I’ve often thought that trading is the world’s most equal opportunity employer. This wonderful fact comes about because the market neither knows nor cares about you. Therefore by extension it doesn’t care about your age, race, religion, sex or education. The fact that you may have an MBA from the Wharton School of Business or…
Little essay from the NY Times reviewing – The Science of Evil: On Empathy and the Origins of Cruelty by Cambridge cognitive scientist Simon Baron Cohen (his cousin is comic Sasha Braon Cohen) Cohen also discusses the same concepts here If ever you wanted an example of the appalling nature capacity of the human race…
As an intellectual pursuit trading is not a difficult endeavour, the rules are quite simple and they revolve around the central tenet of cutting your losses and letting your profits run. This maxim has been with traders for generation and a failure to recognise its importance has even afflicted the greatest traders. The late Jesse…
Excellent article by Barry Ritzholtz that was published in the Washington Post regarding the end of the work or the lack thereof. If you are reading this, the previously scheduled end of the world did not occur. Perhaps the date was wrong — next Saturday night? 1994? October? No matter. Despite millennia of Armageddon forecasts,…
The current bubble in social media companies is fascinating to watch and has all the hallmarks of every bubble since the Dutch Tulip boom. I have had a voyeuristic interest in Groupon for some time. I have a mate whose extended family is involved in a similar venture domestically – which has proved to be…
Excellent little piece by Kent Thune – The Investment Philosopher I believe philosophers can be the best investors and that comedians can be the best philosophers. Therefore one may logically deduce that comedians can make the best investors. Look no further than the philosophy of the late and great George Carlin to prove my point:…
“For me, trading is all about mastery: the mastery of markets’ complexities and the myriad challenges of self-mastery. “Brett Steenbarger, I quite like Steenbargers work – a copy of his Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology sits in my bookshelf. However, I have to take issue with this quote…
Uncertainty in the presence of vivid hopes and fears, is painful but must be endured if we wish to live without the comfort of supporting fairy tales. – Bertrand Russell You would think that in the hard-nosed world of trading, the only concepts that are applicable would be reason, logic and discipline. The current buzzword…
Whilst I was away in the Gold Coast where it is still 1992 and enjoying the delights of probably the worst hotel in Australia I caught up with this little piece in Time regarding optimism and its function as an evolutionary survival mechanism. “Scientists who study memory proposed an intriguing answer: memories are susceptible to…
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