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The Education of a Speculator
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In the world according to Victor Niederhoffer, life is speculation and we are all speculators, except when we lose - then we are gamblers. We speculate on our careers, relationships, games, and investments. Life-changing decisions hang on our ability to read and anticipate turns of events.
Wiley , Victor Niederhoffer
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"Night and Day...": Day-Long versus Night-Long in Japan
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Investments Office , Ronald Weber
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Reminiscences of a Stock Operator
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Reminiscences of a Stock Operator is adapted from a series of Saturday Evening Post articles written by Edwin Lefevre in the 1920s. The book narrates Livermore's ascent from a "boy plunger" to the most influential speculator on Wall Street. While much of the book is devoted to Livermore's experiences, a larger part of the book deals with trading wisdom and rules that Livermore imparts through Lefevre.
Wiley, John & Sons, January 2006 , Edwin Lefevre
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Traffic jam of executive aviation
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Radar screenshot of corporate jets leaving Miami, Florida, after the Superbowl XLI, February 4, 2007
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What? Me Worry?
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"For a professional, worrying is an art form."
Investors Insight , John Mauldin
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Past Performance Predicts Future Disaster
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However, there was one piece of data that was not in the historical numbers, and that was the effect of Long Term Capital itself. LTCM became the market and the connection between markets that had never shown any correlation.
Investors Insight , John Mauldin
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The Surprise of the Black Swan
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This is what Nassim Taleb calls the black swan problem. You can have a database with 4,000 white swans. History and the data tell you that swans are white. But the absence of a black swan doesn't mean there isn't one.
Investors Insight , John Mauldin
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Hank And Ben; Al And Sue
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"Is a US/Asian currency deal being stitched together ?
the creation of an ‘Asian Dollar’ would polarise the World economy into two rival
groupings"
Crossborder Capital , Michael Howell
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Corporate Cash Balances and Economic Activity
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Excellent overview on the subject, including a chart with "cash to assets " and "cash to investments" at their highest level since the early 60's.
The Federal Reserve Board, July 2006 , Governor Kevin M. Warsh
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Memorable Quote: Cherry Blossoms
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"My view is that our economy is likely to pick up just in the time the cherry blossoms begin to bloom in Tokyo and along the Potomac River as well".
Mr. Omi, then the Director General of the Economic Planing Agency, on January 7th. 1998.
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