First thing to share with you today is that nearly all my chickens have been slaughtered by a fox overnight. Only two, Travis ( the cowardly cockerel ) and Golden Girl, survived. No more eggs for breakie for me for a while.
Second is a paragraph from a book I'm reading:
On the rare occasions when I boarded the 6:42 train to New York I observed with amazement the hordes of depressed business commuters ( who seemed to have preferred to be elsewhere ) studiously buried in the Wall Street Journal, apprised of the minutie of companies that, at the time of writing, are probably out of business. Indeed it is difficult to ascertain whether they seem depressed because they are reading the newspaper, or if depressive people tend to read the newspaper, or if people who are living outside their genetic habitat both read the newspaper and look sleepy and depressed. But while early on in my career such focus on noise would have offended me intellectually, as I would have deemed such information as too statistically insignificant for the derivation of any meaningful conclusion, I currently look at it with delight. I am happy to see such mass-scale idiotic decision making, prone to overreaction in their post perusal investment orders - in other words I currently see in the fact that people read such material an insurance for my continuing in the entertaining business of option trading against the fools of randomness.
Nassim Taleb, "Fooled by Randomness, The Hidden Role of Chance in the Markets and in Life"
OK, so he is pretty arrogant and rather pleased with himself, but if you havn't read this before it's a good one.
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