LATEST BLOGS

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Wedding of the Year

I tend to agree. Being shot out of the right vagina or playing hide the sausage with the right person should not decide your status. Nor should it imply a status that puts you above everyone else.

How heavy use of social media is linked to mental illness

According to a survey in 2017 by the Royal Society for Public Health, Britons aged 14-24 believe that Facebook, Instagram, Snapchat and Twitter have detrimental effects on their wellbeing. On average, they reported that these social networks gave them extra scope for self-expression and community-building. But they also said that the platforms exacerbated anxiety and depression, deprived…

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Mum And Dad Investors Are Snowflakes

I have been thinking about this piece I posted yesterday. The central tenet is that to admit a mistake is to undermine one’s sense of self. Thus doing so is extremely difficult for professional money managers. My thoughts have drifted to the current round of pending and proposed legal action by shareholders against various companies,…

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Why Can’t Fund Managers Admit Mistakes?

A good piece with applications at all levels of trading. “It infuriates me to be wrong, when I know I am right.” (Moliere) In a previous job, I worked for an investment consultant who employed a psychologist to assist in their fund manager research process.  I vividly recall her making a particularly astute point about…

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Bitcoin Drawdown

Since I had a look at the MaxDD for MNF yesterday I thought it would be interesting to see the same for BTC. One of the arguments put forward by BTC fetishists is that BTC would display lower volatility than other currencies or payment methods. Somehow I dont think this claim stacks up, not unless…

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Quote Of The Day

Do every day or something for no other reason than that you would rather not do it, so that when the hour of dire need draws nigh, it may find you not unnerved and untrained to stand the test.” – William James.

Hindsight Is The Perfect Investment Tool

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…

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Watching People Tells You So Much

I enjoy watching people – from afar off course because their actions tell you so much about both them and their lives. For example I have just returned from my local shopping centre which was packed to the rafters with people who had obviously just woken up and realised that tomorrow is Mothers Day and…

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Apparently The Miners Are To Blame

Whilst heading back from the gym this morning I heard on the radio that the local market was eyeing off a 10 year high ( a good thing) due to a surge in demand for local miners (perhaps). Naturally I decided to have a look at the comparative performance of the big five local miners…

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Not All Indices Are Created Equal

I have been playing around with the comparative returns from various local indices – this is what happens in Melbourne when the weather turns to shit and I get bored. It has long been known or at least should be that market selection is a cornerstone of effective trading. One of the reasons why domestic…

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Love Yourself Anyway

“DO YOU REALLY think you can be a full-time trader? I don’t think it’s something any woman has done before.” But, I continued to love myself anyway. “You realise you’re making a fool of yourself by writing a book?” But, I continued to love myself anyway. “Your husband will start to feel inadequate if you…

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A Serious Warning

  BE CAREFUL ABOUT being too much of a chameleon. So often, we blend with the person we love, and carve off and discard little pieces of ourselves to fit in. We think of ourselves as selfish if we need ‘alone time’, or if we request help. We fear being thought of as a taker.…

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Favourite Experience

I DIDN’T OPEN MY umbrella because I could feel the smallest of all raindrops caressing my face, and landing in my hair, as gentle as the stroke of a lover. When I walked faster, the raindrops were more distinct and touched my face more firmly. When I slowed down, the raindrops were less distinct, softer…

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10 Things You Didn’t Know

SO OFTEN WHEN I’m interviewed, or when a trader meets me for the first time, they’ll comment on how I’m exactly the same in real life as I am in my books. This fills me with warmth, because I do honour authenticity. You get to see me warts and all in this newsletter. I invite…

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Well Thats Confusing……

I grabbed the image below from Investors Business Daily I took the image because I wanted to highlight two sections for you. It probably amazes equity analysts that traders/investors with critical thinking skills find them laughable. While traders/investors with critical thinking skills find people who dont find them laughable simply moronic. How could this profession be…

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