One of the most vexing issues for novice traders is the notion that you will not be right most of the time – in real trading, you will be wrong an awful lot. This notion of being consistently wrong but also successful seems like a paradox that many cannot resolve. It runs counter to all…
As you would expect when you have a blog you get a lot of unsolicited emails from people wanting you to stick something they have written on your blog. Some are vaguely related to trading and some have nothing to do with it like the one below – My name is Elin from crystalopedia.com. We’ve been working hard on…
When I am in need of quickly looking at overnight markets and accompanying price action I use BarChart which is a good little site but like all sites that have a firm technical analysis bent it is prone to making stupid statements. Whilst looking at the site this morning I noticed this bit of inanity.…
It’s been one of those days, maybe I am underselling this, let’s call it one of those years…. In 1976, a professor of economic history at the University of California, Berkeley published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity. Stupid people, Carlo M. Cipolla explained, share…
An additional reason for people struggling to get onto the property ladder…..stupidity. Source – The Age Imagine your surprise at waking up and finding you now actually had half the deposit you had last week.
If you have ever wondered why the NBN rollout consigns us to internet speeds that are slower than that of the economic powerhouse of Trinidad and Tobago or why our vaccine rollout resembles a fire in a chook shed then look no further than our ranking in the following league table of sovereign wealth funds.…
What is interesting about trading and investing is that its participants largely think that the things they experience are unique in some way when in reality they have simply found another mechanism for expressing all the foibles of being human (read stupid). These displays of being all too human result in traders being subject to…
If you have ever wondered why most people are perplexed by the modern world look no further than the following headline. You can find the full article here – BBC News
Most people in life go nowhere that is a given and they go nowhere because even when given an opportunity to make a small difference to their lives they do something stupid. I have had the graphic below sitting on my junk file for awhile cluttered in with all the rest of the detritus I…
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