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Words had become overnight just little coins, insignificant and unfreighted, to be exchanged for ribbons, buttons, for an apple or an egg.
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Jo Baker (Longbourn)
“
So we introduced a token system.9 The children were given ten tokens at the beginning of the week. These could each be traded in for either thirty minutes of screen time or fifty cents at the end of the week, adding up to $5 or five hours of screen time a week. If a child read a book for thirty minutes, he or she would earn an additional token, which could also be traded in for screen time or for money. The results were incredible: overnight, screen time went down 90 per cent, reading went up by the same amount, and the overall effort we had to put into policing the system went way, way down. In other words, non-essential activity dramatically decreased and essential activity dramatically increased. Once
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Greg McKeown (Essentialism: The Disciplined Pursuit of Less)
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Habits don’t just happen overnight. If a habit takes 30 days to form, then those 30 days will tell you a lot about your commitments. Are you cutting down on your Starbucks habit so that you can read Scripture in the morning before work? Or are you routinely hitting snooze and falling off your exercise program 10 days in? We all have the same 24 hours in a day, and have to make choices about we’re using our time. We make trade-offs based on what we deem most important at the time—for better or for worse.
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Jarrid Wilson
“
At one point, we had become concerned with how much screen time had crept into our family. Between television, computers, tablets, and smart phones it had become just too easy for the children to waste time on nonessential entertainment. But our attempts to get them to change these habits, as you can imagine, were met with friction. The children would complain whenever we turned the TV off or tried to limit their “screen time.” And we as the parents had to consciously police the situation, which took us away from doing things that were essential. So we introduced a token system.9 The children were given ten tokens at the beginning of the week. These could each be traded in for either thirty minutes of screen time or fifty cents at the end of the week, adding up to $5 or five hours of screen time a week. If a child read a book for thirty minutes, he or she would earn an additional token, which could also be traded in for screen time or for money. The results were incredible: overnight, screen time went down 90 percent, reading went up by the same amount, and the overall effort we had to put into policing the system went way, way down. In other words, nonessential activity dramatically decreased and essential activity dramatically increased.
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Greg McKeown (Essentialism: The Disciplined Pursuit of Less)
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we asked the options exchange to let our traders use programmed hand calculators on the floor. Our request was denied. The newcomers were not to have an advantage over the established old-time traders. We then asked for the next best thing, to be allowed to communicate by walkie-talkies with our floor traders. Denied. It reminded me a bit of what I had run into in Las Vegas with card counting. We then supplied our floor traders with printed trading tables that covered the ever-growing number of listed options. These were run off overnight on our high-speed printers and express-mailed to our offices in Princeton and Chicago. That served nearly as well as hand calculators would have.
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Edward O. Thorp (A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market)
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A man lived by the side of the road and sold hot dogs. He was hard of hearing, so he had no radio. He had trouble with his eyes, so he read no newspapers. But he sold good hot dogs. This man put up signs on the highway advertising his wonderful hot dogs. He stood on the side of the road and cried, “Buy a hot dog, Mister?” And people bought his hot dogs. He increased his meat and bun orders, and he bought a bigger stove to take care of his trade. He made enough money to put his son through college. Unfortunately, the son came home from college an educated pessimist. He said, “Father, haven’t you been listening to the radio? Haven’t you been reading the newspaper? There’s a big recession on. The European situation is terrible, and the domestic situation is worse.” Whereupon the father thought, “Well, my son’s been to college. He reads the paper and he listens to the radio; he ought to know.” So the father cut down his meat and bun orders, took down his signs, and no longer bothered to stand out on the highway to sell his hot dogs. Of course, his sales fell overnight. “You’re right, son,” the father said to the boy. “We certainly are in the middle of a big recession.” Confidence
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John C. Maxwell (Be a People Person: Effective Leadership Through Effective Relationships)
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Our cities have constructed elaborate expressways and elevated skyways, and white Americans speed from suburb to inner city through vast pockets of black deprivation without ever getting a glimpse of the suffering and misery in their midst.
But while so many white Americans are unaware of conditions inside the ghetto, there are very few ghetto dwellers who are unaware of the life outside. Their television sets bombard them day by day with the opulence of the larger society. From behind the ghetto walls they see glistening towers of glass and steel springing up almost overnight. They hear jet liners speeding over their heads at six hundred miles an hour. They hear of satellites streaking through outer space and revealing details of the moon.
