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Book Review: The Four Hour Work Week


How would you like to work only four hours a week whilst maintaining or even increasing your income? I have to say I would and that is what lead me to purchasing this book. I had heard about this book but wasn’t convinced. So when I saw the book on special at my local supermarket I thought I would give it a read.

The book is written by Timothy Ferriss and he certainly practices what he preaches. He is another individual that is impossible to label. According to his biography he has been a cage fighter in Japan, holds a Guinness world record in tango, national Chinese kickboxing champion and actor in a TV series in China to name but a few of his achievements. Did I mention he is only 29 years old? You can see some of his media appearances and interviews on his website The Four Hour Work Week. The book is around 300 pages in length and is a straightforward read. From a trading perspective chapter six The Low-Information diet: Cultivating Selective Ignorance is a must read.

Contents of the Book 

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Sunday Comic


Not all programers are created ==.

Web Comic

Source:http://xkcd.com/221/

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How Lucky are you? Can Luck be quantified scientifically?


Lucky Early this week I watched an interesting article on ABC’s science show Catalyst. Catalyst looks at a broad range of Australian and International stories dealing with scientific breakthroughs and generally presents issues relating to science.

The story I found most interesting was called Lucky. The story focused on Professor Richard Wiseman research into luck. The basic findings were that lucky people were not born lucky they are merely unintentionally applying four basic principles. The four basic principles that have arisen in the research were:

Principle One: Maximise Chance Opportunities

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Visual Studio 2008 and some Quant Links


ProEdVisMy copy of Microsoft Visual Studio 2008 Professional Edition arrived today and I made sure I installed it promptly. The software comes packaged in the new style plastic boxes, much like Office and Vista. There are two DVD’s one contains Visual Studio 2008 and MSDN documentation and the second contains SQL Server 2005 Developers Edition. I have not had a chance to properly take it for a test run but after I do I will post a review. The install process was extremely simple, however I uninstalled my CTP releases first.

Install Process

The install process is really basic and can be summarised in just three steps as highlighted below.

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Thursday Finance Links:


Econbrowser with NYCStreetOil and the Great Moderation.

Buyout CLOs used for Fed loans Naked Capitalism.

This is an excellent piece from Naked Shorts Crack prices plunge—Fred Reserve.

The Big Picture takes a brief look at the UnTradeables.

Algorithmic Trading - Key Components for Real Time Trading from Money Science.

The Rise and Rise of Analyst Meredith Whitney from Bloomberg.

More wisdom from Deep inside SEC filing from crossing wall street.

Trader Feed looks at  three steps for breaking patterns of frustration in trading.

A great interview with Activision CEO on Portfolio News.

The Prince of Wall Street writes about Private Equity’s Investment Style Drift.

China Trade Surplus Narrows; Foreign Investment Rises from Bloomberg.

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Microsoft Excel Tutorial Series: The basic’s of charting: Candlestick Charts


candleStick This is part six of our Microsoft Excel Tutorial Series, if you haven’t read the previous articles you can find them here:

An Introduction to Microsoft Excel 2007

The basic’s data entry and navigation

Importing Market Data from Yahoo Finance

The basic’s of charting market data the line chart 

The basics of charting market data the bar chart

Today we will be looking at setting up candlestick charts in Excel. This tutorial will go through producing the two built in Excel versions of candlestick charts. Normally a candlestick chart will display open, high, low and close and the range for a given period. They are a great tool to quickly gauge price action.

Candlestick Chart 

I am going to assume that you are familiar with candlestick charts, however if you are new to these type of charts I have included some useful resources on the topic of candlestick charting below.

Introduction to Candlesticks

The Art of Candlestick Charting

Books

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I was wrong; and the only thing to do when a man is wrong is to be right by ceasing to be wrong. — Jesse Livermore