“In much of your talking, thinking is half murdered. For thought is a bird of space, that in a cage of words may indeed unfold its wings but cannot fly.” More here – Brain Pickings
The recipe for succeeding in any given field is hardly a mystery: good ideas, hard work, discipline, imagination, perseverance and maybe a little luck. Oh, and let’s not forget failure, which Dashun Wang and his colleagues at Northwestern University call “the essential prerequisite for success” in a new paper that, among other things, is based…
If you are one of those then suck it up Princess you have no idea how lucky you are to even contemplate trading as a career.
Trading is awesome, horrific, delightful and agonising – often all at the same time. You’re going to want the support of a Mentor who has true longevity in the markets, and can teach you to tiptoe through the minefield. You’ve gotta work smarter. Some of the hardest working people I’ve ever known were just digging…
Ever been confronted with a decision that seems so hard, so confusing, so ambiguous that you’ve chosen to avoid that decision entirely? Sure… we all have. I’ve got a valuable shortcut for you that can be applied to every area of your life. Ask yourself… “What would a smart person do?” Then, go do that. For goodness…
In April of 1958, Hunter S. Thompson was 22 years old when he wrote this letter to his friend Hume Logan in response to a request for life advice. Thompson’s letter, found in Letters of Note, offers some of the most thoughtful and profound advice I’ve ever come across. More here – Farnham Street
Dire predictions of imminent stock-market doom are a recurring feature since the 2008 financial crisis, and one fund industry executive has had enough. Michael Cembalest, the chairman of market and investment strategy for J.P. Morgan Asset Management, rounded up apocalyptic predictions from a range of commentators, including famed investor George Soros, bond-market giant Jeffrey Gundlach,…
You’ve got to wonder: “How long can Chris and Louise keep this up? They’ve been running the Mentor Program for 20 years… it’s the longest running repeat-for-free trading Mentor Program in the world. When are they going to quit?” Well, it’s a good question. We’ve toyed with the idea. Played with it, like a cat…
Stupid prediction from a soft article in the AFR today. UBS is forecasting the price of gold will remain above $US1500 ($2169) through the middle of 2020, rising to $US1650 an ounce by June 2022. JPMorgan is also expecting an increase, forecasting the gold price will remain higher than $US1500 until at least the end…
What seems to me to be one of the perennial myths about high performance is that you can do it on no sleep – this is the great con of the Silicon Valley tech executive. I have a friend who constantly boasts that they are in the office by 6.00 am every morning and that…
One of the things with biomedical research of any genre is that so much of any benefit can only be seen with complex and powerful statistical tools. And more often than not these tools are applied to studies that have taken place in a laboratory on populations of mice that have been specially bred for…
A bit of fun for a Monday morning. Source – How Much – Understanding Money
This quote sprung up as being particularly apt about trading – “There are some enterprises in which a careful disorderliness is the true method.”
