December 2012 - Page 3 of 4

QOTD

Get Your Shit TogetherBy Chris Tate December 11, 2012

The signature of mediocrity is chronic inconsistency. Jim Collins – Great by Choice

We Are Alive

Trading ResourcesBy Chris Tate December 9, 2012 1 Comment

Rock tours generally have a theme: a band’s coltish arrival, a new style or look, a reunion, a new set of songs, a political moment. Springsteen was salting the show with the political material from “Wrecking Ball,” but the most vivid theme on this tour was to be time passing, age, death, and, if Springsteen…

Details

Why Too Much Data Disables Your Decision Making

Economy, History and Science, Trading PsychologyBy Chris Tate December 9, 2012 1 Comment

Quick, think back to a major decision. You know, the kind that compelled you to read everything on a topic and lead you to spend hours devouring every last scrap of data. How’d that work out for you? We like to think that more information drives smarter decisions; that the more details we absorb, the…

Details

Two Surprisingly Related Items

Brokers/Fund Managers, Economy, International Markets, Trading Psychology, Trading ResourcesBy Chris Tate December 8, 2012

Below is a table I lifted from Bespoke Investment It shows the YTD performance of what could be called analyst’s least loved stocks. You will note that some performed quite poorly but the top five had an average return of about 71% with WHR returning 104.34% The second of my related items is titled simply…

Details

How To Win At Forecasting

Trading PsychologyBy Chris Tate December 6, 2012

I have done prediction to death (see here) The patron saint of pointing out that experts don’t have clue is Philip Tetlock. This is an extended piece and video with him. It takes a bit to get through but the central message is that models beat experts as evidenced in the recent US election. The…

Details