Category Archives: Sports

DailySpeculations.com

DailySpeculations.com

DailySpeculations.com is Victor Niederhoffers blog. It started because he has long had an e-mail list named “the spec list.” He is the man who runs it but everyone from the spec list contributes to it. So what do they talk about? You might think that because it is called Daily Speculations and the owner of the site runs a hedge fund that it only deals with stocks and other tradeable securities but you would be wrong. DailySpeculations deals in stocks, bonds, futures, options, statistics, software, philosophy, literature, history, people. world events, etc. Basically Victor has a bunch of really intelligent people contribute whatever they feel like. The result for the most part a very insightful blog where you can learn something or at least get a different perspective on something almost every day.

So who is Victor Niederhoffer? If you have been trading for a long time you have heard of him. He was one of the most successful hedge fund managers for about 15 years ending in 1998 when he had a series of unfortunate events and a case of overleverage leading to his fund “blowing up” and the saying goes. He then came back and had a wonderful three year run but once again getting hit very hard back in August. A lot of people do not like listening to him because they don’t want to hear anything from someone who has blown up twice but there are a few reasons to read his writings. First if you have read his two books “Education Of A Speculator” and “Practical Speculation” you have learned a lot. You have learned to question and test everything if nothing else (and I would venture to say you have learned a lot more). Second is that you can look at the other fruits of his labor, namely that his shop has helped produce such trader legends as Monroe Trout, Toby Crabel, Roy Niederhoffer, and several other successful traders. So why has he blown up twice you might ask. I am not totally sure but I think it is probably the psychological aspect of trading that has gotten him and not his processes for finding trades. Basically a little overconfidence now and then when you are leveraged can wipe you out in a short time. Enough about Vic and back to the blog.

Here are some fairly recent insightful posts.
Vic on Practice
Levered ETF’s
Fired
Capitalism In Schools

These are illustrative of the types of writings you will find over at DailySpeculations.com It is a treasure trove of insights into all sorts of things. Go and read it and then go and read more of it. There is a lot of content and lot of good content.

Happy Blogging,
Blog Raters

GaskinRacing.com

GaskinRacing.com

GaskinRacing.com is as the name implies a blog that covers racing and cars. While only three months old the site is updated regularly. For the most part he focuses on European cars but also covers Asian and North American.

Like any blog this one has its favorites. The owner of the blog has a Porsche (luckily not a Kia or something like that) and posts about them Porsche Post. He also covers car news such as this new piece on the Ferrari Strike.

Overall GaskinRacing.com is a good site if you want to know more about cars and the auto industry.

Happy Blogging,
Blog Raters

Wages Of Win Journal

Wages of Win Journal

Wages of win is a blog that talks about the economics of sports. It is sort of like Moneyball meets Freakonomics. In fact they say in their book that their approach is similar to Freakonomics. Basically taking economic tools and applying them to unusual economic questions.

This post Thoughts on the NBA is a perfect example of what Wages Of Win covers. If after reading that post you think it is more related to a bookie then to a economist then you are right on. Most successful economists could be successful bookies. Why? you might ask. Well it is because of the way they approach their field. They look at what actually drives a team to win or the stock market to go up. A lot of the things we think are important are virtually useless while a lot of the seemingly useless info is very useful. Wages of Wins tackles these questions looking for what really works in sports.

Not only do they cover how to find the best ranking for a player, team, etc. But they also provide other types of analysis such as NCAA Final Four Thoughts Where they discuss inequalities in the NCAA (yeah I know there are a lot). Some might say why does this matter? But it is a question an economist would ask and then tackle.

If you want to learn a lot more about sports. Or just want to know facts that none of your friends do then Wages of Win is for you. I go to it pretty much everyday and it has taught me a lot about the numbers behind the sports.

Happy Blogging,
Blog Raters

If you end up liking this book (and I don’t see how you couldn’t) then you will also like Moneyball by Michael Lewis and if you really want to learn to test data then Evidenced Based Technical Analysis by David Aronson.