This is not directly trading related but if there was a game that mimicked trading it would be golf. A golf game is won by the person who makes the fewest catastrophic error and whose management of their internal game is superior to others. Incremental gains count. I am assuming that they are referring to…
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Of course they are….. More here – Town and Country
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Many years ago, at an investment conference at a prestigious Oxbridge college I sat next to the college bursar at dinner. The conversation inevitably turned to plans for managing the college’s endowment fund. I was too embarrassed to say anything — perhaps I should have done? — but it soon became apparent that the strategy…
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I recently read War and Chance by Jeffrey A. Friedman, which considers how foreign policy specialists deal with the uncertainty that surrounds their high stakes decisions. Friedman focuses on an historic reticence to explicitly discuss either probabilities or confidence levels when making subjective judgements. Whilst the impact of decisions made around the whereabouts of Osama bin Laden…
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Thirty six years on, after a stellar, record-breaking career, Phil Collins, now 61 and retired from music due to injury, still vividly remembers his first show as lead singer for Genesis. Canada – “because it was always strong for us” – had been chosen as the location: London, Ontario first, then Kitchener. A thousand thoughts were rushing…
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Have you felt as if lockdown has you in a fog? You’re not alone, says a neuroscientist who studies our ability to concentrate. “There is a barrage of information we’re now facing, and working from home involves additional components,” says Nilli Lavie, professor of psychology and brain sciences at University College London. “It’s difficult for…
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I always loved my Mini’s but not to the tune of $110K….. More here – Jalopnik
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“When anxious, uneasy and bad thoughts come, I go to the sea, and the sea drowns them out with its great wide sounds, cleanses me with its noise, and imposes a rhythm upon everything in me that is bewildered and confused.” Rainer Maria Rilke
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