I was going though some old bits and pieces and came across some quotes I had collected from the Market Wizards books. “[Michael Marcus – another top trader] taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me…
As can be seen from the graphic below the local market has endured an extended period of under performance relative to other Western markets. Yet, its performance is largely in line with a handful of Asian markets. It has long been my view that local investors unfortunately suffer from a Western- centric hangover – in…
Why does investor panic suddenly take hold? Here, the fourth installment of a new Fortune series on how things spread. Twitter, the social media company that uses a bird for its corporate logo, was the canary in the coal mine. In early February, on a single day of trading, Twitter’s stock fell 24%, to $50 from…
One of the good things about being young is that you can trade stupidity for time – this is the strategic advantage of being young. The excess time you have remaining in your account enables you to recover from the majority of stupid things we all do when we are young. At the AIA conference…
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