Last night I had a contingent trade trigger me into a short position into Lumber. Everything looked wonderful for probably all of about 25 minutes. The good thing about trading is that such things happen – it reminds that nothing is certain and you are never as clever as you think you are.
It is often the preserve of finance journalists to suffer from the almost terminal affliction of hindsight bias – this sort of creeping determinism that some things were obvious all along. Recently I came across an excellent example of this whilst trawling for an online chart on Yahoo Finance. The piece breathlessly claims How buy and…
Louise Bedford says: “This week on our Trading Mentor Program, Chris Tate and I have asked Evan McQuire from https://www.mfam.com.au/ to be our guest, as we’re looking at options. They’re fascinating little beasts. I like them so much I wrote a book on them! Evan has been our friend for years, and he’s our ‘go…
I came across this chart below which examines the most common lies that people tell on their CV’s. Source – YourGovUK It is fairly obvious that the most common lie relates to either education or qualification and this is a point I have some personal experience with. Many, many years ago when I was silly…
My YouTube feed recently picked up a news item on the British Indoor Rowing Championships – my major point of surprise was that there was such a thing and this surprise was compounded by the fact that many were using it as a warm up event for the 2020 Summer Games. That’s right indoor rowing…
Benoit Mandelbrot was a Polish-born, French and American “mathematician with broad interests in the practical sciences.” I met him only once at a lecture at Microsoft Research before he passed away in 2010. Mandelbrot and Richard Hudson are the authors of the influential book The Misbehavior of Markets: A Fractal View of Financial Turbulence. I suggest you…
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