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Daily Speculations The Web Site of Victor Niederhoffer & Laurel Kenner Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter; a forum for us to use our meager abilities to make the world of specinvestments a better place. |
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2/8/2005
Feng Shui Finance, by Nigel Davies
Not that I know anything about Feng Shui (and may in
fact be using the term incorrectly), but I recently
discovered the joys of simplifying life by reducing
the number of bank accounts, trading accounts and
credit cards that I have. I've also been setting about
repaying our mortgage like a thing possessed, for no
other reason than to clear my head.
Lasker advised against overburdening the memory with
too much information as the mind should be free to
think. I suspect that having too much paper in your
office can have the same effect, not to mention too
many computer programs, too many indicators, too much
data. I have chess databases with literally millions
of games, which is all very well until you try to use
them.
In the information age could one of our major
challenges be selectivity? It strikes me that this
could also be one of the main ways to get an edge.