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Seven-time Lottery Winner Shares Secret to Winning Powerball

Curious how to win the lottery? Seven time lottery winner, Richard Lustig, shares: Saturday’s Powerball drawing is a staggering $320 million. With such an enormous sum at stake, who better to turn to then Richard Lustig — seven-time lottery grand

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Posted in Trend Following

Why Is the EMF Theory So Widely Advocated?

Consider (source) an excerpt: Why is the EMF theory so widely advocated? Academics love EMH because they can claim that they have mathematics-based formulas which can predict the future even though the underlying assumptions (borrowed from physics) are provably false.

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Posted in Trading 101

Episode: The Wishing/Doing Gap

Synopsis: Michael Covel sometimes feels like he’s floating above and looking down like the protagonist in David Bowie’s “Space Oddity“. In today’s episode Covel closes this alienating gap with his explanation of the “lottery society“: The idea that you don’t

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Posted in Podcasts

The Lottery Debate? No Debate. The Lottery is the Stupidity Tax

The lottery has long been a debate of mine. From Texas press: An excerpt from my film Broke: Dan Gilbert opines: “Forgive me, for those of you who play the lottery — but economists, at least among themselves, refer to

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Posted in Economics, Film, Holy Grails

The Government Lottery Farce Has Convinced Millions That It Is Retirement Shangri-la

Excerpt from Broke: The New American Dream.

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Posted in Film, Holy Grails

Bankers and Lotteries: A Match in Heaven

Isn’t this excerpt from my film Broke appropriate? Which brings me to this newspaper clipping forwarded along: Shout to Alastair Murray for the find.

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Posted in Holy Grails

Linkedin IPO — Not Trend Following

The LInkedin IPO is not a trend following play. If you had shares pre-IPO it was one great trade, but if you are trying to play that now–it is gambling. Or you could think of it as buying a lottery

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Posted in Trading 101
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