LATEST BLOGS

FINANCIERS FIGHT OVER THE AMERICAN DREAM

A long read but worth it. In the past I have written about the danger of combining hubris with concentration bets. One day in the summer of 2011, Christine Richard arrived at the forty-second floor of a high-rise on Fifty-seventh Street in Manhattan to visit a hedge fund called Pershing Square Capital Management. Richard worked…

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Success

When I first went to university the initial week was filled with the usual getting to know the lay of the land such as how the library works (in a surprisingly mysterious way I might add), where various labs where and what the protocol for various subjects was. One of the most striking events was…

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Bias

One of the interesting things about trading is its inherent simplicity – you simply have to have some form of mechanism for gauging what the current bias of market participants is. They are either predominantly bullish or bearish – once you work that out the rest is padding to make yourself feel clever. However, there…

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THE SUBTLE ART OF NOT GIVING A FUCK

In my life, I have given a fuck about many people and many things. I have also not given a fuck about many people and many things. And those fucks I have not given have made all the difference. People often say the key to confidence and success in life is to simply “not give…

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S&P/ASX 200 Volume

I was looking at the chart below of the ASX 200 and its volume. As you can see below the chart whilst looking reasonably standard has two points of interest for me. Firstly, the trace of volume  by coincidence  looks like a nice little bell curve, with the peak occurring as we initially bounced out…

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The Misguided Beliefs of Financial Advisors

Below is the abstract from this paper – The Misguided Beliefs of Financial Advisors A common view of retail finance is that conflicts of interest contribute to the high cost of advice. Using detailed data on financial advisors and their clients, however, we show that most advisors invest their personal portfolios just like they advise…

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The 100 Most Overpaid US CEOs

This piece by the Harvard Law Review is wonderfully comprehensive and can be downloaded from here. There is a summary posting here if you want the Readers Digest version. However, I would suggest downloading the entire thing. This charts stands out as highlighting the miserable performance of the most overpaid CEO’s . Once you read the…

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THE LONGEST RUNNING REPEAT-FOR-FREE 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.
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