It’s Never the Market’s Fault: How Winners Own Their Mistakes and Constantly Improve Their Results

There are a lot of people confounded by the market’s epic rally in the face of what appears to be a dire economic situation. The US economy faces double digit unemployment, with entire sectors such as travel and hospitality potentially less viable as going concerns. The price of oil recently traded below zero and interest … Continue reading It’s Never the Market’s Fault: How Winners Own Their Mistakes and Constantly Improve Their Results →

How Top Traders Change Their Mental States to Beat Negativity

Even the best traders and investors face losing streaks. Steve Eisman launched a hedge fund after his famous Big Short call. It failed. John Paulson made a big call on gold after making billions on shorting the housing market. The call was wrong and his fund suffered large outflows. Bill Ackman's single most famous short … Continue reading How Top Traders Change Their Mental States to Beat Negativity →

Michael Steinhardt: How Successful Investors Perceive Things Differently

You can be a successful long-term investor in one of two modes: passive or active. Passive investors tend to look at the research related to investment transaction costs and the challenges of beating the market over the long-term and put their investments on “autopilot” by selecting solid index funds over the long-term with a reasonable … Continue reading Michael Steinhardt: How Successful Investors Perceive Things Differently →