The Ingredients Necessary for Trading Success
A very interesting TedTalk showing the stupidity in human (well, I like using strong words) drives the decision in us all.
Are you dictated by your natural weaknesses and making bad choices?
Worse yet, are you manipulated by the environment into making choices you do not agree to?
I think the most important thing from this talk is to make sure your government save its income every time it gets its pay check.
LOL.
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A great presentation on the predictability of bubble burst.
Watching just the video itself is not enough because Mr. Sornette also talked to Ted and provided his predictions and analysis on various global markets. You can read by following the link below.
Turbulent times ahead: Q&A with economist Didier Sornette
(For the eternal bulls of the US stock market – sorry, not a bearer of good news this time.)
One thing interesting is his measures on the risk level in May 2013 somehow match closely to the timing of my call in real-time chat for a potential sudden drop in S&P with significant size. In another words, his use of power law distribution analysis on market activities may work similarly to my custom breadth analysis.
It is very encouraging to see academic research finally producing something useful with predictive value.
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Following is an interview with Stan Druckenmiller by Bloomberg’s Katherine Burton back in March 2013.
And this is an updated interview by Goldman Sach’s Hugo Scott-Gall in Jun 2013,
I do not necessary agree with Mr. Druckenmiller’s many talking points but his understanding of the global economy and where it may be heading is something worth listening to.
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