Slipperytoad

from punter to professional investor

The Greatest Traders

Another one of those replace “trader” with “handicapper” articles h/t: Zero Hedge What separates the 10% that make money from the 90% that don’t? 10,000 hours. In his recent book ‘Outliers’ Malcolm Gladwell describes the 10,000-Hour Rule, claiming that the key to success in any cognitively complex field is, to a large extent, a matter [...]

Mass Delusion of Crowds

Following the herd is fine until they all run off the side of a cliff together. We never learn. Every two years we English forget past failures and rally behind our football team in the hope that this time we’ll repeat the success of 66. We never learn do we! Unfortunately the same mass hysteria [...]

The Importance of Value

Re-reading “Six Screats of Successful Bettors” again and came across the following quote which I’ll try to remember when asked the question “who do you like” Obviously everything depends in the odds. Anybody who says ,”I’m going to go out and bet this horse” before the days starts, you can elimiate him as a serious [...]

  

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