The journey from trading novice to trading pro requires picking up a number of skills. How you get there is an important decision. There are three main ways that I am aware of and the main difference between them is how long it will take to reach your goal, assuming that trading is right for you at all. The main differences between them are the difficulty and the time to learn. They are: (more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Clarifying Why With: What If?
Often times we get caught up in the asking of why rather than asking what if. It sounds like such a subtle distinction and for some it’s an exercise not worth pursuing. However, it is sometimes this very innocuous line of questioning that is the only thing that gets at the root of many issues facing not only business in general, but sometimes rooting out the answers one doesn’t want to actually face – never mind deal with.
Personally I made many of my marks in business by being the person who more often than not had to pick up the pieces or control their trajectory as to where they may land ahead of time during my tenure in the business world. Today the professional moniker is “an expert in Crisis Management.”
Expert is not for vanity’s sake. If I had done it once that could be racked up to chance, twice could be coincidence, but three times and more and you’ve distinguished yourself with a track record.
1 Reason to Tune out 90% of the Gold ‘Community’
- Because they remained bullish throughout a bear market while spouting slogans and dogma, keeping gullible people in the grip of a fantasy that they are comrades in arms against evil forces and that in the end, good will prevail.
In the end gold will be assigned its value, but there is absolutely no reason that people should have been hurt in the interim by holding the speculations that revolve around gold, especially at the behest of cranks, charlatans and carnival barkers. (more…)
Real Estate Recency Bias
If there’s one sweet job to have — besides being a Goldman banker – – it’s Palo Alto real estate agent (at least a top-tier one). These days, just toss an ad into the Palo Alto Daily Post, and, voila, multiple above-market offers, of which you get a healthy percentage. The winningest realtor in town these days in Ken DeLeon, who is (not surprisingly) given editorial space on a regular basis in the paper in which he advertises regularly so he can share his (cough cough) objective view on where real estate is headed. His conclusions, of course, tend to suggest everlasting upside.
