the news alain de bottonSpent a couple of nights off grid and picked up Alain De Botton’s latest book The News.

Here’s a little nugget from the inside flap: “The News occupies the same dominant position in modern society as religion once did, but we rarely consider its impact on us.”

And here’s another from inside the book: “In its stoking of our fears, the news cruelly exploits our weak hold on a sense of perspective.”

There’s a bit about financial news too: “To write up the goings-on in businesses only in economic terms, to sum up an entire company as being +1.20 or to compress the experiences of 8,000 people into a turnover of 375,776 seems as limited as reducing a novel of the complexity of Pride and Prejudice to a ledger of the characters’ bank accounts.”

Amazing, I had never questioned the news properly before reading this book.

Here’s this week’s links:

9 Scenarios where the Internet of Things could change our lives.

How I lost a sh*t ton of money.

Trader turns $1600 into $1.7 million in six months.

Banking culture breeds dishonesty.

Money rolls in for the money managers.

See your portfolio as a city skyline.

wall street chart

src: IG Index

It’s been a pretty quiet week. Stock markets are at record highs but volume is low and trading ranges are tight. I would not be surprised if we see another dip before the uptrend can resume.

$HP reported this week, the company missed estimates for earnings but beat on revenue. The stock is looking pretty cheap now, I may even write an article about it.

Here’s this week’s links:

How much money does Bill Gross make?

60 tips for stock traders.

Bruce Greenwald investing series Part 1.

US stocks are now the most overbought.

Apple is bigger than Russia, Italy and Singapore combined.

Warren Buffett indicator shows market is overvalued.

This week’s quote:

“Watching the tape all day on TV, your computer, or at your broker`s office is a good sign that you are hooked on trading and may be over leveraged. Leveraged traders need to watch every trade; their money is depending on the prices going their way. You do not want to be that person.”

– Jim Rogers.

More next week. Have a great weekend.

The following day trading strategies are meant for beginners and experts alike but remember that day trading is full of risk and the majority of those who attempt to day trade end up losing money.

One reason for this is that financial markets are dynamic and extremely efficient. Markets are dominated by machines which means they are very hard to beat.

20 day trading strategies for beginners

Read more »

bird in raglanGooday.

Went down to the supermarket and picked up a great bottle of red that comes from the Hawkes Bay region.

Going to soak in some more of the late evening rays then head off to a local restaurant for dinner.

Blimey, it sounds like I’m on holiday. I’m not by the way!

Looking at the markets, the portfolio had a decent week, $FF is finally starting to come round and $CPA too. But my stock picks from Monday aren’t looking too great. Anyway…

Here’s this week’s links:

Good article from Damodaran about Amazon.

The Turtle Trading System – up 94% this year.

The mysterious Japanese day trader who moves more than 1 million.

A new trading blog I found called Northman Trader.

What the?? Arbitrage traders have moved into online ads?

Finally… Another largely pointless but moderately interesting article from Market Watch about Tesla.

Have you come across anything interesting this week? Share in the comments please!