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  • The Long Marriage of Mindfulness and Money

    Meditation, like yoga before it, has been fully assimilated into corporate America. Aetna, General Mills, and Goldman Sachs all offer their employees free in-office meditation training. In January, the Times reported on a packed panel at Davos where members of the global élite “professed that meditation gave them a competitive advantage.” Speaking to Bloomberg, a meditation instructor… Read more…

  • The Transformative Effects of Reading

    Reading a book is the closest we can come to sharing the mind of a great thinker. After all, what is a book but thoughts transcribed? Spend a lot of time with great people and we cannot help but be transformed by the experience. If you want to become a more interesting person, with a… Read more…

  • Prediction

    I have written often about how appalling the social sciences are at prediction and I include the financial markets within this soft science definition. The chart below shows that intriguingly this is not the case with other sciences – longer term weather forecasts are becoming more and more accurate. The interesting thing is that economists have… Read more…

  • Paul Tudor Jones At TED

     

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The Long Marriage of Mindfulness and Money

Meditation, like yoga before it, has been fully assimilated into corporate America. Aetna, General Mills, and Goldman Sachs all offer their employees free in-office meditation training. In January, the Times reported on a packed panel at Davos where members of the global élite “professed that meditation gave them a competitive advantage.” Speaking to Bloomberg, a meditation instructor at Goldman Sachs recalled a trader she works with who “gets a twinge in his gut when he senses a move in the markets.” With meditation, the instructor said, he had found an edge “by tuning into that sensation more . 

The Bloomberg article (called “To Make a Killing on Wall Street, Start Meditating”) described how mindfulness meditation, which has roots in Theravada Buddhism, a predominant school in Southeast Asia, works for corporate types: “If a dog barks, you might register it before quickly refocusing on inhaling and exhaling. Mental intrusions are treated the same way: Thoughts such as ‘book NetJets’ or ‘offload bitcoins’ quickly pass like leaves floating on a stream.” The point, of course, isn’t that you will no longer care about your bitcoin returns but that, by developing greater calm and attention, you’ll ultimately get better ones.

More here – The New Yorker

 

The Transformative Effects of Reading

Reading a book is the closest we can come to sharing the mind of a great thinker. After all, what is a book but thoughts transcribed? Spend a lot of time with great people and we cannot help but be transformed by the experience.

If you want to become a more interesting person, with a broader base of knowledge, more enlightened opinions, a vocabulary that expresses the nuances in how you see and experience the world, then reading well is a wonderful shortcut.

Read widely. Wide readers are able to stitch together disparate ideas from varied fields in ways that seem new.

Slow down: read to absorb, not to finish quickly. If you’re looking for something to read, choose something that seems difficult. To read difficult books, you’re going to need to slow down, to pause, to highlight, to take notes.

Read fiction, too. Elon Musk has been deeply inspired by the works of science fiction visionaries like Isaac Asimov, Frank Herbert and Iian M. Banks. Reading fiction makes you better at imagining what doesn’t exist (yet). Reading literary fiction also improves empathy.

More here – Inside.Envato

Prediction

I have written often about how appalling the social sciences are at prediction and I include the financial markets within this soft science definition. The chart below shows that intriguingly this is not the case with other sciences – longer term weather forecasts are becoming more and more accurate. The interesting thing is that economists have access to exactly the same tools but their predictions are still crap.

Screen Shot 2015-04-17 at 7.50.06 am

Paul Tudor Jones At TED


 

AUD/USD

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Email Of the Week

It has been sometime since we had an email of the week. So I offer the following without comment.

YES HI LOUISE

MY name is ………..

I am a researcher    YES I research  gaming   also   see my site
www.……….       it is different  opportunity

I just move to ……    two months ago    I just purchase  my new
RESONATOR  !    20 years research     six  month to build
200 hours    work  hand made    you can learn much information about
orgone energy   via internet      see

http://www.orgonics.com/whatisor.htm

I only  have ny RESONATOR  four weeks  now  I love to  use my advanced
  testing checking    with resonator    for free
with you  in stock market    I have not  worked  the stockmarket before
just test two or three     if interested   let me know !

thanks ………

This email was accompanied by 16 others in quick succession…….

Charts of Interest 10/04/2015

Screen Shot 2015-04-12 at 5.36.32 pm Screen Shot 2015-04-12 at 5.36.58 pm Screen Shot 2015-04-12 at 5.37.15 pm Screen Shot 2015-04-12 at 5.37.33 pm Screen Shot 2015-04-12 at 5.38.18 pm Screen Shot 2015-04-12 at 5.38.30 pm Screen Shot 2015-04-12 at 5.38.44 pm Screen Shot 2015-04-12 at 5.38.58 pm Screen Shot 2015-04-12 at 5.39.12 pm

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