Then they begin to think of their own conditions. They know that they are always given the hardest, ugliest, most menial work to do. They look at these impressive buildings under construction and realize that almost certainly they cannot get those well-paying construction jobs, because building trade unions reserve them for whites only. They know that people who built the bridges, the mansions and docks of the South could build modern buildings if they were only given a chance for apprenticeship training. They realize that it is hard, raw discrimination that shuts them out. It is not only poverty that torments the Negro; it is the fact of poverty amid plenty. It is a misery generated by the gulf between the affluence he sees in the mass media and the deprivation he experiences in his everyday life.
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Martin Luther King Jr.
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So we introduced a token system.9 The children were given ten tokens at the beginning of the week. These could each be traded in for either thirty minutes of screen time or fifty cents at the end of the week, adding up to $5 or five hours of screen time a week. If a child read a book for thirty minutes, he or she would earn an additional token, which could also be traded in for screen time or for money. The results were incredible: overnight, screen time went down 90 percent, reading went up by the same amount, and the overall effort we had to put into policing the system went way, way down. In other words, nonessential activity dramatically decreased and essential activity dramatically increased. Once a small amount of initial effort was invested to set up the system, it worked without friction.
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Anonymous
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This may seem absurd – after all, the motives are good. But you may also wish to remember the parable of the cooked frog. When dropped into boiling water, the frog jumped out and fled – scalded, but alive; when dropped into a slowly heating pot, the frog stayed put until it was too late. And the cook had boiled frog for dinner. It is rare for freedoms to be lost overnight. Instead, they are traded away, piece by piece, until it is too late. -Professor Leo Caesius, Authority, Power and the Post-Imperial Era
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Christopher G. Nuttall (Semper Fi (The Empire's Corp's, #4))
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Rule 3: Day traders do not hold positions overnight. If necessary, you must sell with a loss to make sure you do not hold onto any stock overnight.
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AMS Publishing Group (Intelligent Stock Market Trading and Investment: Quick and Easy Guide to Stock Market Investment for Absolute Beginners)
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Good neighbors: The successful export-driven development of Taiwan, South Korea, and especially Japan gave Chinese policymakers an easy-to-follow template for industrial development. • Hong Kong: When China started its reforms, Hong Kong was already a world-class port and trading hub with modern legal and financial systems. This gave Chinese manufacturers quick access not only to global trade routes but also to much of the “soft” infrastructure needed for a modern economy.5 • Timing: China was fortunate to open up to trade just at the moment when the shipping container, invented in the 1950s, was beginning to make possible the creation of global production chains, spanning multiple countries, through steep reductions in long-distance shipping costs. • A “killer app”: By the late 1980s, culturally similar Taiwan had established a sophisticated electronics industry, which moved en masse to China in the late 1990s, creating a world-class electronics manufacturing base almost overnight.
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Arthur R. Kroeber (China's Economy: What Everyone Needs to Know)
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Repo is the oil that lubricates the engine of the financial markets. It keeps it running smoothly; it’s the plumbing of the financial system. You might even say it’s the oil that lubricates the engine of the entire economy. Here are some important characteristics of the Repo market: In one respect, Repo is a popular instrument for short-term cash investments for institutional investors, with “short-term” meaning from overnight through one year. It’s an ultra-safe investment. It’s an investment collateralized with a Treasury security at a competitive market rate of interest. In another respect, Repo is a mechanism for market participants to cover short sales of U.S. Treasurys. This is a big part of the Repo market and arguably the most interesting part. In another respect, it provides collateralized funding for large leveraged investors. OK, let’s just get this said up front. Yes, the Repo market is the way hedge funds can highly leverage their trading positions. More on this later.
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Scott E.D. Skyrm (The Repo Market, Shorts, Shortages, and Squeezes)
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The 1970s was a decade marked by runaway inflation and the Fed’s attempt to control that inflation. Early in the decade, short-term interest rates spiked in 1973-1974, reaching a high of 14% as the U.S. went off the gold standard and was hit with an oil embargo. Where banks were now allowed to pay 3.00% interest on savings accounts, overnight Repo rates were trading between 10% and 20%. Institutional investors were obviously attracted to the high rates in the Repo market and flocked to get in. Many more large corporations amended their investment rules to allow them to invest in Repo, bringing even more cash investors into the market.
