We are living in a world full of assholes. To be sure: There are no census figures to back this up, no national registry from which to draw statistics, but one need only look at the headlines to see that the asshole population has not only grown in recent years but also spawned some new…
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Years ago, I knew one of those guys who seemed to always be happy and excited. He was always just that bundle of warm fuzzies. First to give you a hug. Always happy to see you. Complimented you about things that had no business being complimented. We’ll call him ‘Jon.’ Jon was like a dog,…
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Interesting piece from Dr Brett Steenbarger …..Here are a few valuable insights I’ve gathered from my recent work with skilled, successful traders: 1) What you trade is as important as how you trade: The successful traders are trading instruments that move in meaningful ways and that capture their best ideas. That means trading instruments that…
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Over lunch in a downtown restaurant, Beatrice, a New Yorker in her late 30s, told me about two decisions she and her husband were considering. They were thinking about where to buy a second home and whether their young children should go to private school. Then she made a confession: She took the price tags…
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Whenever we undertake any task we bring with us not only a set of mechanical skill but also a sense of self that drives those skills and applies them in a way that is based upon the filtering of information through our experience and our personality. Anyone who has spent any amount of time observing market…
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One of the qualities that impresses me most about people is their resilience – that ability to hang in the fight for a time long after most would have quit. And then if things have not gone their way to pick themselves up and start again. If we take a broader perspective human history in…
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According to B.J. Fogg, a psychologist and researcher at Stanford University who has studied behavior change for more than 20 years, doing something you don’t enjoy and subsequently failing to make it habitual is actually more detrimental to a mission for change than doing nothing at all. To create a real lifelong habit, the focus…
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If there’s one piece of advice that I could offer any aspiring creative, it’s this. Develop a habit of consistently doing something. It doesn’t matter what it is, how small or how big it is. It can be as simple as going for a walk or meditating for 2 minutes. It can be as hardcore…
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Many years ago, I met with an intern at a trading firm who was struggling with performance despite being mentored by some of our most successful traders. One went so far as to lay out a blueprint for the struggling trainee explaining what he should do in different situations. It was to no avail. The intern…
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