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Bingo... The trader subjectively tries to pick only the winners and eliminate the losers and, in the process, trades away the statistical edge.

"The downside of diversity... A Harvard political scientist finds that diversity hurts civic life... What happens when a liberal scholar unearths an inconvenient truth?" ---------------------- http://www.boston.com/news/globe/ideas/articles/2007/08/05/the_downside_of_diversity/ .

Backtesting is what got me over the hump. I found strategies 18 years ago that still work just as well today (adjusted for volume and volatility). I continue to test to verify everything I do. I can't know the outcome of any particular trade before I take it, but I can know the performance...

It's all in the numbers. Massive amounts of backtesting make the rules of the game crystal clear. Follow the rules or lose your ass. How hard is that?

Objective news reporting died over 20 years ago. Everything you see in every newpaper or newscast is spin. The New York Times is no exception. The editorials start on page one and continue through to the last page.

What "sources" are you referring to?

The originating crime of any Ponzi scheme is fraud. Ponzi operators lie to their clients. Like you, I wouldn't have a problem with them if the operators told the truth -- which they would never do because then nobody would play their game. That's the most important regulatory job of...

StormPay was such a good company that they "generated more complaints to BBB than any other Middle Tennessee or Southern Kentucky business."

StormPay... Sounds like a great company. "McConnell, one of the founders of StormPay, had previously used the service as the payment processor for a pyramid/ponzi scheme, TymGlobal, in 2002-2003. An order to cease and desist was given by the Tennessee Securities Division. All references to...

My 13 year old's a good student and very interested in what college is like. There's a large university (25k students) not far from our house so I took her there to look around. At the end of the day there were two interesting things she commented about: (1) She wanted to know why there are a...

Here in California it's 30-60% depending on the location. Closer to the ocean it's more like 30%. Inland, some areas are over 50%.

Thank you for pointing out my typo. The word is CASE. Corrected in original post.

Technically, states have a right to appeal to the Supreme Court. The Supremes then decide whether or not they want to hear the case.

I used to be strongly pro-choice all through college, and even when I first got married. When my wife became pregnant with our first child there was a potential problem and we went in early for the first sonogram at seven weeks. What I saw changed my perspective entirely. There was a...

My wife and I heard Clark speak a few years ago. He was very impressive and very much in command. The problem came when a couple of people asked very pointed questions and Clark started to talk like a politician, avoiding giving direct answers to direct questions. Despite that, I'd say that...

"Everyone" now believes the UCLA School of Econonomics because they forecast the Southern California housing crash two years before it happened. "Everyone" ignored them last time. Now "everyone" believes them.

Depends on where you live. Everyone's expecting a double dip in California. The UCLA forecast is for SoCal housing prices to hit bottom at the end of 2012.

Since there are 25,000 illegal immigrants in California prisons, why not load them on buses, drive them to Washington DC and release them on the Supreme Court steps? That would demonstrate rapid compliance with the Supreme Court decision.

Following is an article that appeared in the September 30, 1999 edition of the New York Times that predicted the mortage crises seven years before it happened. http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html

California has 11% of the country's population and 32% of the nation's welfare recipients. That pretty much says it all.