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Scott E.D. Skyrm (The Repo Market, Shorts, Shortages, and Squeezes)
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Let’s say there was a slight shortage of liquidity (cash) in the system and the fed funds rate was trading a little high at 5.3125% (5 5/16%), instead of the target rate of 5.25%. The Fed would enter the market, announce an operation, and borrow securities from the market. By taking securities out of the market, it put cash into the market. Securities come out and cash goes in. Now, let’s say the fed funds rate was trading at 5.1875% (5 3/16%) with the same target rate of 5.25%. The Fed would execute the opposite transaction. Because there was a little excess liquidity in the system, they would loan securities into the market, taking cash out. These Open Market Operations are more fine-tuning of overnight rates, but there were plenty of times when the actual fed funds rate deviated from the target rate by much more than a sixteenth.
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Scott E.D. Skyrm (The Repo Market, Shorts, Shortages, and Squeezes)
“
The children were given ten tokens at the beginning of the week. These could each be traded in for either thirty minutes of screen time or fifty cents at the end of the week, adding up to $5 or five hours of screen time a week. If a child read a book for thirty minutes, he or she would earn an additional token, which could also be traded in for screen time or for money. The results were incredible: overnight, screen time went down 90 per cent, reading went up by the same amount, and the overall effort we had to put into policing the system went way, way down. In other words, non-essential activity dramatically decreased and essential activity dramatically increased.
”
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Greg McKeown (Essentialism: The Disciplined Pursuit of Less)
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Trade the dream of overnight success for slow, measured growth. It’s hard, but you have to be patient. You have to grind it out. You have to do it for a long time before the right people notice.
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Jason Fried (ReWork)
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Then Whelk’s mother had called and told Whelk that his father had been arrested for unethical business practices and income tax evasion. It turned out the company had been trading with war criminals, a fact his mother knew and Whelk had guessed, and the FBI had been watching for years. Overnight, the Whelks lost everything.
It was in the papers the next day, the catastrophic crash of the Whelk family fortune. Both of Whelk’s girlfriends left him. Well, the second one was technically Czerny’s, so perhaps that didn’t count.
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Maggie Stiefvater (The Raven Boys (The Raven Cycle, #1))
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So we introduced a token system.9 The children were given ten tokens at the beginning of the week. These could each be traded in for either thirty minutes of screen time or fifty cents at the end of the week, adding up to $5 or five hours of screen time a week. If a child read a book for thirty minutes, he or she would earn an additional token, which could also be traded in for screen time or for money. The results were incredible: overnight,
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Greg McKeown (Essentialism: The Disciplined Pursuit of Less)
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Trading is not easy, and it takes years of conscientious practice to master the necessary skills. It also takes developing positive habits to succeed in trading. There is no shortcut to this, and no one should dream about getting rich overnight by stepping into the trading business.
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Jody Samuels (The Trader's Pendulum: The 10 Habits of Highly Successful Traders (Wiley Trading))
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As countries move from fossil fuel power generation to cut carbon dioxide emissions, solar power is gaining market share around the world. Germany, thanks to a decade of generous subsidies, has more installed solar power capacity than any other country. But large coal- and gas-fired plants still have at least one big advantage over solar panels — they cannot be uprooted and carted away. As German solar supply has increased, so has the theft of panels, cables and inverters. “Solar theft continues to increase, despite the measures taken to prevent it,” says Frank Fiedler, chief executive of SecondSol, an online trading platform for solar products that has documented scores of such cases on a website. “Thieves are able to escape with thousands of euros worth of equipment.” Although panels sometimes disappear from residential rooftops, large solar parks are the main target. These tend to be situated outside built-up areas where organised gangs can pull up in lorries, work unobserved overnight and then make their escape. Losses sometimes reach as much as €500,000, Germany’s federal criminal police office says. It warns that solar panels are “often insufficiently [protected] or not secured at all”.
