Humpty Dumpty tried skiing ... and is leaving with 10 fingers and 10 toes still attached in all the right places!
Skillful skiers relax and let physics do a lot of the work. I used muscles way too much and way too often.
When I was done, I was WIPED!!!!
Nevertheless, it was a lot of fun ... and I plan on doing it again.
Thanks Randy Garn for shaming into trying this. Park City, Utah was beautiful.
Happy Thanksgiving!
My children came to town, and we continued our tradition of spending time together watching some football. The top photo is from 2008.
After looking at this picture, I recognize the burden I impose on my sons. Some would call it crushing.
That's my oldest son, Ben. He's a good sport.
My youngest son, Zach, was happy to make sure that I got mine too.
He still plays Rugby.
I am thankful for my family, my company and that I continually face a better class of challenges ... forging a path to a bigger future.
What about you?
I remember when they told me that eating meat was bad for my health ...
Here are some of the posts that caught my eye recently. Hope you find something interesting.
A French team, Escalenta, put together a series of debunking videos called "DATA SCIENCE vs. FAKE".
Here are five that are short, educational, and entertaining.
These days, it's easy to be confused by fake news, misleading statistics, and hyperbole.
Hope this serves as a reminder to check your sources and remain healthily skeptical of random factoids delivered through the intertubes.
Here are some of the posts that caught my eye recently. Hope you find something interesting.
My experience is that you tend to see the same people on the way up ... as you do on the way down.
Here are some of the posts that caught my eye recently. Hope you find something interesting.
Turns out, Google is tracking your location history - even when you turn off location tracking in Google Maps.
It's increasingly apparent that privacy in today's digital age is a farce.
If you want to actually stop Google from tracking location (short of selling all of your material possessions and living off the grid) turn off your device information, location history and web activity here. This will depersonalize your searches as well - so your ads will (hopefully) not know your deepest darkest secrets anymore.
Here are some of the posts that caught my eye recently. Hope you find something interesting.
Here are some of the posts that caught my eye recently. Hope you find something interesting.
The Psychology Behind Gambling (and Everyday Traders)
Vegas and Wall Street share a lot in common.
Over Time ... The House Wins
Casinos only offer to play games that they expect to win. In contrast, gambling customers play even though they know the odds are against them.
Why does this happen? The rush of a win, the chance of a big win, and random reinforcement are common factors that incent people to play lotto, go to a casino, or try to trade.
Chemicals like adrenaline and dopamine play a part as well. Even in a sea of losses, your body can't help but crave the chemical reward of even a small win,
The "House" knows this and engineers an experience that takes advantage of it.
In the case of casinos, every detail is meticulously crafted to extract you from your money - from carpet patterns to the labyrinthian layouts, the music, the lights and even the games themselves.
Here is an infographic that lays it out for you.
Most people aren't gamblers ... the fear of losing big inhibits them. However, when people were instructed to "think like a trader," they showed considerably less risk-aversion when gambling.
The illusion of control convinces us we can overcome the statistics.
When you almost get it right - when you miss the jackpot by one slot on a slot machine, when you just mistime a trade to get a big win - you're more likely to play longer, and place bigger bets ... because you're "so close".
It's human nature to want to feel in control.
This is why you find a lot of superstitious traders & gamblers. If you wear this lucky item of clothing ... if you throw the dice in this particular way ... if you check your holdings at this time every day ... you have control.
There is a big difference between causation and correlation.
It is not hard to imagine that the majority of a trader's activities do little to create a real and lasting edge.
Skill vs. Luck
There are games of skill, and there are games of chance.
In a casino, poker and blackjack are considered games of skill. In contrast, slot machines are considered a game of chance.
In trading, predicting markets is much different than using math and statistics to measure the performance of a technique.
Much of what we do is to figure out how to eliminate the fear, greed, and discretionary mistakes humans bring to trading.
In trading, "Alpha" is the measure of excess return attributed to manager skill, rather than luck or taking on more risk.
We believe in Alpha-by-Avoidance ... Meaning much of what we do is figure out what to ignore or avoid so that the majority of the games we play are games of skill rather than games of chance.
Are you playing the right game?
Posted at 07:05 PM in Business, Current Affairs, Games, Healthy Lifestyle, Ideas, Market Commentary, Personal Development, Science, Sports, Trading, Trading Tools | Permalink | Comments (0)
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