More cleverness by Michael Lewis – I’d like to start by making a confession: It’s never been easy being me. Managing billions of dollars of other people’s money, and countless millions of my own, has been highly stressful. There was a time when I thought my anxiety, not to mention the investigations of my affairs…
God I hope so…….. “We got interested in this idea because there is abundant evidence that higher socioeconomic status — higher income or wealth, higher education — does not boost subjective well-being (or happiness) much at all. Yet at the same time, many theories suggest that higher status should boost happiness.” Bugger…doesnt look like it…
Playboy: If life is so purposeless, do you feel its worth living? Stanley Kubrick: Yes, for those who manage somehow to cope with our mortality. The very meaninglessness of life forces a man to create his own meaning. Children, of course, begin life with an untarnished sense of wonder, a capacity to experience total joy at something…
Things were not looking good for Brian. He’d been kept from the affection of his mother—and all other women—and raised alone by his father, who sexually traumatized him. Normal social interactions were impossible for him. He couldn’t eat in front of others and required a series of repeated, OCD-like rituals before he’d take food. He…
As an intellectual pursuit trading is not a difficult endevour, the rules are quite simple and they revolve around the central tenet of cutting your losses and letting your profits run. This maxim has been with traders for generation and a failure to recognise its importance has even afflicted the greatest traders. The late Jesse…
Earlier this week I reinstated my longs on the Dow – the combination of a breakout to new highs and a low volatility is hard for me to resist and as fate would have it the market decided it would reverse. So what does this mean for this position? At present nothing, markets do…
I am speaking at the AIA Conference in August so if you have the misfortune to find yourself on the Gold Coast aka Bogan capital of Australia drop in and say hello. However, an invitation is not the point of this piece. I have been collating some of my notes from past presentations and came…
Anxiety is our fundamental state for well-founded reasons: – Because we are intensely vulnerable physical beings, a complicated network of fragile organs all biding their time before eventually letting us down catastrophically at a moment of their own choosing. – Because we have insufficient information upon which to make most major life decisions: we are…
I was doing the Market Wrap yesterday for Talking Trading and in my usual look at markets I noticed that the arse had effectively fallen out of volatility in the markets I was looking at. I have dropped in a chart below which shows the 30 day HV of a variety of instruments, I have…
Defining a Sense of Purpose For the study, Carleton University’s Patrick Hill, along with Nicholas Turiano from the University of Rochester Medical Centre in New York, Hill analyzed the lives of more than 7,000 U.S. adults aged 20 to 75 years over a period of 14 years. They found that the people who died during…
To me basic SEAL training was a life time of challenges crammed into six months. So, here are the ten lessons I learned from basic SEAL training that hopefully will be of value to you as you move forward in life. Every morning in basic SEAL training, my instructors, who at the time were all…
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