From The More Money Than Brains File
A Ford GT owner in Boca Raton, Florida crashed his recently purchased supercar into a tree Friday evening because he was “unfamiliar with how to drive stick shift,” police say. The driver, 50-year-old Robert J. Guarini, told cops he lost control after downshifting while leaving his housing development at around 6 p.m, a police report says. This…
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Averaging Down Is Friggen Stupid
One of the eternal truths about trading is that it is conducted by humans and humans are flawed. This is simply the nature of the universe. However, what this means is that all humans irrespective of culture, background, or education are prone to making the same errors. There is a great myth in markets that…
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Change The World – Perhaps Not
RobinHood (HOOD) was supposed to redo the way people “did” trading by removing what was considered the old stuffy Wall Street way of doing things by effectively gamifying trading. Perhaps not today. What the likes of HOOD, PTON, and ZM demonstrate is that the one constant in markets is that history repeats. Irrational exuberance is…
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Early Candidate For Ugliest Chart of 2022
If ever you find yourself in awe of hedge funds there are two things I recommend you do. Firstly read The Hedge Fund Mirage by Simon Lack Secondly, refer back to this chart.
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Funny If True….
PS: I have a very vague recollection of a trader in the 1980’s being caught in a similar manner with copper.
The 120-MPH, 35,000 Feet, 3-Minutes-To-Impact Survival Guide
This might come in handy in the next few days….. You have a late night and an early flight. Not long after takeoff, you drift to sleep. Suddenly, you’re wide awake. There’s cold air rushing everywhere, and sound. Intense, horrible sound. Where am I?, you think. Where’s the plane? You’re 6 miles up. You’re alone. You’re falling.…
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