LATEST BLOGS
Against Cheerfulness
I once ended up at a Boy Scout ceremony in the northeast United States, where I inhaled the American spirit unfiltered. The boys’ uniforms had Stars-and-Stripes patches sewn on next to their badges. We recited the Pledge of Allegiance in front of an oversize US flag, and we prayed to America’s vague God, giving thanks…
The Peculiar Blindness of Experts
The bet was on, and it was over the fate of humanity. On one side was the Stanford biologist Paul R. Ehrlich. In his 1968 best seller, The Population Bomb, Ehrlich insisted that it was too late to prevent a doomsday apocalypse resulting from overpopulation. Resource shortages would cause hundreds of millions of starvation deaths within a…
Final Thoughts – May 2019
MY NIECE WAS THREE at the time. A trip to the historical mansion, Ripponlea, seemed like a great way to share this sparkling Spring day. Hand in hand, arms swinging, we ventured through the ornate metal entrance gate. A majestic peacock turned to face us, looked my niece directly in the eye, and I imperceptibly…
Strengths vs Weaknesses
IS IT BETTER TO work on your weaknesses, or to focus on developing your strengths? When you’re working on your weaknesses, it is like staggering through half-set concrete. Dirty. Agonising. Demoralising. I’ve personally found that my weaknesses are so huge, gaping and embarrassing. For example, I’m so locationally dyslexic that sometimes I get lost after…
What’s Your Trading Blind Spot?
WILLIAM JAMES’S LIFE sucked. As a child, he faced debilitating health issues – constant vomiting, blindness in one eye and hideous back spasms. His siblings were brilliant goody-two-shoes-show-offs, and all William could do is look at them with envy. William’s Dad, through his connections, managed to get him into Harvard Medical School. William HATED it.…
Yes, They Saw My Undies
I’D JUST FINISHED presenting. A roar of applause. I glided towards the edge of the stage to make my carefully timed exit. High heels. Professional. A new flowing dress. And then… on the first step down from the stage, I stumbled. Not a graceful little skip, like you see in the soap operas. No, no,…
The Three Levels of Self Awareness
Self-awareness is like great sex: everyone thinks they have a ton of it, but in reality no one knows what the fuck they’re doing. The fact is that the majority of our thoughts and actions are on autopilot. This isn’t necessarily a bad thing either. Our habits, routines, impulses, and reactions carry us through our lives…
Getting Ahead By Being Inefficient
Trying to be perfect is a waste of time. Many of us feel constant pressure to adapt perfectly to our environments, especially our workplaces. Don’t waste time, we’re told. Maximize the output of your moments. Minimize your energy expenditure. If you aren’t getting great, someone else is, so before you collapse into a heap of…
What We Want Doesn’t Always Make Us Happy
Much of modern economic theory is based around a simple idea: Human beings maximize utility. But what is utility? Many people think of it as happiness or pleasure; British philosopher Jeremy Bentham, the inventor of utilitarianism, conceived of it this way. But this isn’t how modern economists think of the concept. To an economist, utility simply means…
Bullshitters. Who Are They and What Do We Know about Their Lives?
Bullshiters – Who Are They And What Do We Know About Their Lives from Trading Game Pty Ltd
The Futility of Market Timing
This old chestnut has raised its head courtesy of this article that dropped into my LinkedIn feed. You can read the article at your leisure if you wish. The basic conclusion it comes to is that market timing as defined by picking the perfect day on which to invest is not worth the risk.The article…
But When Do I get Paid?
When you begin to engage markets on any level you naturally bring with you a set of behaviours and expectations that have been developed over the life of your working career. First and foremost of these is the notion of getting paid, after all nobody does anything for free. The expectation of a salary being…
The Art of Blooming Late
Mozart was a celestial genius, but he struggled like a mere mortal during his teens and early twenties. Though already a prolific composer, he had to work as an organist and concertmaster in his native Salzburg to make ends meet. Underpaid, unfulfilled, and hemmed in by his frustratingly average gigs, he felt a burning desire…
The Psychological Dangers Of A Sedentary Life
The central predicament of human life is that we neither possess completely free will, nor are we completely determined by external circumstances. We set and pursue goals, only to become waylaid by habits and distractions. Often we know the patterns in our lives that we would love to change–from overeating to taming our tempers–but still find ourselves falling into…
How Hedge Funds Get Rich
I used to think that those that ran hedge funds got rich because of their incredible returns. Then I heard about the 2 and 20 fee structure that most hedge funds charged. The typical hedge fund fee structure (historically) is 2% of assets under management and 20% of all positive returns. Therefore, if you gave…
Selfie Deaths Are an Epidemic
A recent report found that 259 people died between 2011 and 2017 while stepping in front of the camera in often dangerous destinations. Our writer went deep on the psychology of selfies to figure out what’s behind our obsession with capturing extreme risk-taking. More here – Outside Online PS: I could be churlish and say…
THE #1 TRADING MENTOR PROGRAM IN THE WORLD
Want to be an exceptional trader? Learn from the best. Chris and Louise have found the way to take the guesswork out of share trading.They can teach you how to do this too!
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