I recently read War and Chance by Jeffrey A. Friedman, which considers how foreign policy specialists deal with the uncertainty that surrounds their high stakes decisions. Friedman focuses on an historic reticence to explicitly discuss either probabilities or confidence levels when making subjective judgements. Whilst the impact of decisions made around the whereabouts of Osama bin Laden…
As anyone who has had the patience or misfortune to listen to me speak on trading for more than five minutes will well be aware, I am fond of saying that trading is simple but not easy and it is. It only consists of three rules, if it is trending up buy it, if it…
The Mentor Program is a 6-month, repeat-for-free, comprehensive training course for traders of all levels – and our results speak for themselves. When we opened up for booking for the 2021 Mentor Program, there was a scramble. A flurry. A crazed run at the gate as people came on board. You are going to want…
Kate Baecher and her mountaineering group were being guided over a dangerous traverse in Europe a few years ago when a climber in the party ahead of them fell hundreds of feet to her death. Baecher, a Sydney-based psychologist, military veteran, and avid mountaineer with a background helping people perform in high-stress situations, kept her cool…
When we opened up for booking for the 2021 Mentor Program, there was a scramble. A flurry. A crazed run at the gate as people came on board. The Mentor Program is a 6-month, repeat-for-free, comprehensive training course for traders of all levels – and our results speak for themselves. You are going to…
It was getting dark when I hit the first riffle of my trip down Utah’s Green River in a canoe. My plan was to set out while it was cool and log some mileage before nightfall, but dusk came on quicker than I thought. Because I’d been in a rush to launch, my gear wasn’t…
“All of humanity’s problems stem from man’s inability to sit quietly in a room alone”. More here – Investor Amnesia
THERE IS ONLY A week to go before we open up for booking for the 2021 Mentor Program. The Mentor Program is a 6-month, repeat-for-free, comprehensive training course for traders of all levels. The Mentor Program kicks off in February 2021, but we open for bookings on Thursday 5th November. To get access, you…
Recently I had a very early morning chat with Dr. Richard Shuster regarding how trading is the simplest of endeavors in terms of its rules but one of the hardest in terms of its actual execution. The reason being simple – we are human and humans are flawed. Click the player image below to be…
If you already see hedge fund fees as exorbitant, you ain’t seen nothing yet. Over the past two decades, the hedge fund industry has kept 64 cents of every dollar of gross profits that it has generated above the risk-free rate. You’d be excused for thinking this is a mathematical impossibility. The predominant fee arrangement…
The number one problem I currently hear from portfolio managers, team members, and traders in financial markets is “burnout”. That’s not surprising, given the list of challenges from 2020: Keeping up with markets that have changed trends multiple times within the year; Maintaining perspective amidst uncertainties regarding COVID-19 and implications for health and safety; Working…
On April 20, something occurred that was unprecedented in the history of financial markets: The price of oil went negative. It wasn’t the case that the cost of a barrel had fallen to some scary-low number. It actually went below zero, meaning there were traders out there who would pay you to own oil. It…
Take five underemployed pilots. Give them intense markets training, add in an investment portfolio to experiment with, pit them against a control group from other backgrounds, and see what happens. That is what a small London-based trading firm did in August, hoping to prove the “discipline, control, process and self-awareness” that pilots show in the…
If this doesn’t make you day then you are probably dead from the neck up.
