The “Black Swan” hit the tipping point with the financial world and it appears to me that most investors and traders are aware of the concept. A Black Swan is a rare event with significant consequences and it is unpredictable. Nassim Taleb is the author of The Black Swan and Fooled by Randomness. While the [...]
The following quote from the book gave a good idea how the title came about.
“Once in the dead dead days beyond recall, an out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at the anchor.
He said, “Look, [...]
Biderman holds the perspective that the stock market is a casino. In this casino, he sees the companies and funds as the house and the retail investors as the players. Similar to the real casinos, the players always lose to the house over the long run. The following is how he briefly describes his observations about [...]
”Eileen and Wei Teck are experienced property investors with a wealth of knowledge to share. Most importantly, they have a positive attitude towards life and they love people. I believe their stories in this book will inspire you to achieve greater things in life!”
I gave the above testimonial for my good friends’ book. I knew [...]
I have done trend following in the past but it was not successful. I believe many people had the same experience for me and are quick to denounce trend following does not work. No matter how we hold that opinion, there are enough professionals making money with trend following strategies. Andrew Abraham is one of [...]
Permanent Portfolio (PP) is the best investment strategy for anyone. It has low volatility and decent returns that can protect you against all economic situations. It does not require lots of effort to keep up with the market as you only need to review your portfolio once a year.
If you do not know about this [...]
Fooled by Randomness – The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb
Imagine the most obnoxious tai tai you have ever come across – demanding and loud, dripping with bling, overpowering perfume; a total assault on all your senses. In the realm of books, this is exactly what Fooled by Randomness is. Nassim Taleb has an axe to grind with traditional market thinkers and like the extremely [...]
This is one of those books that challenges societal beliefs. Victor Niederhoffer made his displeasure obvious in his review of the book. He labelled it “one of the worst books ever written” and “[a] totally worthless book”. Interestingly, the Amazon ratings were not that bad after all. Anyway, I decided to give it read.
Max is [...]
Part self-help career guide, part introduction to the banking industry and part biography, The Ultimate Banker is the culmination and condensation of Edwin Lim’s 23 years of experience in the industry which saw him rise from trainee to Chief Operations Officer of several multi-national banks. Co-written by Singapore’s Lost Son Leong Kaiwen and Princeton undergrad [...]