All market participants have little myths that they cling to and it doesn’t matter whether your investing is based upon the narrative fallacies generated by fundamental investing/news or whether you take a more technical approach. All humans are subject to inaccuracies in thinking – making mental mistakes is universal. One that has always intrigued me…
The Large Hadron Collider is the largest machine ever built with a circumference of 27 kilometres and when operating at full power particles whiz around the circumference 11,000 times per second.
The athletes identified 12 key attributes as key to mental toughness in sport, ranked in order of importance: Unshakeable self-belief in your ability to achieve competition goals(“Mental toughness is about your self belief and not being shaken from your path. . . . It is producing the goods and having the self belief in your…
The perils of being sedentary and its associated lack of movement are well documented – you dont need to be Einstein to realise that doing nothing all day is bad for you. However, as with trading folks find any number of excuses not to move or do anything. One of the arguments I often encounter…
This little piece interested me and I don’t have any real problem with its basic thrust which is that the financial planning industry is failing its clients in search of revenue. After all, this is an industry that lobbied hard not to be forced to act in the best interest of the client. However, my…
The stories we tell ourselves are integral to our wellbeing, too. Depressed people often cling to long-established internal narratives with refrains like ‘I’m not good enough to achieve much,’ or ‘My mother dashes all my most important dreams.’ Counsellors who practice psychodynamic therapy help clients discard these stagnant inner monologues and substitute fresh ones. In…
I grabbed the piece below from a social drivel site because it neatly explores something I spoke about in Sydney last week. This offers a paradox in that it attempts to explain something that needs no explanation and the explanation it offers is wrong. I say that the movement in the market requires no explanation…
Each decision to trade is implicitly based upon an assumption as to who is in charge – the bulls or the bears. However, this decision whilst it seems reasonably simple is actually a very hard one to make. In part I think the difficulty arises because of the myopic nature of traders and the inability to…
When the forecast for Melbourne is 35c this is a somewhat outside our experience.
In the 1960s, a rapid rise in nuclear technologies aroused unexpected panic in the public. Despite repeated affirmations from the scientific community that these technologies were indeed safe, the public feared both long-term dangers to the environment as well as immediate radioactive disasters. The disjunction between the scientific evidence about and public perception of these…
If you made a decision today to double your income or your turnover — how long would that actually take to achieve? A year? 6 months? I have a friend who specialises in achieving these breakthroughs with his clients. His name is Rik Schnabel and he teaches NLP, Life Coaching, Speaking and Trainers Training here…
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