One of the growing problems I have noticed over the years with trading is the increasing amount of data that is available to traders. In the good old days we had the reverse problem, getting any information was difficult. Even finding out the closing prices in the US could be tortuous. The internet has completely…
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Now that the jingoistic gush fest that is the Olympics is over we can all recover from the notion that every Australian athlete who actually performed up to expectations was a genius and that those that failed to do so still had a big future in front of them (most likely in hospitality) we can…
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Imagine that you’re on a television game show and the host presents you with three closed doors. Behind one of them, sits a sparkling, brand-new Lincoln Continental; behind the other two, are smelly old goats. The host implores you to pick a door, and you select door #1. Then, the host, who is well-aware of…
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If you listened to the breathless and somewhat hysterical local media then you would think it is but then you would be wrong…… When news of the truck killings in Nice, France, broke last week, I started seeing variations of the same sentiment on Twitter and Facebook: Is this the worst year ever, or what?…
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More wisdom from Carl Richards.
I noticed during the Olympics that an industry superannuation fund known as REST were trying to convince me how good they are. The catch cry of the ad is that investing is a marathon and not a sprint – you wont get any argument here on that point. Too many people believe that investing irrespective of…
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In the summer of 2004, Angela Duckworth, then a graduate student in psychology at the University of Pennsylvania, went up to West Point to study 1,200 new cadets. The first-years were about to start “Beast Barracks,” an infamous seven-week training program during which they’d toil in the classroom and on the field for 17 hours…
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