That Has to Have Hurt
With the repercussions of the wild swing in the CHF still to be felt there has been some attempt to quantify the losses being faced by various FX providers. The table below was generated by FOREX MAGNATES
24 Rules Of Life From Werner Herzog
For those who do not know who Werner Herzog is GIYF 1. Always take the initiative.2. There is nothing wrong with spending a night in jail if it means getting the shot you need.3. Send out all your dogs and one might return with prey.4. Never wallow in your troubles; despair must be kept private…
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Context Is Everything
I awoke this morning to catch the following market move being played out. These numbers were accompanied by the usual hand wringing and they did cause me to drop a long options position of mine since I was getting too close to the nasty part of the time decay curve. However, an options position is…
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My Favourite Chart Of Last Year
This is my favourite chart of last year. It is my favourite chart not for the reasons that might immediately spring to mind. I do a year end review of trades that come my way – the aim on doing so is to perform a rigorous form of self assessment. Over the years I have…
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Your Brain Is A Jerk
This dropped into my feed this morning and it is intriguing how it is not only in trading that our brain tricks us into doing the wrong thing. The notion that the way you do one thing is the way you do everything still rngs true. One of the curses of being human is that…
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A Race to the Front Row
Now I know why I have never done classes – they are full of sad narcissistic dickheads….. Greccia Clausen, a Manhattan accountant, approaches her quest for a front-row bike at SoulCycle like the numbers game it is. Every Monday at noon, when the booking window opens, she and a friend each try to grab two…
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In Tokyo, a Five-Foot-Wide Home is Not Weird at All
Anyone who has ever been to Japan and spent time with the Japanese will know that their definition of odd is very different from ours….. The Wall Street Journal has finally caught on to Tokyo’s “impossibly skinny houses” phenomenon (Remember that 10-foot-wide “lantern” home? And that 9.8-foot-wide wall house? Plus the thinnest “Flatiron building” ever?) Anyway, in a new piece…
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Bankers Will Lie At The Toss Of A Coin
Economists at the University of Zurich, Michel Maréchal, Alain Cohn and Ernst Fehr, set out to learn whether bankers are in fact more likely to cheat. They particularly focused on whether people who consciously thought of themselves as bankers (and acted under this moniker) were more likely to cheat than when they had their non-professional…
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