Rethinking Investing: Common-Sense Rules for Uncommon Times
The first lesson is: you don’t know what you think you know.
See: Let go of what you think you know
Starbucks: harbinger of financial doom?
GOOD Sheet: It’s the Economy, Stupid!
One Way To Make Money In Today’s Market
Buy a nice collectible Chevy Camaro or a Dodge Challenger. With a new Camaro [...]
Lord knows I’ve been stuck in this vortex many a time.
Related reading:
Sleeping and Trading –Daily Speculations
Briefly Speaking, from Victor Niederhoffer –Daily Speculations
There are many speculators who have an inclination to trade during night hours. Such behavior exposes one to the possibility of premature death, according to a study of Penev et al "chronic circadian [...]
How Fairness Is Wired In The Brain -ScienceDaily.com
Now, researchers at the California Institute of Technology have discovered that reason struggles with emotion to find equitable solutions, and have pinpointed the region of the brain where this takes place. The concept of fairness, they found, is processed in the insular cortex, or insula, which is [...]
Talks Joshua Klein: The amazing intelligence of crows
Even crows succumb to ever-changing-cycles. Besides being a fascinating display of the crow’s intelligence, notice how once one learns a new trick, they all learn the trick, in some cases ruining a good thing for the inventor.
Gin, Sitcoms and the Cognitive Surplus
The classic example of cognitive surplus [...]
Wikipedia
The gambler’s fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the false belief that the probability of an event in a random sequence is dependent on preceding events, its probability increasing with each successive occasion on which it fails to occur. If a fair coin is [...]
There’s Triumph of the Optimists, a great book on the markets:
Triumph motorcycles kick ass:
Triumph the band rocks (rocked?), fight the good fight, yeahhhhh:
Now there’s Triumph of the Bullshit, a collection of oddities and, bullshit:
A few of my favorites
Dunning-Kruger effect The phenomenon wherein people who have little knowledge think that they know more [...]
Why are trading gurus always telling us to pore over our trading tickets and analyze our trading mistakes? Bullshit! Seriously, you should have a plan and a tested hypothesis before you ever make a trade. If you gotta look back at your trades to figure out what you did wrong, the thing you did wrong [...]
I happened on an article about black swans, as Nassim Taleb had recently been speaking at a CFA (Chartered Financial Androids) function and a reporter for the Financial Times was in attendance, blogging, not reporting, because as we all know the two are very different. I wondered with all the talk of recession, and [...]
The computer model that once explained the British economy
A sensation when it was unveiled at the London School of Economics in 1949, the Phillips machine used hydraulics to model the workings of the British economy but now looks, at first glance, like the brainchild of a nutty professor.
Speaking of early computers I just happened [...]
Mad Science: A Chinese Cure for Internet Addiction
Learning from our mistakes? Flies can do it. Lots of Animals Learn, but Smarter Isn’t Better
It takes just 15 generations under these conditions for the flies to become genetically programmed to learn better. At the beginning of the experiment, the flies take many hours to learn the difference between the normal and quinine-spiked [...]
The well-appointed trader knows that one must have the right tools to keep them bears a dancin’.
For the Starbucks in Hong Kong, the new HP Mini-Note:
For the trading room, or the corner of your bedroom, whichever the case may be:
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