Trading is a profession that taxes our ability to view problems rationally and in a probabilistic manner. Daniel Kahneman highlights this issue in his book Thinking, Fast and Slow. As expected the majority of poorly performing traders believe it is about having the right coloured lines on their charts of hanging off every pronouncement made…
There is endless chatter by traders as to the need for an edge but very rarely does anyone either explain what an edge actually is or put forward examples of how to build them. In this video I define what an edge is, give a real world example from an unrelated highly competitive arena, and…
Over the last turbulent century, the global economy has suffered the shockwaves of recessions and depressions, bubbles and unchecked investor euphoria. And with the UK’s spring budget announced this week, we ask the question – have we learnt from the economic mistakes of the past?
Want to build influence with ideas and simple writing? Look no further than Howard Marks. Most smart people use big words and plastic jargon to reinforce the barrier between themselves and “the common folk.” Howard, on the other hand, breaks down this barrier, and that’s why his ideas are so influential (and why he’s Warren…
Gold lifted suddenly during Friday’s session – this quite naturally caught everyone’s eye. But as with all things in trading, there is a right way and a wrong way to profit from any given move. A quick hint – buying gold might not be the best way.
There is no doubt that trading is a difficult business – there is the illusion presented by the internet and then there is the reality of managing a business day after day. And as with all business progress is not linear – it has ebbs and flows. Unlike the majority of other businesses in trading…
I was struggling. I was in my competitive running days, in the best shape of my life, knocking out workouts I couldn’t imagine, but races were not going well. I just couldn’t put it together. I gave myself one last shot before packing in the bags for that season. In two weeks I was going…
There is an old adage – garbage in, garbage out. Stemming from the world of computer science it is equally applicable to markets. If you are feeding your brain the wrong things then your internal software will be shaped by this and predictably the result of this will be ruinous
Thinking and talking about failure can be tough, especially when it’s us who’s failing. But it’s paramount for us as individuals and teams to find a way to do this in an effective manner that allows us to both learn and evolve.
Since the early years of this century, it has been commonplace for computerized analyses of athletic statistics to guide a baseball manager’s choice of pinch hitter, a football coach’s decision to punt or pass, or a basketball team’s debate over whether to trade a star player for a draft pick. But many sports experts who…
On this episode, the president of Greenlight Capital sits down for a wide-ranging discussion with Bloomberg Radio host Barry Ritholtz.Einhorn is also chairman of the boards of Greenlight Capital Re Ltd. and Green Brick Partners Inc. He started the Einhorn Collaborative, which seeks to help Americans build stronger relationships, embrace their differences, and rediscover shared…
It is so tempting to get lost in the noise and intrigue of financial markets that we can easily forget what type of investor we are. Although the investing community can at times appear something of an amorphous blob attached to the latest in-vogue topic; groups of participants are engaged in wildly different activities that…
Naturally, traders look to the internet for guidance its ubiquitous presence means that this is inevitable. Unfortunately, the trading-related videos you see on the internet are often a very unsuitable role model for traders because the lifestyle they purport to show is a work of fiction.
For the first time in a long time, the local market has managed to make a new all-time high. This of course has set hearts racing in the investing community. However, as always the picture is always a little bit more complex than people are led to believe.
“If you don’t rule your mind, your mind will rule you,” More – Outside
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