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- November 27, 2011Striking Out Is Part of Winning
I put this great quote in my bestseller Trend Following: “What is striking is that the leading thinkers across varied fields–including horse betting, casino gambling, and investing–all emphasize the same point. We…
- November 27, 2011“Good Morning Mr. Dennis!”
My book on the Turtles serves up lessons that never go stale. An excerpt: People were willing to do just about anything to get Dennis’s attention [to get hired as one of…
- November 13, 2011Don’t Worry About How You Get a “Stake”–Just Get One
From The Little Book of Trading: Kevin Bruce is living proof that there is no need to be in New York, London, or Chicago–flaunting a sharp business suit and trading in a…
- November 11, 2011The Quiz Daniel Kahneman Wants You to Fail
From Vanity Fair: Plainly put, a “heuristic” is a tool we use to simplify the decision-making process. For example, if you’re driving in the United Kingdom for the first time and don’t…
- November 7, 2011Amos Hostetter: “Never Mind the Cheese. Let Me Out of The Trap!”
If trend trader Amos Hostetter of Commodities Corporation lost 25 percent, he’d exit: “Never mind the cheese. Let me out of the trap.” Everyone gets it? More from Michael Covel: Books ·…
- October 25, 2011Understanding Your Relationship to Risk: Rolling the Dice and Loss Aversion
Stephen Horan writes: Everywhere we turn, psychological tests are available to help us better understand ourselves and our own behavior. But often these tests fail to shed light on a person’s relationship…
- October 15, 2011Peter Bernstein. Against the Gods: Steve Jobs and Risk
A friend of mine passed this piece along courtesy of her friend a prominent vascular surgeon living in Washington, DC: In reading about Steve Jobs’ death, I was disappointed to learn that…