The Mind
And Now Something About Volatility.
Here is a news flash for. Nobody in the financial media has any understanding of volatility at all – if you are surprised then you probably shouldn’t be trading. Much of the talk surrounding the issues with Greece have centred around how volatile markets have become, these statements are made without even understanding what volatility…
Before Everyone Drops Their Bundle….
It is always good to take a step back from media hype and bluster about the world ending and actually look at what is happening in the markets. I headed off to training this morning with some peanut on the radio jabbering on about how the Dow had collapsed some 350 points and I thought…
Greece
I have just done the Market Wrap for Talking trading and part of the conversation was regarding Greece. The thing I find intriguing about the markets reaction to the prospect of Greece being booted out of the EU and defaulting on its loan obligations is that everyone is surprised that it is happening. Defaulting on…
Its So Hard To be Super Rich
The new rich have developed their own annual migration pattern. While the wealthy of the past traveled mainly for leisure and climate — the ocean breezes of New England in the summer and the sunny golf greens of Palm Beach in winter — today’s rich crisscross the globe almost monthly in search of access, entertainment…
The Loneliness of the Short-Seller
Betting against the market is not worth the expense, either. To take a short position, traders sell borrowed stock in a company they think is overvalued with the hope of buying it back at a lower price. If the stock price goes up instead, short-sellers have to buy more stock in order to “cover” the…
A Bit Of A Worry But Not Surprising
A recent survey has found many Australians have low financial literacy; don’t understand how mortgages work or how the RBA cash rate affects them. The survey conducted by super fund-owned bank ME of 1000 people found that almost half of Australians admit to being uninformed about the mortgage market. Furthermore, 40 per cent of survey respondents did not…
From The Land Of Dodgy Correlations
This dodgy idea actually popped into my head during a discussion the other night. For some reason I found myself sitting in a McBogan Cafe waiting for a kids party to end….its a long story and there are no cafes open (or even in existence) in the suburb that the party was being held in.…
I Once Tried To Cheat Sleep, And For A Year I Succeeded
We were aware that difficulties were bound to arise, but we didn’t realize how bad sleep deprivation truly feels. Alex went back to being monophasic, but I was determined. To make it work, I changed to an easier sleep schedule: the Everyman, where I slept for 3.5 hours at night and took three 20-minute naps…
