Thursday, May 23, 2019   2:57:51 AM
In his book Addicted to Distraction Bruce Charlton accuses the mass media of a semi-purposeful agenda of permanent revolution, permanent hysteria, and permanent chaos; of being a roaring, grinding attention-grabbing machine that just grows and grows, progressively taking over control of all functionally useful social systems from politics to religion, from education to the arts.
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Michael Pascoe
I have a confession to make: For a quarter of a century it was my job to provide daily financial market reports of one kind or another. Like all other daily financial markets reports, they were mostly rubbish. It was the usual grind of reporting ...
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Tuesday, May 21, 2019
How it feels
Markets can change quickly. The more unbiased a trader is, the easier it is to change with the environment. If he starts to develop a bias that is not warranted by the technicals, but is caused by emotions or poor reasoning, his body signs ...
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Thursday, May 16, 2019
Seer-sucker theory
In an article published in the June/July 1980 issue of Technology Review Scott Armstrong argued that while people are willing to pay heavily for expert advice – economists to tell us how the economy will change, stock analysts ...
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Wednesday, May 15, 2019
No magic potion
“There is no magic potion in the investment world,” warns Burton Malkiel in the introduction to The Random Walk Guide to Investing, “because one doesn’t exist. What I offer are ten simple, time-tested rules that can build wealth and provide retirement ...
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Tuesday, May 14, 2019
Late bloomers
It’s not our fault. It’s not our fault that we failed to earn straight A’s, make perfect College Board scores, and get into our first choice of college. Or that we were distracted by life at age twenty-one and missed our first on ramp to an enchanted career ...
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Friday, May 10, 2019
Not smart
Gold was my weakness (as I think it can be for many investors). I finally realised that I was not in control of my emotions when investing when I sold a perfectly good, diversified holding to invest in the shares of a tiny gold mining company ...
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Thursday, May 9, 2019
a non-financial read ...
The pattern of sudden changes in the behaviour of teams and companies – of the same people suddenly behaving in very different ways – is a mystery in business and social science. Entrepreneurs, for example, often say that big companies fail because big-corporate types are conservative and risk averse.
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the Bottom Line ...
It is clear that the ability to beat the average consistently is extremely rare,” says Burton Malkiel in A Random Walk down Wall Street. “Neither fundamental analysis of a stock’s firm foundation of value nor technical analysis of the market’s propensity for building castles in the air can produce reliably superior results.
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