Very good piece by Dr Brett Steenbarger. We’ll never find our peace by succeeding at trading. Succeeding at trading requires finding our peace, because that’s the only way we’ll be sufficiently open-minded to truly understand what markets are doing. Finding fulfillment in our lives outside of trading is a wonderful path toward bringing peace to…
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“Make your interests gradually wider and more impersonal, until bit by bit the walls of the ego recede, and your life becomes increasingly merged in the universal life.” More here – Brain Pickings
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“I am grateful, not in order that my neighbour, provoked by the earlier act of kindness, may be more ready to benefit me, but simply in order that I may perform a most pleasant and beautiful act.” More here – Brain Pickings
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Long story made short – fund managers from poor backgrounds make better fund managers than those from wealthy backgrounds. Which does make sense when you think about it not only in terms of drive and the will to succeed without a safety net but also a greater understanding of the need to husband resource. Abstract…
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Two interesting snips from the Knight Frank Classic Car Edition
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