How Elite Traders Actual
The Market Timing Myth Debunked Think you can’t time the market? The evidence suggests otherwise. Swipe to discover why staying fully invested might be costing you money.
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China Mulls 50% Pay Cuts for Underperforming Fund Managers
This article is behind a paywall, but you can get the general gist from the opening two paragraphs. If the pay of local fund managers were based on ability, the vast majority would be delivering newspapers to make ends meet. China is considering slashing pay of fund managers who underperform their benchmarks as part of…
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Good Vibes Are Contagious
One of my favorite threads of research shows just how interconnected we humans are. Studies reveal that if you bear witness to someone else experiencing pain—whether it’s a someone close stubbing their toe, a person experiencing homelessness on a damp street corner, or a somber face in the waiting room of a hospital—you’re likely to…
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Avoid the Unforced Investment Errors Even Billionaires Make
Decades as an investor and trader on Wall Street have taught me that market panics come and go. Geopolitics, inflation and dire warnings, among other variables, can make a mess of things — and the ensuing volatility often fuels our urge to make a decision, any decision. Especially the bad kind. More here – Bloomberg
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How a 27-Year-Old Codebreaker Busted the Myth of Bitcoin’s Anonymity
This is the story of the revelation in late 2013 that Bitcoin was, in fact, the opposite of untraceable—that its blockchain would actually allow researchers, tech companies, and law enforcement to trace and identify users with even more transparency than the existing system. That discovery would upend the world of cybercrime. Bitcoin tracing would, over…
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Its Never Too Late To Start
For Shigeru Fujimoto, an 88-year-old day trader who lives in this capital of Hyogo Prefecture, his “workday” starts at 2 a.m., when most of the population is asleep. The octogenarian first stretches to loosen up before he makes coffee and switches on his three computer monitors. On a recent day, Fujimoto was seen checking out…
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The Stupidest Chart In Trading.
One of the most frustrating things in trading is the persistence of idiocy, which holds traders back. The chart below or a variation on it regularly appears on my social media feeds—generally posted by someone who trumpets the initial CMT or CFT after their name. I’ll tell you more about them in a minute. The…
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All You Can Eat – The Move To 24 Hour Trading.
When I first began my trading journey, the single available market was the ASX, which was not a fully integrated exchange at the time; there were separate exchanges in Melbourne and Sydney. The market opened at 10:00 a.m. and closed at 4:00 p.m., and provision was made for a long lunch for brokers to wander…
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My Quest to Find the Owner of a Mysterious WWII Japanese Sword
The sword was suspended in the basement rafters with a message from 1945 still secured to its fittings. My grandfather and I were sitting one floor above it at his kitchen table when an email arrived. It was 9:17 A.M. on Christmas Day in 2021, the Chicago weather too mild, the ground too much of…
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