Do Experts Know Anything?…..Probably Not…
This has been a terrible day for experts. Economic professionals were overwhelmingly of the opinion that leaving the European Union would hurt the United Kingdom. And until a few hours ago, the consensus of public opinion experts — at least if one uses prediction markets as a proxy — was that voters would in the end…
S&P500 Still Stuck
Despite a good showing last night the S&P500 is still stuck in an extended sideways move.
Led Zeppelin Wins ‘Stairway to Heaven’ Jury Trial
Led Zeppelin has beaten a lawsuit claiming that the iconic guitar riff in “Stairway to Heaven” was copied from Spirit’s 1968 instrumental “Taurus.” On Thursday, after a week’s worth of testimony and arguments, the jury came back with its verdict in a case that’s been decades in the making. At trial, Led Zeppelin members Jimmy…
Clients And Operators
So I am sitting with my feet on the desk contemplating visiting the girl who buys clothes for me at David Jones at lunchtime, my visits down to DJ’s were always full of little surprises. Before I could drag my arse out of my chair my phone rings. This time it is actually one of…
There Is Always One…
This weeks current episode of Talking Trading ruffled the feathers of at least angry inch. LB received an email from someone complaining “that you feminists complain about the littlest things” My response was that his wife must have been talking about the size of his penis again……
Of Brexit And Bad Teeth
With the Poms shortly to decide whether or not to stay with Europe or go it alone the following graphic from the WSJ is interesting. As you can see the Pound has had a crisis of confidence at least once a decade since the the end of the Second World War. It has been interesting…
S&P 500 And Election Years
With the circus that American laughingly call an election year in full swing I wondered what the had happened to the market during previous election years. So with a rainy Friday afternoon, Google, and a truck load of historical data it was time for some dodgy excel. The chart below looks at the return of…
Ego Is The Enemy
Under Genghis Khan’s direction, the Mongols were as ruthless about stealing and absorbing the best of each culture they encountered as they were about conquest itself. Though there were essentially no technological inventions, no beautiful buildings or even great Mongol art, with each battle and enemy, their culture learned and absorbed something new. Genghis Khan…
How Far Can Oil Rally….I have No Idea Nor Does Anyone Else
For reasons unknown this piece from the Sydney Morning Herald popped into my inbox the other day. I haven’t had much of a look at it but it looks like the usual journalistic misunderstanding of how the world works and there are only two points worth making. Firstly, for every option buyer in the world…
The Art Of Being Uncomfortable.
Yesterday LB and I caught up with Mark B one of our original Mentor Program graduates for lunch. As one might expect the conversation turned to trading and Mark made the excellent point that trading is about managing being uncomfortable. This discomfort can come at any time in the trading process and the trader has…
Mindfulness
Click the pic to be taken to the segment http://www.abc.net.au/catalyst/stories/4477405.htm
