July - September 2011 articles archive home
I’ve heard it said …
… some fellows use language to conceal thought; but it’s been my experience that a good many more use it instead of thought.
Friday, September 30, 2011 ... more
Everybody says ...
... that devaluing the dollar will stimulate U.S. industry because the products will become cheaper and foreigners will buy them. This is a huge canard everybody repeats and nobody thinks about. Yes, it is true for a while, but if devaluation were the key to prosperity, Zimbabwe should be the most prosperous country in the world.
Thursday, September 29, 2011 ... more
There are doubtless methods of making money in the markets, but one finds that the edge that HFT boys with their better equipment and capital have on individual stocks precludes such methods for short term in individual stocks, and the long term purchase of stocks requires deep insights above and beyond the average that it is unrealistic to expect one person or group to sustain over different market times.
Wednesday, September 28, 2011 ... more
Reading list
Of course some people still want to go into the business. If you have a passion for it you should. I don’t mean just a passion for making a shit load of money but a deep and lasting passion for the markets and all that entails. It’s a steep learning curve. You have some self-study ahead of you and it aint gonna be easy.
Monday, September 26, 2011 ... more
The result of the action of a bandit is purely and simply a transfer of wealth and/or welfare. After the action of a perfect bandit, the bandit has a plus on his account which plus is exactly equivalent to the minus he has caused to another person. The society as a whole is neither better nor worse off. When stupid people are at work, however, the story is totally different.
Friday, September 23, 2011 ... more
A tip on the market …
... trading on margin is a good deal like paddling around the edge of the old swimming hole—it seems safe, but before a fellow knows it he has stepped off the edge into deep water.
Thursday, September 22, 2011 ... more
To be avoided
“There are some people who can temporarily knock you off your game,” wrote Barry Ritholtz in an article at The Street, some years ago, “these are people to avoid.”
Wednesday, September 21, 2011 ... more
It’s not going to be easy
There are a million ways to make money in the markets. The irony is that they are all very difficult. – Jack Schwager
Tuesday, September 20, 2011 ... more
Yet another deceit
Have you been duped lately? Feel bad about it? Don’t worry, we’ve all been hoodwinked about all sorts of things from the time we started going to kindergarten. Take for instance those schoolroom charts that show the planets in the solar system coming one after the other at neighbourly intervals ...
Friday, September 16, 2011 ... more
An adventure
In his book, The Battle for Investment Survival, Gerald Loeb tells the story of two women: Sober Sylvia and Mad Mary. Sylvia's ambition for her money was to find a haven of perfect safety. Mary, on the other hand, wanted to take some risks in hope of making her little handful of capital grow meaningfully.
Thursday, September 15, 2011 ... more
Equities, like bonds
Much of the focus, when it comes to predicting the market is on economic growth, in particular U.S. growth. But a strong U.S. economic recovery might not be entirely good news for the markets.
Wednesday, September 14, 2011 ... more
A western blizzard
My advent in Wall Street was on the heels of the panic of 1857. That panic was known as the “Western blizzard.” It was entitled to the name, as its destructive power and chilling effects …
Tuesday, September 13, 2011 ... more
Imagine you're on a bus ... Friday, September 9, 2011
The U.S. Consumer ... Thursday, September 8, 2011
A reminder … Wednesday, September 7, 2011
So easy, yet so hard Tuesday, September 6, 2011
Grit, like underwear Friday, September 2, 2011
About VIX Thursday, September 1, 2011
Here's to economists Wednesday, August 31, 2011
Knowing good from bad Tuesday, August 30, 2011
How optimism changes reality Friday, August 26, 2011
Castle-in-the-air theory Thursday, August 25, 2011
The firm-foundation theory. Wednesday, August 24, 2011
To survive the next crash. Tuesday, August 23, 2011
The need for critical thinking. Friday, August 19, 2011
Spinning the numbers Thursday, August 18, 2011
What it takes Wednesday, August 17, 2011
Managing the downside Tuesday, August 16, 2011
As it is Friday, August 12, 2011
Some market timing works. Thursday, August 11, 2011
To be above average Wednesday, August 10, 2011
No More Teacher’s Dirty Looks Friday, August 5, 2011
The cigar butt approach Thursday, August 4, 2011
Investment wisdom Wednesday, August 3, 2011
The gambit of emotions Tuesday, August 2, 2011
10 simple rules Monday, August 1, 2011
Why's nothing so bad? Friday, July 29, 2011
Worst thing to do Thursday, July 28, 2011
Betting on the bad guys Wednesday, July 27, 2011
Don't try Tuesday, July 26, 2011
Freedom of thought Friday, July 22, 2011
Things traders do Thursday, July 21, 2011
Conclusions of a walk down Wall Street Wednesday, July 20, 2011
Not a good idea Tuesday, July 19, 2011
To avoid making it any worse Friday, July 15, 2011
When everyone's wrong Thursday, July 14, 2011
Why is it so difficult? Wednesday, July 13, 2011
They're all dangerous Tuesday, July 12, 2011
Fear of sucess Friday, July 8, 2011
The forest, not the trees. Thursday, July 7, 2011
Different things Wednesday, July 6, 2011
Value: A mercurial concept Tuesday, July 5, 2011
Fortuitous circumstances Friday, July 1, 2011
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