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 not [...]
Action and reaction, ebb and flow, trial and error, change- this is the rhythm of living. Out of our over-confidence, fear; out of our fear, clearer vision, and fresh hope. And out of hope, progress – BRUCE BARTON (AMERICAN CONGRESSMAN 1886-1967)
If we want to become better traders, we need to rely more on ourselves, and [...]
Like any other effort in science, the back test can vary from shallow and useless to very useful. It is a matter of the quality of information that forms the test. A shallow back test, and the discipline to stick with it, is a recipe for disaster.
The quality of information determines the significance in the [...]
It is tough to make predictions, especially about the future. – YOGI BERRA
I keep CNBC on all day while I work. Perhaps I think I will miss something, or maybe it’s the background noise that’s appealing. In any event, what I always find amazing is the parade of experts making one prediction after another. I [...]
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 impact [...]
