I would like to take this opportunity to thank our subscribers and to wish you all a wonderful and prosperous 2010.
Vince Lombardi once said, “It is a reality of life that men are competitive and the most competitive games draw the most competitive men. That’s why they are there – to compete. The object is [...]
Likeness to the truth is not the same thing as truth – SOCRATES
A set of statistics that suggest a positive expectation (a system) is quite helpful when sailing the seas of uncertainty. In fact I believe most traders need a definitive plan to assure discipline.
We need to look at the various measurements of risk and [...]
Here is a 2009 article by written by Chuck LeBeau:
Back in the late 1960s, I was a young commodity broker at E. F. Hutton and Co. Our office was a brand-new high-tech office (for its time) that was considered the “flagship office” for E.F. Hutton.
In this office about 30 brokers and as many clients shared [...]
Jim Rogers, if nothing else, has no axe to grind when he shares his observations on the markets. Unlike most of the Wall Street analyst, he actually does some serious homework on his investment themes. For example, between January 1, 1999 and January 5, 2002, Rogers traveled through 116 countries, covering 245,000 kilometers, seeing what [...]
“If you can tell me something else where the fundamentals are so attractive…I’d be happy to put my money there, but I don’t know of any other place” – JIM ROGERS ON AGRICULTURE
In part one, I spoke a bit about the increasing demand for agriculture due to increasing population over time, and how this is [...]
“If you can tell me something else where the fundamentals are so attractive…I’d be happy to put my money there, but I don’t know of any other place” – JIM ROGERS ON AGRICULTURE
It sure seems like gold and oil have stolen the limelight when it comes to commodities lately.
I wonder though, if we are not [...]
The financial markets are generally unpredictable, so one has to have different scenarios. The idea that you can actually predict what’s going to happen contradicts my way of looking at the market – GEORGE SOROS
I realize there are legitimate bubbles in the financial markets, but somehow we are seeing bubbles lurking in every dark doorway. [...]
John Paulson began his career at Boston Consulting Group before leaving to join Odyssey Partners, working under Leon Levy. He later worked in the mergers and acquisitions group at Bear Stearns. Prior to founding his own firm, he was a partner at mergers arbitrage firm Gruss Partners LP. In 1994, he founded his own hedge [...]
This is a very interesting video from Howard Lederer, the famous poker player. He draws some very significant similarities between being a great poker player and a great trader.
Howard Lederer is known as “the Poker Professor” because of his demeanor, analytical style and long history of wins. He is known for his focused, calm demeanor [...]
Nobody goes there anymore. It’s too crowded – YOGI BERRA
It continues to amaze me to watch the Wall Street Gurus apply scientific and fundamental logic to an illogical game. Not only does this cause traders, who buy into these scenarios, to underestimate risks, it also draws a crowd into the scenario, increasing risk further. [...]
