Monthly Archives: August 2015

Avoidable Risk

I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have –Paul Tudor Jones, Master Trader (a guy who has made and kept over four billion dollars in the … Continue reading

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Primer on Gambling

So what happens next? Well, it’s not like the sellside (bankers and brokers) is very useful in actually providing actionable advice when something not in the script happens… –Zero Hedge 8/12/15 Then again, considering all of these strategists were 101% confident … Continue reading

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In Plain View

There is superstition, writing on the wall …in letters ten feet tall –Stevie Wonder If the market cracks big time (as you and I expect), every frickin’ economist on Wall Street will say, Nobody saw this coming! Really. When surveyed this … Continue reading

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On Black Swans And Other Phenomena

Black Swan: A highly improbable event with three principle characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable than is was. –N.N. Taleb … Continue reading

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Suckerville

To make profits and buy a BMW, it would be a good idea to, first, survive. –N.N. Taleb My blog got an extraordinary number of hits a day or so ago. They were directed from another blog in which the authors … Continue reading

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What now for the Essayist?

Dénouement: n. the outcome or resolution of a doubtful series of occurrences En route to losing my job as chief  expector* of calamity, I’m reminded of nineteen seventy-two, another top like this one. Sixty-six had been the first time the Dow … Continue reading

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