Prediction Of The Day
Stupid prediction from a soft article in the AFR today. UBS is forecasting the price of gold will remain above $US1500 ($2169) through the middle of 2020, rising to $US1650 an ounce by June 2022. JPMorgan is also expecting an increase, forecasting the gold price will remain higher than $US1500 until at least the end…
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Sleep – The Athlete and Traders Best Friend
What seems to me to be one of the perennial myths about high performance is that you can do it on no sleep – this is the great con of the Silicon Valley tech executive. I have a friend who constantly boasts that they are in the office by 6.00 am every morning and that…
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When Something Works Its Obvious
One of the things with biomedical research of any genre is that so much of any benefit can only be seen with complex and powerful statistical tools. And more often than not these tools are applied to studies that have taken place in a laboratory on populations of mice that have been specially bred for…
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Top 10 Hottest Stocks Since 2000: What if You had Invested $100?
A bit of fun for a Monday morning. Source – How Much – Understanding Money
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Thinking About Moby Dick
This quote sprung up as being particularly apt about trading – “There are some enterprises in which a careful disorderliness is the true method.”
The Happiness Ruse
In 1920, the American psychologist John B Watson published the results of one of the more ethically dubious scholarly articles of the past century. Along with Rosalie Rayner, a 21-year-old graduate student at Johns Hopkins University in Baltimore, where he taught, Watson aimed to instil a specific fear in an otherwise normal baby. Until then,…
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I Remember Another One
I am back on the theme of idiots in this business. At a conference overseas many years ago LB was talking to a group of female traders who mentioned that they were always losing money trading options. So she enquired a bit deeper. It turns out that the strategy they had been told to use…
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