The Chase
We chase returns. It’s in our blood. We extrapolate the recent past expecting it to continue just like it has. It feels good to imagine our money growing at the rate the stock market or some startup has over the past several years. “Wow, if we invested $10k in this three years ago, we’d have […]
Put it on the Line
I’ve built software. I’ve consulted. I’ve coached. I’ve been an employee. I’ve given interviews. I’ve written papers, blogged and podcasted for years. None of it compares to backing your own ideas with your own money and doing it for other like-minded people who trust you. “When you make something truly for yourself, you’re doing the […]
How’s Your Resolution Going?
As an avid sports fan my entire life, I’ve seen many great players never win the big one. Hell, I’ve seen many teams comprised of great players never win the big one. The in-fighting. Backstabbing. Competing egos. Power-trips. The overall locker room drama affects the quality of the end-product. No one can win under these […]
Volatility by Design
The past couple of months have been tough on trend-followers, myself included. The sharp reversals in interest rates, equities and currencies accounted for most of the losses. While the very recent performance has been painful, these “losses” from a trading perspective have simply been giving back some of the profits made over the past few […]
Where Do Trends Come From?
The answer doesn’t matter as much as much as actually being open to receiving them. We must be attentive and always adjusting the dial to sync up with them. One instance of missing out on a major move or holding on to a loser for too long is enough to crush our returns. The vast […]
It’s Not If, But When
In 2005, Warren and Pam Adams lost their home during Hurricane Rita. Instead of feeling sorry for themselves, they decided to protect themselves from the next storm. They moved to Gilchrist, TX and built their new house up to modern codes; designing it to withstand a much stronger storm than the older neighboring homes. No […]