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Anonymous
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So I want to be clear: Andy Card and I have known each other since the 1980s, though age separated us, and most of my time was spent with his younger brother. What’s more, Andy’s a good political player. Come election time, what with my mother’s growing media empire in the wilds of Alaska—and her ties to the good and honorable Senator Stevens—it just made sense that Andy Card would make a special nod to our family in Alaska. Perceptions to the contrary would be grossly inaccurate. After I warned about the 1993 World Trade Center attack, and started working as an Asset, I had to distance myself from Andy, who had national political aspirations after all. Our need for distance ended overnight when President-elect George Bush, Jr. named Andy to serve as White House Chief of Staff. At that point, my background was fully revealed, all cards on the table, when I approached him in December, 2000 about our back channel talks to resume the weapons inspections in Iraq. I expected Andy to be surprised. But I was at the top of my game. I had accomplished many good things involving Libya and Iraq, with special regards to anti-terrorism, through a decade of perseverance and creative strategizing. I expected a man like Andy Card to be proud of my actions. A man who brags to his friends about his outstanding devotion to my field of work should be fiercely proud that one of his own family has been on the cutting edge of it for a decade. When you do the work I have done, you don’t apologize for communicating with the Chief of Staff to the President of the United States of America. At the end of the conversation, you expect him to say thank you. Think about it. I was a primary source of raw intelligence on Iraq and Middle Eastern anti-terrorism overall. I enjoyed high level access to officials in Baghdad and Libya. It was extremely valuable for the White House Chief of Staff to have first-hand access to major new developments inside Iraq. Given my status as an Asset—and his— it was entirely appropriate for him to receive these debriefings. That was part of his job. No doubt that’s why Andy Card never suggested I should break off communications with Iraq— or that I should stop providing him with my insider’s analysis of breaking developments in Baghdad. All of which makes our end so galling.
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Susan Lindauer (EXTREME PREJUDICE: The Terrifying Story of the Patriot Act and the Cover Ups of 9/11 and Iraq)
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Wrath bared his fangs. “John, as God is my fucking witness, I will cut you if you don’t—”
“Easy, there, big guy,” V gritted out. “I’m going to translate. You want to hit the library where we can—”
“No, I want to fucking know where my shellan is!” Wrath boomed.
John started signing, and whereas most of the time people translated half sentences sequentially, V waited until he’d finished the whole report.
A couple of the Brothers muttered in the background as they shook their heads.
“In the library,” V ordered the King in a way John never could have. “You’re gonna wanna do this in the library.”
Wrong thing to say.
Wrath wheeled on the Brother and went for him with such speed and accuracy no one was prepared: One minute V was standing next to the King; the next he was defending himself against an attack that was as unprovoked as it was . . . well, vicious.
And then things went shit-wild. Like Wrath knew he was on the thin edge of a bad ledge, he broke off from V, and went total wrecking ball on the billiards room.
The first thing he ran into was the pool table Butch was chilling next to—and there was barely any time for the cop to get that ashtray up off the side rails: Wrath grabbed the gunnels and flipped the thing like it was nothing but a card table, the mahogany and slate-topped behemoth flying up so high, it wiped out the hanging light fixture above, its weight so great it splintered the marble floor beneath on landing.
Without missing a breath, the King EF5’d into his next victim . . . the heavy leather sofa that Rhage had just leaped up off.
Talk about your couch-icopters.
The entire thing came at John at about five feet off the floor, the pair of ends trading places as it spun around and around, cushions flying in all directions. He didn’t take it personally—especially as its mate do-si-doed with the bar, smashing the top-shelf bottles, liquor splashing all over the walls, the floor, the fire that was crackling in the hearth.
Wrath wasn’t finished.
The King picked up a side table, hauled it overhead, and pitched it in the direction of the TV.
It missed the plasma screen, but managed to shatter an old-fashioned mirror—although the Sony didn’t last.
The coffee table that had been in between the two sofas did that deed, killing the muted image of the two Boston guys and the old man from Southie with the baseball bat shilling for DirectTV.
The Brothers just let Wrath go.
It wasn’t that they were afraid of getting hurt.
Hell, Rhage stepped in and caught the first couch before it tore a hunk off of the archway’s molding.
They just weren’t stupid.
