Let's discuss the pro and cons of technical vs fundamental analysis. I'll list the arguments made in the book Technical Analysis of the Financial Markets and add my own thoughts. Quotations from the book are marked in italics. What is technical analysis? Technical analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends.  There are three premises on which the technical approach is based:
  • Market action is reflected in the price.
  • Prices move in trends.
  • History repeats itself.
Market action is reflected in the price charts Technical analysis ...
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Warren Buffett Legendary Speech 2015
In this talk to Nebraska students, Warren Buffet explains how we should think about designing our world. This is how he explained it in mostly his words. "Let's assume it is 24 hs before you are born. And you get the great opportunity to design the world you are going to live in.  You pick out the political rules, the economic rules, the social rules, you design the world in which you will be born in. So what is the catch though? Well, you won't know whether you will be born black or with, male or female, rich or poor, bright ...
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Foundation 20 // Elon Musk
So, I've been guilty of only seeking positive feedback too. But I really have to change this bad habit and so should you. Don't blame, blame Elon Musk. He thinks it is the most fundamental advice for everyone striving for big things, like entrepreneurship. I previously made a post about Elon talking about corrective feedback loops. This time he talks about negative feedback. In this interview from 2012, the interviewer ask's Elon for a piece of advice he would give someone who is just starting out in entrepreneurship. Elon: "I think in terms of advice, I think it is very ...
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#Garyvee nailed it once again in this podcast (listen to the whole thing you won't regret it.) Someone in Hong Kong asks's Gary about Silicon Valley and if China, Singapore etc should copy Silicon Valley's values and standards. Gary responds basically like this: That would make me really sad... if asia started Silicon Valley's standards... All that happened in the last seven years of venture capital business mindset to the forefront is that we've thought a lot of people how to not be entrepreneurs... We thought a lot of people of how to worship fundraising not business building... the number ...
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Today I came across a review on Goodreads which pretty well sums up the notion most people have about self-help books: This book reminded me of why I stopped reading self-help books. I found this one particularly overwhelming. Filled with great inspirational advice I will just ignore because all I want to do is keep reading books... I caught myself in this situation too where I was reading useful books, but I did little to implement what I learned from them. Instead, I fell into the trap of feeling satisfied by just reading them. But the whole point of books ...
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One night while I was walking through the streets of Asunción and listening to the audiobook Becoming Steve Jobs I picked up a gold nugget which I really liked. I had seen his commencement speech at Stanford before but somehow this idea hadn't stuck with me before. I'm talking about, I guess you can call it Steve Job's approach to spirituality or his approach to life. If you read his biography, you will notice that he does not really have a fixed plan at the beginning. Somehow he just goes ahead, trusting that the dots will connect. This mindset is ...
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My euro trip from the south to the north
First destiny, Milan I wasn’t so interested in visiting this city but my travel partner chose this city as the first destiny. After all, I liked the city, it has a lot of very beautiful architecture. The city expresses a romantic vintage ambient. The street running is from 1890 or something and has incandescent light bulbs which barely illuminate the wagon. Vienna This is the cleanest and best-organized city I’ve visited so far. Perhaps only rivaled by Luxembourg. I felt the parallels to Germany in architecture and engineering with some differences. There was no control in the subway whatsoever. And ...
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In this post, I want to comment on Eli J. Finkel's article How to Fix the Person You Love. I'll just change the focus and use the title, how to grow in a Relationship. Eli elaborates on two different types of relationships. The first one represents a partner which makes us feel loved and valued, the second one represents a partner which helps us discover and actualize our best self. These two types of relationships work in very different ways. The problem is that it is often hard to help someone grow without a sober and critical eye on that ...
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Online Learning: The Challenge - Sebastian Thrun
I'm one of those happy guys who participated in the legendary 2011 Stanford MOOC, Introduction to Artificial Intelligence. That course made me (and thousands of students around the world) discover a whole different and revolutionary method of learning. I think today there is no question that Online Education works, but sometimes the question still comes up, is it enough to just learn online? I think it depends heavily on the subject, CS happens to be particularly well suited for self and online education. I did a little throwback today by watching this talk from Sebastian Thrun where he mentions how ...
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Why I dropped a MS in CS from Germany and turned to self-education
I went with a pretty high expectancy [1,2] to pursue a Master's degree in Computer Science at one of Germany's best Universities in Computer Science. Soon I found that the education wasn't at all as good as I had expected. The main reasons are unnecessary complexity or pretended knowledge and academic arrogance. I will briefly explain some of these points here without going into much detail. As you may have heard, German education prices itself by an inherent theoretical complexity. Initially, I was amazed by that apparently great and deep understanding the classroom material and professors brought to us. That was until ...
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How to learn the fundamentals of Computer Science
Over the years I've observed two bad things when it comes to computer science education. First, it simply is bad in general, with bad I mean badly structured and incomplete. Focusing on one thing but missing many other which are necessary to grasp the whole picture. In case the education is good, it still is mostly focused on a single area. I'm a holistic thinker “The more basic knowledge you have the less new knowledge you have to get.” - Charlie Munger I'm a holistic thinker which means I always like to understand the whole picture. I don't just want to ...
