The Illusion Of Asymmetric Insight

Trading Psychology

In 1954, in eastern Oklahoma, two tribes of children nearly killed each other. The neighboring tribes were unaware of each other’s existence. Separately, they lived among nature, played games, constructed shelters, prepared food – they knew peace. Each culture developed its own norms and rules of conduct. Each culture arrived at novel solutions to survival-critical…

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Who Cares

Trading Resources

Having risen by a third since the beginning of 2011 and nearly fivefold since 2004, one analyst believes the precious metal is now in bubble territory and an “absurdity”. “Gold is not money and has no investment yield and in fact incurs carrying/storage costs. With the 10 year US treasury rate at 2 percent and…

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Decision Fatigue

Trading Psychology

You may want to pay attention to the physical timing of your decisions to enter new trades. Decision fatigue helps explain why ordinarily sensible people get angry at colleagues and families, splurge on clothes, buy junk food at the supermarket and can’t resist the dealer’s offer to rustproof their new car. No matter how rational…

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Outliers

Trading Psychology

It is now nearly two years since events conspired in such a way as to send bushfires of unparalleled size and ferocity across Victoria. The time between then and now has been spent dissecting why the fires were so bad, our response so inadequate and how to avoid such an occurrence in the future. To…

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More Money Than God

Trading Resources

Just working my way through this book by Sebastian Mallabywho does a good job of not only taking you through the complexities of the world of hedge funds but also introducing some seriously odd but talented people. For example I had no idea that Alfred Winslow the founder of the first ever true hedge fund…

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