Daniel Kahneman Interview
Tim Harford interviews Daniel Kahneman the author of Thinking Fast and Slow.
Tim Harford interviews Daniel Kahneman the author of Thinking Fast and Slow.
So gather round for a group hug followed by inappropriate touching. These were bounced to me this morning. I believe they are called The Paradoxical Commandments by Kent Keith circa 1968 – amazing what you can find on google. It does have a distinctly 60’s feel to it. I do note that the date of…
DetailsStep 1. How to deal with losses. Losing traders believe. Losses are a reflection of their self worth. For example if I originally had $10,000 in my trading account and that amount has degraded to $5,000 then as a losing trader I believe that my worth as a person has been halved. Losses are permanent…
DetailsThis blog picks out the eyes of Cleese’s presentation but it is worth sitting though the entire thing.
A client called his broker inquiring about egg futures and is quoted a price of 25 cents per contract. Having a hunch about the egg market he buys 100 contracts. A week later he calls his broker to get a quote. Pleased to learn that the price of eggs has risen to 35 cents he…
DetailsI came across these 18 rules from the Dalai Lama Take into account that great love and great achievements involve great risk. When you lose, don’t lose the lesson. Follow the three Rs: Respect for self Respect for others Responsibility for all your actions. Remember that not getting what you want is sometimes a wonderful…
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