Click the player to find out why some are members of the tin foil hat brigade.
Interesting piece from the ABC’s Health Report on the importance of checklists. The concept I have always found interesting is the notion of a time out before doing anything, even when you feel a time pressure. As traders we often feel compelled to act as quickly because of the thought of missing out.
One of the more interesting things about following hedge funds is the behaviour of those who run them. At various times they will get into wonderfully childish slanging matches with one another that generally take on the following dialogue. Hedge Fund Loser One – The stock you own is bullshit… Hedge fund Loser Two –…Details
Paul Offit likes to tell a story about how his wife, pediatrician Bonnie Offit, was about to give a child a vaccination when the kid was struck by a seizure. Had she given the injection a minute sooner, Paul Offit says, it would surely have appeared as though the vaccine had caused the seizure and…Details
One of the issues that bedevil us as both humans and traders is our ability to think clearly and rationally about subjects. We are prone to making snap judgments based upon the flimsiest of evidence. I get any and all manner of rubbish sent to me – some of it by people who should know…Details
This is from a boxing and conditioning coach Ross Enamait who I find to be a bit of the go to bloke for old school conditioning. It might not seem relevant but substitute the voice of a coach for the voice that occurs inside your own head and all of a sudden it becomes relevant…Details
As long ago as the fourth century B.C., scientists have argued in favor of simplicity. Perhaps the most familiar expression of the importance of simplicity for science is the 14th century formulation known as Occam’s razor, a line of reasoning that holds that the simplest answer is often correct. The preference for simplicity in science…Details
One question I’m often asked is what should a decision journal look like? You should care enormously whether you’re making good ones or bad ones. After all, in most knowledge organizations,your product is decisions. A good decision process matters more than analysis by a factor of six. A process or framework for making decisions, however,…Details