Entries by Spencer Li

Endowment Bias – Do You Really “Own” a Trading Position?

People who exhibit endowment bias value an asset more when they own it, as compared to when they don’t. This is inconsistent with standard economic theory, which asserts that a person’s willingness to pay for a good should always equal the person’s willingness to accept disposition of the good.     In essence, this bias […]

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Long-term refinancing operations (LTROs) – Long-term time bombs?

Long-term refinancing operations (LTROs) involve the central bank lending money at a very low interest rates to eurozone banks, which has led to the term “free money.” The injection of this cheap money means that banks can use it to buy higher-yielding assets and make profits, or to lend more money to businesses and consumers […]

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Optimism Bias – Why Most People Think They Can Beat the Market

Most people have heard of “rose-tinted glasses” and know that those who wear them tend to view the world with undue optimism. Studies have shown that with respect to most positive traits, for example driving ability, good looks, sense of humour, physique, etc, most people tend to rate themselves as above average. Logically speaking, this […]

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Exclusive Invitations – The Future of Derivatives Party 2012

Spencer LiAfter trading for 18 years, reading 1500+ books, and mentoring 1000+ traders, I specialise in helping people improve their trading results, by using tested trading strategies, and making better decisions via decision science.

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Guest Speaker at Official Launch of CIMB Securities Youth Challenge 2012

This event is the official launch of the CIMB Securities Youth Challenge 2012, a grand culmination of the past few weeks of talks and workshops, which saw many renowned guest speakers sharing their experiences with over 1,700 participants of the challenge. Synapse Trading, in collaboration with CIMB, also sent their trainers down to provide talks […]

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