Who Would Have Thunk It?

Trading Resources3 Comments

Those looking into the collapse of MF Global reckon they have found 90% of the coin that mysteriously disappeared from clients  accounts. Dealbook…..“Investigators have determined what happened to nearly all of the customer money that disappeared from MF Global around the time of its bankruptcy last Oct. 31, but have not publicly disclosed their progress,…

Details

Certainty

Trading Psychology

As the New Year, has come and gone we have been bombarded with predictions for the coming year.  Despite their best effects those that opt to predict what the market will do in 12 months times can seem to predict their own uselessness – an odd paradox that one. I have not looked at this…

Details

The Graduates

Trading Psychology

WHILE THE CHANTS of the protesters and the thrumming of the drum circle echoed through New York’s financial district, I spent a pleasant October weekend in Chicago drinking with the people who used to occupy Wall Street. It was my 10-year reunion at the University of Chicago Booth School of Business. Obviously I wanted to…

Details

Kodak Part Two

Trading Psychology1 Comment

I had been thinking about the Kodak debacle when I remembered this – The Peter Principle states that “in a hierarchy every employee tends to rise to his level of incompetence”, meaning that employees tend to be promoted until they reach a position in which they cannot work competently. It was formulated by Dr. Laurence…

Details