I was preparing a piece for the Australian Investors Association when I came across this quote. The story telling mind is allergic to uncertainty, randomness, and coincidence. It is addicted to meaning. If the storytelling mind cannot find meaningful patterns in the world, it will try to impose them. In short, the storytelling mind is…Details
Interesting long article about the demise of alpha – that is a positive return over and above what the market can intrinsically produce. I would probably add that there has never been a situation in history where money managers have en masse produced alpha, so the situation being described is not new. Fund managers have…Details
And time for therapy….friggen navel gazers.
You can always look like a dick….. History is filled with tales of adventurous exploits and astonishing accomplishments performed by confident individuals. In fact, one might say that history is most often made by those possessed with extraordinary confidence. However, just as often, history is replete with stories of extraordinary failures and cocky blunders, committed…Details
I received a comment on Facebook, and thought you might like to see the reply Louise and I put together to explain our position: Here’s what was said: I can’t afford a mentor. Everyone just wants to sell me this and sell me that. If people can make that much money trading, surely helping others…Details
If you want a cogent argument of what is wrong with the US and the rationale behind ultraconservatives shutting down the US Government this is a good starting place.Details
Makes me almost want to go and buy another one. Although I do have a soft spot for Miss Henderson and would probably buy anything she had driven.