Context…….Again
Saw this snippet online this morning courtesy of The Age online edition. Pop quiz for the day – was the road toll in China for that day higher or lower than 97? Numbers without context or framing are meaningless.
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History Leaves Clues
One of my bugbears is historians who draw lines through history and present it as a linear narrative. As an example, the Treaty of Versailles, lead to the Weimar Republic whose collapse was inevitable which lead to the rise of Hitler which leads to the Second World War and all its associated horrors. It is…
Markets, Pandemics and General Idiocy
Let me start with a general statement – t world is awash with cretins when it comes to any event that doesn’t involve watching reality TV, piss farting around on social media, waxing your genitals and shaving off your eyebrows and then drawing them 3cms higher than they were with a sharpie. There is no…
There Is Nothing New
One of the side benefits of getting older is that you realise there is nothing new. This seems to be particularly true in regard to new traders who think they have made a new and novel mistake and market “experts” who think they have invented something new. I am not certain whether it is comforting…
The Inner Game: Why Trying Too Hard Can Be Counterproductive
t’s the final moment before an important endeavor—a speech, a performance, a presentation, an interview, a date, or perhaps a sports match. Up until now, you’ve felt good and confident about your abilities. But suddenly, something shifts. You feel a wave of self-doubt. You start questioning how well you prepared. The urge to run away…
The Power of the People Around You
……Consider a 2010 study of United States Air Force Cadets in which psychologists from the National Bureau of Economic Research tracked a cohort of cadets over 4 years. The researchers found that while there was variability in fitness gains/losses across all the cadets, there was hardly any variability within squadrons. Squadrons are groups of about 30 cadets…
I Love a Good Panic Story
Apparently the world is sitting on the edge of a global pandemic that will wipe out society as we know it, that’s at least according to the media and its reporting of the outbreak of the coronavirus in Southern China. To date, the virus has killed 26 people to date. To put this into context…
Context and Timing Are Everything
Apropos my piece yesterday on TSLA I thought it would be interesting to compare the performance of the FAANG stocks over a range of time periods.
Hard To Bet Against
This was the title of an article that caught my eye whilst having tea and toast with LB down at my local this morning. The thing that is hard to bet against is the price of TSLA – which if the press is to be believed seems to have become somewhat of a national sport…
Embrace The Darkness
I believe every traders library should have a copy of Owning Your Own Shadow by Robert A Johnson which is a quick exploration of the nature of the shadow and tole it plays in our lives.
Quotes
I am a relative newcomer to social media as such I find it a fascinating ecosystem for self-aggrandisement ( a favourite of doctors and strength coaches) outright lying ( system developers who have never had a drawdown and 14 years olds who claim they can squat 300kg) and general nonsense of a motivational nature. I…
Habits vs. Goals: A Look at the Benefits of a Systematic Approach to Life
Nothing will change your future trajectory like your habits. We all have goals, big or small, things we want to achieve within a certain time frame. Some people want to make a million dollars by the time they turn 30. Some people want to lose 20 pounds before summer. Some people want to write a…
THE LONGEST RUNNING REPEAT-FOR-FREE TRADING MENTOR PROGRAM IN THE WORLD
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