tag:blogger.com,1999:blog-7366878066073177705.post619673513685829433..comments2024-02-09T18:16:45.614+00:00Comments on The Psy-Fi Blog: Soros' Economic Reflexivitytimarrhttp://www.blogger.com/profile/06254802085744425067noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7366878066073177705.post-8360417103206320352011-03-09T19:58:18.764+00:002011-03-09T19:58:18.764+00:00Hi Denise
It would probably have been better had ...Hi Denise<br /><br />It would probably have been better had I said that "taking account of this is beyond the current abilities of most of us". <br /><br />But is it true that the markets are "only the collective results of human beings"? Surely these results are only the outcome of people reacting to events in the world around us, some of which are not under our control: Icelandic volcanoes and suchlike?<br /><br />For me one of the most interesting things about Soros is that, apparently, he loses on most of his trades. It's just that when he wins, he wins big. Which may be the key to successfully trading reflexively: I'm afraid I wouldn't know :)timarrhttps://www.blogger.com/profile/06254802085744425067noreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-57295407008246750622011-03-08T16:30:55.156+00:002011-03-08T16:30:55.156+00:00"Taking account of that is beyond our current..."Taking account of that is beyond our current abilities" ... is that really true? <br /><br />Why can't we teach ourselves to enhance our powers of self-observation? Why can't we learn to read markets through our facilities for theory of mind? <br /><br />I sound rhetorical but I am not really. I teach traders to do this everyday - some trade a billion dollars, some trade on desks of banks we love to hate and some trade their own capital. <br /><br />You and Soros are of course right - we are the markets. But people tend to feel as if the market is some force of nature like the solar system. Once they realize that it is only the collective results of human beings that for practical purposes are JUST like themselves, they are much better able to read them. .... just as the theory of mind science would predict.Denise Shullhttp://therethinkgroup.net/noreply@blogger.com