Trading success does not follow a linear trajectory, success ebbs and flows with good times and bad times. If you trade for long enough you there eventually will come a time when you question the decision you have made to become a trader. It all seemed so easy initially and there was never any consideration as…
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How and why did the modern world and its unprecedented prosperity begin? Many bookshelves are full of learned tomes by historians, economists, political philosophers and other erudite scholars with endless explanations. One way of looking at the question is by examining something basic, and arguably essential: the emergence of a belief in the usefulness of…
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Both skepticism and wonder are skills that need honing and practice. Their harmonious marriage within the mind of every schoolchild ought to be a principal goal of public education. I’d love to see such a domestic felicity portrayed in the media, television especially: a community of people really working the mix — full of wonder,…
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I keep seeing this chart pop up all over the place as evidence that share prices always go up irrespective of what world events assail us. That is not what it is telling you. It is telling you that indices which are wrought with survivor bias and constructed in such a manner as to deliberately…
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If 2008 was a sharp reminder that banking matters, then 2016 has reminded us that politics matters too — and, in both cases, the reminder has not been especially welcome. How should economists respond? Until recently, both banking and politics tended to be something of a niche interest in the economics profession. This isn’t quite…
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This is an interesting way to look at this issue using an everyday comparison. More here – Visual Capitalist.
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