Bill Gates On Enthusiasm And Open Mindedness
Short three minute piece. PS Gladwell is still wrong about the 10,000 hour rule. Talent beats practice anywhere, anytime……
DetailsThe Value of the Dow In Gold
Here is another one of those charts valuing the Dow in gold. When someone figures how the f$5k this helps in their trading let me know.
Antifragile – How To Make An Unstable World Strong
This is an excerpt from an interview with Nassim Nicholas Taleb the author of Fooled By Randomness and The Black Swan I am not a raging fan of Taleb but this is very well put. Are you saying that capitalism is good, but that 21st-century capitalism has gone too far? What we do today has nothing…
DetailsDrive For Show…..Putt For Dough
There are a lot of similarity between golf and trading. Both are fundamentally mental activities and the person who makes the fewest catastrophic errors wins. Golfers are also prone to the same sort of magical thinking that afflicts traders – if I use so and so’s clubs then my game will get better. Which is…
DetailsCorrection Ahead……Apparently
I offer the following chart and implied prediction from the WSJ without comment….. Well maybe one comment…….
DetailsAmazon
Excellent piece on Amazon and its CEO Jeff Bezo. The part that intrigued me was this – Make no mistake, Amazon rewards its teams. It’s just that restricted stock that becomes valuable only over time — and more valuable only if the company succeeds — is the primary reward. For example, Jeff Wilke, who runs Amazon’s…
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