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Neuroscientist Explains One Concept in 5 Levels of Difficulty | WIRED
In one of his latest Interviews at the World Government Summit in Dubai, Elon Musk got asked the question of what his biggest challenge in life was. Elon took some seconds to rank and filter all his challenges and then responded: "One of the biggest challenges I think is making sure you have a corrective feedback loop, and then maintaining that corrective feedback loop over time even when people want to tell you exactly what you want to hear..." - Elon Musk Corrective feedback just means that something or someone tells us if/how/why we mess up, and if we are ...
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Thoughts on the implications of social rating
I just watched the episode 3.1 Nosedive of Black Mirror [Wikipedia]. I was impressed by the philosophical deepness of the TV show so far, but this episode impressed me in particular due to its relevance in our society. Nosedive shows a society which is obsessed with rating. A rating can be incredibly useful, whenever we check Google Maps for a nice place to go out, a movie on Netflix, a hotel, an online service, or product on Amazon, we tend to base our choice on the rating of other people. Every major service nowadays has a way for customers to leave their feedback. Feedback often ...
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"Don't be, or hire a specialist" ?
Some thoughts on this quote mentioned by Jonathan Rosenberg. Don't hire specialists, especially in high tech. Change is the only thing permanent. “I have no special talent just passionate curiosity.” ~ Einstein. I find this statement so funny because it is like a bitch-slap to modern education. Of course the way the world works right now depends on specialists! If you want to go work for the industry, most likely you will have to specialize (at least for now). But if you want to become an entrepreneur, the contrary might be true. In fact, a study found that 40% of ...
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Recently I moved my blog away from Medium to be able to customize it. Luckily, Medium allows its users to be the owners of their content, which is why it is possible to export the content in a collection of HTML files and one XML file. The only thing which stays on the medium servers are the images, though, which is not such a big problem normally as they display just fine within the post's themselves. Where the problem starts is when you use a plugin to extract the images, for a gallery or preview for example. On my blog, I ...
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These are some of the basics about reading I got from Tai Lopez's material. The Basics
  • Have one or several reading rituals every day.
  • Be in a comfortable position.
  • Make sure to turn off distractions.
  • Use a highlighter.
Before starting to read
  • Set a goal before starting to read. “Why am I reading this book?”
  • Start by the table of contents.
  • Read what people say about the author to unlock you authority bias.
Remember
  • Do not forget to re-read the best books. Only by repetition will you make the knowledge instinctual.
  • Read books about a variety of important topics ...
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Jeffrey Karpicke is a cognitive psychologist from Purdue University. His area of research looks at strategies for long-term learning and comprehension. He published several interesting studies [1,2] in which he questioned college students on how they would study for an exam. After they had read their notes or textbook one time, they had three options to choose how they were likely to prepare.
  1. Go back and study all or parts of the material
  2. Try to recall the material without restudying after
  3. Do something else
Only 18 percent of students would choose to recall information after reading it. 57 percent said ...
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Ever since I learned complex concepts, I noticed a trend. Whenever my grasp of the basics was solid, or I could relate the new information to already known concepts, my learning and retention were much better. It always imagined that the brain is a type of data grid where new concepts have to be linked to already present ones in order to be remembered. Perhaps that is not a perfect analogy but it does a good job to get an intuitive understanding of how we learn. This study shows that concepts should be introduced to students in a way that they ...
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After watching this, your brain will not be the same | Lara Boyd | TEDxVancouver
I’m one of those individuals who often are uncomfortable and bored in traditional educational settings. I always learned better and had more fun doing it, when reading a book. Except when I got a very enthusiastic teacher, perhaps that’s one reason why I like MOOC’s so much, they tend to be made by teachers who are highly passionate about education. Today I happened to watch some talks about learning and the brain.In this part of the video, Dr. Lara Boyd mentions that due to the difference in our brain structure, our optimal learning settings differ from each other, there is no ...
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The logarithmic learning curve, why its possible to be good at many things
I’m always getting a kick out of learning something entirely new. Perhaps that’s why I like to read about things outside of my expertise. Conceivably that preference of mine has something to do with the fact that we learn new skills in a logarithmic time curve as I learned in this TEDx talk. The logarithmic curve means that initially, we get better very fast when we learn a new skill, and then our improvement slows down gradually like observed in the graph below. Another side effect of getting better at a task it that we take less and less time in ...
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Optimize your learning — advanced learning tips by Jim Kwik“Knowledge is only potential power; it becomes power when we act on it.”I made a short summary of Jim Kwik’s best tips about boosting brainpower and optimize learning.The most important points can be remembered easily by the acronym FAST. Fast stands for:F ForgetA ActiveS StateT TeachNow let’s go into the details about every state.Be present!Be an active learner
  • Ask questions! (how am I going to use this, apply this, teach this to others) Put comments etc.
Don’t outsource your brain ...
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