‘Trust Your Gut’ Might Actually Be Profitable Advice on Wall Street, Study Says (Published 2016)
David Gellesnytimes.com
‘Trust Your Gut’ Might Actually Be Profitable Advice on Wall Street, Study Says (Published 2016)
Possessing agility helps you make good judgments in real time. The neuroscientist John Coates used to be a financial trader. During the bull-market surges that preceded big crashes, Coates noticed that the traders who went on to suffer huge losses had gotten overconfident in ways that were physically observable. They flexed their muscles and even w... See more
David Brooks • How the Ivy League Broke America
The study revealed two striking results. First, traders with greater sensitivity to the inner life of their bodies had made significantly more money in the previous year. Second, the more years a trader had been working, the greater his interoception, as though the trading floor were selecting for that trait. Coates’s research demonstrates that wha
... See morePhilip Shepherd • Radical Wholeness: The Embodied Present and the Ordinary Grace of Being
In a paper titled “Trading Is Hazardous to Your Wealth,” they showed that, on average, the most active traders had the poorest results, while the investors who traded the least earned the highest returns. In another paper, titled “Boys Will Be Boys,” they showed that men acted on their useless ideas
Daniel Kahneman • Thinking, Fast and Slow
I had a hunch something was wrong and I’d better close the trade? Well, I have often had that curious feeling. As a rule, I yield to it.
Edwin Lefevre • Reminiscences of a Stock Operator
Such observations give Marks an impressionistic view of the market, not a numerical one. “All my processes are intuitive, instinctual, gut,” he says. “I just try to develop a sense. What’s really going on in the world? And what are the important inferences from what you can observe?”