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Category Archives: Truth Trader

The Introspective Speculator

How Fairness Is Wired In The Brain -ScienceDaily.com
Now, researchers at the California Institute of Technology have discovered that reason struggles with emotion to find equitable solutions, and have pinpointed the region of the brain where this takes place. The concept of fairness, they found, is processed in the insular cortex, or insula, which is [...]

Unfortunate Fortune: Shockingly Pathetic Stock Picks from 2000

It’s Fortune magazine, August 2000, Special Investors Issue, Retire Rich
Article: 10 Stocks to Last the Decade
And here’s the list:

Stock
Ticker
Price
P/E
Comment

Broadcom
BRCM
$237
255
Maker of chips used in the next generation of entertainment devices

Charles Schwab
SCH
$36
56
Former discount broker that has grown up along with its boomer clients

Enron
ENE
$73
51
Biggest online broker for coal, oil, and gas; next up — broadband

Genentech
DNA
$150
128
Offers a huge pipeline [...]

Black swans spotted on the flyover

I happened on an article about black swans, as Nassim Taleb had recently been speaking at a CFA (Chartered Financial Androids) function and a reporter for the Financial Times was in attendance, blogging, not reporting, because as we all know the two are very different. I wondered with all the talk of recession, and [...]

Not so great speculations

5 Ways to Go Broke Getting Drunk
When does a shot of scotch cost $3,300? When the bottle’s going for $38,000 and hits $75,000 in a bidding war. Amazing Google capability: Enter ‘number of shots in a liter’ into Google Toolbar and before you hit enter AJAX serves up the answer of 22.5426817 shots, which [...]

Market Science, Psychology, and Psychosis

Learning from our mistakes? Flies can do it. Lots of Animals Learn, but Smarter Isn’t Better
It takes just 15 generations under these conditions for the flies to become genetically programmed to learn better. At the beginning of the experiment, the flies take many hours to learn the difference between the normal and quinine-spiked [...]

George Soros as God

The more George Soros talks, the less people care what he thinks.

Who Gives a Pork Belly?

The Slice: Episode 14

Cost of Carry Explained

Cost of carry model to price forwards & futures