The title is somewhat obvious but it hides a deeper point – there is an arms race going on the trading world and generally you are not part of it. I have had numerous discussions about the impact of HFT with various people, some of whom insist naively that the benefits and technology of HFT…
The concept of a chop or bucket shop is nothing really new, nor were they restricted to the US. Jessie Livermore makes reference to them at the early part of the 20th century and when I first started in broking there were still some futures and OTC option bucket shops still operating. I dont know…
I was preparing a piece for the Australian Investors Association when I came across this quote. The story telling mind is allergic to uncertainty, randomness, and coincidence. It is addicted to meaning. If the storytelling mind cannot find meaningful patterns in the world, it will try to impose them. In short, the storytelling mind is…
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