The researchers found that people who were both successful and happy over the long term intentionally structured their activities around four major needs: Happiness: They pursued activities that produced pleasure and satisfaction. Achievement: They pursued activities that got tangible results. Significance: They pursued activities that made a positive impact on the people who matter most.…
This is the UBS Stamford trading floor circa 2008 – apparently it covered an area of 23 basketball courts. And this is the same floor today.
In decision making the quality of any decision you make is bounded by a series of strictures, the time you have to make the decision, the quality of the information you receive and your cognitive abilities to process the information you receive. Decision making can never be perfect because no collection of these inputs will…
The chart below from the website Chart of the Day has been doing the rounds of late. A variation on this chart has also appeared in Bloomberg and has been passed around a variety of news outlets. I am always interested in these sorts of charts and the narrative they are trying to convey. My…
“It’s like a comedy of errors,” Madoff told Soltes. “To cover the losses, I decided to take in money from hedge funds. And in order for me to do that, I had to commit to a long-term strategy that I wouldn’t send the money back [to investors]. I kept taking in more money, figuring that…
Think that blabbing about your goals all over social media makes you more likely to fulfil them then think again. When Intentions Go Public from Trading Game Pty Ltd
A British app founded by three Cambridge graduates that predicts the next word you want to write using artificial intelligence has been bought by Microsoft for £174 million – but one of the three missed out after selling his stake for a bicycle. Chris Hill-Scott, who set the company up with Jon Reynolds and Ben Medlock in…
When Brian Wilson first heard the Beatles’ 1965 album Rubber Soul, he was so astonished by the album that the next morning, he went straight to his piano and started writing “God Only Knows” with his songwriting partner Tony Asher. Wilson knew that Rubber Soul — an album that contained the most mature songwriting from John Lennon,…
One of the growing problems I have noticed over the years with trading is the increasing amount of data that is available to traders. In the good old days we had the reverse problem, getting any information was difficult. Even finding out the closing prices in the US could be tortuous. The internet has completely…
Now that the jingoistic gush fest that is the Olympics is over we can all recover from the notion that every Australian athlete who actually performed up to expectations was a genius and that those that failed to do so still had a big future in front of them (most likely in hospitality) we can…
Imagine that you’re on a television game show and the host presents you with three closed doors. Behind one of them, sits a sparkling, brand-new Lincoln Continental; behind the other two, are smelly old goats. The host implores you to pick a door, and you select door #1. Then, the host, who is well-aware of…
