Like many traders, I read Market Wizards as a kid. If you don’t know it, it’s a collection of interviews with the most legendary traders of the 1980s.Back when I first read it, I really had no idea what the hell I was doing. I read it, thought I got it and moved on. But I didn’t…
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Chuck Feeney today is a man of no property. He and his wife Helga live in a modest rented apartment in San Francisco. He has no car or luxuries of any kind. Actually, come to think of it, he has a very nice watch. It is plastic and cost about $15. There are no trophies or…
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I have been saving this piece from the Brisbane Times – my lack of alacrity in looking at it and commenting on comes down to simply not know what to say since it operates from a point of view that is totally foreign to my own. In the past week, bitcoin took a dramatic tumble after…
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British paratroopers sit across from themselves in the same aircraft that dropped them during the D-Day invasion.
When I was like four years old, despite my mother warning me not to, I put my finger on a hot stove. The stove was red and bright and shiny and I knew yummy food came from it, so the allure was irresistible. That day I learned an important lesson: really hot things suck. They…
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More here – Bloomberg
In my readings I came across the following chart and it got me thinking about the nature of delusion – It is no secret that we lie to ourselves, we have a strangely filtered view of all of our qualities and flaws. My guess is that most of the time these delusions serve to protect…
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