PEOPLE GIVE IN TOO easily. They crumble, when they should push. They side-step when they should left-hook. Think back to when you were a kid and you really, REALLY wanted that ice cream. Did you take your parent’s word as gospel? Or did you ask, whinge, nag, beg, grovel, whine, stamp your foot and tantrum your…
Things that work I was watching my friend, and money manager of multiple millions of dollars, David Chia present. As he was talking about his system, there were some realisations I reached. Even though we have evolved separately as traders, David seems to have reached a lot of the same conclusions as I have about…
“Before you diagnose yourself with depression or low self esteem, first make sure that you are not, in fact, just surrounding yourself with assholes” – William Gibson.
So often we think that we should be instantly brilliant! (Far out – I know I just started trading last week, but how come I’m not raking in the millions yet? … Sound familiar?) Think of Roald Dahl. He is arguably one of the most successful children’s authors in the world. He wrote Charlie…
The Ugly Truth There’s an ugly truth about being a trader. Once you gain some serious control over your life, your time and your money, not everyone will be your fan. I guarantee that by the time you start to show some of the outward signs of success, you will attract people who will think…
As can be seen from the graphic below the local market has endured an extended period of under performance relative to other Western markets. Yet, its performance is largely in line with a handful of Asian markets. It has long been my view that local investors unfortunately suffer from a Western- centric hangover – in…
What no Purple Haze by Hendrix Click on pic for article
Why does investor panic suddenly take hold? Here, the fourth installment of a new Fortune series on how things spread. Twitter, the social media company that uses a bird for its corporate logo, was the canary in the coal mine. In early February, on a single day of trading, Twitter’s stock fell 24%, to $50 from…
One of the good things about being young is that you can trade stupidity for time – this is the strategic advantage of being young. The excess time you have remaining in your account enables you to recover from the majority of stupid things we all do when we are young. At the AIA conference…
If only we had something left after the mining boom other than a bunch of whinging billionaires and a some big arse holes in the ground….. More here – Norway’s gargantuan sovereign wealth fund, by the numbers
I particularly like these two – 6. DON’T TRY TO FIT IN Too often, we try to fit in with our environment because we think it will help us move forward, but the person who embraces their differences stands out, says Sally Hogshead, author of How the World Sees You: Discover Your Highest Value…
I thought this little snippet belonged in the Its Friday section because surely being rewarded with a multi million dollar bonus for overseeing a financial planning division that committed wholesale fraud is taking the piss……isn’t it? This actually tells you all you need to know about the culture of Australian banks.
There is something in the rationale of people choosing hedge funds as a vehicle that I am not getting. The sales pitch must be amazingly slick or people are still captive to the false narrative that hedge funds are enrichment vehicles for someone other than the manager. Investors poured $70.9 billion into hedge funds in…
More than likely. The interesting thing about this piece is that whilst it is largely directed as the Chinese community and their approach to numerology and its perceived importance in decision making the same sort of irrationality applies universally. You need only pick up a copy of our local trading magazine Your Trading Edge to…
