Image by Getty Images via @daylife The Best Defense (ricks.foreignpolicy.com) May 17, 2010 A General Covers An Army War Game By Lt. Gen. David Barno, U.S. Army (ret.), Best Defense chief Army correspondent The annual “Unified Quest” futures war game held recently at the Army War College in Carlisle, Pennsylvania, was pretty impressive — and […]
Category: Markets
Traders Roundtable: Assessing the Market Condition
A friend of mine asked an important question about how to assess the condition of the market based on the length of time you intend to hold your typical trade. The challenge is to balance precision and usefulness, and to get the market condition system timing in tune with your trading style. My sense is […]
Dog-eat-dog vs cooperation in military acquisition
Image via Wikipedia Some look at acquisition as a purely dog-eat-dog zero sum game. Another perspective coming out of game theory that takes a slightly different approach than the “Always Trust” strategy is documented in a Robert Axelrod‘s “The Evolution of Cooperation” . There are games where the strategy of “Always Trust” or Don’t Play” […]
Managed risks?
Image via Wikipedia The risks now? Risk of being left behind if the fear was an anomaly and there is now the mother of all buying opportunities: my strategy? Continue to trade intraday with no overnight risk, at my usual levels of risk, in large cap US companies, and broad index ETFs, in either direction […]
10 sigma in the news again
Image via Wikipedia Risks are magnified after a historically volatile event like Thursday. The 11.3% intraday move was a 10 sigma event (if you treat the daily range of SPY as a normal Gaussian distribution). Per the excellent blog at http://www.aleph.se/andart/archives/2009/09/ten_sigma_numerics_and_finance.html, a 10 sigma event can be expected to occur in 1x 10^23 days or […]
Obama declares people of Arizona are irresponsible
Image via Wikipedia Obama, elected by citizens, according to the law, has declared the citizens and their duly elected representatives, who followed the law to pass a law, as irresponsible. You would expect that from true believers, who see the world in absolutes: the members of this group include children, the naive, idealists, utopianists, and […]
Information technology: integrating IT into Strategic planning
Image by Chris Pirillo via Flickr Your information technology department MUST be part of your strategic planning process for our value can be created and multiplied2 reasons: 1. they have possibilities and enablers that may suggest new ways that your value can be created,d explanded, multplied, leveraged 2. if they don’t know where you are […]
A reflection on entreprenurial spirit and stability operations, and engagement areas in nation-building
Image via Wikipedia Thoughts while TDY: action learning: a discipline/focus on actionable learning (see Lewin, Schein…) Planning: we seek to understand so that we can act Design: we act, iteratively, on the basis of fundamental principles, in order to learn we live life forwards, but understand it looking backwards we build nations and stabilize societies […]
mkt20100405 Market health Check (SPY)
via aaaaa Market health Check (SPY).
A reflection on Hunt’s “Leadership: A new synthesis” (1996)
Image via Wikipedia remember that Hunt is writing his synthesis in 1996, and he comes from the leadership discipline, not education or cognitive neuroscience. He is good when it comes to synthesizing existing literature, but his excursions into the future of “what-if” are not very convincing. There has been a lot of important work done […]