Archive
Category: Trading 101
- October 10, 2011The TurtleTraders Had 5 Questions for Their Trading
The Turtles’ core axioms were the same ones practiced by the great speculators from one hundred years earlier: “Do not let emotions fluctuate with the up and down of your capital.” “Be…
- July 3, 2011“More Sellers than Buyers”
What causes a crash? Four words: “More sellers than buyers.” That’s it. \
- March 2, 2011Efficient Markets: Killing Off the Monster
From the Economist: Having lived through the financial crisis of 2007-08, the man in the street might find the idea that markets are “efficient” incredible. But the efficient-market hypothesis, like a Hollywood…
- February 22, 2011William Worthington Fowler’s 1870s Wisdom? Yup
Consider William Worthington Fowler’s description of Wall Street circa 1870: “To the merchant and banker it is a financial centre, collecting and distributing money, regulating the exchanges of a continent and striking…
- February 6, 2011Dickson Watts: He Never Goes Stale
Dickson Watts (PDF) has been dead for decades, but his wisdom never dies. Some fine lines: “Many lean, few lift.” “The man who conforms never transforms.” “Rest with descending wave; mount with…
- January 5, 2011“I Have No Clue, But Please Post My Anonymous Post!”
This anonymous blog comment (well, he changed his name, but used the same IP as other non-anonymous posts) is quite possibly the most ignorant comment yet on my blog: “Madoff’s monthly returns…
- September 25, 2010Nassim Taleb on Buffett v. Soros
Nassim Taleb: Asked…if returns such as those posted by Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett — who amassed the world’s third-biggest personal fortune through decades of stock picks and takeovers…