The Best Investors In The World Aren’t Special And Neither Are You

Get Your Shit Together, Trading Psychology, Trading Resources

One of the great things about investing is the many ways that people approach it. Throughout history it’s been shown that hundreds (if not more) ways have been used to turn a profit within the stock market…. Whether you use fundamentals, technicals, astrology, or hire a monkey to throw a dart. However, one commonality among…

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Inside a Moneymaking Machine Like No Other

Aspiration, Banks and Finance, Get Your Shit Together, International Markets, Market Wizards, Trading Resources2 Comments

That’s because the area’s wealthiest residents, scientists all, work for the quantitative hedge fund Renaissance Technologies, based in nearby East Setauket. They are the creators and overseers of the Medallion Fund—perhaps the world’s greatest moneymaking machine. Medallion is open only to Renaissance’s roughly 300 employees, about 90 of whom are Ph.D.s, as well as a…

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An Interview With Robert J. Shiller on Behavioral Economics

Economy, Get Your Shit Together, History and Science, Trading Psychology, Trading Resources

Warburton: So what you’re saying is that traditional economics has focused on an ideally rational individual, asking, “What would such a person do if he or she behaved in their own best interests based on the information available?” But behavioral economics brings in the fact that we don’t always behave in our own best interests.…

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