What Macro Analysis Used To look Like
I came across this fabulous old chart that looked at the relationship between blast furnace activity and the US stock market from 1892 to 1924. Macro analysis used to have a bit of a lag.
I Went to Iceland to Learn What’s Up With Their Elves
About this time last summer, a lot of us clicked on Netflix’s Eurovision Song Contest: The Story of Fire Saga because, well, we were a lot of weeks into a stay-at-home order and Will Ferrell’s blond wig and Dan Stevens’ bare chest seemed like decent enough distractions. The flick takes place—and was mostly filmed—in Húsavík, a 2,300 person town…
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Are You A Hedgehog Or A Fox?
There is a line among the fragments of the Greek poet Archilochus which says: “The fox knows many things, but the hedgehog knows one big thing.” More here – American Consequences. Intriguingly most traders would like to be a variation of a fox since the belief is that the more you know the better you…
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The Neuroscience of Breaking Out of Negative Thinking
You just got off the phone with one of your most important clients. The game-changing deal you were trying to close is off. They’re not interested. You’ve just pitched 10 potential investors. They all say they’re “interested” but it’s been two weeks. You refresh your inbox hourly, and yet still no word. How do you…
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How To Get Exposure
There are many ways to get broad exposure to a market – the route most select is via an ETF that represents the local market. Generally, this is the only mechanism available to investors/traders. However, in Australia, we have a somewhat interesting condition whereby you can actually invest in the exchange. After demutualisation many years…
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From The Do You Feel Old File
Almost 42 years ago……
Myth Versus Reality
Traders are often caught in a bind – if the stock they own is going down they feel like they have too many. If the stock they own is going up naturally they feel as if they should have bought more. In the latter case, this generally occurs with a liberal dose of hindsight bias…
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