Wednesday, September 1, 2010
Behavioral Finance: The Role of Psychology - Bob Shiller
I highly suggest all of the free course content from yale. All of the Shiller videos are worth your time.
Soros - Some good points in there
Fun to watch these somewhat outdated predictions to see what kind of insights these guys have.
Wednesday, August 11, 2010
Tuesday, August 10, 2010
A Trading Riddle - Comment to Answer
This was taken from a post I made at Forex Factory today:
Here is a good real life example situation to 'provoke the trader within you.' Say you have a painting in your possession that's been in your family for a couple generations. You really don't even think it's that beautiful, but it's up on the wall for family history's sake. If the house burned down and you lost it, you'd be bummed, but it wouldn't be the end of the world.
Say then that times get tough, you loose your job and you’re having a heck of a time finding another one.
One day a red Ferrari pulls up and a gentleman comes to your door. He says he was in the neighborhood and happened to notice that beautiful painting you have hanging in your living room. He tells you he’s not an art buff or anything, but he just really likes that painting. He says I know it’s crazy of me, but I’d prefer not to leave here without that painting, I’ll give you a thousand dollars for it.
Now, what do you do and why?
Here is a good real life example situation to 'provoke the trader within you.' Say you have a painting in your possession that's been in your family for a couple generations. You really don't even think it's that beautiful, but it's up on the wall for family history's sake. If the house burned down and you lost it, you'd be bummed, but it wouldn't be the end of the world.
Say then that times get tough, you loose your job and you’re having a heck of a time finding another one.
One day a red Ferrari pulls up and a gentleman comes to your door. He says he was in the neighborhood and happened to notice that beautiful painting you have hanging in your living room. He tells you he’s not an art buff or anything, but he just really likes that painting. He says I know it’s crazy of me, but I’d prefer not to leave here without that painting, I’ll give you a thousand dollars for it.
Now, what do you do and why?
Sunday, August 1, 2010
Saturday, July 31, 2010
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