A NIghtmare On Wall Street – Beware the Autoplay
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Fear And The Art Of Trading
Trading or investing (I use the terms interchangeably) is at its core an information processing profession. The job of a trader is to take the information they receive and distil it into a cohesive, coherent format from which they can derive a decision. The expected end point of this decision is that the trade that…
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By Head Or by Foot
I love this sort of stuff – data analysis being applied to sport.
QOTD
I was preparing a piece for the Australian Investors Association when I came across this quote. The story telling mind is allergic to uncertainty, randomness, and coincidence. It is addicted to meaning. If the storytelling mind cannot find meaningful patterns in the world, it will try to impose them. In short, the storytelling mind is…
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Narrow Index Versus Broad Index
Interesting juxtaposition between the Dow and the Russell 3000. You cannot argue with new highs….although some people do.
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Forget the Flu: Entrepreneurship May Be Viral
Whilst away for a strategy meeting last week part of the conversation drifted to the notion of working for yourself as a lifestyle choice. A subset of that discussion was simply why the f#%k would you willingly work for someone else. We all tried to work out the premium that would be required for us…
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Beating The Market Has Become Nearly Impossible
Interesting long article about the demise of alpha – that is a positive return over and above what the market can intrinsically produce. I would probably add that there has never been a situation in history where money managers have en masse produced alpha, so the situation being described is not new. Fund managers have…
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We Are Coming To Sydney And The Gold Coast
This is an invite we are extending to everyone – Hi everyone, David’s personal assistant – Ruth, will be booking everyone in and giving the details about the venue. I actually sent out an email to everyone who watched the David Chia video to tell them how to book in. Oh my gosh – I…
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