William Eckhardt Interview
Interesting chat with Bill Eckhardt long term trading legend and one of the founders of the turtles.
FX Turnover
I have in the past been asked by new traders what is the most liquid market in the world. The reason they asked was they were generally concerned that the massive size of their account (always less than 100k) was too big for any market other than the most liquid. So to put them at…
DetailsI Love a Good Chart
This is from Chart of the Day who occasionally produce some interesting charts – although most of the time they are obscure things such as measuring GDP in gherkins The chart below is the long term inflation adjusted median price of US housing. Not only did housing prices increase at a rapid rate from 1991…
DetailsLucky Bastards
To offer a counterpoint to Talebs notion of luck being the arbiter of all success a piece called what Lucky People do Different
Taleb
A bit of a chat with Nassim Taleb – the author of Fooled by Randomness and Black Swans. I have never really been one of Talebs fans since Fooled by Randomness seemed to be a long series of self justifications as to why he couldn’t trade. The central undercurrent of the book seemed to be…
DetailsImaginery Friends
If you thought the responses on our politicians to serious problems was somewhat of a joke consider the case of Texas Governor Rick Perry. Texas is in the grip of a severe drought much like parts of Australia had been. His response is to call for a national three days of praying for rain. TO…
DetailsGold
The markets section of the WSJ is currently running a piece titled the World is Bitten by the Gold Bug. “Gold continued its upward march in a time of global financial tumult, closing above $1,500 an ounce Thursday for the first time as investors seek safe haven in the metal. In a remarkable performance for…
DetailsHow do you spell BUBBLE
Anyone who has been to Vancouver will attest to the fact that it is a magnificent city – one of the few places where you can go sailing in the morning and skiing in the afternoon. In recent years it has been in the grip of a ferocious property bubble that puts the ones seen…
DetailsPredicting the Improbable
Excellent paper by VoxEU.org on behaviour around what are considered improbable events. Predicting the improbable Claus Bjørn Jørgensen Sigrid Suetens Jean-Robert Tyran 22 April 2011 Japan’s trio of tsunami, earthquake, and nuclear disaster has left the world stunned. As this column points out, even the experts were shocked. But while these events were highly unlikely,…
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