Can More Information Lead to Worse Investment Decisions?

It is without question that investors now have easy access to more information than ever to guide decision making; optically, this surfeit of data appears to be a positive – who doesn’t want more ‘evidence’ to inform their judgements? Yet there are a number of potential drawbacks, most notably the challenge of disentangling signals from…

Read more

Odd Things I Have Heard 1

In finance you get to hear all sorts of odd things – it must be the type of people the industry attracts. However, some stick in the mind more than others. Some time ago LB and I had a meeting with a group and we discussed numerous ideas, none of which went anywhere, the reason…

Read more

To Profit Take Or Not

Recently on LinkedIn I saw a piece that was extolling virtues of profit taking, a strategy I am vehemently opposed to. The piece used words such as greedy to try and generate some form of emotional response in the reader – as if being greedy is a bad thing. In trading it is the only…

Read more

Governments, Economies and The Market

In yesterdays video I talked briefly about eliminating the noise that seems to be so predominant today. Part of this noise tries to generate a cohesive narrative that mixes politics, the economy and the market and to impose a relationship where there is probably none. Governments come and go economies travel in fits and spurts…

Read more

Kind or Hostile

I was recently listening to the 100th episode of the Michael Kitces podcast with Joe Duran to learn about how Duran used data analytics to help build and scale a $24 billion wealth management firm.  However, it wasn’t the machine learning or the data-driven decision making that stuck with me the most.  It was something Duran said at the end of…

Read more

If You Feel Thankful, Write It Down. It’s Good For Your Health

…..And noting your gratitude seems to pay off: There’s a growing body of research on the benefits of gratitude. Studies have found that giving thanks and counting blessings can help people sleep better, lower stress and improve interpersonal relationships. Earlier this year, a study found that keeping a gratitude journal decreased materialism and bolstered generosity among adolescents. In another study from August, high school…

Read more


1 million seconds is abut 11 days. 1 billion seconds is about 31.5 years. I cannot remember where I heard the example above but it is a wonderful example of peoples inability to understand scale particularly when it involves orders of magnitude change. In part it relates to why people cannot understand why a loss…

Read more

How To Avoid Toxic People

The DSM-5 says that roughly 15% of people meet the criteria for a personality disorder. And most of them are never diagnosed. Now you’re not a psychiatrist and neither am I, so we shouldn’t run around diagnosing people… But we can learn enough to recognize if someone is a “high-conflict person”, reasonably give a diagnosis of “no good for…

Read more

Hazard Versus Risk

As the year draws to a  close on a down note my inbox is full of wonderful end of the year offers promising me that they can save me from the next crash, which is very kind of them. These offers are a mix of divine prediction and the packaging and selling of common tools…

Read more


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!


Want to learn every instrument, over every time frame, where you trade your own plan?