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- April 22, 2012The Moment One Definitely Commits Oneself, Then Providence Moves Too
William Hutchinson Murray, The Scottish Himalayan Expedition (1951): “Concerning all acts of initiative (and creation), there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that the…
- April 19, 2012Wisdom from Famed Value Guy
Jeremy Grantham: The central truth of the investment business is that investment behavior is driven by career risk. In the professional investment business we are all agents, managing other peoples’ money. The…
- April 8, 2012Trend Followers Are Lone Wolfs, Not Coyotes
In a new book derived from his letters the late General Patton offers: “It never pays to fight an underdog. You can fight for them, but never against him.” He also wrote…
- April 4, 2012Ep. 7: Mike Shannon Interview with Michael Covel on Trend Following Radio
My guests today are Michael Shannon and Jim Byers. Shannon, an original Turtle trader trained by Richard Dennis. He was featured in Michael Covel’s The Complete TurtleTrader. Byers is a trader and…
- March 28, 2012A Short Course in Thinking About Thinking
Session #1 from Daniel Kahneman, the psychologist who is the co-creator of behavioral economics (with his late collaborator Amos Tversky), for which he won the Nobel Prize in Economics in 2002: Sessions…
- March 27, 2012Ep. 5: Nick Radge Interview with Michael Covel on Trend Following Radio
My guest today is Nick Radge. Nick has been trading and investing since 1985. During this time Nick has worked for numerous international investment banks and spent time on the trading floor…
- March 25, 2012“Torturing the Data” Is the Siren Scream of a Coming Looter
Fred Munger once said: “If you torture data sufficiently, it will confess to almost anything.” When you hear market cons talking of data mining, endless optimization, & torturing data, etc., check to…