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The Republican Convention
Good day to all of you. The Republican convention just finished and I was inspired by a speech that Paul Ryan made. He said, Listen to the way we’re spoken to already, as if everyone is stuck in some class or station in life, victims of circumstances beyond our control, with government there to help us cope with our fate. It’s the exact opposite of everything I learned growing up in Wisconsin, or at college in Ohio. When I was waiting tables, washing dishes, or mowing lawns for money, I never thought of myself as stuck in some...
read morePraise for The Crisis of Crowding.
http://readingthemarkets.blogspot.co.uk/2012/08/chincarini-crisis-of-crowding.html
read moreOn Radio this week speaking about the Crisis of Crowding
Dear Friends, Please tune in and listen this week to two radio interviews about the book. 1. Thursday, August 23, 2012, 11:35 AM Eastern. The Bill Kearney Show. WKXL 103.9 in Concord, NH or http://concordnewsradio.com/?page_id=32. 2. Wednesday, August 29, 2012. 2:30PM Eastern. The Gabriel Wisdom Show. Will be broadcast on several radio stations and also can be found at: www.businesstalkradio.net Thanks for listening and for the support! Ludwig
read moreThe Computer Revolution
Today I travelled to Mountain View, CA to visit the Computer History Museum. It was very inspiring to see all the wonderful things we’ve done in this industry. I thought I would share some of the special things I had seen. First, I saw one of the original computers that Steve Jobs and Wonziak produced for their club, which eventually became the Apple I (see picture 1). This even has Woz’s signature on the top of the wood box. I also got a glimpse of the famous Altair 8000 computer (see picture 2). I saw one of the first...
read moreSunday Wonderful Sunday
Good Sunday to all of you. I’m sitting in a cafe in the one of the most gorgeous cities in the world – San Francisco. Besides people watching, I’m thinking about a few things today. One is what will happen to the Euro. The other has to do with how poor this economy has done in the last few years. And the last has to do with who will win the PGA Championship. The pain in Greece from the reforms is growing ever more severe. Will they leave the Euro or will they get kicked out? Getting kicked out will be costly for the...
read moreThe Knightmare
I remember when I built my own brokerage firm with a bunch of people, including Rich Hagen, co-founder of TradeKing. For the time, we had developed a novel way of trading, which needed market makers to understand and facilitate some of our new ways of trading, like the ladder order. We found two great places to make our trades. One of them was Knight Securities. We used them to trade most of our NYSE stocks. The other was Madoff Securities. We used them to trade our OTC or Nasdaq stocks. Both were excellent firms for these purposes. ...
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