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Develop an approach to trading and wait for the market to confirm it.
FORBES: Apple Falls Below Support Again, Netflix Nears $200
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When he bought Salomon and merged it with Smith Barney, an investment bank already owned by Travelers, Mr Weill declared himself comfortable with his new acquisition's famously high-risk approach to trading.
ECONOMIST: Salomon Brothers: No more poker | The
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All of which makes this a good time to launch a new approach to trading intellectual property, says Gerard Pannekoek, the boss of IPXI, a new financial exchange that lets companies buy, sell and hedge patent rights, just like any other asset.
ECONOMIST: An intellectual-property exchange
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But like every other approach to the art of investing or trading, when something goes wrong we have to accept that the markets have changed, and so we need to revise our analysis.
FORBES: Stocks Defy Bearish Elliott Wave Calls
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Mr Rajaratnam, a risk-taker in his trading, took the same approach to fighting the government's charges against him.
ECONOMIST: The verdict is finally in
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Keep trading to a minimum using a low-turnover portfolio management approach.
FORBES: Facing the Tax Mountain
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So the stress tests' methodological approach of averaging recent trading losses would exaggerate RBS's current fragility and vulnerability to loss - and in a sense would discriminate against it.
BBC: If RBS needs capital, taxpayers will suffer
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Finally, the emergence of cloud exchanges for spot trading could lead to a speculative futures market, bringing a whole new approach to risk management.
FORBES: Why Risk In The Cloud Is Good For The Economy
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It was a down day for the markets on this first trading day of the week, as investors are taking a cautious approach due to concerns over the global economy.
FORBES: Afternoon Wrap: AAPL, FB, LEN, QCOR
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Both ministers agreed that due to the close trading relationship between the two regions, the FSAI and the FSA would work to jointly agree an approach for protecting the authenticity of meat ingredients used in the manufacture of meat-based products.
BBC: Assembly told horsemeat fraud 'a real possibility'