October - December 2015 articles archive home
 
Life
Life is good and bad. Mostly and. – Diogenes

Life is intrinsically boring and dangerous at the same time. At any given moment the floor may open up. Of course, it almost never does; that’s what makes it boring. – Edward Gorey
Wednesday, December 30, 2015 ... more
 
 
Oracles
I think the reason the public is obsessed with economists, is that, like the shamans and oracles of yore, they offer the hope of understanding the mysterious titanic forces that shape our future - the big swings in stock and bond prices, the sudden rise of commodities or real estate as popular asset classes.
Tuesday, December 29, 2015 ... more
 
 
Conflict
Religions are divisive and quarrelsome. They are a form of one-upmanship because they depend upon separating the “saved” from the “damned,” the true believers from the heretics, the in-group from the out-group ...
Monday, December 28, 2015 ... more
 
Xmas
Not believe in Santa Claus! You might as well not believe in fairies!
- Francis Church
Thursday, December 24, 2015 ... more
 
 
D&G
People see David’s victory over Goliath as a fluke. But maybe it’s not. Maybe an underdog’s win over the favourite is not always due to luck.
Wednesday, December 23, 2015 ... more
 
Decisions made easy
We spend an inordinate amount of time, and a tremendous amount of energy, making decisions. And, even mundane decisions, such as what to have for lunch, are a drag on our time and energy.
Tuesday, December 22, 2015 ... more
 
 
Return trip
You may have noticed it the last time you went on a long journey - by foot, by car or by plane: the outbound portion of your trip seemed to take a lifetime, while the (more or less identical) leg that brought you home felt like it flew by.
Monday, December 21, 2015 ... more
 
Who you are
Haters hate that’s what they do. Gossiper’s gossip. Doers do. Talkers talk. Workers work. Lovers love. Singers sing, worshipers worship. Fighters fight, winners win. Believers believe that’s what they do.
Friday, December 18, 2015 ... more
 
 
Not so whacky
If you’re a trader you’ve probably come across some unusual trading strategies. Not all are as wacky as they might sound, and some are even supported by research. That includes trading the weather, the seasons and different exchanges.
Thursday, December 17, 2015 ... more
 
A dozen biases:
Framing bias "The best example of narrow framing that I can think of is the use of pro forma earnings. Essentially this is a company turning up and saying, hello I’m lying to you, these are the earnings I didn’t make, but I’d be jolly grateful if we could all just pretend I did.” - James Montier
Tuesday, December 15, 2015 ... more
 
 
Behavioural investing
Extracts from an article by David Serchuk at Forbes:

It turns out that becoming more insightful about your unconscious tendencies can really help in finding opportunities for incremental improvement …
Tuesday, December 15, 2015 ... more
 
Q&A
Alleged interview questions (Q) and best answers (A):

Q. Why do bubbles not appear when sparkling water is closed? (Barclays in an interview for a technology internship.)
Monday, December 14, 2015 ... more
 
 
Sleep
Sleep is the interest we have to pay on the capital which is called in at death; and the higher the rate of interest and the more regularly it is paid, the further the date of redemption is postponed. - Arthur Schopenhauer
Friday, December 11, 2015 ... more
 
 
Faulty assumptions
One of the reasons so many people have a hard time with their finances is because they come into the process with faulty assumptions. Here are a few: Outperformance should be the number one goal. Most investors have a hard enough time earning the actual performance in their own funds, let alone trying to outperform the market. A stock with a high dividend yield is a “safe” investment. Investors have a difficult time separating income or yield from total return.
Thursday, December 10, 2015 ... more
 
For those who see the similarities ...
... from horseplayer extraordinaire Steven Crist: Your opportunity for profit at the racetrack consists entirely of mistakes that your competition makes in assessing each horse's probability of winning. In a happy scenario where only escaped lunatics are betting at random, you would win because you would bet on high-probability horses at fat odds.
Wednesday, December 9, 2015 ... more
 
 
The thing about penny stocks
One of my favourite pieces on penny stocks was the pump and dump recipe published at incrediblecharts.com some time ago. It went something like this:

Ingredients 1. One penny stock; Ideally a former high flier or a newer issue that has failed to attract investor interest ...
Tuesday, December 8, 2015 ... more
 
Not all bad Tuesday, December 8, 2015
When There Are Fewer Suckers Monday, December 7, 2015
Fortune, n. Wealth; also, luck. Friday, December 4, 2015
To tell the truth Thursday, December 3, 2015
In anticipation Wednesday, December 2, 2015
More from Peter Lynch Tuesday, December 1, 2015
An imaginary interview with Peter Lynch Tuesday, December 1, 2015
On the sell-side Monday, November 30, 2015
Poor memories Friday, November 27, 2015
From the Devil's Financial Dictionary Thursday, November 26, 2015
The too hard pile Wednesday, November 25, 2015
learning from books Tuesday, November 24, 2015
Without growth Tuesday, November 24, 2015
At November 2015 Monday, November 23, 2015
Life long learning Friday, November 20, 2015
What type are you? Thursday, November 19, 2015
Leverage Wednesday, November 18, 2015
Preparation, discipline & decisiveness Tuesday, November 17, 2015
No secret formula Tuesday, November 17, 2015
The Unlived Life Monday, November 16, 2015
No free lunch Friday, November 13, 2015
In support of entrepreneurs Thursday, November 12, 2015
Easy, really Wednesday, November 11, 2015
A HOLT Perspective Tuesday, November 10, 2015
HOLT on risk Tuesday, November 10, 2015
Illusion of the imagination Monday, November 9, 2015
Make good Friday, November 6, 2015
Warren on gold Thursday, November 5, 2015
10 rules for penny stock traders Wednesday, November 4, 2015
Some rants Tuesday, November 3, 2015
Not good Tuesday, November 3, 2015
A small request Monday, November 2, 2015
Do-gooders Friday, October 30, 2015
Lessons from the track Thursday, October 29, 2015
Not for everyone Wednesday, October 28, 2015
Better-off alone Tuesday, October 27, 2015
Contrarian's rules Tuesday, October 27, 2015
A world without growth? Monday, October 26, 2015
A small minority Friday, October 23, 2015
Serious reservations Thursday, October 22, 2015
What's in the price? Wednesday, October 21, 2015
Thinking of investing? Tuesday, October 20, 2015
The problem with metals Tuesday, October 20, 2015
Fisher on selling winners Monday, October 19, 2015
Reciprocity Friday, October 16, 2015
What is risk? Thursday, October 15, 2015
Lousy is better Wednesday, October 14, 2015
Last week the world didn’t end Tuesday, October 13, 2015
Mean Mr Taleb Tuesday, October 13, 2015
The psychology of human misjudgment Monday, October 12, 2015
Why is it so hard to admit being wrong? Friday, October 9, 2015
No! is not thoughtful Thursday, October 8, 2015
As they say Wednesday, October 7, 2015
Change is not what it was Tuesday, October 6, 2015
Need to change Tuesday, October 6, 2015
Risk & return Monday, October 5, 2015
Self-deception Friday, October 2, 2015
Risk Thursday, October 1, 2015
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