Persistent Bias In Advice Giving
Persistent Bias In Advice Giving from Trading Game Pty Ltd
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Gutnick Goes Bust
I read with interest last week that Joseph Gutnick had gone bust; apparently he owes some $275 million to various creditors and has about $15 to his name. I read this with a touch of nostalgia because it was Astro Mining that got me started in this business more than three decades ago. It also…
Your Favourite Pet Rock
Now that gold has shown a little bit of life along with the various other precious metals my junk mail folder is awash with the requisite number of peanuts trumpeting that gold is the single best investment class in the history of the universe. Which is at complete odds with reality that gold is neither…
How “Amexit” sent shockwaves through the financial markets
Great little graphic on the impact of the American Revolution on the British share price index. More here – The Economist
How To Make It
From the archive of the Lefsetz Letter which although proclaiming to be about the music industry talks about much more. DESIRE Making it can’t be some thing, it’s got to be the ONLY THING. You’re gonna want to sacrifice, but you’re gonna have to forgo more than that, miss out on parties, on social rituals,…
Some Days A Rooster, Some Days A Feather Duster
I was reflecting on this post where I looked at the yearly return for stocks in the S&P/ASX50 and I wondered what one of the more ordinary examples would look like if I played around with missing the best and worst days of the year. I actually knew in advance what the shape of the…
Move On Quickly From Regrets Using This Writing Instruction
Working on self-esteem is not the best way to move on from regrets. “Imagine that you are talking to yourself about this regret from a compassionate and understanding perspective. What would you say?” That is the writing instruction used in a new study which found that self-compassion helps people move on from regrets. Being kind…
This Is What Happened To My Brain When I Spent More Time In Nature
It’s a refrain that kids have heard from their parents for generations: “Go outside and play. It’ll be good for you.” Little did we know as children how valuable that advice was. Science has shown that parental wisdom to be more accurate than we realized. Study after study after study has now shown that there…
A Single Chart Says It All
Source – Bloomberg PS: Watch out of the idiot autoplay video on the site
Work
When new traders move into the arena of trading they face several functional difficulties such as how do markets work, what are the subtle difference between markets and most importantly how does one design and implement a system that is some way logic and effective. If someone manages to navigate this maze and become in…
Why do you make stupid decisions when the experts tell you otherwise?
The gap between expert analysis and public opinion seems to be widening by the day. In the US, there is significant popular support for the policies of Donald Trump which the vast majority of experts regards as questionable, to say the least. In the UK there has been a broad consensus of economics experts warning…
THE LONGEST RUNNING REPEAT-FOR-FREE TRADING MENTOR PROGRAM IN THE WORLD
Want to be an exceptional trader? Learn from the best. Chris and Louise have found the way to take the guesswork out of share trading.They can teach you how to do this too!
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