Or, this positive exuberance could be no more than the enthusiasm of a classroom full of misbehaved children who have just figured out that their substitute teacher is an idiot. Oh boy. Are we going to have fun today.
Or maybe it’s a combination of all three. What do you think?
Read more at Ah, the stock market …
I wrote a book about prescience, the ability to see into the future and understand the true likelihood that an event will or won’t occur. Constructing the plot of d4 forced me to spend quite a bit of time considering how such an ability could work. What’s more, several of my characters were attempting to use their prescient skills to make money in the stock market, so I ended up learning quite a bit more about Mr. Dow Jones and all his friends, too.
Read more at Should I hope for calm or cheer on the storm?
In 2007 I took over managing all the money my husband and I had saved over our lifetime, even though I knew nothing about investing. Most of the money was in a 401K plan with my employer. I got laid off, was damned sure I didn’t want to keep that company’s stock, and so I had to do something else with it. We’d already had bad experiences with professionals too busy to answer the questions of folks with our meager level of savings, and twice we’d been directed into investments clearly not in our own best interest. There wasn’t going to be a third time. Not when everything we had was on the table.
So I spent the rest of 2007 figuring out how to buy stocks myself and, hopefully, how do it well. The jargon was overwhelming and the websites intimidating and the calls from other people who wanted to handle my money for me were relentless. I think it was the tenacity of those who wanted to get their hands on my savings that pushed me to persevere. I mean, if they were all that eager to do this, it couldn’t be that good for me, right? Then, well…..
I guess you all heard about what happened to the economy in 2008, didn’t you?
Read the rest of the story on my d4 blog at “The Big Short”: a review and a look at modern investing.
“Really?” Ariel asked. “Is he getting some sort of insider information?”
“Not that quickly, he isn’t. And not on every stock traded. His parameters deal with trends. It’s more like he has a minute-to-minute sense of what whole segments of the market are going to do. He still needs us, our machines and our software, to make the millisecond trades, but the faster he can direct that software, even on a second-by-second basis, the better he does. We give him a few more seconds of speed and he starts to beat out everyone else past any statistical probability.”
Ariel’s funny feeling about Baldur Hákonarson was growing. “Jake, do you believe that somebody can, I don’t know, sense the future?”
“You mean like be some kind of psychic? No, I don’t. What I mean is that I didn’t used to believe in that kind of thing, at all. But facts are facts. I just don’t know how else to explain what this man can do.”
Read this full excerpt and two more at d4: synopsis and my 3 favorite excerpts.