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Why Is Trading So Hard?

 
 

Lou Reed

One chord is fine. Two chords is pushing it. Three chords and you’re into jazz….Lou Reed

Why You Never Give Money To A Hedge Fund

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Source – FINalternatives

 

Motivation Monday

 
 

The Smartest Person I Have Never Heard Of

By the end of his life, Ovshinsky had established a new field of science: the study of “amorphous” materials, messy solids that have no regular atomic structure. He published around 300 academic papers on the subject. His inventions gained more than 400 patents. All this from a man who taught himself physics using books borrowed from the public library in his home town of Akron, Ohio.

The technology behind rewritable CDs and DVDs was Ovshinsky’s brainchild, as was the material for “phase-change memory”, now standard in data storage technologies today.He designed the solar panels used in the Japanese calculators that flooded the world market in the 1980s. Similarly ubiquitous is his rechargeable nickel-metal hydride battery.

As one of the first people to spot that burning fossil fuels would lead to global climate change, Ovshinsky geared much of his research towards steering us away from that future. His altruism was unbounded: he threw ideas to anyone who would listen. Nevill Mott, on receiving his Nobel Prize in Physics in 1977, admitted that he got some of his best ideas from Ovshinsky.

 

More here – New Statesman

Does Studying Economics Make You A Bad Person

Whilst my views on Economics as a pseudoscience are well known I am not certain about this piece in Psychology Today

 

In 1776, Adam Smith famously wrote: “It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest.”

Economists have run with this insight for hundreds of years, and some experts think they’ve run a bit too far. Robert Frank, an economist at Cornell, believes that his profession is squashing cooperationand generosity. And he believes he has the evidence to prove it.

 

 

A NIghtmare On Wall Street – Beware the Autoplay

 
 

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