Also interviewed in Jack Schwager’s “Market Wizards” was Dr. Van K. Tharp. Although Van is not a trader, he his very well known for his research on how stress affects human performance in the financial markets. He has developed a series of tests that help traders confront their strengths and weaknesses, with the intention to [...]
I had the pleasure of working with Jack Schwager from 1980 to 1983. At the time Jack was the Director of Commodity research at Paine Webber Jackson Curtis, Inc., and the author of the famous book “Market Wizards,” Interviews with top traders. In the Wizards Jack interviewed successful traders like Michael Marcus, Paul Tudor Jones [...]
Jim Rogers talks to CNN’s Andrew Stevens about living the simple life despite his vast wealth: Enjoy this article? Like to receive more like it each day? Simply enter your email address in the box below to join them. Email addresses are only used for mailing articles, and you may unsubscribe any time [...]
When it comes to the things that count, we humans don’t like to admit that we live in a world we know very little about. We also have a tendency to place a premium on the little that we know, and discount the larger amount that we don’t know. It’s no wonder why we are [...]
Richard Russell began publishing Dow Theory Letters in 1958, and he has been writing the Letters ever since (never once having skipped a Letter). Dow Theory Letters is the oldest service continuously written by one person in the business. Russell gained wide recognition via a series of over 30 Dow Theory and technical articles that [...]
Someone stole all my credit cards, but I won’t be reporting it. The thief spends less than my wife — HENNY YOUNGMAN Milton Friedman was a great American economist and statistician among other admirable things. He is best known among scholars for his theoretical and empirical research. Friedman’s philosophy was basically opposed to government [...]
Catch a wave and you’re sittin’ on top of the world – THE BEACH BOYS Although I am more inclined to trade commodities with more of a trend following systematic approach, I realize everyone is different. The Elliott Wave Theory is predictive in nature, and looks at market cycles in terms of wave structures [...]
In a 2004 groundbreaking study from The Yale School of Management’s Center for International Finance titled “Facts and Fantasies about Commodity Futures”, Drs. Gary Gorton and Ken Rouwenhorst show that not only are commodity futures negatively correlated to stocks and bonds, but also that commodity returns are greater than bonds and have about the same [...]
As most of my friends know by now I am a fan of Nassim Nicholas Taleb and his books “Fooled by Randomness” and “The Black Swan”. If you are an investor/trader I would highly recommend that you read these. You don’t have to agree with everything, but it certainly pays to be aware of the [...]
