Its Friday
This got a run sometime ago but following a conversation I had during the week it deserves another go.
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The Mischievous Science of Richard Thaler
Thaler has a mischievous mind. At the same time that he was producing his math-heavy dissertation, he started asking people two questions. The first: How much would you pay to eliminate a mortality risk of 1 in 100,000? The second: How much would you have to be paid to accept a mortality risk of 1 in 100,000?…
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Seriously….WTF?
One of the great problems that traders of any size and ilk face is the notion of being taken seriously by friends, family and the community at large. Telling people you are a trader often conjures up all sorts of negativity, this process is not helped by the nonsense things that they read. This morning I…
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Everyone Wants To Be Happy
As a therapist, the number-one goal I hear from my patients is: “I just want to be happy.” I ask, “What would being happy mean to you?” The answers range from “Everything I wish for will happen” to “I will feel good all the time” to “I won’t ever feel sad or disappointed.” These patients…
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How Long Have I Got Doc?
Want to know how long you have left……click the link
What An Ordinary Market Looks Like
During the week I posted a link to some remarkable charts coming out of China. These show what a market in the grip of mania look like. The chart below is what a market that is struggling to get out of bed looks like.
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Its Friday
And I am about to jump a plane to speak at Michael Yardneys Wealth Retreat but before I go, a little something that reinforces the first rule of Buddhism – dont be a dickhead….
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Now This Is A Rally
More eye watering charts here – Bloomberg
