Another reason to get your arse off the couch. In the 1990s researchers announced a series of discoveries that would upend a bedrock tenet of neuroscience. For decades the mature brain was understood to be incapable of growing new neurons. Once an individual reached adulthood, the thinking went, the brain began losing neurons rather than…
One of the things that is often overlooked in trading is the role that dividends play in wealth creation. I have posted before about the role of DRP schemes in bulking up returns over the long term and since it is a blisteringly hot day in Melbourne (actually too friggen hot to get in the…
Quick answer … No To answer this question, we develop new testing methods for identifying superior forecasting skills in settings with arbitrarily many forecasters, outcome variables, and time periods. Our methods allow us to address if any economists had superior forecasting skills for any variables or at any point in time while carefully controlling for…
Humans are drawn to magical thinking for a variety of reasons, in part, it gives order to where there is chaos and we are very poor at sitting with chaos. It also separates us from others so our belief in our form of magic is a form of tribalism – we have access to an…
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.
This remarkable photo of a traffic jam on Everest says it all – the accompanying article can be found here – GQ
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…
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…
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
