Top 10 Hottest Stocks Since 2000: What if You had Invested $100?
A bit of fun for a Monday morning. Source – How Much – Understanding Money
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Thinking About Moby Dick
This quote sprung up as being particularly apt about trading – “There are some enterprises in which a careful disorderliness is the true method.”
The Happiness Ruse
In 1920, the American psychologist John B Watson published the results of one of the more ethically dubious scholarly articles of the past century. Along with Rosalie Rayner, a 21-year-old graduate student at Johns Hopkins University in Baltimore, where he taught, Watson aimed to instil a specific fear in an otherwise normal baby. Until then,…
I Remember Another One
I am back on the theme of idiots in this business. At a conference overseas many years ago LB was talking to a group of female traders who mentioned that they were always losing money trading options. So she enquired a bit deeper. It turns out that the strategy they had been told to use…
Inside the mind of the bullshitter: Science Weekly podcast
This is somewhat appropriate given my ranting and raving this morning…. In 1986, philosopher Harry G Frankfurt wrote: “One of the most salient features of our culture is that there is so much bullshit.” This was the opening line of his seminal essay (later a book), On Bullshit, in which Frankfurt put forward his theory on the subject.…
FFS Can Someone Tell Them How Stupid That Sounds
On a bit of a tear this morning with stupid things I have heard and been sent recently. I had heard someone say that 50%pa is a solid achievable return…..in what f^$ken universe is that realistic. Consider that table below in which I have taken a starting capital of $1,000,000 and compounded it at 50%…
Do You DRP?
I am prone to saying that markets are very generous if you allow them to be – the unfortunate thing is that most traders/investors regard the markets as hostile. This perception of hostility generates a raft of negative emotional responses to every slight perturbation the market might make. This in turn hampers their capacity to…
All That Is Wrong With This Industry
A few days ago I had someone reach out to me via LinkedIn wanting to make contact – the mere fact that someone wants to talk to you via LinkedIn should have actually given it away. Anyway a day later I get the email below which I offer with only one comment. This person is…
The Talk Market: How Stories and Psychology Shape Our Economic Lives
Many people think of the economy as following a set of fairly scientific principles. We buy more if things are cheap. We buy less if they’re expensive. Companies hire more people if it looks like the economy is growing. They cut back if it looks like things are going to tank. Or say you’re in…
Superannuation Again……
Whilst I was away travelling I checked into my LinkedIn account and was greeted with the usual amount of spam and rubbish job offerings but in typical LinkedIn fashion, I was bombarded by ads extolling the virtues of Australian Super. You can imagine my delight when they dropped in an ad with the tagline Proven…
Navy SEALs Use These 4 Psychology Tricks
I was recently keynoting at a company when the presenter before me (an ex-Navy SEAL) took the stage to discuss the importance of succeeding under extreme pressure. It was a topical comment, as this particular company was about to go through an intense period. He shared an training overview video from the Navy SEALs detailing a particularly onerous part of…
Old Trading Documentaries
Fascinating collection of old trading docs hats off to Tracy Alloway for curating this. A little cringe worthy in places but a good way to spend the morning.
The Mentor Program is Opening for Bookings Next Week
THERE IS ONLY A week to go before we open up for booking for the 2020 Mentor Program. The Mentor Program is a 6-month, repeat-for-free, comprehensive training course for traders of all levels. The 2020 program kicks off in February 2020, but we open for bookings on Thursday 7th November. To get access, you need to…
Belief or Data
When I first came into contact with the world of finance I did so having migrated from a world that was somewhat ruthless when it came to intellectual rigour. My expectation was that finance would be similar after all money is important. instead, I found a world that was resplendent in myths, partial truths, assumptions…
The Difference Between Amateurs and Professionals
Amateurs stop when they achieve something. Professionals understand that the initial achievement is just the beginning. Amateurs have a goal. Professionals have a process. Amateurs think they are good at everything. Professionals understand their circles of competence. Amateurs see feedback and coaching as someone criticizing them as a person. Professionals know they have weak spots and seek out…
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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