If you have not read Van Tharp’s book Trade Your Way To Financial Freedom (review here), this video is pretty much the heart of his book and the main theme of his teachings.
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Nassim Nicholas Taleb: Antifragile
Mr. Taleb’s talk of the concepts from his book Antifragile.
Note: It is a long talk. Google talks are usually an hour long.
The nice thing about this talk is that it actually adds to the book.
It is also a nice summary in case you are not interested in reading the book.
Meat of the talk is not the part he was doing the presentation. It is the conversation Mr. Taleb had with the audience. It is rare that you get an intelligent crowd who can ask very smart questions these days as book publishers will make sure it does not happen.
Mr. Taleb has my respect that he was not afraid at all to handle any question threw at him.
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Dan Gilbert: Why We Make Bad Decisions
Mr. Gilbert tells us how we keep making bad decisions even though we know clearly how not to. It is one of the original Ted Talks that really drive home the difficulties of making sound decisions that involve both time and money.
Note: Be reminded that it is a long talk at 34 minutes.
Perception matters.
Most of the time, it is our worse enemy in trading.
It takes practice to hammer into our mind making rational decisions only in trading.
It takes more than just practice to be patient in trading. Not an easy task at all.
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