The Jademaster

Most people would agree that money doesn't come and stay with you easily. But when the lure of a booming stock market beckons, most people just jump headlong into it. For anyone interested in the stock markets, a list of recommended books to study, is sure to feature three books by Jack D. Schwager -----Market Wizards, New Market Wizards and Stock Market Wizards. In these books, Jack Schwager interviews top traders in the financial markets about their backgrounds, experiences, and techniques.

Today we bring to you, a very short but inspiring story from the book "New Market Wizards by Jack Schwager"

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Whether you are interested in financial markets or not, you will like the story. It is titled "The Jademaster".

"One cold winter morning a young man walks five miles through the snow. He knocks on the Jademaster's door. The Jademaster answers with a broom in his hand.
"Yes?"
"I want to learn about Jade."
"Very well then, come in out of the cold."
They sit by the fire sipping hot green tea. The Jademaster presses a green stone deeply into the young man's hand and begins to talk about tree frogs. After a few minutes, the young man interrupts.
"Excuse me, I am here to learn about Jade, not tree frogs."
The Jademaster takes the stone and tells the young man to go home and return in a week. The following week the young man returns. The Jademaster presses another green stone into the young man's hand and continues the story. Again, the young man interrupts. Again, the Jade¬master sends him home. Weeks pass. The young man interrupts less and less. The young man also learns to brew the hot green tea, clean up the kitchen and sweep the floors. Spring comes.

One day, the young man observes, "The stone I hold is not genuine Jade."

* * *
I lean back in my chair, savoring the story. My student interrupts.
"OK. OK. That's a great story. I don't see what it has to do with making money. I come to you to find out about the markets.
I want to learn about the bulls and the bears, commodities, stocks, bonds, calls and options. I want to make big money. You tell me a fable about Jade. What is this? You..."
"That's all for now. Leave those price charts on the table. Come back next week."
Months pass. My student interrupts less and less as I continue the story of The Trader's Window".
—from The Trader's Window,
ED SEYKOTA"

From the book "New Market Wizards by Jack Schwager"

Just by the way, those who are interested in the financial markets, must read Mr. Ed Seykota's interview in "Market Wizards by Jack Schwager", to have a brush with sheer, unadulterated genius.

Readnsurfing is Fun. Enjoy !!!