Trading is a profession that is founded upon being wrong but still being profitable despite this.

Time to make yourself smarter.

I always find it intriguing that fund managers have to go to such lengths to justify their stance on issues – the interesting point is most of it seems like after the fact rationalisation. This is an example of such long winded thinking, unfortunately it also contains that the use of rational economic thinking to…

I enjoy capitalism and capitalism via trading because it gives you almost immediate feedback as to your success or failure – there is no need to wait a round to see how things went. The one thing that does give me a chronic case of the squirts is corporate welfare, we have already had the…

Via I Love Charts

Interesting that our top tax rate of 45% kicks in at $180,000.

This blog picks out the eyes of Cleese’s presentation but it is worth sitting though the entire thing.

Someone dropped this wonderfully insightful image into my inbox this morning. Apparently  it dates back to 1908 – my interpretation of this is that sheep, be they those who just follow or those without a committed opinion get run over by those that do when markets begin to move.

If I am reading this correctly, what they are saying is that forecasting is a waste of time. Perhaps they should have consulted the extensive work of Philip Tetlock before going to the trouble.