Recently I had a chance to catch up with Jack Pelzer and Dan Hodgman of Limit Up where we talked about all things trading psychology. You can find additional episodes of their podcast here. It was actually wonderfully refreshing to sit down and talk to two younger traders who were not obsessed with the prospect…
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Here are a few highlights from our conversation: I think of philanthropy as something that is not genetic, it is learned, and it was something that my dad reinforced pretty much from the time I was a kid. I’ve always had this view that success is not a straight line up. If you read the stories of…
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It was getting dark when I hit the first riffle of my trip down Utah’s Green River in a canoe. My plan was to set out while it was cool and log some mileage before nightfall, but dusk came on quicker than I thought. Because I’d been in a rush to launch, my gear wasn’t…
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Danes are some of the happiest people in the world, and they also happen to have a lot of cool words for ways to be happy. You may have heard about “hygge,” which has been the subject of countless books, articles and commercials. Often mistranslated to mean “cozy,” it really describes the process of creating intimacy. But another word “pyt”—which…
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….Fear is a necessary learned emotion. If we were unable to feel fear in certain situations, we would then be unable to shield ourselves from hurtful or dangerous stimuli. However, fear in excess is more detrimental than it is helpful — often severely impacting our judgments and choices in situations (Lemia, M.C., 2011). According to…
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One of the most effective methods for changing our behaviour is to alter the level of friction we face when making a decision. If we want to encourage an action, make it simple. If we want to restrict it, put up obstacles. We use this method intuitively in our everyday life – when we are…
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It must be the thought of an extended lockdown doing peoples heads in but I have been receiving a lot of emails about market predictions. Particularly given the US markets gyration last week. As I decided to repost something I wrote many many years ago that looks at how idiot this sort of thing is.…
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