Daily Archives: August 20, 2015

Jennifer Harman’s managed to lose up to $500,000 (-$500K) in one session, saying; ‘You can go on a bad losing-streak and really get destroyed — you need a lot of cash behind you to withstand the losing-streaks; I’ve definitely gone … Continue reading →

• Russian roulette. Say a strategy yields above-average returns for 9 years and a catastrophic loss in the 10th. This is a formula for wealth – if you are playing with other people’s money. Collect a handsome-fee during the good years … Continue reading →

How is Wall Street like the Titanic? The author of The Black Swan has a theory. In his 2007 book, The Black Swan: The Impact of the Highly Improbable, Nassim Nicholas Taleb writes that banks are so connected that ‘when … Continue reading →

(Super) High IQ facilitates general achievement, particularly achievement that involves figuring out patterns, making connections, and performing complex work with efficiency and accuracy. Having a fast, accurate processor and spacious mental-canvas means more distant-relations and patterns among details can be … Continue reading →

All those degrees plus the high IQ will get you a skinny mocha grande at Starbucks – if you also happen to have $5. Alone they’re really not worth much, certainly not as much as: hard work, commitment, a high … Continue reading →

When you have CEOs making 300x what the average-worker’s making; the deck is stacked in favor of those at the top; says attorney Hillary Clinton… ‘I want it to be back where it was when I came of age, where my … Continue reading →

In 1860s Manhattan, young men and women in search of some excitement could duck into a little stationery shop uptown, open the unmarked-notebook on the counter, and scribble a message to all the other strangers who were in on the … Continue reading →