Food For Thought: All That Glitters May Be Gold – Part 2
on Nov 16, 2009 in Food For Thought   According to Jeff Clarke of Casey’s Gold and Resource Report, central banks are net buyers of gold for first time in 22 years. “Precious-metals research firm GFMS reports central banks around the world bought more gold in the second quarter th...

FOOD FOR THOUGHT: All That Glitters Might Be Gold
on Nov 11, 2009 in Food For Thought gold gold trader John Paulson Although Gold might be a bit stretched in the short term, it is not hard to see where it could go a lot higher in the long run. I found some interesting charts on Agora Financial website that fall into the “a picture is worth a thousand words”...

Skills, Time And Choice
on Nov 10, 2009 in Trading Methods Against the Gods Against The Gods- The Remarkable Story Of Risk Peter Bernstein The race is not always to the swift nor the battle to the strong, but that’s the way to bet - DAMON RUNYON   According to Wikipedia, “A game of chance is a game whose outcome is strongly influenced by some randomizing device, and upon which...

INSIGHTS: The Wizard Coach
on Nov 6, 2009 in INSIGHTS Trading Psychology Dr. Van K. Tharp Jack Schwager Market Wizards psychology trading trading type Van Tharp Also interviewed in Jack Schwager’s “Market Wizards” was Dr. Van K. Tharp. Although Van is not a trader, he his very well known for his research on how stress affects human performance in the financial markets. He has developed a series of test...

INSIGHTS: The Way Of The Wizards
on Nov 5, 2009 in INSIGHTS Money Management Trading Methods Trading Psychology Bruce Kovner George Soros Jack Schwager Jim Rogers Michael Marcus Michael Steinhardt Paul Tudor Jones William O'Neil I had the pleasure of working with Jack Schwager from 1980 to 1983. At the time Jack was the Director of Commodity research at Paine Webber Jackson Curtis, Inc., and the author of the famous book “Market Wizards,” Interviews with top traders.  I...

The Indians Are Gathering Wood
on Nov 2, 2009 in Trading Psychology analysts Wall Street Wall Street analysts History will be kind to me, for I intend to write it – WINSTON CHURCHILL   Have you ever noticed that all the Wall Street firms are within pennies of each other when forecasting earnings? Have you ever noticed that they are all wrong (and occasion...

INSIGHTS: The Simple Life Of Jim Rogers
on Oct 30, 2009 in INSIGHTS investor Jim Rogers living life Jim Rogers talks to CNN’s Andrew Stevens about living the simple life despite his vast wealth:   Tweet This Post...

Great Expectations
on Oct 27, 2009 in Trading Psychology Consumer Price Index expectations Intermarket Magazine Roy Longstreet The best things in life are unexpected – because there were no expectations – ELI KHAMAROV    Legendary trader Roy Longstreet was once asked by Intermarket Magazine, “Why have you succeeded in trading to such a degree and why do most...

INSIGHTS: Confusing Design And Discovery
on Oct 23, 2009 in INSIGHTS Black Swan Charlie Rose discovering mindset Nassim Taleb predictions

FOOD FOR THOUGHT: Our Cups Runneth Over
on Oct 21, 2009 in FOOD FOR THOUGHT EIA Energy Information Administration gas storage Growth Stock Wire Matt Badiali natural gas rally An era can be said to end when its basic illusions are exhausted – Arthur Miller (American Playwright)   There has been a fair amount of talk about the glut of Natural Gas on the market today and how full capacity storage could threaten us by the...