Jul

28

Notes, from Hernan Avella

July 28, 2023 |

1. While individuals in this list may prefer chess or checkers, it is the game of Go that best mirrors the seemingly infinite combinatorial power of market moves. Let's set poker aside for now.

2. "The turn," rather than the tick, is the fundamental unit of market analysis.

3. There's an elegant interplay between Jeffersonian and Hamiltonian stocks. However, to capture it, an expert model seems more appropriate than the usual regularities work.

4. An additional reason to consider playing the long side on equities is this: when the market rises and volatility is low, you fare well. And even when the market declines and volatility increases, the numerous rebounds still position you advantageously. It's never wise to become enamored with the short side, as I did in 2008-2009. I made a considerable profit, but it took over two years to rid myself of the bearish bias.

5. Physicist Sean Carroll conducted an insightful interview with David Krakauer of SFIan insightful interview with David Krakauer of SFI. The topic of complexity is very relevant for traders, yet only those with strong fundamental technical skills can fully appreciate it.

6. Cattle Kingdom is a compelling book to listen to, replete with fascinating stories about the boom and bust cycles of the cattle business, which underscore the basic structure common to all cycles in the US. We have a knack for creating bubbles, and overall, this is a positive aspect that should be safeguarded.

7. Does anyone have a comparison of the fundamentals between the peak in January 2022 and now? The current prices in relation to interest rates appear somewhat unusual. However, we need to examine the situation more closely.

8. 10 years later, but here's the python version of An Introduction to Statistical Learning. I'm glad that when I had to choose between R and Python, I chose the latter.


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search