Gareth Cook: What is the biggest misconception people have about the relationship between money and happiness? Michael Norton: One of the things that my coauthor Liz Dunn and I hear again and again when we ask people about money and happiness is a simple phrase: more is better. In general, we all believe that having…
Over the years I have noticed some odd similarities between many of the things I do and trading. When I first started in the martial arts I like everyone else thought that there must be some super secret technique and I set out to learn every technique I could. This mythology is actively encouraged by…
Business Insider…….While gold prices were on their ascent, we heard some bullish calls from high-profile Wall Streeters that would make dotcom era equity analysts blush. For whatever reason, gold ultra-bulls argued that the precious metal would be worth multiples of where it is today. We’ve heard targets from $5,000 to $46,000.
As a personal dlsclaimer I should point out that Sornett has been making predictions of crashes for over a decade and I dont believe he has gotten one correct. His last prediction of note was that the S&P500 would crash to 700 points in 2004, if memory serves me correctly that didnt happen. In their…
Sunday saw the mid point of our current Mentor Program – at this gathering I get up and drone on about my philosophy of the trading world. One of the points I try to get across is the notion that activity does not equal profitability and that intriguingly the main motivation for trading for a…
Bloomberg.…How do you sell the technology company you founded for $1.8 billion and five years later file for personal bankruptcy? For Halsey Minor, it may have been a fascination with houses, hotels, horses and art. Minor, 47, who sold CNET Networks Inc. (3549162Q) to CBS Corp. (CBS) in 2008, says he owes as much as $100 million…
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