For Those Addicted To The Evening News
My guess is the same sort of editorial decision making progress applies to all aspects of what passes for news.
Hedge Fund Managers With Psychopathic Tendencies Make for Worse Investors
Ya reckon….yet another thing that probably got a grant when one wasn’t actually needed. Some things belong in the no shit Sherlock file…. Abstract It is widely assumed that psychopathic personality traits promote success in high-powered, competitive contexts such as financial investment. By contrast, empirical studies find that psychopathic leaders can be charming and persuasive,…
Details
Less Entrepreneurial Than You Think
The US is often touted as the land of the entrepreneur where everyone with with a bit of get up and go starts a business and climbs their way to the top. Apparently this isn’t so.
Louise’s Love Affair
The year was 1993. I was in a full blown tantrum. My broker was copping the brunt of my frustration. “You’re getting rich from me paying you brokerage, and I’m not making any money at all. Unless you can introduce me to someone making bucket-loads of money as a trader, I’m going to quit” I…
Details
Off With Their Heads
I came across this chart the other day – it shows the collapse in the income of the bottom 50% of the population versus the gain of the top 1%. I am not certain who actually thinks this sort of thing is sustainable.
Long Term Wealth Creation
I am currently in the process of adding the finishing touches to our upcoming seminar series and in doing so I was looking at the notion of long term wealth creation and why it is so hard for traders to simply sit still and not doing anything when the market is running in their favour.…
Details
Ray Dalio – Principles Part 1
I am currently making my way through Ray Dalio’s collection of thoughts and it is proving to be an interesting read. Dalio is an interesting individual with an interesting take on life – this obviously explains in part why his hedge fund Bridgewater has a somewhat interesting reputation for having an unusual corporate culture. What…
Details
What Breaking the 4-Minute Mile Taught Us
The sad news of the passing of Roger Bannister, the first human being to run a four-minute mile, got me thinking about his legacy — not just as one of the great athletes of the past century, but as an innovator, a change agent, and an icon of success. As it turns out, when he broke…
Details
Acceptable losses: the debatable origins of loss aversion
It is often claimed that negative events carry a larger weight than positive events. Loss aversion is the manifestation of this argument in monetary outcomes. In this review, we examine early studies of the utility function of gains and losses, and in particular the original evidence for loss aversion reported by Kahneman and Tversky (Econometrica …
Details