Wrath - Beth x Overnight = Psycho-hose Beast
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J.R. Ward (The King (Black Dagger Brotherhood, #12))
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Trade the dream of overnight success for slow, measured growth.
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Jason Fried (ReWork)
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There is also a risk in some markets of a significant devaluation of the local currency. For example, if the country experiences a financial crisis and devalues its currency to the point that your goods are no longer competitively priced, you can lose your market position overnight. There are no easy answers when it comes to getting paid for international sales but planning in advance beats learning hard lessons after the fact. Choose the solutions that work best for your company and prepare for the implications of those choices. The best strategy is to do the due diligence on your new customers.
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Craig Maginness (Go Glocal: The Definitive Guide to Success in Entering International Markets)
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Two years earlier there hadn’t been a rave scene in the States. And now, seemingly overnight, the world had changed. Every decentsize city in North America now had DJ record stores and rave-clothing stores. Musicians were trading in their guitars for synths and making techno records that were becoming globe-spanning anthems. It was 1992 and the rave scene was blossoming like a shiny, DIY flower.
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Moby (Porcelain)
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Key Elements of Five Year Plan ’77 What follows did not happen overnight. Among the guidelines set in February 1977 (remember, Fair Trade on alcohol was not finally ended until 1978): Emphasize edibles vs. non-edibles. I figured that the supermarkets would raise their prices on foods to make up for the newly reduced margins on milk and alcohol. This would give us all the more room to underprice them. During the next five years we got rid of film, hosiery, light bulbs and hardware, greeting cards, batteries, magazines, all health and beauty aids except those with a “health food” twist. We began to cut back sharply on soaps and cleaners and paper goods. The only non-edibles we emphasized were “tabletop” items like wineglasses, cork pullers, and candles. It was quite clear that we should put more emphasis on food and less on alcohol and milk. Within edibles, drop all ordinary branded products like Best Foods, Folgers, or Weber’s bread. I felt that a dichotomy was developing between “groceries” and “food.” By “groceries,” I mean the highly advertised, highly packaged, “value added” products being emphasized by supermarkets, the kinds that brought slotting allowances and co-op advertising allowances. By embracing these “plastic” products, I felt the supermarkets were abandoning “food” and the product knowledge required to buy and sell it. But this position wasn’t entirely altruistic. The plan of February 20, 1977, declared, “Most independent supermarkets have been driven out of business, because they stupidly tried to compete with the big chains in plastic goods, in which the big chains excel.” Focus on discontinuity of supplies. Be willing to discontinue any product if we are unable to offer the right deal to the customer. Instead of national brands, focus on either Trader Joe’s label products or “no label” products like nuts and dried fruits. This was intended to enable the Trader Joe’s label to pick up momentum in the stores. And it worked.
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Joe Coulombe (Becoming Trader Joe: How I Did Business My Way and Still Beat the Big Guys)
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My wife Anna and I have tried to apply these ideas to our system of parenting. At one point, we had become concerned with how much screen time had crept into our family. Between television, computers, tablets, and smart phones it had become just too easy for the children to waste time on nonessential entertainment. But our attempts to get them to change these habits, as you can imagine, were met with friction. The children would complain whenever we turned the TV off or tried to limit their “screen time.” And we as the parents had to consciously police the situation, which took us away from doing things that were essential. So we introduced a token system.9 The children were given ten tokens at the beginning of the week. These could each be traded in for either thirty minutes of screen time or fifty cents at the end of the week, adding up to $5 or five hours of screen time a week. If a child read a book for thirty minutes, he or she would earn an additional token, which could also be traded in for screen time or for money. The results were incredible: overnight, screen time went down 90 percent, reading went up by the same amount, and the overall effort we had to put into policing the system went way, way down. In other words, nonessential activity dramatically decreased and essential activity dramatically increased. Once a small amount of initial effort was invested to set up the system, it worked without friction. We can all create systems like this both at home and at work. The key is to start small, encourage progress, and celebrate small wins. Here are a few techniques.
