Archive
Author: Michael Covel
- March 7, 20071938 Wisdom Part 1
The 1938 book “Commonsense Speculation” offers: One of the most commonest of speculative sins is to be unduly influenced by the previous high of a stock. If the price has declined a…
- February 20, 2007Larry Hite: Life Is A Betting Game
From Larry Hite: “There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the…
- February 19, 2007Brett Steenbarger: Controlling Emotions is Not the Goal of Trading Psychology
Controlling Emotions is Not the Goal of Trading Psychology (DOC) by Brett Steenbarger. Note: Brett also appears on my podcast.
- February 18, 2007Mark Cuban on Preparation
I found a good excerpt on Mark Cuban’s blog. He attended Indiana University when Bob Knight was the basketball coach. Cuban was reflecting on what was the greatest thing learned from the…
- February 5, 2007Victor Niederhoffer: A View on Trend Following
An interesting exchange about trend following trading. Jerry Parker appears there and here and here.
- February 5, 2007Ed Thorp: Beat the Dealer’s Lessons for Trading
An excerpt from the La Times: In a foreword to the book, statistician Nassim Nicholas Taleb (“The Black Swan”) boils down Thorp’s technique to the search for and capture of a “clear…
- February 2, 2007Play for Position, Not Performance, in Your Portfolio
Jonathan Hoenig makes some interesting points here. An excerpt: “…most of the artistic world is subjective. One person’s trash is another’s treasure. But trading is just the opposite – it’s unabashedly objective.…