Which are the largest corporations (based on Fortune's Global 500)?
Before we answer, keep in mind that "largest" doesn't mean most successful; revenue is only one indicator of corporate success.
via Reddit's Data Is Beautiful
Any up there (or not up there) that surprised you?
Looking at it organized by nation is pretty interesting as well.
To see the full list, check out Fortune's article here.
Might be easier to solve a Rubik's Cube than to be President Trump. Check out his first 100 days.
Here are some of the posts that caught my eye. Hope you find something interesting.
I often talk about how robots are changing the workplace (For example here, and here) because it's a topic that hits close to home.
I remember, back in the late 90's, starting to trade based on my knowledge and my insights (and feeling like I had an edge). By 2003, most of my trading was automated. But, I wouldn't have believed how much of today's daily volume is now traded by computers.
Likewise, I remember the tech bubble and recognizing that more businesses were going online. But, I wouldn't have believed what the Internet did to retail, music, TV, banking (face it, to Business and the World in general).
Could it take your job as well?
Most don't think so.
via Pew Research
Interesting.
People are not good at recognizing their biases.
For example, take "Fake News" or the recent claims from Trump that Obama wiretapped him.
It turns out, people consistently underestimate their susceptibility to fake news - especially if the story favors their preferred candidate.
In the case of wiretapping - despite no credible evidence of wiretapping and the heads of the FBI and NSA categorically denying that Obama ordered wiretapping of Trump Tower - 47% of American and 74% of Republicans believe it's likely that Trump was wiretapped during the campaign
Regardless of the veracity of the statement, it's evidence that we have a tendency to think emotionally, and aren't always great at rationally analyzing facts.
As proof that it's everyone, the week after the election, many Democrats believed the economy had already worsened.
Roddy Roediger is a leading expert in learning and memory, and he says there are 3 key principles that make false information believable:
Good thing we're not biased ... Right?
United Airlines got a lot of bad press when it physically removed passengers from a flight to accommodate crew members. A day ago, they were at it again, when they removed a couple heading to their wedding. Could it get any worse?
Here are some of the posts that caught my eye. Hope you find something interesting.
Had a quick chat with JP Sears at a Genius Network event, in Phoenix, this week.
Turns out we have some similar ideas on trading.
JP Spears is famous for his humor. However, before he found this "character," he made his money as a spiritual coach. One step under the surface, I believe there are a few consistent hidden messages in his humor.
The first hidden message is to let go of what served you that no longer serves you. This is also a key to profitable trading. The market doesn't care what your favorite trade looks like. Nor does it care whether you're comfortable, or how you made money in the past.
You have to be more committed to your results than you are attached to your process.
Many times, your favorite practice is more beneficial to you as a nightlight, which keeps you comfortable, rather than as an alpha-generating strategy, tactic, or technique.
The second hidden message in JP Sears' humor is to look for happiness where it is, not where it isn't. This also is a key to trading. It doesn't make sense to look for a good trade in a bad market. The key is to understand where your edge is, and to use it where and when it exists.
As I said .. Ultra-Spiritual!
For more, watch this.
In the video, JP says that we should all stop using our "analytical minds" to trade, and instead use our third eye - and while I don't think my third eye is the answer, I do think our analytical minds can confuse us instead of help us.
Look at it this way: Less than 10% of active traders beat the S&P 500 any given year; and if they beat it one year, the chance is less than a coin flip, that they beat it again the following year.
Most traders understand that analysis and knowledge isn't enough anymore.
So what's the answer?
Well, if you watched the video, I'm leaning towards algorithms and artificial intelligence.
That doesn't mean looking for the "Holy Grail" – or a good set of three to five trading systems either. First, there's no Holy Grail, and it isn't realistic to believe a few systems can handle the chaos of modern markets.
There's always something working in the markets, but there isn't something that works all the time.
There's something to be said for knowing when to switch it up and try something new.
JP Sears was, and is, an emotional healing coach, and licensed "Holisitic Coach Advanced Practioner," but he found then when he posted a YouTube video he was excited when he got a couple hundred views (you can see his more serious origins in this video from four years ago).
He added the funny/satirical aspect as a complement to what he already knew, and it took him to the next level. He now gets millions.
To see more JP Sears, here's an article I shared a couple months ago. Or, get his book How To Be Ultra Spiritual.
It's a crazy world ...
Here are McCain's full remarks.
Here are some of the posts that caught my eye. Hope you find something interesting.
Let's play "Caption This Picture."
Found it under the headline "Aides Wrestle Drill From Trump's Hands As He Tries To Remove Obama Listening Device From Skull." What would you caption it?
Here are some of the posts that caught my eye. Hope you find something interesting.
"The Absolute Dominance of the U.S. Economy"
Despite all the drama with Trump, fear of economic issues, etc. America's status as an economic superpower is intact.
The chart below tallies the GDP of nations and represents each nation's GDP as a percentage of the global economy.
The U.S. economy is by far the largest at over $18 trillion.
By Continent, Asia overshadows North America and Europe. Yet, China (America's closest competitor) only has a GDP of approximately $11 Trillion.
There is a vast difference between the "Have" and "Have Not" countries.
For example, South America's four biggest economies account for 4% of the global GDP, while Asia accounts for 33.84%.
Impressive, but I suspect that America's success (globally) engenders the same resentment that the "One-Percent" get here in America.
Posted at 11:08 PM in Business, Current Affairs, Market Commentary, Trading, Trading Tools | Permalink | Comments (0)
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