Bill Gates On Enthusiasm And Open Mindedness
Short three minute piece. PS Gladwell is still wrong about the 10,000 hour rule. Talent beats practice anywhere, anytime……
The Value of the Dow In Gold
Here is another one of those charts valuing the Dow in gold. When someone figures how the f$5k this helps in their trading let me know.
Antifragile – How To Make An Unstable World Strong
This is an excerpt from an interview with Nassim Nicholas Taleb the author of Fooled By Randomness and The Black Swan I am not a raging fan of Taleb but this is very well put. Are you saying that capitalism is good, but that 21st-century capitalism has gone too far? What we do today has nothing…
Drive For Show…..Putt For Dough
There are a lot of similarity between golf and trading. Both are fundamentally mental activities and the person who makes the fewest catastrophic errors wins. Golfers are also prone to the same sort of magical thinking that afflicts traders – if I use so and so’s clubs then my game will get better. Which is…
Correction Ahead……Apparently
I offer the following chart and implied prediction from the WSJ without comment….. Well maybe one comment…….
Amazon
Excellent piece on Amazon and its CEO Jeff Bezo. The part that intrigued me was this – Make no mistake, Amazon rewards its teams. It’s just that restricted stock that becomes valuable only over time — and more valuable only if the company succeeds — is the primary reward. For example, Jeff Wilke, who runs Amazon’s…
Apple Versus Microsoft
I came across the chart below on the weekend. Source – Why Microsoft Beats Apple Unfortunately, it was accompanied by the following quote – Today, those old rivals MicrosoftMSFT -0.53% and AppleAAPL +0.39% both look like inexpensive stocks. Microsoft could be the better value. Not only is it cheaper than Apple relative to its earnings per share, but Microsoft’s…
Which Bit Should We Be Surprised About?
Human intelligence ‘peaked thousands of years ago and we’ve been on an intellectual and emotional decline ever since’
Growth or Bust
If there were more corporate collapses, the economy would be a healthier place Given the collapse of Comet last week, here’s a contrarian claim: far too many companies are staying solvent, avoiding bankruptcy and continuing to trade despite the troubled economy. If only we had a few more corporate collapses, the economy would be a…
Weekend Reading
Venice Under Water Pundit Shaming After Sandy, a great and complex city reveals traumas new and old An ancient civilization’s wet ascent, dry demise Before and After Superstorm Sandy
THE LONGEST RUNNING REPEAT-FOR-FREE TRADING MENTOR PROGRAM IN THE WORLD
Want to be an exceptional trader? Learn from the best. Chris and Louise have found the way to take the guesswork out of share trading.They can teach you how to do this too!
WANT TO HEAR MORE?
Want to learn every instrument, over every time frame, where you trade your own plan?