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in 10, 20 years, it's amazing.
H
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citadel or mcgoldman on the other side with their machinery, so i pretty much went very deep into the tech industry, kind of got out of finance for...
N
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okay, interesting. now then i guess just taking the inverse of fernando's question and more, going back to your point before, can you give us say two or three...
N
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and it's interesting that you bring up trailing stops.
N
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trailing stop on stocks. i kept in my i back test things and i kept back testing-
N
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... positive impact on the decisions of real investors.
H
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but haven't experienced a corresponding 10,000% gain that would have to offset that night.
N
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so, that's kind of what got me interested in trailing stops and then, more broadly, just in behavioral economics, behavioral finance-
H
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... to ultimately be more successful in the markets and in speculation-
H
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... that can help you know when to sell, which is a key part of trailing stops, but also know when to buy.
N
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level of centralization in our economy and in our world.
N
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opportunity and also understand the opportunity was something that i could really get behind.
N
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and i started out just doing fixed percentage trailing stop alerts and offering them to investors.
N
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but over time, i said, "well, can't there be an optimal trailing stop that we-"
X
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so johnson & johnson might be a 12% vq, microsoft, apple, 17, 18%.
N
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tesla, twitter, 33%. what does that mean? in the stock world it means that if you want to hold these investments for at least 12 to 18 months...
N
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then that's how much noise or uncertainty, how much volatility up or down you need to be okay with.
N
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right now. so, i had to kind of shorten the timeframe. so, the vq and the crypto space-
N
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means that if you want to hold this crypto for at least six months, how much volatility should you okay with? and in bitcoin right now, it's about 30%.
X
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how much randomness should you be okay with in a five to six month?
S
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then the sell point is going to be about $6,000 below that at $14,000.
N
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to really be able to not get whip sod in and out of the things that we wanted to invest in.
N
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so, simple kind of red light, green light system based on volatility and momentum.
N
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even today. so, it's still red in my system-
N
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... of speculation, so to speak. i think we've done a good job of-
X
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... helping people protect their capital who've been following our system.
X
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if you're just buy and hold and you think you're a bitcoin maximalist-
N
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take out of investing, but long-term, if you've got big conviction about something like bitcoin, right?
N
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and it's going to drive your decision-making. so, being kind of aware of what your-
N
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... your deeper emotions are about investing and about the things that you believe in that you-
N
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and then aligning your decisions with those emotions is where i think people really need to get to as investors.
N
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just a phenomenal book that talks about the centrality of emotion in investing.
H
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you comfortable committing to that if your thesis doesn't pan out for a few years right?
O
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and again, being able to use volatility to kind of get an idea of how much noise or uncertainty you need to be okay with...
N
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smart and consistently over and over again for a long period of time.
N
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real gains come when you find a system that you're comfortable with, that you believe in...
H
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how much to allocate to each different crypto in the portfolio.
N
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... and isn't the business that most of my customers are in. so i think...
N
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this is very reminiscent of when i got started in investing with the .com boom myself.
H
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ministries, so we teach people who are in various types of ministry, catholic, non-catholic, ordained, not ordained.
N
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about the work. but can you explain why this is an important subfield of counseling psychology.
O
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the experiences people had in their childhood affect their adult life and that things that we take for granted...
S
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it's a little bit like, "well, when i was a kid i walked to school five miles of my bare feet, so why should you get shoes and a bus?" so...
X
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first of all, i want to reassure those-
N
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we could be doing a lot of other things in our lives, but we choose...
N
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great. and he was somebody i could tell that i did that and he would think it was cool and not weird.
H
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hey, so thank you so much for being our guest. it was so fun...
H
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solution for doing it when we're not able to be in the same room together.
S
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to make this form fit into what we've been doing before, but acknowledging this form as a new thing and actually we need to fit into it.
H
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in myself. i knew that that really mattered to me, but i also knew that sometimes when i get interrupted at work, when someone would come and poke their head in my office-
S
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so that then i could think about, what does that give me? one of the things i think about that you can't do in a zoom that's got more than two people in it-
N
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keeping alive, what i love about...
