Archive
Category: Psychology
- May 23, 2010Financial Literacy: Not on the Horizon
Just saw this headline and article from Associated Press: New financial rules might not prevent next crisis. Sweeping financial overhaul will change many rules, but loopholes could allow another crisis. When you…
- May 10, 2010The Markets as ‘The Truman Show’
An excerpt I like: “The Truman Show is a 1998 American comedy-drama…The film chronicles the life of a man who discovers he is living in a constructed reality soap opera, televised 24/7…
- March 24, 2010Transductive Reasoning
Feedback: “Hi Michael, I’m sitting in a class on cognitive psychology and there is a term the professor has introduced called transductive reasoning. Here’s an example: A child hears a dog bark…
- February 26, 2010Who is John Galt?
Who is John Galt? “Happiness is not to be achieved at the command of emotional whims. Happiness is not the satisfaction of whatever irrational wishes you might blindly attempt to indulge. Happiness…
- February 20, 2010It’s Not How Good You Are, It’s How Good You Want to Be
To the trend following skeptics who have whined up a storm here in the last week, I offer a quotation from Paul Arden: “Nearly all rich and powerful people are not notably…
- November 20, 2009Harvard Poker Pro Says Texas Hold ‘Em Can Teach Traders to Fold
From Bloomberg: “Someone who has made a successful living as a poker player for a few years would more likely be a good trader than someone who hasn’t,” said Aaron Brown, a…
- October 25, 2009No Way Covel! Yes, Way!
I saw this: This actually would be my one and only criticism of Covel. He makes it sound like ANYBODY can successfully create and follow a mechanical system and make money like…