Author: Mike Shell
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“A stock operator…
“A stock operator has to fight a lot expensive enemies within himself”. – Reminiscences of a Stock Operator Read More
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Cut short your losses, let your winners run on.
– David Ricardo 1772 – 1823 Those words, today known as “The Golden Rule of Trading”, were printed in The great metropolis, Volume 2 By James Grant in 1838. To be sure what he specifically… Read More
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Impossibilities in the World
Who would believe the government of world’s greatest country, the United States of America, would shut down? And, since it did today, who would expect the Dow Jones Industrial Average would be up 65 points… Read More
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My INVESTOR’S BUSINESS DAILY® Interview and Portfolio Management
Portfolio Management is about buying and selling many different positions over time, not just one “pick”. I often say it’s like flipping 10 coins at the same time with each having a different payoff and… Read More
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Asymmetric Payoff: The Price of College Sports
Not all asymmetric payoffs are fair. As the college football season gets into full speed, college sports gets some unwanted publicity. It was sickening to hear Arian Foster say: “I called my coach and I… Read More
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Game Changing Asymmetry
Source: ORACLE® Team USA If things actually worked they way we are taught in school, all you need to do it get a “college degree” and you’ll be successful. The reality is, learning the essentials… Read More
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Do you choose the blue pill or the red pill?
The “red pill” and “blue pill” refer to a choice between the willingness to learn a potentially unsettling or life-changing truth by taking the red pill or remaining in contented ignorance with the blue pill.… Read More
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The Dow Jones Industrial Average is a Black Box
The black box: In science and engineering, a black box is a device, system or object which can be viewed in terms of its input and output but without any knowledge of its internal workings.… Read More
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Understanding Hedge Fund Index Performance
I am often fascinated by investor perception and behavior. I notice it everywhere and study it always. What a person believes makes their world what it is and how they see things. It can also… Read More