Archive
Category: Psychology
- November 13, 2013Aim for the Highest & Watch the Dark Horse
Andrew Carnegie: There is one sure mark of the coming partner, the future millionaire; his revenues always exceed his expenditures. He begins to save early, almost as soon as he begins to…
- November 3, 2013Dickson Watts on Speculation: Timeless
Dickson Watts (PDF) prospered in the late 1800s, but his insights on speculation are timeless. Read that PDF.
- October 30, 2013If You Want A Guarantee Buy A Toaster!
A question arrived today: Will your book ‘Trend Following’ help me develop a trading system to become profitable? I replied: For some people yes, and for some people no. Feel free to…
- October 19, 2013Greenspan Wakes Up to Behavior
From The Wall Street Journal: “I’ve always considered myself more of a mathematician than a psychologist,” says Mr. Greenspan. But after the Fed’s model failed to predict the financial crisis, he realized…
- October 8, 2013Football Out, Nerfball In & Weenies Multiply
A sad excerpt from an article: They were just informed that during recess, football is out and Nerf ball is in. Hard soccer balls have been banned, along with baseballs and lacrosse…
- September 17, 2013Prediction is for ‘Suckas’
From The Huffington Post: “According to a survey by Paola Sapienza and Luigi Zingales, effectively all economists agreed that stock prices are hard to predict. Only 59% of average Americans felt the…
- September 7, 2013A Great African Proverb: Lion or Gazelle, Who Needs to be Fastest