Here We Go Again….
Trading is a difficult profession – its difficulty comes not so much from mastering the technical aspects since these are always overstated by the magic indicator fools but rather in coming to terms with the psychological and emotional difficulties that arise. In part, these difficulties arise because of perceptions as to how easy trading is…
Inside the Greatest Trade of All Time
There are many worthwhile candidates on Wall Street for the Greatest Trade of All Time. There’s Jesse Livermore’s bet that the stock market would fall in 1929. He pocketed something like $100 million in profit, akin to $1.5 billion today. There is George Soros’ 1992 bet that the British pound would fall against a basket…
Bill Ackman: Getting Back Up
Here are a few highlights from our conversation: I think of philanthropy as something that is not genetic, it is learned, and it was something that my dad reinforced pretty much from the time I was a kid. I’ve always had this view that success is not a straight line up. If you read the stories of…
Your 2020 Burnout Recovery Plan
It was getting dark when I hit the first riffle of my trip down Utah’s Green River in a canoe. My plan was to set out while it was cool and log some mileage before nightfall, but dusk came on quicker than I thought. Because I’d been in a rush to launch, my gear wasn’t…
The Billionaire Who Wanted To Die Broke . . . Is Now Officially Broke
Charles “Chuck” Feeney, 89, who cofounded airport retailer Duty Free Shoppers with Robert Miller in 1960, amassed billions while living a life of monklike frugality. As a philanthropist, he pioneered the idea of Giving While Living—spending most of your fortune on big, hands-on charity bets instead of funding a foundation upon death. Since you can’t…
Most Successful Chimp on Wall Street.
Raven, a six-year-old chimpanzee, became the 22nd most successful money manager in the USA after choosing her stocks by throwing darts at a list of 133 internet companies. The chimp created her own index, dubbed MonkeyDex, and in 1999 delivered a 213 per cent gain, outperforming more than 6,000 professional brokers on Wall Street. More…
The Mentor Program is Your Next Step
Chris Tate and Louise Bedford’s 6-month, repeat-for-free Mentor Program will help you develop a fabulous trading lifestyle, where you call the shots. To get involved, register for Priority Notification. Yes, there’s a waiting list. Yes, a lot of people miss out every year. The only way to get involved is to stick up your hand…
This Untranslatable Danish Word Is The Key To Lowering Stress
Danes are some of the happiest people in the world, and they also happen to have a lot of cool words for ways to be happy. You may have heard about “hygge,” which has been the subject of countless books, articles and commercials. Often mistranslated to mean “cozy,” it really describes the process of creating intimacy. But another word “pyt”—which…
From The Do You Feel Old File
Black Sabbath released their second studio album Paranoid fifty years ago this month.
Stupidest Answer On Google
So for some strange reason ( blame lockdown ), I found myself wondering about the origin of the word stochastic, so I fired up Google and underneath what I was looking for I got the following. So, third in line after me looking up the origin of the word stochastic appears the age-old chestnut about…
Getting Comfortable With Fear And Unpredictability
….Fear is a necessary learned emotion. If we were unable to feel fear in certain situations, we would then be unable to shield ourselves from hurtful or dangerous stimuli. However, fear in excess is more detrimental than it is helpful — often severely impacting our judgments and choices in situations (Lemia, M.C., 2011). According to…
A Little Bit of Friction Can Make Us Better Long-Term Investors
One of the most effective methods for changing our behaviour is to alter the level of friction we face when making a decision. If we want to encourage an action, make it simple. If we want to restrict it, put up obstacles. We use this method intuitively in our everyday life – when we are…
How Ken Griffin Became A Multi-Billionaire Business Tycoon
In 1987, while many of his classmates at Harvard were out partying and living the stereotypical college life, a student named Ken Griffin was already focused on building his future. The 19-year-old was busy developing the skills and laying the groundwork for what would eventually become a financial empire, amongst the largest such firms in…
Japanese Billionaire Laments $41 Million Loss From Day Trading
Japanese billionaire Yusaku Maezawa revealed Sunday he regrets day-trading stocks and losing 4.4 billion yen (roughly $41 million) as the coronavirus pandemic fueled strong market volatility. The founder and former CEO of e-commerce firm Zozo said in a tweet he fell into the trap of short-term trading before learning more about the practice. He also lamented how…
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!
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