I wrote Python code which shows Correlation between NASDAQ price, Corn and Gold(Corr=0.945). Corn and Gold are best mix I have found. https://gist.github.com/Kouhei-Takagi/a1a9b073f6cd6dacb7eb1ea871d8fd3c I changed some important parts. https://gist.github.com/Kouhei-Takagi/5becaf7c3a24d63ac9c56856e81297f2
2018/1/13. Following money information, is it good strategy for life?
There are a lot of money information. We watch them, prefer or not.
Think about money information, what is merit for providing money information?
I think that there is one merit, the followers do same thinking as the media intends.
This merit, follower’s effect, is just like advertising. If we do action after money information without thinking deeply, our money flys away.
Following money information is dangerous strategy. Especially, following only stock prices is very toxic to mind.
For example,
J.P. Morgan CEO Jamie Dimon Now Says He Regrets Calling Bitcoin a 'Fraud'
This article shows that if someone believed & followed what JP Morgan CEO said in past, they would lost chances. (But Bitcoin, I don’t believe this new trick. And I think that JP Morgan CEO doesn’t change his thought, but his customers want to trade bitcoins.)
(How to escape from this strategy?
One method I do is googling the first source and reading them.
Important thing is reading the first source.
But we can’t read or watch the first source every time. At such time, I compare the some second sources about same information. Google is great tool if we can use it effectively.)
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