Stocks, Investing, Real Estate, Charlie Munger And Inverse Thinking

Charlie Munger likes to think inversely. Inverse thinking simply means focusing on the things you don’t want to happen. Munger didn’t invent this concept, but he has made it immensely popular. (We recommend reading our article about Charlie Munger quotes.) While Munger turns the question on its head, he touches upon a very important aspect:…

Things To Consider Before Trading Full-Time (Don’t Quit Your Job)

Many traders want to take the leap and go full time. Being a full-time employee while your real passion is trading, can drain your energy. It’s frustrating because your mind is elsewhere: the dream of freedom, independence, and becoming wealthy while you are working from wherever you like. No commuting, no boss, no 9-5 stress….

The Education of a Speculator By Victor Niederhoffer (Review, Summary, And Lessons)

I regard Victor Niederhoffer’s The Education Of A Speculator as a must-read for any aspiring quant. Why?  Because it explains the foundation and principles for successful speculation. In this article, I give a brief review and summary of the book. In the end, I give you my main lessons and takeaways from the book. I…