Thursday, July 17, 2008

Play and Records

I've only just started reading Victor Niederhoffer's The Education of a Speculator (New York: John Wiley & Sons Inc.  1997), but he sure does seem to talk about sports a lot.  His parents played tennis during middle winter in a drained swimming pool, which his own young child insisted on practicing with a pan when a raquet wasn't available.  He believes characteristics essential for sports pros are also highly desirable for traders and speculators. 

But, in addition to play, keeping data notes can help one get ahead!

<blockquote>The whole purpose of childhood may be viewed as a window for play.  One beautiful thing about play is that if you have an inquiring mind and keep records, you can learn which techniques carry the day (p 25).</blockquote>

Similarly, here's an item google looks for in their recruiting process, taken from their recent blog entry at: http://googleblog.blogspot.com/2008/07/our-googley-advice-to-students-major-in.html

<blockquote>. . . [Item 1] analytical reasoning. Google is a data-driven, analytic company. When an issue arises or a decision needs to be made, we start with data. That means we can talk about what we know, instead of what we think we know.</blockquote>

So, google thinks data notes are important as well!

How can I apply the data-mining and usage more/better in my own life?

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