On Wall Street, it’s Who you know AND What you know. So why not capitalize on what you know of the culture and inner workings of Wall Street? Trader Trivia let’s you pit your knowledge of authors, ticker symbols, exchanges, personnel, media professionals, and the rich history of Wall Street against the machine or against another player through Apple’s Game Center.
White Penguin is the New Black Swan
The statement all penguins are black & white is testable by being falsifiable. For, if in testing many penguins, the researcher finds a single white penguin, then the statement all penguins are black & white would be falsified by the counterexample of the single white penguin.
Cutting edge emoticons for 2012
I have just finished upgrading the course material for 2012 and I’m happy to report that they will include a plethora of stylish and colorful emoticons to enhance your learning experience. These are not your basic .png or .jpg files either…I’ve invested a great deal of time and money to ensure the best user interface with what I’m calling “Emoticons 2.0”.
It’s clear to me that if a guy can’t have decent emoticons in his material, he’s probably not worth his RSS feed.
If you “Like” the Inner Voice of Trading Facebook page and pre-order my book, and you’ll be entered into a contest to win a free ticket to my second Master Class with Victor Sperandeo in NYC in November.
Click here to visit The Inner Voice of Trading Facebook page. Follow the instructions after you “Like” the page.
With years of less than average performance (compounded) and marketing budgets that would eclipse make Channel blush, the mutual fund industry took it broadside this weekend.
David Swenson, author of the phenomenal book Pioneering Portfolio Management, wrote an editorial in the New York Times called The Mutual Fund Merry Go Round.
Swenson knows much about manager selection: he’s the CIO of Yale’s Endowment. Swenson offers: “Why isn’t there more of an outcry? Investors naïvely trust their brokers and advisers. Most understand too little about financial markets to make informed decisions, intervene too frequently in counterproductive ways and gather too little information about portfolio holdings to evaluate results. Investors like to believe they are doing well, even when they are not.”
Relative performance, as opposed to absolute performance, will keep you eating government, grilled cheese sandwiches.
Most advisors are not worth the 1% management fee they get. They are parroting what they’ve heard someone else say. They are by no means portfolio managers. What boils my blood most is that they are taught to diversify and walk away. Diversification is the extend of risk management in a wirehouse. What a joke. Trading is knowing how to manage risk. That’s it. Learn to trade so that you can at least keep your losers small.
Investing in equities is not worth the downside risk if you are intelligent enough to know where to look for the risks. Stocks may be cheap by some historical standard, but they can get cheaper and the values can get much better as the prices continue to drop. Then you have to deal with the dead money…
You will know where to look on October 6.
Inner Voice of Trading is endorsed by Bill Dunn and Victor Sperandeo, to name a few.
The foreword is written by Ed Seykota.