The guy had played us every step of the way. First, there was his “poor” performance at guessing—hey, we concluded, this guy puts on his pants one leg at a time. Then he complimented my son with “Hmm, you’re hard to read.” Next, The Magician gave a plausible explanation for my son’s success: “The experience…
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This piece is about how to raise children to be more resilient in the face of both natural talent and adversity. However, the following caught my eye as being universal. People can learn to be helpless, too, but not everyone reacts to setbacks this way. I wondered: Why do some students give up when they…
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For those who do not know who Werner Herzog is GIYF 1. Always take the initiative.2. There is nothing wrong with spending a night in jail if it means getting the shot you need.3. Send out all your dogs and one might return with prey.4. Never wallow in your troubles; despair must be kept private…
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I awoke this morning to catch the following market move being played out. These numbers were accompanied by the usual hand wringing and they did cause me to drop a long options position of mine since I was getting too close to the nasty part of the time decay curve. However, an options position is…
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This dropped into my feed this morning and it is intriguing how it is not only in trading that our brain tricks us into doing the wrong thing. The notion that the way you do one thing is the way you do everything still rngs true. One of the curses of being human is that…
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One of things that always intrigued me about this time of year is the number of pronouncements that come out regarding predictions for the coming year. In my world if you are going to display a complete lack of credibility then all you need to do is to make predictions about what such and such…
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