Chris Tate, Author at Trading Game

John Henry Shuts Up Shop

International Markets, Market WizardsBy Chris Tate December 12, 2012

It was recently announced that one of the pioneers of managed futures John W Henry was shutting up shop after several difficult years in which his funds under management shrank from $2.5 billion in 2006 to around a $100 million. This made me wonder two things. Firstly, is there a shelf life to money managers.?…

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The Myth of American Meritocracy

Trading ResourcesBy Chris Tate December 12, 2012

Lately I have had a bit of waiting time and I was able to read this article in full. Of the entire piece I found the passage below the most disturbing. As a history buff I am familiar with such behaviour in the old Soviet Union and Germany in the 1930’s where admission to schools…

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QOTD

Get Your Shit TogetherBy Chris Tate December 11, 2012

The signature of mediocrity is chronic inconsistency. Jim Collins – Great by Choice

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We Are Alive

Trading ResourcesBy Chris Tate December 9, 2012 1 Comment

Rock tours generally have a theme: a band’s coltish arrival, a new style or look, a reunion, a new set of songs, a political moment. Springsteen was salting the show with the political material from “Wrecking Ball,” but the most vivid theme on this tour was to be time passing, age, death, and, if Springsteen…

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Why Too Much Data Disables Your Decision Making

Economy, History and Science, Trading PsychologyBy Chris Tate December 9, 2012 1 Comment

Quick, think back to a major decision. You know, the kind that compelled you to read everything on a topic and lead you to spend hours devouring every last scrap of data. How’d that work out for you? We like to think that more information drives smarter decisions; that the more details we absorb, the…

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Two Surprisingly Related Items

Brokers/Fund Managers, Economy, International Markets, Trading Psychology, Trading ResourcesBy Chris Tate December 8, 2012

Below is a table I lifted from Bespoke Investment It shows the YTD performance of what could be called analyst’s least loved stocks. You will note that some performed quite poorly but the top five had an average return of about 71% with WHR returning 104.34% The second of my related items is titled simply…

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How To Win At Forecasting

Trading PsychologyBy Chris Tate December 6, 2012

I have done prediction to death (see here) The patron saint of pointing out that experts don’t have clue is Philip Tetlock. This is an extended piece and video with him. It takes a bit to get through but the central message is that models beat experts as evidenced in the recent US election. The…

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