What A Dick

I am not a fan of American politics or any sort of politics for that matter. However, I am a fan of Matt Taibbi of Rolling Stone. This is a fascinating piece on how truly screwed US politics is and how it is populated by absolute friggen lunatics. My favourite quotes from the piece –…

Details

Dow

I post this merely as a follow up to an earlier post which concerned the need to engage in the process of trading and not be absorb by endless cogitating on outcomes. One of the distressing things about traders is that many of them simply give up on the eve of what would be a…

Details

Where To Now?

Fridays overnight action saw most world markets lift – even Greece was up. This pop in prices presents a problem for traders since markets have been ordinary for some time. Lacklustre markets such as the ones we have been experiencing have been characterized by false breaks both up and down. These false breaks have the…

Details

Pinker On Violence

I have just been reading an interview with noted psychologist Steven Pinker and three points were worth highlighting from this interview – How do you explain the decline in violence? I don’t think there is a single answer. One cause is government, that is, third-party dispute resolution: courts and police with a monopoly on the…

Details

The Illusion Of Skill

Because our impressions of how well each soldier performed were generally coherent and clear, our formal predictions were just as definite. We rarely experienced doubt or conflicting impressions. We were quite willing to declare: “This one will never make it,” “That fellow is rather mediocre, but should do O.K.” or “He will be a star.”…

Details