Came across this interesting little paper. The title can be a little confusing since the term prediction market is simply used to convey a market that generates odds. When they say prediction market think bookmaker. The gist of the paper is that such markets have been used for centuries for a variety of events but…
Over the past few years a popular bit of folk lore has taken hold in the minds of the non critical thinking members of the public. This odd quirk in thinking is essentially that talent is over rated as a commodity and that all that is required for success in a given field is practice.…
So I am reclining last night reading the latest issue of New Scientist when I come across an article referring to Indian rationalist Sanal Edamaruku. Edamaruku is a sort of Indian James Randi in that he looks at claims made by superstitious idiots and then promptly points out that they are superstitious idiots….my kinda guy……
I have just started reading The Status Syndrome which is a look at how our status and how the perception of our status affects both our longevity and our health. In the opening few pages I have learn’t that actors and actresses that won an Academy Award lived four years longer on average than those…
I posted this in the current mentor group and thought…shit that’s clever why not let everyone see it. I have a new trading system and judging by the interest shown in such things at the last Investment Expo it is going to be a corker. You see I can predict the future using the ancient…
One of the more persistent pieces of spam to fill my inbox is those little gems that relate to people or software’s ability to predict the market. I suppose this is the joy of having an email address that has the word trading in it. They generally start their pitch with something along the lines…
So gather round for a group hug followed by inappropriate touching. These were bounced to me this morning. I believe they are called The Paradoxical Commandments by Kent Keith circa 1968 – amazing what you can find on google. It does have a distinctly 60’s feel to it. I do note that the date of…
Step 1. How to deal with losses. Losing traders believe. Losses are a reflection of their self worth. For example if I originally had $10,000 in my trading account and that amount has degraded to $5,000 then as a losing trader I believe that my worth as a person has been halved. Losses are permanent…
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