“Ignorance more frequently begets confidence than does knowledge: it is those who know little… Charles Darwin (side note people forget that Darwin was only 22 when he set out on the Beagle) And if you needed convincing – Extreme opponents of genetically modified foods know the least but think they know the most You could of course…Details
Do every day or something for no other reason than that you would rather not do it, so that when the hour of dire need draws nigh, it may find you not unnerved and untrained to stand the test.”
– William James.
On Sunday we had the middle meeting of our Mentor Program and one of the topics that always creeps up is the desire for complexity within trading. There is a belief that the more complex your system the better it will be In part this is due to the illusion of control that such approaches…Details
Insisting on perfect safety is for people who don’t have the balls to live in the real world. Mary Shafer -NASA Dryden Flight Research Center, Edwards, CA SR-71 Flying Qualities Lead Engineer I stumbled across this quote and thought it was the most perfect description of what is required for trading. If you dont have…Details
Came across this and thought it apt for current times.
Everything we hear is an opinion, not a fact.
Everything we see is a perspective, not the truth.
“Every action is measured by the depth of the sentiment from which it proceeds.”
Ralph Waldo Emerson
I like… fat… tails and I cannot lie You vol sellers can’t deny When a hot trend breaks with a well-timed stop and a great big black swan pop you get Paid… P&L year gets made ‘Cause you noticed that trade was packed Buncha mean reversion suckers got jacked Oh baby I wanna get lumpy…Details
Playboy: If life is so purposeless, do you feel its worth living? Stanley Kubrick: Yes, for those who manage somehow to cope with our mortality. The very meaninglessness of life forces a man to create his own meaning. Children, of course, begin life with an untarnished sense of wonder, a capacity to experience total joy at something…Details
I know I should not be amazed at the limited grasp of market reality that afflicts both financial journalists and fund managers but this one is a corker. Five-year bull run continues “Given a five-year bull run it is impossible to argue stocks look cheap, but the market is not necessarily too high,” MLC Investment…Details