons why and the underlying economy, but the bottom line is for the overall market, the market is going to go with the economy give or take several months. You’ll see that bear markets are from recessions and bull markets are when they have expansions. It’s just a matter of timing it, of course. a day. They wanted me on these shows, and they want to talk about that stuff. They want to talk about the unemployment data that came out today and what does that mean? And the Fed raised the discount rate. So, you’re forced to talk about that stuff. Everybody wants a reason. They don’t want to just hear over and over, “Well, I’m in the market because a lot of stocks set up and met my criteria and that’s why I’m in the market.” That doesn’t make for good radio or good TV, so you have to go and do this big
“”
72
March 2020
Made with FlippingBook - Online Brochure Maker