I disagree with myself.” This is what a third-grade boy said in front of his math class during a discussion about even and odd numbers. He believed six was both even and odd. When one classmate presented counterevidence, he considered her point. “I didn’t think of it that way,” he said. “Thank you for bringing that up.”…
If you have ever run a marathon, you know that the effort can cause elation, exhaustion, achy legs, blackened toenails and an overwhelming urge to eat. But it is unlikely to have made you vulnerable to colds or other illnesses afterward, according to a myth-busting new review of the latest science about immunity and endurance…
Small things have big consequences. Over time, those consequences compound. We are the accumulated momentum of all our choices. Some of those choices are binary. Go to the gym or not: that choice in that moment is going to change your day. Over time that choice will change your life. We tend to ignore the…
We often attribute financial problems to bad life decisions: Why didn’t that person stay in college? Why didn’t they pick a more lucrative career? Why did they have so many kids? But several recent studies suggest that having less money can actually affect thinking and memory for the worse. In the most recent of these…
Last night I had a contingent trade trigger me into a short position into Lumber. Everything looked wonderful for probably all of about 25 minutes. The good thing about trading is that such things happen – it reminds that nothing is certain and you are never as clever as you think you are.
Life is expensive. The cost of living seems to be increasing almost as swiftly as Sydney’s house prices, and it can be a struggle to keep your head above water financially, let alone prosper. But do you want to know the truth? Deep down, there’s usually a reason why you’re broke… and it’s often because you…
I tend to agree. Being shot out of the right vagina or playing hide the sausage with the right person should not decide your status. Nor should it imply a status that puts you above everyone else.
According to a survey in 2017 by the Royal Society for Public Health, Britons aged 14-24 believe that Facebook, Instagram, Snapchat and Twitter have detrimental effects on their wellbeing. On average, they reported that these social networks gave them extra scope for self-expression and community-building. But they also said that the platforms exacerbated anxiety and depression, deprived…
A Beginner’s Guide To Peter Gabriel: 27 Essential Tracks Intriguingly my favourite is missing, although Red Rain comes a close second. This gets the guernsey because of its role in the film Say Anything.
I have been thinking about this piece I posted yesterday. The central tenet is that to admit a mistake is to undermine one’s sense of self. Thus doing so is extremely difficult for professional money managers. My thoughts have drifted to the current round of pending and proposed legal action by shareholders against various companies,…
A good piece with applications at all levels of trading. “It infuriates me to be wrong, when I know I am right.” (Moliere) In a previous job, I worked for an investment consultant who employed a psychologist to assist in their fund manager research process. I vividly recall her making a particularly astute point about…
Since I had a look at the MaxDD for MNF yesterday I thought it would be interesting to see the same for BTC. One of the arguments put forward by BTC fetishists is that BTC would display lower volatility than other currencies or payment methods. Somehow I dont think this claim stacks up, not unless…
Do every day or something for no other reason than that you would rather not do it, so that when the hour of dire need draws nigh, it may find you not unnerved and untrained to stand the test.” – William James.
It is often the preserve of finance journalists to suffer from the almost terminal affliction of hindsight bias – this sort of creeping determinism that some things were obvious all along. Recently I came across an excellent example of this whilst trawling for an online chart on Yahoo Finance. The piece breathlessly claims How buy and…
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