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Making Sense of the Market
joincolossus.comFactor weekly letter said, “Peter, you get your edge because you are willing to watch a market for weeks before entering and then be out by the end of the day because the market didn’t act…
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Jack D. Schwager • Unknown Market Wizards: The best traders you've never heard of
busy marketplace, so it is critical to differentiate,
Ben Hunt • Convert!: Designing Web Sites to Increase Traffic and Conversion
In investing you must identify the price of success—volatility and loss amid the long backdrop of growth—and be willing to pay it.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Gavin Baker • Security Error | Columbia Business School
The equilibrium proposed by Stiglitz is one in which some minimal profits are available to some investors. Efficient-market hypothesis can’t literally be true. Although some studies (like mine of mutual funds on E Trade) seem to provide evidence for Fama’s view that no investor can beat the market at all, others are more equivocal,87 and a few88 id
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
To obtain better than average investment results over a long pull requires a policy of selection or operation possessing a twofold merit: (1) It must meet objective or rational tests of underlying soundness; and (2) it must be different from the policy followed by most investors or speculators.
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
You have to be a student of the market’s history to understand its future. Any time you hear someone say, “It really is different this time,” turn off the TV and go for a walk.