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Trading Ideas

Two Simple Rules to Win the Prediction Game

Humans have tried every method imaginable to predict the future, from reading tea leaves to performing complex data analysis.
These efforts are futile, but Nicholas Vardy shares two simple things you should actually do to build wealth and win the prediction game.

Humans are a funny lot.
In ancient times, the people of Mesopotamia predicted the future using haruspicy – the reading of animal entrails.
My grandmother scanned the astrology section of the newspaper every morning.
Today, investors try to predict markets by surveying the financial media.
The irony is this: No matter how carefully we try to divine the market’s future by reading our favorite …read more […]

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Halloween scare: Party City plunges after slashing annual targets again

The retailer, which sells decorated party goods such as balloons and costumes in the United States, said sales of Halloween party supplies in the third quarter, including October, fell 3.2% from a year earlier. “We are carefully analyzing our Halloween results and addressing the underlying issues and opportunities we have identified to improve the business going forward,” Chief Executive Officer James Harrison said in a statement. Halloween, which fell on Oct. 31 this year, is one of the busiest holidays for party supplies retailers, when customers shop for everything from decorations to costumes. …read more […]

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Ralph Lauren profit gets boost from Chinese demand; shares rise 14%

Ralph Lauren, like other high-end fashion companies from New York, Paris and Milan, has been expanding in China, where a weakening yuan currency has pushed more wealthy domestic consumers to splurge at home rather than while travelling abroad. Chief Financial Officer Jane Nielsen said on a post-earnings call that revenue from Asia, which rose 4%, was driven by the company’s online business expansion, store openings and marketing initiatives featuring local celebrities. A marketing strategy focused on Instagram and new pop-culture-based apparel, including a collection celebrating the 25th anniversary of the hit TV show “Friends”, have also helped Ralph …read more […]