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15 votes
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/r/WallStreetBets and how it came to be a force in the stock market
19 votes -
Coronavirus disinformation may have contributed to market drop
6 votes -
Costco capitalism
9 votes -
The dot-com bubble - Five minute history lesson
8 votes -
Chinese markets plummet beyond 8% amid virus fears on first trading day after Lunar New Year holiday
12 votes -
China's markets will reopen tomorrow, with the central bank intending to inject 1.2 trillion yuan ($174B) worth of liquidity
6 votes -
Famed Medallion Fund “Stretches . . . Explanation to the Limit,” Professor Claims
4 votes -
Finland's financial watchdog probes Nokia's October share crash – CEO Rajeev Suri denies that the company tried to keep its 5G troubles secret
4 votes -
What are futures?
3 votes -
Flash crashes and dark pools; High-frequency trading explained
6 votes -
US SEC rejects NYSE plan to allow companies to raise capital during direct listings
6 votes -
The value of Norway's sovereign wealth fund, the world's largest, grew to a record ten trillion Norwegian crowns ($1.09 trillion) on Friday
7 votes -
Twitter stock plunges 20% as company blames ad-targeting problems for earnings miss
10 votes -
Global stocks sell off as economic fears mount
11 votes -
'At what point does malfeasance become fraud?’: NYU Biz-School Professor Scott Galloway on WeWork
4 votes -
WeWork has announced it will withdraw its S-1 filing as it seeks to postpone its IPO
9 votes -
Unprofitable companies are raising the most IPO cash since the dot-com era
12 votes -
WeWTF : A look into WeWork S1 filing and business model
18 votes -
WeWork's parent company is expected to postpone its IPO
9 votes -
How the promise of a $120 billion Uber IPO evaporated
10 votes -
'It's a laughable fiction': How Uber's $82 billion valuation was built on a lie to its workers
13 votes -
Uber files for its IPO
12 votes -
Tesla shares tumble after company unveils ‘underwhelming’ Model Y
9 votes -
Lyft files for IPO before rival Uber
11 votes -
Uber losses top $1bn in run-up to IPO
21 votes -
Tesla shares jump by more than 12% after surprise third-quarter profit that beats Wall Street expectations
17 votes -
How the first ever telecoms scam worked
12 votes -
Tesla shares are soaring. Five experts weigh in on what comes next
8 votes -
Vanguard warns of worsening odds for the economy and markets
5 votes -
A Financial Book discussion - Because we don't have a ~money sub yet
I'm re-reading through some investment books right now and thought I'd throw one them out here with my thoughts and questions. Investing and the Irrational Mind: Rethink Risk, Outwit Optimism, and...
I'm re-reading through some investment books right now and thought I'd throw one them out here with my thoughts and questions.
Investing and the Irrational Mind: Rethink Risk, Outwit Optimism, and Seize Opportunities Others Miss
by Robert Koppel
The title of this one intrigued me. Author Robert Koppel is a former investor/trader on the Chicago Mercantile Exchange. He covers a lot of research on what psychologists have discovered about biases and irrational thinking, particularly as it relates to investing and trading. He's also interviewed many other investors and offers his own observations from extensive experience.
He goes back and forth between having and investment plan and using intuition, which as it turns out are both tactics investors have used. I think the valuable part of this book is the way he ties in research by Nobel Prize winner Daniel Kahneman and others on biases to what happens when we make good and not so good decisions in finance. An example of one of those common pitfalls:
We also experience a reflection effect whereby individuals make irrational choices to enter or exit an investment based on a subjective reference point determined by whether they have already experienced a gain or a loss. An example of this would be someone waiting for a “breakeven” price before exiting from an investment that is performing poorly rather than looking at the market objectively, without reference to the purchase price.
The book isn't so much an investment strategy but rather a good overview of what's involved in the process. As someone who has handled his own investments for years, I found that Koppel's book is realistic and practical, especially for those of us who've had to make those hard decisions on buying and selling, either for the long term or short term.
My own particular problem is watching things too closely and losing a sense of longer term movement. Investing And The Irrational Mind is a great tool for giving me pause and reflecting on the mistakes I've fallen into over the years.
Even as basic a rule as "cut your losses short" is hard to follow and really give me pause to think about issues I've held onto for too long as well as others that went on to go up and away. I've love to hear your thoughts.
6 votes -
Facebook is the first company to see its market cap drop by over 100 billion USD in one day
16 votes -
What the stock market's most crucial week of the year tells us about the road ahead
5 votes -
Italy: Political turbulence spooks global financial markets. The euro has fallen to its lowest value against the dollar in almost a year
9 votes -
A woman has been named as NYSE president. It only took 226 years.
5 votes -
Inside the world’s most elite (and secret) traders’ club
4 votes