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Greg McKeown (Essentialism: The Disciplined Pursuit of Less)
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There’s a subtle difference between an overnight Repo investment and an overnight fed funds investment. Repo General Collateral is collateralized with securities, whereas fed funds are uncollateralized. A fed funds cash investor doesn’t hold any collateral; they rely on the credit of their counterparty – another bank. Now, given the collateralization of Repo transactions, you would assume that Repo rates will always trade below fed funds. Sometimes, but not always. Over the years, Repo GC[15] has traded anywhere from 25 basis points above fed funds to 500 basis points below. That’s a huge range and just partly driven by the collateralization.
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Scott E.D. Skyrm (The Repo Market, Shorts, Shortages, and Squeezes)
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For a full two year period from 2007 through the end of 2008, GC rates had a daily trading range averaging 31.4 basis points. It’s incredible how many times overnight rates moved in excess of 200 basis points back then. Good times!
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Scott E.D. Skyrm (The Repo Market, Shorts, Shortages, and Squeezes)
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I didn’t even know the King was married,” I admitted. “When did Rapheol die?” Eleanor leaned forward until her face was close to mine. “Less than a month after Ulther’s coronation. He was poisoned by a rival House. It’s a heartbreaking story.” “Someone poisoned the King’s husband?” She nodded. “Just as he received the Crown, Ulther was cheated in a trade agreement. He wanted to prove his strength before his Challenging, so he had their entire House shut down. He seized their property and ordered that they all leave Lumnos, join another House, or become one of the Unhoused Descended that live on the outskirts of the realm.” “All that over a bad business deal?” “It gets worse.” She sighed sadly. “An elder from that House decided she had nothing left to lose, so she infected Rapheol with a rare poison and demanded Ulther reinstate her House in exchange for an antidote. She even insisted on a bonded bargain that he wouldn’t punish her or her House for it later.” “And Ulther wouldn’t do it?” “Oh, he did—but she gave him an antidote, not the antidote. She worded the bargain cleverly, and there was nothing he could do. Rapheol died, and Ulther couldn’t seek revenge without losing his magic.” “That’s terrible,” I gasped. “I can’t believe she got away with it.” “She didn’t. That’s where it gets worse. Her bargain was clever, but not clever enough, because it only bound Ulther and not the rest of House Corbois. The King couldn’t take revenge—but his brothers could.” My eyebrows flew up. “What did they do?” She chewed on her lip and glanced nervously at her uncles. “They took out the entire House.” I spun around to face her. “Took out? As in...?” “As in dead. Every last one. The whole family was wiped out overnight.
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Penn Cole (Glow of the Everflame (Kindred's Curse, #2))
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On November 29, 1883, only two days after his ship arrived in New York and he had boarded the overnight train for Washington, Sanford was received by President Arthur at the White House. Leopold’s great work of civilization, he told the president and everyone else he met in Washington, was much like the generous work the United States itself had done in Liberia, where, starting in 1820, freed American slaves had moved to what soon became an independent African country. This was a shrewdly chosen example, since it had not been the United States government that had resettled ex-slaves in Liberia, but a private society like Leopold’s International Association of the Congo. Like all the actors in Leopold’s highly professional cast, Sanford relied on just the right props. He claimed, for example, that Leopold’s treaties with Congo chiefs were similar to those which the Puritan clergyman Roger Williams, famed for his belief in Indian rights, had made in Rhode Island in the 1600s—and Sanford just happened to have copies of those treaties with him. Furthermore, in his letter to President Arthur, Leopold promised that American citizens would be free to buy land in the Congo and that American goods would be free of customs duties there. In support of these promises, Sanford had with him a sample copy of one of Leopold’s treaties with a Congo chief. The copy, however, had been altered in Brussels to omit all mention of the monopoly on trade ceded to Leopold, an alteration that deceived not only Arthur but also Sanford, an ardent free-trader who wanted the Congo open to American businessmen like himself. In Washington, Sanford claimed that Leopold’s civilizing influence would counter the practices of the dreadful “Arab” slave-traders. And weren’t these “independent States” under the association’s generous protection really a sort of United States of the Congo? Not to mention that, as Sanford wrote to Secretary of State Frederick Frelinghuysen (Stanley was still vigorously passing himself off as born and bred in the United States), the Congo “was discovered by an American.” Only a week after Sanford arrived in Washington, the president cheerfully incorporated into his annual message to Congress, only slightly rewritten, text that Sanford had drafted for him about Leopold’s high-minded work in the Congo: The rich and populous valley of the Kongo is being opened by a society called the International African Association, of which the King of the Belgians is the president. . . . Large tracts of territory have been ceded to the Association by native chiefs, roads have been opened, steamboats have been placed on the river and the nuclei of states established . . . under one flag which offers freedom to commerce and prohibits the slave trade. The objects of the society are philanthropic. It does not aim at permanent political control, but seeks the neutrality of the valley.
