Quote Of The Day

“For me, trading is all about mastery:  the mastery of markets’ complexities and the myriad challenges of self-mastery. “Brett Steenbarger, I quite like Steenbargers work – a copy of his Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology sits in my bookshelf. However, I have to take issue with this quote…

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Magical Thinking

Uncertainty in the presence of vivid hopes and fears, is painful but must be endured if we wish to live without the comfort of supporting fairy tales. – Bertrand Russell You would think that in the hard-nosed world of trading, the only concepts that are applicable would be reason, logic and discipline. The current buzzword…

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Optimism

Whilst I was away in the Gold Coast where it is still 1992 and enjoying the delights of probably the worst hotel in Australia I caught up with this little piece in Time regarding optimism and its function as an evolutionary survival mechanism. “Scientists who study memory proposed an intriguing answer: memories are susceptible to…

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Optimism

Whilst I was away in the Gold Coast where it is still 1992 and enjoying the delights of probably the worst hotel in Australia I caught up with this little piece in Time regarding optimism and its function as an evolutionary survival mechanism. “Scientists who study memory proposed an intriguing answer: memories are susceptible to inaccuracies partly…

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Apocalypse…Not Quite Yet

Slate has an interesting take on what happens to those who predict an apocalypse that doesnt come. This is an interesting piece but somewhat light on with regard to actually why we believe stupid things – for reasons other than being stupid. A more in depth look at our frailties is contained in my blog…

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Did I Miss Anything?

I must have slept through armageddon either that or it didnt happen. This entire little event that gained far more oxygen than it was worthy of proved that humans are fundamental irrational and that those with imaginary friends are even more irrational. In any sane and compassionate society anyone who claims to have voices in…

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Here Be Monsters

A crewman on a commercial tuna-fishing boat was the first to spot it: something shiny and metallic in the water off the ship’s bow. The crewman alerted the navigator, and the 280-foot San Nikunau slightly altered course to avoid a collision. As the ship came closer, the object revealed itself to be a small boat,…

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