There has been a story doing the rounds in the past week about researches demonstrating the efficacy of tracking key word searches to predict market direction. One news report proudly trumpeted that it was more effective than a stockbroker in making you rich, you can insert your own snarky remark about this. The use of…
I have been rereading parts of Dan Ariely’s The Upside of Irrationality. For those who don’t know of Ariely and his work you can catch up with him on TED. One of the great cognitive biases we face as traders is the notion of herding – that is we run in groups. Institution’s are particularly…
I thought I would post this for two reasons. Firstly, to illustrate the different approaches to selling at a high level here and in the US. Whilst, I have no doubt car salesman are dodgy the world over this is actually a reasonably slick video. Porsche dealers locally still have very limited interaction with their…
From Rolling Stone…Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent…
This is from the Jon stewart show. Some of you may have trouble viewing this video. If you do run Chrome or Firefox and install MediaHint which is available here. The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Indecision Political Humor,The Daily Show on Facebook This little add on enables you to by…
I was in the process of writing a piece on this very subject.As luck would have it someone has done a much better job.
If so here is your answer. I snipped this out of a conversation going on in the Mentor Program Alumni forum and as is my habit whenever someone makes a bold pronouncement regarding something like stops I like to dig a little deeper. On Baskin financials website they boast the following performance. At first glance…
From the NYT – It’s not every day that someone stumbles upon a major new strategic thinker during family movie night. But that’s what happened to Michael Chwe, an associate professor of political science at the University of California, Los Angeles, when he sat down with his children some eight years ago to watch “Clueless,” the…
For some reason and only for some posters the comments section is still rooted. Yet surprisingly it seems to be working for the spammers who hit the boards overnight.
For traders there is something uniquely compelling about about a range bound market such as the AUD/USD. For the amateur they are akin to a sirens call telling that there are endless profits to be gained simply by buying and selling inside the range. For the professional they are clearly marked no go zones. From…
Whilst my grasp of macro economics is about as good as Tony Abbotts grasp of evolution I do know that to have a mining boom you need two things and two thing only. Rising commodity prices and a booming customer. Everything is superfluous to the equation and can be discarded. This is the Shanghai Composite.…
To be honest i had never heard of this person but he seems to be vaguley interesting – its a pity the piece is not longer. Suddenly, he decided he wanted to be rich. It was the 80s, and in the 80s if you wanted to be rich, you were an investment banker. So he…
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