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The End of Probability: A new way of thinking about derivatives — with Elie Ayache

Every once in a while, you meet someone and you just look in the mirror and think: hey, I’m not worthy. What am I doing with my life?

Today’s guest Elie Ayache is part entrepreneur, part philosopher, and part technologist.He takes aim at Taleb’s Black Swan model (and in general our view of probability and market pricing) and provides a new model of how to view contingent claims and their relationship with the market’s pricing mechanism. He walks the talk, growing and expanding his software firm’s client base with institutional investors.It’s possible that with time, his software and theory will have a significant impact on how contingent claims are viewed, priced and traded.

We discuss his new book, The Blank Swan: The End of Probability.  I learned a ton about how this all works (even if I didn’t understand everything Ayache spoke about). Continue reading “The End of Probability: A new way of thinking about derivatives — with Elie Ayache”

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Top Investment Resources for Sentiment Analysis

The holy grail for investors — and one being frantically searched for by technologists, entrepreneurs, and investors — is to find a way to program machines to decipher social media (or more accurately, unstructured text) and structure a trading system around it.

Sentiment analysis (the ability to pull out what people are feeling by the words they’re using online) is one of the next big things in investing. Here are a few of the resources investors may want to consider when learning about sentiment analysis and portfolio management.

Have any suggestions? Add your own below.

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The Best Way to Play Earnings with Options — with John Shon

Investors should always be on the prowl for investment strategies to improve returns while lowering risk.

new book by john shon

While everyone knows that options can help here, very few individual investors I’ve met actually have a good strategy to implement options.

John Shon, author of Trading on Corporate Earnings News: Profiting from Short Term Options Positions and a professor of accounting at Fordham University, joins us on this episode to discuss:

  • why earnings announcements are good times for investors to make money
  • why stocks continue to move big after earnings, even though they’re being scrutinized
  • how to use options regardless of whether we’re right about earnings strength/weakness
  • how to capitalize on post-earnings announcement drift (stocks continue to move AFTER earnings announcement)
  • advice on how to increase chances of success in options strategies around earnings announcements Continue reading “The Best Way to Play Earnings with Options — with John Shon”
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Using small bets to become a better investor — with Peter Sims (transcript)

On Tradestreaming Radio, we’re interviewing lots of innovative entrepreneurs, investors, and researchers all trying to make investors better at what they do. Check out our archives. Subscribe on iTunes.

Part of learning to be a successful investor comes from learning to fail.

Sometimes we’re afraid to fail so we don’t bother trying.  Other times we bet too much only to prematurely end the learning process.

Successful investing comes from making small mistakes, learning from them, to get to a successful outcome.  It’s as much about the process than it is the outcome.

Peter Sims, author of Little Bets: How Breakthrough Ideas Emerge from Small Discoveries, joins us on Tradestreaming Radio to discuss his findings after interviewing hundreds of successful businessmen, entrepreneurs, and social scientists. Continue reading “Using small bets to become a better investor — with Peter Sims (transcript)”

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Using dividends to build your portfolio — with Paul Rubillo (podcast)

Dividends are essential building blocks of retirement portfolios and growth and value investing.

Paul Rubillio, author of Be a Dividend Millionaire: A Proven, Low-Risk Approach that Will Generate Income for the Long Term, joins us on this episode of Tradestreaming Radio.

We discuss:

  1. dividend.com ‘s system for ranking high dividend stocks
  2. Paul’s experience trading full-time for a living
  3. common mistakes investors make when looking at income producing stocks
  4. how dividend.com grew to be the largest dividend website without paying for marketing

Continue reading “Using dividends to build your portfolio — with Paul Rubillo (podcast)”

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Become a better investor by boosting your confidence – with Tim Sanders (transcript)

On Tradestreaming Radio, we’re interviewing lots of innovative entrepreneurs, investors, and researchers all trying to make investors better at what they do. Check out our archives. Subscribe on iTunes.

Audio transcription provided by Speechpad.com.

