Rankings & Ease of Doing Business Score
Click here to get the full list. Australia comes in at 19 behind the powerhouses of Estonia, Lithuania, Macedonia, Georgia and Malaysia
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LATEST BLOGS
Why Fighter Pilots know that Quick Reactions are for Losers
‘I plan for the 6th order effect and I do it in about half a second.’ If I had heard that from anyone other than another fighter pilot, I would’ve laughed them out of the room but, from my buddy, Jim – I knew it was true. I flown with him many times before. He…
Lets Talk Equity Curves
In particular lets talk fake equity curves and by fake I mean either made up (fictitious) or curve fitted ( made up by a machine to look really good) Unfortunately trading abounds with these curves and the internet and particular Facebook is littered with curves that purport to show how someone has managed to turn…
Crypto’s
Awoke this morning to note that cryptos had once again fallen out of bed. Coincidentally the good Dr Joe sent me the following t-shirt which he aptly stated was a good t-shirt for people still clinging to the dream of Bitcoin going to $1M – which is a prediction I heard more than once last…
It Is Only A Game
This is a topic that has been turning over in my head for a week now and the reason why it has stuck in my mind will become apparent. Every now and then I get a cluster of emails from people whinging about how hard trading is and I agree trading is a difficult profession.…
Russell 2000 Under Performance?
It is always interesting to look at how various subsections of a market perform over the long term and to try and ascertain what the implications of this might be. The charts below represent the relative performance of the ETF’s that represent the Dow (DIA) the S&P 500 (SPY) and the Russell 2000 (IWM) over…
The benefits – and pitfalls – of working in isolation
When LB and I caught up with Chris Roberts a hedge fund manager based in Hong Kong he made an interesting point during our conversation – he said that trading is not a committee. The implication is clear, trading is a solo endeavour and should be treated and embraced as such. My observation has always…
Against Self-Criticism
I have thought and continued to think a great deal about the relationship between critical thinking and cynicism — what is the tipping point past which critical thinking, that centerpiece of reason so vital to human progress and intellectual life, stops mobilizing our constructive impulses and topples over into the destructiveness of impotent complaint and embittered resignation, begetting cynicism?…
Dismal Hedge Fund Performance
The appalling performance of hedge funds continues. I have taken the yearly data for the HFR Equity Hedge Fund database converted it to the value of $1 invested and compared it to the S&P500 Total Return Index.
Same Old Same Old
One of the things I have noticed about travel is that being human is largely universal – that would seem to be an odd statement that touches on the banal. But the natural human instinct is to think that people who are not like us are different. The tendency is to split the world into…
A Little Laugh
“AND SO MARGERY… tell me about your three sons”. “Well, Peter runs a brothel in the Western suburbs. John is in prison and only has another 9 years to serve.” “Oh – and what about your other son, Margery?” “Well, we don’t talk about Simon much. He’s a trader.”
Think Ahead
IT’S SO ESSENTIAL to have long-term goals. What were you after when you got started trading? The rent paid next month? That’s pretty short-sighted. Or were you after liberation? Financial serenity? Never having to worry whether there was enough money in the bank to go on that overseas trip… first-class. Think about how you want…
Interesting Thought
HERE’S A GREAT thought by Seth Godin: “There’s a common mistranslation that causes us trouble. We say, “I am afraid,” as if the fear is us, forever. We don’t say, “I am a fever” or “I am a sore foot.” No, in those cases, we acknowledge that it’s a temporary condition, something we have,…
Useful phrases to help overcome your child’s anxiety
SOMETIMES IT’S HARD TO know what to say when our little ones come to us with worries. At this time of year especially, some of our little people can feel on high alert. Yes, they’re excited about Santa, but the rush and break of routine can lead them to dwell on worries, rather than revel…
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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