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Adam Hochschild (King Leopold's Ghost)
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If you buy stock in Apple (ticker: AAPL) today, for instance, you will not hold your position overnight and sell it tomorrow. If you hold onto any stock overnight, it is no longer day trading, it’s called swing trading.
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AMS Publishing Group (Intelligent Stock Market Trading and Investment: Quick and Easy Guide to Stock Market Investment for Absolute Beginners)
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Rule 3: Day traders do not hold positions overnight. If necessary, you must sell with a loss to make sure you do not hold onto any stock overnight
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AMS Publishing Group (Intelligent Stock Market Trading and Investment: Quick and Easy Guide to Stock Market Investment for Absolute Beginners)
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Yet, like more recent mega-corporations, the EIC proved at once hugely powerful and oddly vulnerable to economic uncertainty. Only seven years after the granting of the Diwani, when the Company’s share price had doubled overnight after it acquired the wealth of the treasury of Bengal, the East India bubble burst after plunder and famine in Bengal led to massive shortfalls in expected land revenues. The EIC was left with debts of £1.5 million and a bill of £1 million* in unpaid tax owed to the Crown. When knowledge of this became public, thirty banks collapsed like dominoes across Europe, bringing trade to a standstill.
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William Dalrymple (The Anarchy: The East India Company, Corporate Violence, and the Pillage of an Empire)
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He took delight in boasting, in contrast to most traders who got up early to read all they could from weather reports to daily Department of Agriculture assessments, that he stayed in bed until the last minute before getting to the exchange just as trading started.
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Michael W. Covel (The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires)
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I want to be more than just a player. I want to use my degree. I want a business. I want a family.” It feels like a confession. “To be a good husband. A good father. This world I’m entering in a few months, I’ve seen it devour guys. We work toward this all our lives, and an injury, age, a bad trade, whatever—can end it overnight. If the game has eaten up your priorities, turned you into someone you never wanted to be, what’s the point?
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Kennedy Ryan (Long Shot (Hoops, #1))
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Eckhardt witnessed many systematic traders spending great deal of time searching for the “good” places to enter. He cautioned against it: “It just seems to be part of human nature to focus on the most hopeful point of the trading cycle. Our research indicated that liquidations are vastly more important than initiations. If you initiate purely randomly, you do surprisingly well with a good liquidation criterion.”11 Dennis actually challenged the Turtles to randomly enter the market and then manage their trades after getting in. That was a real Zen moment for many Turtles. If they applied appropriate risk management, they could handle the worst that came down the pike once they were in any trade.
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Michael W. Covel (The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires)
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You don’t have to change everything overnight (nor do you have to wait for a year of hell to wake you up). You can begin to correct your course today by making a simple paradigm shift and seeking incremental change.
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Paula Faris (Called Out: Why I Traded Two Dream Jobs for a Life of True Calling)
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She traded out the pajamas and toiletries she’d taken for her overnight stay and replaced them with sunscreen, her sunglasses, a huge, wide-brimmed hat, and her e-reader. Not that she was planning on reading. Oh, no. She had a very busy conversation ahead of her with her best friend, and the center of all the talk would be Mister Fisher Davenport himself.
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Elana Johnson (The Billionaire's Enemy (Getaway Bay, #1))
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So we introduced a token system.9 The children were given ten tokens at the beginning of the week. These could each be traded in for either thirty minutes of screen time or fifty cents at the end of the week, adding up to $5 or five hours of screen time a week. If a child read a book for thirty minutes, he or she would earn an additional token, which could also be traded in for screen time or for money. The results were incredible: overnight, screen time went down 90 percent, reading went up by the same amount, and the overall effort we had to put into policing the system went way, way down. In
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Greg McKeown (Essentialism: The Disciplined Pursuit of Less)
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