Recently I had a discussion with a colleague about university athletes. I was previously unaware that NCAA colleges set up guidance programs that develop the well-roundedness of student athletes. 'Life coaches' ensure that these individuals balance their rigorous athletic commitments with personal and academic accomplishments. I'm not judging your ability to run a mile or catch a football, but well-roundedness is an element to being successful - whatever your area may be.
To be a solid investor, it's important to consider a variety of markets, and you must be well-informed in a myriad of sectors. This is where having the best information comes in, and one of the better places for intelligence is STRATFOR. They offer a straightforward recipe of news about global affairs - causes, outcomes and what to expect next based on a rational, time-tested methodology.
I'm including a STRATFOR report that discusses the possibility of gasoline import sanctions against Iran. It's an absolute must-read for anyone interested in energy, foreign relations, Russia, the Middle East, etc. I'd encourage you to sign up for their free weekly reports here, so you aren't limited to what I send you on occasion. Begin (or continue) your journey to well-roundedness... Now, get to the line and practice your free throws.
John Mauldin, Editor
Outside the Box
Iran Sanctions (Special Series), Part 3: Preparing for the Worst
September 25, 2009
Iran has long been preparing itself for U.S.-led sanctions against gasoline imports and is confident in its ability to circumvent them. But even if the sanctions did get Iran's attention, they would not necessarily bring it to the negotiating table. Iran takes resistance very seriously, and while extolling the virtues of self-sacrifice it could close the Strait of…