Martha Lillard spends half of every day with her body encapsulated in a half-century old machine that forces her to breathe. Only her head sticks out of the end of the antique iron lung. On the other side, a motorized lever pulls the leather bellows, creating negative pressure that induces her lungs to suck in…
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About two years ago I started a list called “Things I wish I had known earlier” in my journal. I initially came up with 25 lessons about life, career, love, and relationships. Things I’ve learned from mentors, books, friends, readers, etc. I created the list for myself because I realized that I forgot important…
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Happiness is an active process, not something you get by sitting back and waiting. It’s something to be grabbed by the horns or more vulnerable areas and then conquered. At least, this is the gist of the message from Tony Robbins and gurus of his ilk. Many also say happiness is not something we can…
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I have been spending some more time playing with the data set below which I looked at last week within the context of long term returns for the All Ordinaries. One of the issues that is difficult for traders to come to grips with is the lumpiness of returns that are generated by trading systems.…
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WHEN HRISTOS DOUCOULIAGOS was a young economist in the mid-1990s, he got interested in all the ways economics was wrong about itself—bias, underpowered research, statistical shenanigans. Nobody wanted to hear it. “I’d go to seminars and people would say, ‘You’ll never get this published,’” Doucouliagos, now at Deakin University in Australia, says. “They’d say, ‘this is bordering on libel.’”…
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I have been having a bit of a play with the All Ordinaries yearly returns since 1901 and I cobbled together the table below which I have coloured red and blue. Red is those years where the return is below the average of 9.8% and blue is those years of above average return. What is…
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