Martin Kronicle

If you are in an MBA, CFA (or CFP Program for that matter) and are headed to Wall St. with your credentials thinking you’re going to be bullet-proof, quit while you can and save a lot of money. You don’t need them – they are useless. You need a high degree of Emotional Intelligence to manage risk or to trade. This type of intelligence was totally absent from the CFOs resumes of the major Wall St. banks. Unless you have Emotional Intelligence, no degree or designation is going to help you. You will shy away from being an individual or from being unique. You will be relegated to those that want to fit in.

You figure that at least one of the Street’s CFOs would have said, “Uh, we have way too much exposure here and we need to pull back. The trade was good while it lasted, but now we need to be proactive and at least sell this shit to someone else.” A good trader knows not only when to get in and when to get out, but what the right position size is for the level of heat he can withstand.

Why didn’t they do something? They were scared to stand out from the crowd and do something different.  The sad part is, they were scared to feel their own feelings and do something about it for themselves. Not only did they fail in protecting shareholder wealth, but they were not honest with themselves either. They are the bleating sheep now.

IMHO, the CFOs should go back to their respective Alma Maters and demand a refund. All the big-named schools and all the the bullshit designations didn’t mean shit. They are shit.

The next time a recruiter or headhunter tells you that you need a terminal degree or designation, tell them that you want to be different from the rest of Wall St. and have integrity by NOT getting one.

It’s all about how you feel and how you put those feelings to work.

Tom Cruise is first in line to get the new Ducati. He must feel the need for speed. Unfortunately, here in LA there aren’t too many roads for him to open it up on because we live in a perpetual state of traffic. It is said that rush-hour starts at about 5 am and runs to 4:59 am the next day. It’s always rush-hour here.

Cruise, who looked really pissed at the SAG Awards the other night, has been the talk of the internet as Videos of him vamping on Scientology spread as fast as something like this would. My guess is he had that in the back of his mind at the SAG Awards and he knew everyone else was thinking about it too, so he felt like a big idiot.

I watched one of these videos, the one where he said “Being a Scientologist, when you drive past an accident, it’s not like anyone else. As you drive past, you know you have to do something about it, because you know you’re the only one who can help.”

I was going to take the road test for a motorcycle license a few years ago and someone who I respect a lot said to me “there are two types of motorcyclists: those who have been in accidents and those who are going to be.” I never followed through with the license.

I hope for Tom’s sake, if he ever takes a spill on his new Ducati, which I hope he doesn’t, that a friendly neighborhood Scientologist is nearby to take care of him. They’re the only ones who can really help.