Some will never learn anything because they understand everything too soon – THOMAS BLOUNT I was having a conversation with my partner Martin yesterday, and he was telling me how a mutual friend of ours, a commodity trading advisor, was losing some accounts lately. I was quite surprised by this since the program was [...]
Doubt is uncomfortable, certainty is ridiculous – VOLTAIRE What if we knew for sure that the Philadelphia Eagles would beat the Carolina Panthers yesterday, and that we were also certain that they would beat the betting spread? Any wager we made would pay off. Betting on a “sure thing” would be equal to a [...]
In light of the exciting PGA Championship, I thought I would make a point with a golf analogy. No matter how professional you are in your field it seems like a loss “feels worse” than a gain “feels good”. Even Tiger Woods is affected by this pull of irrational behavior when faced with bogey vs. [...]
My 10 year old nephew Kevin paid me a visit this week. I thought he would enjoy meeting the guys I work with, so I brought him into the office one day. After looking at the screens and watching the prices go up and down, he asked, “How do you make money from all this?” [...]