Announcer: Live from the Internet, it’s Tradestreaming Radio with your host, Tradestreaming.com’s own Zack Miller.

Zack: Hey, this is Zack Miller, and this is Tradestreaming Radio, our place on the Internet to talk about tools, tips, and technologies to
help make you a better, more accurate investor. This is our podcast.

You can find this podcast on iTunes. You can also find this podcast and all of our archives on my website, Tradestreaming.com. There’s a lot of great content there as well. Come drop by, leave us a comment. Let us know what you think about the podcast, and let us know what we can do better. This is about you guys and helping bubble up great ideas from expert opinion to help us all in our daily work.

Very honored today, we have a bestselling author guest. His name is Tim Sanders. He’s a consultant of Fortune 1000 companies and
an international keynote speaker. He’s authored four books, the first of which was the New York Times and international bestseller, Love Is the Killer App: How to Win Business and Influence Friends. His newest book is called Today We Are Rich: Harnessing the Power of Total Confidence

We met up with Tim on a grueling three-month road show, where he was talking at conventions, speaking in front of affiliate groups, and obviously launching his book. Tim, in the same steps as Todd Tresidder, who we had on a couple of weeks back, is a motivational speaker. But he’s more than that. He helps meld thought, breaking our thoughts, getting us thinking about positive, and actually bringing us into action with those thoughts.

This was a field I hadn’t really given a lot of thought to when we first started the podcast. In fact, I was focusing more on the pure investment, the quant side, even the qualitative side. This is more touchy-feely in my mind, but I find I got a lot of great feedback from Todd’s financial mentor podcast. This one’s a great one. Tim’s going to help us talk about everything about the diet we should feed our mind, breaking out of sort of a loser thought process and finding meaning in everything that we do. I found this conversation with Tim incredibly uplifting, and it made me actually go want to fight a bear. So I hope you find it as interesting. Let us know what you think. We’ll just jump right into the conversation. Continue reading “Become a better investor by boosting your confidence – with Tim Sanders (transcript)”

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Using small bets to become a better investor — with Peter Sims (podcast)

Part of learning to be a successful investor comes from learning to fail.

Sometimes we’re afraid to fail so we don’t bother trying.  Other times we bet too much only to prematurely end the learning process.

Successful investing comes from making small mistakes, learning from them, to get to a successful outcome.  It’s as much about the process than it is the outcome.

Peter Sims, author of Little Bets: How Breakthrough Ideas Emerge from Small Discoveries, joins us on Tradestreaming Radio to discuss his findings after interviewing hundreds of successful businessmen, entrepreneurs, and social scientists. Continue reading “Using small bets to become a better investor — with Peter Sims (podcast)”

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Best investors of all time

If you could pick a team of investors — the best investors of all time — who would you pick first?

I’ve assembled the beginning of a list (it’s just the beginning).  Are the best investors old-school value gurus like Ben Graham or more like the research and technology machines like Stevie Cohen’s SAC Capital?

You make the call. Vote below. Continue reading “Best investors of all time”

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Best books on behavioral finance

Finding the right books on behavioral investing, behavioral finance, behavioral economics (whatever you want to call it) is tough.

I’ve compiled a list of some of the best selling behavioral finance books on Amazon.  While we can argue which are better (please rank/add your favorites!), it’s important to be able to start the discussion.

From Thaler to Mauboussin to Montier to Shiller, there are a lot of books being written now on the behavioral aspects of investing. Some are good — some are better.

What do you recommend? Continue reading “Best books on behavioral finance”

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Become a better investor by boosting your confidence – with Tim Sanders (podcast)

finding a job in finance

Sometimes the simplest things in life can make the biggest differences in our investing.

Tim Sanders is a student of human nature, a best selling author of four books (including the new, Today We Are Rich: Harnessing the Power of Total Confidence, and a consultant to Fortune 1000 businesses.

He knows a lot of top investors and understands the investing process well.  He’ll tell us about a mastermind group he participates in that has increased one participant’s net worth by 400%. Continue reading “Become a better investor by boosting your confidence – with Tim Sanders (podcast)”