Daniel Kahneman
Having started rereading parts of Thinking Fast and Slow I thought it was worth revisiting this
Christmas
You need to be of a certain generation to get this…………..
Dow – Update
Price is still meandering around the initial fail point. One of the mistakes I see traders make is that they see a chart like the one below and instantly drop into confirmation bias mode simply because price looks as if it might be moving higher. Current price action doesn’t really confirm whether this trade is…
DetailsJohn Henry Shuts Up Shop
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.?…
DetailsThe Myth of American Meritocracy
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…
DetailsWe Are Alive
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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