Develop the Instincts for Trading

“I got them all wrong” exclaimed one private equity portfolio manager. “Ha! Right!” said another Chief Investment Officer when I suggested that the pattern recognition skills embedded in succeeding with the Bloomberg Tradebook Trader Brain Exercise (TBX > GO) resembled private equity decisions.
With almost ten thousand players, this exercise/game illustrates an underlying hunger for new ways to improve […]

By |October 25th, 2016|Academia, Perception, Risk Decisions, Risk Prediction|0 Comments

Recover from a Trading Mistake through Writing

A few weeks ago, I attended the annual meeting of The Social and Affective Neuroscience Society (SANS) – a seemingly unlikely place to figure out how to resolve a trading mistake! Those who follow me know I am not only a closet academic but that many of the advanced trading psychology ideas I teach originate with […]

Empathy and Intuition, Two Key Trading Thinking Styles

Two separate studies interviewing close to 200 successful portfolio managers and traders confirm what Jason Voss and Ravhee Mehta have reported in their books The Intuitive Investor and The Emotionally Intelligent Investor. Being able to read the feelings of other market participants, a form of empathy, and being able to parse one’s one feelings for […]

Emotional Intelligence circa 2014

Fast Company recently wrote that EI or emotional intelligence is beginning to be considered along SAT scores in college admittance – at Yale no less! Likewise, the New York Times reported on how emotional awareness tactics are helping discouraged job seekers find work.

What’s up with this? Why is emotion – that feared and denigrated element […]

By |March 5th, 2014|Academia, Emotion research, Perception|0 Comments

Neuroscience & The Risk Manager including White Paper The Art of Algorithmic War

Coates, Shull, other experts weigh in on risk professionals’ attention to their discipline

Thursday, May 02, 2013,
Risk Professional Magazine (published by the Global Association of Risk Professionals – GARP)
By Katherine Heires
Over the past 20 years, advances in brain imaging technology and other methods of analyzing neural activity have yielded important insights into […]

The MIT Sloan fellows were great!

~ a ton of fun! Yes at MIT!

The psychology of risk about which I speak applies to any business decision. It’s great fun to get out and talk to people who are learning to make better risk decisions – even if they aren’t necessarily market decisions.

Thanks to Katherine Kaminsky PhD of AlphaK Capital for […]

By |August 17th, 2012|Academia, ReThinking|0 Comments

Report from The Society of Neuroeconomics

Last weekend, a group of the world’s preeminent neuroeconomists met in Evanston and the research findings reported on were strikingly different from even two years ago. Virtually nothing about system 1 (logic) and system 2 (emotion) and a new found appreciation for the integrated role of feelings and emotions in every risk decision. Antonio Damasio, […]

By |October 5th, 2011|Academia, Emotion research, Subjective Probabilities|0 Comments

Positive Thinking isn’t All It’s Cracked Up to Be

In the US at least, it’s taken as a given that feeling good is better than feeling bad. We “look on the bright side” as a matter of social pressure. If you say you feel angry, sad or anything else “negative”, you get pushback and even disdain. But a recent paper shows that this is […]

By |May 11th, 2011|Academia, Emotion research, ReThinking|0 Comments

How to Think in the Gap between the Facts & Success

We have a tendency not to notice that our emphasis on numbers and logic leaves out a crucial part of the thinking processes we actually engage in to make decisions. In order to make the best decisions – and to perform at our highest levels – we need to get logical about the gap between […]

By |April 21st, 2011|Academia, Perception, ReThinking|0 Comments

“Why” of Financial Crisis only on p. 4 as Dow hits 12K

We need a revolution in our own conscious minds that makes us see ourselves as we are once and for all. We need to admit that how we feel makes all the difference in the world to what we do or decide.

By |January 28th, 2011|Academia, Perception, ReThinking, Subjective Probabilities|0 Comments