Nothing will change your future trajectory like your habits. We all have goals, big or small, things we want to achieve within a certain time frame. Some people want to make a million dollars by the time they turn 30. Some people want to lose 20 pounds before summer. Some people want to write a…
“It only took 4,209 days, but I am finally even!!!” So declared Stephen Bearce, now a broker at Wells Fargo. He had taken a flier on 100 Bear Stearns shares amid its epic collapse from $171.51 — its record closing price on Jan. 12, 2007 — to where Bearce bought it at $30 a share on Friday, March 14, 2008.…
Smart people are not only just as prone to making mistakes as everyone else—they may even be more susceptible to them. This idea has been dubbed the Intelligence Trap. It explains the flaws in our understanding of intelligence and expertise, and how the decisions of even the brightest minds and talented organisations can backfire. More…
Eventually in everyone’s trading career will come a time when you question the decision you have made to become a trader. This is a natural part of the journey and it is a watershed moment because those who understand their own motivations will have sound concrete reasons for continuing. Those who do not or whose…
You know that blur of movement on Christmas morning when children meet presents and presents meet children, scraps of wrapping paper fly into the air and float down, confetti-style, all over the living room? Five minutes later, the presents are all unwrapped, the children sit panting, and everyone wonders what to do next. It does…
“Always remember: Your focus determines your reality.” Jedi Master Qui-Gon Jinn shares this advice with Anakin Skywalker in Star Wars, but in our hyper-distracted work world, it’s advice that we all need to hear. Technology has undoubtedly ushered in progress in a myriad of ways. But this same force has also led to work environments that inundate people with a relentless…
So I am sitting here in my local cafe pondering the wisdom of my first serious pool session after a surgery induced hiatus, the two words that spring instantly to mind are f#$cken and horrible. There is always a cost to everything and it is something we tend to ignore – it applies from the…
Humans are drawn to magical thinking for a variety of reasons, in part, it gives order to where there is chaos and we are very poor at sitting with chaos. It also separates us from others so our belief in our form of magic is a form of tribalism – we have access to an…
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