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Arthur Benjamin: Teach Statistics Before Calculus!

I cannot emphasize enough the importance of thinking in terms of probability and how useful it is for anyone in making any kind of decisions that involve trade-offs and risks.

In this TedTalk, Arthur Benjamin provides some very good reasons why it is better to teach everyone statistics over calculus.

Personally, I find that it is never too late to learn statistics and think in terms of probability. It is not just a very good tool in making trading decisions. It is also a life skill that can transform your life and put you in better perspective of things happening around you and on you.

When I get the chance I will write about these interesting stories with the people I encountered whom I showed them how to think probabilistically. It is a life transforming experience for them. I learned a lot from sharing my thoughts with them too. It is something I always remember as it shows that a slight change of perspective in an individual can make all the difference.

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Dan Ariely: What makes us feel good about our work?

A nice Ted Talk on what drives us to work.

 

This video has interesting information about the relationship among motivation, quality of our work and the direct reward factor. The talk focuses on people working in teams and companies in the beginning. Then it moves onto more personal level experience. It shows us important considerations on the type of work we do and how it is structured can lead to better productivity and happier workers.

As a trader, we are our own boss. That means if we do not structure our trading business properly, it will suffer and directly affect our bottom line. This talk makes me think and I plan to modify my daily routine to see if it helps me getting better results.

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Difficulties In Learning To Trade Can Be Caused By The Language You Speak

Ted Talk by Keith Chen, Could your language affect your ability to save money?

Very interesting talk with strong statistics supporting the concept.

Personally I have experience teaching / coaching traders where it was next to impossible to hammer the concept of risk control into some young guns.

Maybe, the way how they perceive future is so different from my point of view that it is better to find someone else who understand their perspectives to explain the concept to them.

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