I hate to think. And I hate emotions. I used to think I was smart. I’d make a trade and it would immediately go against me and I’d be miserable. I’d sit…
I hate to think. And I hate emotions. I used to think I was smart. I’d make a trade and it would immediately go against me and I’d be miserable. I’d sit and look at the screen and feel the blood pumping all through my body. “Take a break,” another trader told me. I would […]
Our brains are messed up. Daniel Kahneman, the Nobel Prize winning economist, calls the ways we are messed up “cognitive biases.” Our cognitive biases make us sell stocks whenever everyone else is…
Our brains are messed up. Daniel Kahneman, the Nobel Prize winning economist, calls the ways we are messed up “cognitive biases.” Our cognitive biases make us sell stocks whenever everyone else is selling. Cause us to buy stocks when everyone else is buying. This is called “herd behavior.” Another cognitive bias is called “loss aversion.” […]
I was scared and I needed to make a lot of money. This is what happened. It was a beautiful day. No clouds. A deep blue morning. The best day. The stock market looked like…
I was scared and I needed to make a lot of money. This is what happened. It was a beautiful day. No clouds. A deep blue morning. The best day. The stock market looked like it was going to open higher. I ate breakfast at the Dean & Deluca on the bottom floor of the World Trade Center. […]
I wanted to raise some money. My neighbor said, “Meet my boss. He runs a hedge fund.” I met the boss. He gave me the tour of the office. Everyone was buying…
I wanted to raise some money. My neighbor said, “Meet my boss. He runs a hedge fund.” I met the boss. He gave me the tour of the office. Everyone was buying and selling stocks. Then we sat in the boss’s glass office. We could see all the employees and they could see us. He […]
Tracy Morgan stopped by the club. I said, “Want to go on up?” He said, “I got nothing. I got nothing… Ahh, whatever. I’ll go up. I’M TRACY MORGAN!” He went up…
Tracy Morgan stopped by the club. I said, “Want to go on up?” He said, “I got nothing. I got nothing… Ahh, whatever. I’ll go up. I’M TRACY MORGAN!” He went up for 20 minutes just spewing jokes nonstop. Everyone was laughing. He had this raw energy. He was shouting and laughing. And making faces. […]
I’m disappointed. I wrote this up as a crowdfunding project for Kickstarter. They rejected me (within seconds). Then I put it up on GoFundMe. I actually started raising money. But then they…
I’m disappointed. I wrote this up as a crowdfunding project for Kickstarter. They rejected me (within seconds). Then I put it up on GoFundMe. I actually started raising money. But then they rejected me (within days). I guess they didn’t think I was serious. But I am. I’m very serious. — HERE’S WHY WE NEED […]
It’s Altucher’s Book Club time! This week, we recommend two books: “F*ck Whales” by Maddox and “Barking Up the Wrong Tree” by Eric Barker. I discuss both books in the video below.…
It’s Altucher’s Book Club time! This week, we recommend two books: “F*ck Whales” by Maddox and “Barking Up the Wrong Tree” by Eric Barker. I discuss both books in the video below. It also features one friendly guest appearance and my favorite game! In the video, you’ll find out why it’s stupid to follow your […]
