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Monthly Archives: September 2005

Hedging Real Estate

They have been all the vogue, but many of the new markets opening up will most definitely change what we think of as a market “to trade”. The Wall Street Journal chimes in: Once, a home was a castle. Now

Posted in Economics

Exchange Traded Funds

A good introduction/commentary on exchange traded funds from Wharton.

Posted in Trading 101

Style Drift

In doing some research I came across the following excerpt. The date of the article has no relevance for my point: “A key failing of equity managers in 2003 had been their inability to capture the upside when markets bounced.

Posted in Trading 101

Predict v. Follow Feedback

Feedback from author of Predict v. Follow: “Hello Michael, I just wanted to let you know that it was my quote you used. I’m glad to further the discussion on your website since it has helped me greatly. Thought I

Posted in Trend Following

Kelly Formula, Bell Labs, Data Transmission and Optimal Bet Size

Read the new book Fortune’s Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street by William Poundstone. Review of book at BusinessWeek. More on the Kelly formula.

Posted in Risk Management

Predict v. Follow

I was forwarded this quote that addresses the idea of technical analysis and where trend following fits into the grand scheme: “From John Murphy’s book technical analysis is defined as the study of market action, primarily through the use of

Posted in Trend Following

Intelligence Analysis

Richards J. Heuer, Jr. wrote the free online book Psychology of Intelligence Analysis for the Center for the Study of Intelligence at the United States Central Intelligence Agency. The relevance to great trading and great traders is straightforward. Here is

Posted in Psychology
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