At our recent gathering in Perth we looked at quite a bit of the trader psychology that occurs around certain moves. LB has an exercise where she puts up a given chart with the sort of generic responses that traders generate at each phase of the move. The audience is then asked to critique what…
I saw this pop up today. The tale of Ronald Wayne is somewhat legendary. He was one of Apples original founders but sold his original stake for $800 and later on accepted an additional $1500 to forfeit any future claims against the company. As the billboard states his stake today would be valued at around…
Trading is an arena that is rife with metaphors. Every so often some taking head or idiot broker will trot out Rothchilds remark about not buying until there is blood in the streets. Or you will be told to buy Sun Tze Art of War. If they are slightly better educated (doubtful) they might mention…
Adventure is merely bad planning – Roald Amundsen I have talked about Amundsen before and focussed in particular about how his success as an explorer was a function of his obsessive planning. What strikes me about people who are successful in very difficult fields is that they all share similar traits, attributes or philosophies. Much the…
“Stress” is a dirty word in the world of wellness. It’s something to be tempered, reduced or completely released in your weekly yoga class. It’s something we’re supposed to carefully manage — or, better yet, avoid at all costs. But stress — and its common-law companion, risk — aren’t the bad guys we’ve made them…
It’s a cliché that “you can’t buy happiness”, but at the same time, financial security is among most people’s top career priorities.1 Moreover, when people are asked what would most improve the quality of their lives, the most common answer is more money.What’s going on here? Who is right? A lot of the research on…
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