Bitcoin: The World’s Most Dramatic Bubble Ever?
Why Its Good To Be Wrong
That human beings can be mistaken in anything they think or do is a proposition known as fallibilism. Stated abstractly like that, it is seldom contradicted. Yet few people have ever seriously believed it, either. That our senses often fail us is a truism; and our self-critical culture has long ago made us familiar with the…
Old School Cool
Since returning from London where LB and I caught Motown the Musical I have been giving my Motown collection a bit of a going over.
It Does Not Mean What You Think It Means
The interview in the post below with Daniel Kahneman got me going back over some old links that looked at the application of his and Amos Tversky’s ideas to trading and the chestnut I keep coming up against is the following question. You have been given a choice between either – a. $100 guaranteed, or b.…
Two For One on Stupid Things People Do And Believe
Why Do We Believe Stupid Things – David Harding Why Do Smart People Do Foolish Things – Scientific American
What I Learned from Losing $200 Million
I’d lost almost $200 million in October. November wasn’t looking any better. It was 2008, after the Lehman Brothers bankruptcy. Markets were in turmoil. Banks were failing left and right. I worked at a major investment bank, and while I didn’t think the disastrous deal I’d done would cause its collapse, my losses were quickly…
BITCOIN AND VOLATILITY
With all the mug punters of the world seemingly going all a flutter in their neither regions over Bitcoin and all the talk about how volatile it is, I thought I would take a quick and dirty look at how volatile it is in comparison with other instruments and whether the current level of volatility…
How to beat the bookies by turning their odds against them
Mathematicians had already developed bookie-beating models that attempt to predict sporting outcomes, but they are hard to devise and don’t perform consistently. So Lisandro Kaunitz at the University of Tokyo and his colleagues tried a more direct approach: using the bookmakers’ odds against them. The team studied data on nearly half a million football matches…
Well This Is Depressing
Age-Related Physiological Changes and Their Clinical Significance from Trading Game Pty Ltd However, it seems that there is nothing that cannot be ameliorated by diet and exercise.
Why Doing Good Is Good for the Do-Gooder
The past few months, with a series of disasters seemingly one on top of another, have felt apocalyptic to many, but the bright side to these dark times has been the outpouring of donations and acts of generosity that followed. From Hurricane Harvey flooding Houston to Hurricanes Irma and Maria ripping through the Caribbean to…
THE LONGEST RUNNING REPEAT-FOR-FREE TRADING MENTOR PROGRAM IN THE WORLD
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