Groupon

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…

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Quote Of The Day

“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…

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Magical Thinking

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…

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Optimism

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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Optimism

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 inaccuracies partly…

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Apocalypse…Not Quite Yet

Slate has an interesting take on what happens to those who predict an apocalypse that doesnt come. This is an interesting piece but somewhat light on with regard to actually why we believe stupid things – for reasons other than being stupid. A more in depth look at our frailties is contained in my blog…

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