four 5,087 posts msg #144025 - Ignore four modified
7/4/2018 12:12:19 PM
Audio:
https://www.bloomberg.com/news/audio/2018-04-12/annie-duke-discusses-decision-making-in-poker-and-life
"Bloomberg View columnist Barry Ritholtz interviews Annie Duke, an expert in the science of decision-making and for decades one of the top poker players in the world. In 2004, she bested a field of 234 players to win her first World Series of Poker (WSOP) bracelet. The same year, she triumphed in the $2 million winner-take-all, invitation-only WSOP Tournament of Champions. In 2010, she won the prestigious NBC National Heads-Up Poker Championship. Prior to becoming a professional poker player, Annie was awarded the National Science Foundation Fellowship and studied cognitive psychology at the University of Pennsylvania. Her latest book is "Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts."
Main Site-- Brry Ritholtz Podcasts:
https://www.bloomberg.com/podcasts/masters_in_business
"The income tax treats ordinary saving more harshly than income used for
consumption.
• The tax code treats a limited amount of personal saving, namely that done
through retirement savings vehicles, in a neutral way relative to consumption.
• Retirement plans provide an important source of retirement income for the
middle class; more than half of taxable private-sector retirement income
flows to households with AGI under $100,000.
• The complex structure of retirement savings plans and the rules and
restrictions applied to these savings vehicles limit their effectiveness in
reducing the tax bias against saving and create an incentive for immediate
consumption."
Article in PDF
https://files.taxfoundation.org/20180521164139/Tax-Foundation-FF589.pdf
"Bloomberg View columnist Barry Ritholtz interviews the fascinating Victor Niederhoffer, a nationally ranked squash champion and former Berkeley professor of finance and statistics. An undeniably brilliant man who was still unable to adequately manage risk, he offers crucial lessons for all traders. In his first book, "The Education of a Speculator," he reveals the risk-embracing style that created his first fortune. In his follow-up, "Practical Speculation," he almost -- but doesn’t quite -- accept responsibility for the prior disaster. It was published before the devastating second set of losses suffered during the credit crisis."
four 5,087 posts msg #144049 - Ignore four modified
"Why do so many pursue a living from markets when there is clear evidence that the great majority never succeed?"
...
"Perhaps, just perhaps, people seek trading--against all odds, against all common sense--because the pursuit of a remotely possible winning life feels preferable to assured misery. It's the same reason refugees defy all odds on the high seas in hopes of a better home, a better life. What many aspiring traders need is not false hopes, but genuine, viable alternatives to the traditional "opportunities" out there."
...
"Trading psychology is much easier when we have a genuine "why" underlying our actions. Too many people are pursuing trading because they can't figure out another way to work independently and make enough money to support themselves. This is understandable, but invariably ends badly. People setting themselves up as gurus are all too willing to exploit the desire to make a living from trading. "
-- More volume and participation in the high yield area coming ?
Kimbell Royalty Partners LP (KRP)
"Increased liquidity in the stock attracting new people that would rather have 1099 than a K-1, we think is very attractive for us."
"The labeling and packaging company said on Wednesday it was terminating its pension plan, effective Sept. 28, eight years after first freezing the program. It also said there would be no change in benefits for the 11,200 current participants, although the plan is currently underfunded by about $240 million."
"A couple of portals (Netcapital and StartEngine) allow their investors to buy and sell the private shares of companies that have conducted successful raises on their sites. (The portals are in a unique position to confirm ownership of shares, since the purchase happened on their sites.) "
"In order to cash out your investment, you usually need a "liquidity" event. Liquidity events come in two flavors. The first is buyouts. When a company is bought out, you're usually able to cash out. That can happen sooner as opposed to later. The second liquidity event is when a company decides to list itself on a public exchange (through an initial public offering). When a company holds its IPO, you can cash out or you can decide to hold on to your shares... or a bit of both (which is what I usually do). An IPO usually takes a few more years than a buyout to happen."
Early Investing
four 5,087 posts msg #144082 - Ignore four modified
7/12/2018 9:42:37 PM
http://traderinterviews.com/interviews/101/
Options
Time Decay
Weekly Options Discussed
Straddle
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High Frequency Trading
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