Why people with high IQs are often horrible traders [Part 2]

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Why people with high IQs are often horrible traders [Part 2] P.S. Keep reading because I want to share something extremely personal with you... In yesterday's email, I explained why EQ (emotional quotient or emotional intelligence) is a greater predictor of success than IQ. Ironically, our quote provider took a crap on a day where more »

Why people with high IQs are often horrible traders

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Why people with high IQs are often horrible traders   Listen to this crazy paradox: According to Drs. Travis Bradberry and Jean Greaves, authors of Emotional Intelligence 2.0, “people with the highest levels of IQ outperform those with average IQs just 20% of the time, while people with average IQs outperform those with high IQs more »

The “Kindergarten Cop” method for finding winning trades

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The “Kindergarten Cop” method for finding winning trades In 1990, action superstar Arnold Schwarzenegger decided to roll the dice… …he would play the lead role as an undercover detective. His assignment? Teach kindergarten to catch a murderous drug kingpin. By all accounts, the movie should have been a flop. The #1 rule in Hollywood -- more »

The Giant Stock/Bond Spread

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I've got some important information to share with you. The normalized spread between stocks (SPY), and bonds (TLT) is now 7.95 – the highest level since 2011. Here’s a chart: The spike up in stocks, and the drop in bonds is the opposite what we initially saw after the Brexit vote. I got a lot more »

The "ABP" method for getting your sh$* together

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The “ABP” Method for Getting your Shit Together From the 1992 movie Glenngary Glen Ross Ed Harris: What's your name? Alec Baldwin: F____ you. That's my name. You know why, mister You drove a Hyundai to get here. I drove an eighty-thousand dollar BMW. THAT'S my name. And your name is you're wanting. You can't more »

Why does the stock market crash, and how can I predict the next one?

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Why does the stock market crash, and how can I predict the next one? Leonardo Da Vinci was arguably the most accomplished person to come out of the Renaissance period. In his Codex Leicester, Leonardo tried to answer why the sky is blue. His answer: “I say that the blue which is seen in the atmosphere is more »

These guys made the biggest blunder ever

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I read about trading strategies like a hungry junkyard dog eats a T-bone steak. That kind of determination has paid off handsomely. My dream home, toys, vacations, money, status...those are nice...but what I love the most is f-r-e-e-d-o-m. So when I ran across an article from a certain advisory I shall not name, I ended more »

Keynes Dark Prophecy

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Keynes Dark Prophecy Casino capitalism is what Keynes called it. When speculation runs rampant in the markets. In the 80’s, Warren Buffett famously lambasted financial derivatives. He said they served no social value, and instead of doing the work of the invisible hand, they were “an invisible foot kicking society in the shins.” He took more »

How to tell if a rally (or decline) will have legs

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How to tell if a rally (or decline) will have legs “She's got legs, she knows how to use them. She never begs, she knows how to choose them. She's holdin' leg wonderin' how to feel them. Would you get behind them if you could only find them? She's my baby, she's my baby, Yeah, more »

Big Brother Forces You to Report if You Have 100 of These

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Big Brother Forces You to Report if You Have 100 of These Personally, I’m an advocate for privacy. I don’t think grannies should be getting pat downs at airports. The NSA should not be spying on its own people. Yet when it comes to position limits and reporting in the markets, I’m all for it. more »

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