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If you're currently not paying any taxes, why look further? If you're woried about Vanuatu's status as a stable tax haven you should register a shelf company at the BVI. The British Virgin Islands is an overseas territory of the UK that doesn't levy taxes on international business...

I think it's quite amusing that some people are ripping on Buffett for being frugal. Buffett is a man who lives his life doing what he loves to do and made an insurmountable fortune in the process. Now he's putting his fortune to work in the Bill and Melinda Gates Foundation, for which I'm...

I'd say that getting a degree in either psychology, computer sciences or economy would help a trader not hinder him. Understanding theoretical aspects is necessary to guide the trader in his decision making proces.

Seeing reversals is an important aspect to trend following. All trends have their roots in reversals from older trends. What I suspect you do wrong is that you take yourself out of the market when a reversal fails. Instead, you should force yourself to get back in, reverse your position and...

The US could always move to a two tiered currency system by introducing a new dollar for domestic use that's partially fixed to a basket of commodities. Debt to other nations could then be retired by printing old dollars. Resulting inflation and falling foreign exchange rates can be countered by...

"It is not for your righteousness or for the uprightness of your heart that you are going to possess their land, but it is because of the wickedness of these nations that the LORD your God is driving them out before you, in order to confirm the oath which the LORD swore to your fathers, to...

John 3:15 Whosoever hateth his brother is a murderer: and ye know that no murderer hath eternal life abiding in him.

Well what does that tell you? How efficient can a market possibly be when people are willing to put their money in a leveraged fund and be satisfied with a 5-10% annual return. That's indeed the return alot of those funds-of-funds are getting.

It's funny that you should put the tooth fairy and the efficient market hypothesis on the same line. After all, believing in the EMH confines you to looking for pennies under pillows.

In my case it wasn't a shift back in perception, it was a complete turnaround. Just several weeks before I had concidered myself an atheist. Not incidentally my revelation was also my baptizement in Christianity.

I was addressing you and others that share your point of view. You claim that my analysis is superficial but you're wrong. You see, there are paterns within morality and ethics that are confined to certain parameters. Moral absolutism predicts the existence of such paterns with good and evil as...

Borrowing is an other example. The government borrows with interest against future revenues. The compounding debt is indirect taxation as it is transfered into the future.

What argument is possible when you are faced with someone who says "It is impossible to see, to prove or to collect evidence for the existence of God. I believe that the best way for me to figure out how to make my way in life is to create my own truth and do what I damn well please. I...

I have often heard proponents of the efficient market hypothesis make rediculous claims but this is the first time that I've heard one of them make the claim that an event that is unknown in size, unknown in occurence and unknown in consequence is already priced in. I'd say this is a mile stone...

What you're doing is irrational. One should only trade if their returns are greater then buy and hold. That's the only justification for the increase in effort and transaction costs. If you can't even beat buy and hold go back to the drawing board and park your cash in some fund. If you would...

Let's say you were a physician and a patient comes up to you with skin lesions. Would you consider his scratching a symptom or do you see it as the cure? Now let's say there is a trader that lost all his equity. Would you consider his blow up a symptom or do you see it as the cure? I have a...

I think we're in the business of interpreting signals that determine continuation or change of trend. The instruments trade are liquid and the signals to which we respond take into account the actions of a vast number of market participants. Not a single participant can move the market and...

Would you mind telling me why you think program trading has made things more sophisticated?

I downloaded their demo platform and I have to say that I was disappointed with their quoted spreads. I checked during ordinary market conditions and the spread on the majors was between 2 and 4 pips, on the GBP/CHF it was usually around 10. This is nowhere near the 0-1 pip that's advertised on...