This Site is my meditation on the behavior of investors. All of us would like to think we are rational when making investment decisions, but we aren’t because we can’t be. All decisions have an emotional component. In the midst of uncertainty, the emotional trumps the rational and we aren’t even aware of it. Outcomes in the market are uncertain. To succeed, we must find ways to cope with our own irrationality and to exploit the irrationality of the crowd.
Investing is a Darwinian undertaking. Fail to grasp this and you are sure to be market roadkill.
I have been a trader-investor for 40 years. In the course of four decades of doing it and thinking about it, I’ve distilled one all-important idea: Investing is an unnatural act. Most people will lose over time. Successful investors learn to change how they think in order to succeed.
The kind of change required for success is exceedingly difficult to achieve because it is so contrary to our nature. I write essays to try to frame this reality for myself and, hopefully, for my friends. Welcome!
Cheers,
Rod
Dear Sir:
I stumbled across your website some few months ago. I wrote and thanked you for it. I read every article I could find in your archives and I read everything on your website. I bookmarked everything so I could go back and re-read later. I have been busy last 2 months and I thought about you and your website. I went to it and find that all my bookmarks to your site no longer work.
I recognize that I am borderline computer illiterate and probably am doing something wrong that causes the loss of all this valuable (to me) wonderful material.
My question is – Is there anyway I can get to your wonderful articles archived earlier?
I know I have a friend (Tony Caldaro at caldaro.wordpress.com). His website is also wonderful. He calls his Objective Elliott Wave (OEW). I too took Mr. Precthter’s books, courses, materials, newsletters for many years and appreciate what he has done for trading community with his work. I just never could adapt my trading to his style.
Sorry to be so wordy. I just hate to lose access to your wonderful material. You struck me from your writings as one who knew what he was talking about. We sure need that NOW.
Thanks,
Lewis Dozier
I’ll get my past essays archived as I can, but I have them in Word Docs and would be glad to send them along. There are 263 essays. Just let me know what you’d like
I’m so glad that you’ve started a blog as you have a wealth of wisdom to share. Thank you Rod for caring enough to put this together!
I’ve also been a follower of your essays for the last couple of months. It’s great that you’ve moved to a more ordinary blog with an RSS feed, as it makes it easier to stay on top of your updates. Thanks!
Thanks, Johan. I’m slowly getting the technology part. In the mean time, I’ve got a smallish distribution list in my Outlook. Ping me back if you’d like to be notified when I post and I’ll add you to the list.