Monday Is Bin Day
Monday morning is bin morning in my suburb so on Sunday evening everyone in my street collects their gaggle of variously coloured bins and parks them on the nature strip ready for collection. This morning I get and open the curtains and spy a tradies ute parked right in front of the bins thereby making…
Why leaving it to “Ron” is always a bad idea – Michael Yardney
Most people have met “Ron” but probably don’t realise it. Ron is not some long-lost Great Uncle or even the person you always smile at the local café but never got around to learning their name. No, that is because Ron is short for “Later Ron”, which is that old chestnut that’s also called procrastination.…
There Is No Magic
LB and I have just wrapped up the final in our series on full time trading. For the most part they have been enjoyable except for one twat who complained that it was unprofessional of LB to not present when she was suffering from severe laryngitis. Presenting for the first time in years is an…
Its The End Of The World As We Know It
Bored with the usual headline of the looming war with China, North Korea, Russia and the Packenham Upper Under 12B’s the Murdoch press has now turned its hyperbolic panic based radar onto the housing market. Apparently that house you bought last year for $3M is now worth one ugly camel, a distributor from a Datsun…
Paul Tudor Jones: Investing in a More “JUST” World
Legendary investor and philanthropist Paul Tudor Jones talks to Goldman Sachs’ Lloyd Blankfein about the guiding principles that have driven his life’s work, from finance to philanthropy. Click here for full transcript and player
Really
I saw this piece over someones shoulder whilst having lunch yesterday and I thought I must have misread it. You know those times when something flashes into your view and you make a snap judgement about what it was and your initial guess seems stupid and is proved to be so upon revision, It does…
Happy Anniversary
We are approaching the ten year anniversary of the implosion of Lehman Brothers and the subsequent meltdown in the financial system that precipitated the GFC. As always it is instructive to look back in history and see what lessons can be learned. Although I will offer a spoiler – there is nothing new to be…
Fun With Coin Tossing
It may sound weird but I really like playing with software that simulates distributions – it probably comes from when I had a semester free at Uni and simply took subjects that looked interesting. One of the ones I dropped into was Mathematical Ecology which is largely the mathematics of natural distributions. I found it…
How To Upset People
You would have thought that someone like me would have already explored all the ways in which you can upset people but over the past few days I have managed to discover two more. Tell people they are living the life they have created. This is simply a variation on the old theme of you…
How to Make a Big Decision
In July 1838, Charles Darwin, then 29, sat down to make a decision that would alter the course of his life. The decision he was wrestling with was not related to scientific questions about the origins of species. It was a different kind of decision — existential as well, but of a more personal nature:…
The Shipping Forecast
I have always been fascinated by this….. Four times every day, on radios all across the United Kingdom, a BBC announcer begins reading from a seemingly indecipherable script. “And now the Shipping Forecast issued by the Met Office on behalf of the Maritime and Coastguard Agency,” says the voice over the wire. “Viking, North Utsire;…
The Joy Of Irrelevant Self Importance
For more than a quarter century, Wall Street analyst Mike Mayo has danced to the steady beat of corporate America. His work habits, his family events, his social life, even his workouts and vacations — all have been dictated by the seemingly immutable cycle of quarterly earnings reports. Four times a year, forget about everything…
Things That Get Lost In The Mix
Unfortunately the archetypal image of a trader is of an individual who is constantly on the move. In the old days the appearance of a trader would include the endlessly repetitive scenes of someone yelling down the phone to their broker issuing a constant stream of instructions. Nowadays the image might be of someone using…
THE LONGEST RUNNING REPEAT-FOR-FREE TRADING MENTOR PROGRAM IN THE WORLD
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