As a therapist, the number-one goal I hear from my patients is: “I just want to be happy.” I ask, “What would being happy mean to you?” The answers range from “Everything I wish for will happen” to “I will feel good all the time” to “I won’t ever feel sad or disappointed.” These patients…
The current crop of mentorees have just finished the first half of their course and are waiting to start to the final three months. One of the new group penned this list of what he had lost courtesy of the program. The illusion of specialness – “Yep I was one on them. I thought things would…
Most sports fans and athletes believe in hot streaks. A basketball player who has hit several shots in a row, the thinking goes, has a greater chance of hitting the next one, due to a “hot hand.” Think of Golden State Warriors guard Stephen Curry, who recently hit 77 straight three-pointers in practice. Yet for a long…
During the week I posted a link to some remarkable charts coming out of China. These show what a market in the grip of mania look like. The chart below is what a market that is struggling to get out of bed looks like.
And I am about to jump a plane to speak at Michael Yardneys Wealth Retreat but before I go, a little something that reinforces the first rule of Buddhism – dont be a dickhead….
Weaver’s five-day run as the oldest person in the world was short, but it turns out that the oldest person in the world never holds that title for very long. Since records started being kept in the 1950s, the average tenure has been just around a year, according to the Gerontology Research Group; it has…
I got bounced the snippet below by a punter who had taken it from The Reformed Broker This particular punter has a penchant for anything that indicates that the market might be about to have a correction of any sort. As such they are drawn to this sort of analysis. The drivel about trailing PE’s…
I was having a Q&A yesterday with Caroline Stephen the boss of Talking Trading and many of the questions that folks had sent in for discussion revolved around how hard trading was. I agree there are some aspects that are hard but then it could be worse, you could be doing this for a living.…
This is the S&P500 % of stocks above there 200 week moving average. Hard to sustain new highs when there is not a lot of action in the underlying stocks.
There is no rational basis for these phenomena “A major study by the economists Xavier Gabaix and Augustin Landier, who happen to believe that current compensation levels are economically efficient,” writes the New Yorker, “ found that if the company with the 250-most-talented CEO suddenly managed to hire the most talented CEO its value would increase…
