All you need to ride da bull!
Sometimes things pop up in my surf periphery and I think, “What?” Like surfing and financial markets being more similar than they may seem because I think, “How?” And this didn’t pop up in my surf periphery via The Inertia because that is not in my surf periphery but, real quick, have you been there lately? It’s absolutely wild. My jaw was honestly on the ground as I read through shameless VAL bit after shameless VAL bit realizing that surfing’s “core” is now so tiny compared to surfing’s VAL as to be more or less irrelevant.
Incredible and what a time to be alive.
But let’s get back to surfing and financial markets. I read the title “What can surfing teach us about risk?” And thought, “Nothing.” But then read.
Surfing and financial markets are more similar than they may seem. Both have their rewards: the rush of surfing a big wave, or the financial gains from a stock price jolt. But they can also be risky: the investor who is wrong-footed by a sudden move in the market can lose a fortune; the surfer who wipes out on a rogue wave can lose his or her life.
In recent years, technology, education and government regulation have helped make both surfing and finance less risky. That’s encouraged more people to get involved in both arenas. That’s not a bad thing, but in some cases it’s created the incentive for participants — both in the water and in the markets — to take even greater risks.
Today on The Indicator, what surfing can teach us about risk.
Would you like to listen and utilize your formidable surf skills to ride da bull market or even da bear market?
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I deserve it!
I just like the Michael Douglas photo so much and his tie, that I dropped my real life photo with the missus on my BG profile for this
Aside from that f inertia
spent 4 years in a previous life trading futures (the bond kind, not the fin kind), used to muse on this topic. not much in it to be honest but here were my takeaways:
– on the herd mentality: experienced in the water when you settle for a shitty C-grade bank in an attempt to surf in relative solitude, only to find others naturally gravitate toward you. seen in the market when Long Island Iced Tea shares spike 500% after the word ‘Blockchain’ is added to their company name
– 90% of the time being a surfer in california or rates trader post-Dodd Frank/Volcker Rule are not all that different. bored to tears. like watching paint dry. as soon as you get complacent it switches on
– on timing: Mr. Market is a sadist. expect similar treatment when timing a dicey paddle out/rock jump on bigger days
– and other uninspired liquidity puns
as an aside, i did know a fellow who lost a million bucks one day. witnessed a sort of rage that the most ornery of Topanga locals could only aspire to
We have a Tyler Wright reference!
No
I’d be rich if I didn’t wipe out and lose my life on that rouge wave. I didn’t even know I caught it…. or was surfing for that matter.
What I’ve generally observed with humanity is that as soon as a person gets lots of money, they start behaving like total putrid assholes. Typically symptoms include buying lots of retarded gauche status symbols in various guises, and in not-so-subtle ways treating societal rules as if they were for other, ‘lesser’ people.
Disclosure: grumpy cunt today.
When the lead wave crosses the sine wave in stock analysis, it suggests a reversal of the trend, hold-on!
When the lead wave crosses the sine wave in surfing, it suggests a double-up brah, hold-on!
Went to Stab recently. So low brow. Didn’t laugh once.
I hope you washed your hands
I want to go over and see the Electric Acid Surfboard Test II
My brain can’t cope with
The words share and surfing in
The same sad sentence
Anything to distract us from the lonely and endless journey around the sun is fine i guess.
Surfers don’t shares own.
Finance own shares.
Quiet revolution over here. Wife encouraged me to buy a new board for Father’s Day, I said nah, I’ve got plenty of boards, although those Apia’s look pretty tempting.
It’s a trap!
Or, you’re doing it wrong!
God speed.
https://www.youtube.com/wat…
Worth the risk!
https://uploads.disquscdn.c…
Almost exactly yes. How have I missed this!! What a song/clip, I’ve got a dry morning after headache just from watching. How good is the “Snort” cheer squad!
Privatize our beaches already. Surfing public-access beaches is welfare. If you can’t afford waterfront its cause you didn’t work hard enough.
Consider me triggered, motherfucker!
Good work, top trolling!
Does surfing’s core demographic include all the middle aged men on the latest Firewire or Slater designs desperate to relive their youth? An armada of Sprinter vans shows up every weekend with them spilling out like it’s D-Day.
This was definitely a thing with the Firewires around 5+ years ago down here – must be sending a few back to the wholesalers these days I reckon.
All surfing has ever taught me about money is I need it to purchase fuel to get to the beach, to surf some more. Or, to buy more boards. So I work to surf essentially. I am truly antifragile and, therefore, an anomaly of the working class. *EDIT* /Surfing Class!
I am Australian and should spell the short version of mother “mum” but instead I spelt it “mom” the other day and I realise it is because of the amount of porn I have consumed. Is there money in porn investment?
in the good old days there was a lot more money in porn, there was also a lot more bush. now the budgets have been seriously shaved down. I saw a documentary some time ago about the porn industry and how it evolved with accessibility to the internet. by about 2012, some German (of course) bloke called Fabian Thylmann managed to get control of about 80% of all internet porn. pretty impressive really.
It was a master stroke.
A stroke of mad genius.
Nah, ever since the “tubes” took over the video aggregation online there is no money in porn and half the “actresses” are escorting on the side. Fine with me though, I only watch 4 minutes of those 25 minute scenes anyway. I’m a busy fuckin man.