A Reminder of the Slow Grind
Just a reminder of the slow grind in the local market since the GFC and a reminder that you need to look beyond the local market.
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Chaos at the Top of the World
This remarkable photo of a traffic jam on Everest says it all – the accompanying article can be found here – GQ
Jim Simons: The man who solved the market
David Bailey does a good job of summarising Simons remarkable career. Simons’ background hardly suggested that he would one day lead one of the most successful, if not the most successful, quantitative hedge fund operation in the world. Born in 1938 to a Jewish family that operated a small shoe factory, Simons aspired very early…
Sell the NASDAQ and Buy Gold
I love a good conspiracy theory. In the long history of governments and central banks deceiving the people, August 15 1971 was just another date in the calendar. Throughout history, the ruling elite has always cheated the people. But the leaders’ irresponsible actions are always revealed as in the end they always fail. Still, in…
Not All Negative Emotions Are Problems
I recently spoke with an experienced, insightful trader who was experiencing performance anxiety. He was so concerned with losing money that he failed to follow his own rules regarding entering positions, taking profits, etc. As a result, he chronically felt frustrated, because his ideas were good, but his trading was mediocre. More here – TraderFeed
How to Overcome Your Fear of Failure
A client (who I’ll call “Alex”) asked me to help him prepare to interview for a CEO role with a start-up. It was the first time he had interviewed for the C-level, and when we met, he was visibly agitated. I asked what was wrong, and he explained that he felt “paralyzed” by his fear…
Bruce Lee on Self-Actualization and the Crucial Difference Between Pride and Self-Esteem
“Real self-esteem is an integration of an inner value with things in the world around you,” Anna Deavere Smith wrote in her invaluable advice to young artists. But how does one master the intricacies of that integration? That’s what legendary Chinese-American martial artist, philosopher, and filmmaker Bruce Lee (November 27, 1940–July 20, 1973) explores in one of the pieces…
Gold – Silver Relationship
One of the things you learn quite quickly in trading if you have any degree of awareness and humility is that the market will not in any way respond to your exhortations to behave in a certain way. Recently I got a notification from LinkedIn that I was suitable for several jobs that were being…
What It Costs To Live Like The Richest People In The World
It’s pricey out there—particularly if you’re looking to replace the grand piano in your jet. Our Cost of Living Extremely Well Index (CLEWI) climbed 3.4% this past year, more than a point above its 2018 increase. It rose nearly twice as much as the Consumer Price Index, which was up 1.7%. Since we started tracking…
An Academic Wrecking Ball Aims at Hedge Funds
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…
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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