N
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but because it was on zoom, we could have 15 people, and they were from all over the country.
N
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that maybe served a humanizing function in a way.
N
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economic or class distinctions between your students. so you perceive racial differences, you perceive gender differences.
N
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norm that against the demographics of my class and then vow to do better next session.
N
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on student's ability to thrive and learn.
N
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you would think with that experience would be easy, but it wasn't so much of what i...
S
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gave you the guidance that you needed to be your best self, to be a member of a team that had a mission to do.
X
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and then when you leave that you leave the military really as an individual and you lose that team, you lose that sense of...
S
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which is the reason why many of our veterans are at fordham, and why there are so many veterans, independents, at universities across the country.
N
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prepare a plan for success so that they have the life that they want.
N
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of experience, of background that veterans bring to the classroom.
X
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and certainly that might be the case in some situations in the military.
N
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you need to be a soldier or a marine or an airman that you're-
N
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thank you so much for giving us some of your time. i really, really appreciate it.
H
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thank you for having me. it's my pleasure. this is very exciting.
H
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and that idea of right and wrong is almost entirely irrelevant from that process, right? it's because-
X
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dismiss the care that we need to give to people, to all people. right?
N
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have organized their lives around meeting on tuesdays and fridays at 10.
N
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then you need to send me an email because clearly you're really stressed about this assignment.
A
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i don't even know how i'm going to get through everything i have to do. and i'm wondering about making the final exam, optional.
S
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problems in our society, but particularly in our university that need to be addressed. and that...
N
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the first black bachelorette. sometimes i am a public intellectual, right? speaking to a...
H
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2141
Female
brandy, it's been such a pleasure talking to you. you're such an inspiring teacher and such a bright light. i'm so happy that you're-
H
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.so jim, thanks for coming to talk to us on twice over. it's great to see you.
H
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and to make them feel like i'm not selling them something, right? so-
N
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the choices that i made when i became a parent was to really make sure my students knew that i was a mom.
N
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2228
Male
i think you're naive and i think you need to learn an awful lot.
C
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2228
Male
when i'm not being helpful, when i really need to say to a student, you need more-
N
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thanks so much. this is really wonderful. thank you for coming on and sharing your wisdom.
N
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when i was in graduate school, i wrote a paper and-
N
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stripping the valorization of showing off.
N
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and instead, placing a high value on a clearly articulated question.
X
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not getting it done, not sure they have the time, and then, would come up with these super creative ideas. i would just say like-
H
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professor, she specializes in comp and rhetoric, and she will be in conversation with some of her community partners.
N
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it's my pleasure. i'm really glad that i was able to join. i really appreciate you having me.
H
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not a toy. the way i read, some people enjoy them. there apparently is a sort of genuine mechanism to them really working.
N
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yeah, and that's definitely something that hurts me and i still deal with today. and it doesn't come from that source, but i definitely feel like-
S
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yeah, you hear that a lot with the rich families. they'll just know and it's almost more-
N
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i would tear that in half. another kind is-
X
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we should have sex puddles or whatever.
H
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psychologically deafened myself. but i didn't really know that you had cheated on people for a while because what i knew about you, your core principles, is that-
N
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i guess what i'm trying to say is if i have principles, it's because i've experienced things and done things that make me hold onto those principles.
N
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so he'd like pick the people and it was very friendly but also organized and we had meetings and all this kind of stuff.
N
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are you guys okay or whatever? i think i hid onto the bed and she's like, "i can see you."
N
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and then, of course i'm still like, "how can i get back to hooking up with this girl?"
H
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yeah, nicole [inaudible 00:02:02]. it's always like, "oh god, it's the worst thing. what to do? i didn't lift my hat when the king passed. oh my god."
H
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probably was trying very hard that i would never see this girl. yeah.
H
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okay, so september 7th, you guys. it's a free for all. both of us we're on-
H
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