Sunday, June 16, 2019   3:25:14 PM
“We will ultimately live in a perpetual data-driven talent edition,” says Scott Belsky. “Everything you create will be measured and tracked by others through comments, share, and likes. Your work will come up on the radar of potential employers and clients, and the data will tell them if you are worth talking to or hiring.”
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Nothing lost
If I thought more of equity research analysts, I would worry more about indexing. If I really thought equity research analysts actually went out and collected information and did research and unearthed stuff about companies we did not know, then ...
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Thursday, June 13, 2019
Illusion of skill
Daniel Kahneman wrote of trips he made with Richard Thaler to visit (and evaluate) different investment firms. Initially, he was baffled by the industry, and his view had evolved to this: “…my questions about the stock market have hardened into ...
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Wednesday, June 12, 2019
By another name
One kid said to me: “See that bird? What kind of bird is that?!” and I said: “I haven’t the slightest idea of what kind of a bird it is.” He says “It’s a brown throated thrush” or something… and the kid says “Your father doesn’t teach you anything”. ...
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Tuesday, June 11, 2019
Problems with ...
Michael Harris of Price Action Lab in a Forbes interview highlighted problems with back-testing, “counting” techniques and traditional anomalies. "The fundamental problem of back-testing," said Harris, "is that the longer it is used ...
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Thursday, June 6, 2019
Mainly sceptical
Pinning contrarianism down to specifics is surprisingly hard. Most other investing styles are well defined. Value investors buy cheap stocks. Momentum investors buy stuff that has already gone up. Growth investors buy pricey-looking ...
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Wednesday, June 5, 2019
Cheap isn't obvious
Investment superstar, Seth Klarman, who typically focuses on out-of-favour stocks and bonds says his business is to buy bargains that financial market theory says do not exist. John Templeton did pretty much the same thing, and advised ...
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Tuesday, June 4, 2019
a non-financial read ...
Freud and Socrates regarded self-deception as a protective mechanism. The world is an inhospitable place, it doesn’t regard me as highly as I’d like to be regarded, and so I protect myself from that knowledge by believing that I’m better than I really am, that people like me more than they really do, etc.
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the Bottom Line ...
Nearly every retail investor has access to the same data, tools, techniques, books, research and analysis. So why is it that only a few succeed? Why is it that, as with life in general, the vast majority of us remain stuck in mediocrity? Perhaps the answer lies with our mental models. How we look at things. The connections and opportunities that we see. What we believe to be true, as opposed to what is true.
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