Mac Murray

Archive for 2011|Yearly archive page

Cybernetic Trading Systems

In DEEP Investing, INTELLIGENT Investor on January 4, 2011 at 2:59 PM

“Cybernetics was defined by Wiener as ‘the science of control and communication, in the animal and the machine’—in a word, as the art of steermanship.”

–W. Ross Ashby


Cybernetics embodies a multi-discipline theoretical framework which focuses on goal-directed systems.  These systems use information, models, and control actions to steer towards and maintain a predefined objective while attempting to counteract anything which detracts from this objective.

Perhaps the most fundamental innovation of cybernetics is its explanation of purposiveness, or goal-directed behavior.

Cybernetics and Fund Management

“Goal-directed behavior” is particularly critical in the world of investment management. Read the rest of this entry »


“Your average broker couldn’t be a trader in a million years.” Michael Marcus, Market Wizard

In MYTHS & Markets on January 4, 2011 at 2:41 PM


Ouch.  You’re killin’ me Marcus.

So who is this guy?  And why would he have the audacity to say this?

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PSE Inks Pact with the Department of Education

In PSE CURRENT Affairs on January 2, 2011 at 6:37 PM
PSE Inks Pact with DepEd

PSE Inks Pact with DepEd

In a thrust to further develop the Philippine capital market and enhance students’ financial literacy, the Philippine Stock Exchange (PSE) has teamed up with the Department of Education (DepEd) to pursue the integration of topics about the capital markets in secondary education.

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The ASEAN Trading Link Revolution is Coming

In INTELLIGENT Investor, PSE CURRENT Affairs on January 1, 2011 at 3:49 PM

ASEAN Trading Link countries: Singapore, Thailand, Malaysia, Indonesia, Vietnam and the Philippines

The long-awaited ASEAN Trading Link may do more to stimulate both investment in the Philippines and Filipino investing than any other current development.

According to the PSE Info Matrix a Memorandum of Understanding was signed earlier in the year between the exchanges of the Philippines, Malaysia, Singapore, Indonesia and Thailand. Within twelve months, investors based in any of these countries will be able to buy stocks on the index of any participating ASEAN exchange, just as easily as purchasing at their home exchange. Read the rest of this entry »

The Intelligent Investor

In DEEP Investing on January 1, 2011 at 1:15 AM
Benjamin Graham

Benjamin Graham

Chinese Blue Marble Half Slice

“Smart investors look to the market not as a guide for what to do but as a creator of opportunity.”

–Benjamin Graham

Chinese Blue Marble Half Slice

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