Quant investing, and indeed much of the hedge fund industry, is built on the power and freedom that come with the ability to sell short. When you short a security (borrow and then sell it, meaning you make money if the price falls and you then re-buy it), you can profit when markets go down as well…
PS: I accept that technical analysis is a broad church that encompasses everything from pseudo religous beleifs such as Gann and Elliot Wave through to the idiocy sunspots and astrology, to those who plaster their chart with indicators and ending up with simpletons such as me who simply trade in the direction of the trend.…
Erecting a new building ranks among the most inefficient, polluting activities humans undertake. The construction sector is responsible for nearly 40% of the world’s total energy consumption and CO2 emissions, according to a UN global survey (pdf). A consortium of Swiss researchers has one answer to the problem: working with robots. The proof of concept comes in…
There are only 3 days until we close-off bookings for the 2020 Mentor Program for good. Miss this one and you’ll be kicking yourself for years to come. Earl Nightingale is quoted as saying “a time can come for each of us when more will happen to us in 6 months than transpired in the previous 5 years. Compound events…
“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…
