William Morris said: "If you want a golden rule that will...

William Morris said: "If you want a golden rule that will fit everything, this is it: Have nothing in your houses that you do not know to be useful or believe to be beautiful". What is the equivalent for our mental houses?: Barry Ritholtz: More Signal, Less Noise: "ere are some things you need to understand if you want to decrease the noise...



...More Signal, Less Noise




News is Old���it is misnamed and not especially forward looking;


Data first and foremost; avoid the anecdotes and narratives;


Everyone talks their book (i.e., Whats their agenda?)


Recognize what financial chatter��is merely idle gossip;


What is within your control? What is not?


Understand empiricism and probability analysis;


Eliminate all sources that are biased, or are not driven by your goals, or have a different agenda; (Delete money losers with Extreme Prejudice)




8.��Understand the concept of time, and the long game




Separate what is for Fun and what is for Real


10.��Refining your process is your goal. Get that right and the outcomes will improve naturally;
Your consistent focus should be to keep yourself concentrating on that which truly matters and learning to reduce or even better, ignore that which does not...






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Published on January 01, 2019 06:56
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