Advice On How To Go Broke

This is an early contender for the worst piece of financial advice of the year. My advice… exactly the opposite. The financial press Whether you decide to be a “passive” investor, and put all your money in index funds, or you choose to be an “active” investor, and trade the market, you should know where…

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Lessons On Ageing Well

At the age of 105, the French amateur cyclist and world-record holder Robert Marchand is more aerobically fit than most 50-year-olds — and appears to be getting even fitter as he ages, according to a revelatory new study of his physiology. The study, which appeared in December in The Journal of Applied Physiology, may help…

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The Great Con Continues

Bloomberg recently breathlessly trumpeted the following regarding hedge fund behemoth Bridgewater – Ray Dalio Makes Clients $4.9 Billion in 2016 as Paulson, Soros Falter Their article was accompanied by the following table of returns – When you look at the table $4.9B is a lot of money in absolute terms and it is here that…

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Turn It Up To 11

This Is Spinal Tap co-creators Christopher Guest and Michael McKean, along with the 1984 film’s director Rob Reiner, are now co-plaintiffs in Harry Shearer’s lawsuit against Vivendi and StudioCanal after allegedly being denied rightful profit participation from the rockumentary classic. On Tuesday, an amended lawsuit was filed in California federal court that also ups the damages demanded from…

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All It Takes Is One

I wanted to follow on from yesterdays post and give a more extreme real world example of how thinking in terms of the need to be right is completely wrong but typical of the vast majority of traders. I went back and reviewed some results from the Dow from 2014 – this year stuck in…

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A Question I Often Ponder

Is can you be too stupid to trade and the answer is obviously yes. If you are defeated by how your toaster works then trading is not for you, nor is anything else probably. However, my observation over the decades has been that despite what the industry would have you believe trading is not that…

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Don’t set goals for yourself

A lot of my friends are spending the month of January “going dry” or giving up sugar or training for marathons. I can relate. As a Type-A, goal-oriented masochist, I tend to make deeply ambitious New Year’s resolutions each year. Witness Exhibit A: My resolutions from 2016. I’m embarrassed to say that not one lasted…

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Gold Stocks

In this weeks Talking Trading I mention the idea of taking a strategic observation and making some tactical decisions around it. My global overview is that at present precious metals and in particular gold are moving. This is evidenced by my systems generating buy signals across a variety of time frames. It has been awhile…

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The Science of Making Decisions

Imagine the most mind-numbing choice you’ve faced lately, one in which the possibilities almost paralyzed you: buying a car, choosing a health-care plan, figuring out what to do with your 401(k). The anxiety you felt might have been just the well-known consequence of information overload, but Angelika Dimoka, director of the Center for Neural Decision…

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Why It’s Good To Be Wrong

That human beings can be mistaken in anything they think or do is a proposition known as fallibilism. Stated abstractly like that, it is seldom contradicted. Yet few people have ever seriously believed it, either. That our senses often fail us is a truism; and our self-critical culture has long ago made us familiar with…

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