Justice "Jack Sparrow" Litle

Web Site: http://mercenarytrader.com


On the New Issues Market

August 14, 2014
Slider Trading Wisdom

"The new issues market has as much nobility as the Fulton Fish Market in the noonday sun when the cobblestones are littered with the carcasses of overripe flounder that didn't sell that morning."
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Who Are You Hanging Out With?

August 7, 2014
Slider Psychology Emotion & Process

I'm a great believer in "you become who you hang with." As Tony will say, the quality of your life is a direct reflection of the expectations of your peer group. ~Peter Sage
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On Form and Technique (in Poker and Trading)

August 6, 2014
Slider Poker & Trading

Diligent commitment to form and technique is the true path to mastery. Here we reflect as to why...
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No, Actually, the “World’s Greatest Trader” Would Crush the S&P to Powder

July 31, 2014
Slider Inspiration & Insight

A popular columnist recently suggested the "world's greatest trader" wouldn't even beat a passive indexer over the long term because of tax issues. This argument is so insulting, and so out of whack in respect to real trading, it spurred the following rant...
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Sometimes It Takes Years

July 30, 2014
Slider Trading Wisdom

Success can take longer than we think, and overnight sensations are years in the making. If signs of internal progress are present, press forward.
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Don’t Sell Your Soul (to an Investment Bank or Anyone Else)

June 4, 2014

Why was the investment banking path, as brutal and dehumanizing as it is, so popular for so long among Ivy League high achievers? My theory: It was more about self-esteem than money...
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If you want to be Tarantino, watch a lot of movies

May 13, 2014

If you want to be the next Tarantino, watch a lot of movies. And don’t just watch them, be hyper-attentive about rating them, reviewing them, and so on.
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What if de Grey and Kurzweil are half right?

May 9, 2014
Slider Inspiration & Insight

Living to be 1,000 years old, or even 250 years old, might be a stretch. But what about, say, excellent quality of life at age 100, or even age 125? Take care of yourselves brothers and sisters!
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Adaptable to Change

May 7, 2014

The cartels are getting squeezed by Colorado homegrown, and are responding - by ramping up other lines of business. You can legalize drugs, but you can’t legalize crime. So the cartels have shifted with the times.
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Good Old Pen and Paper

May 5, 2014

I take huge volumes of notes with my keyboard — market observations, trade notes, all kinds of stuff. But I still have a trusty hand-held folder (green imitation leather, ugly but it works) with a yellow legal pad, blank paper, and blank index cards inside.
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Death of the Omnipotent Central Bank Narrative

May 5, 2014
Slider-Economics-and-Theory

The Omnipotent Central Bank Narrative is drawing to a close. As equity markets cease to levitate, the mighty magicians lose their power.
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The Power of Creative Leverage

May 2, 2014

Below is one of my favorite Youtube videos of all time. It demonstrates the power of creative leverage. Archimedes said: “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” This guy figured out how Stonehenge was likely built, using the same principles. Creative leverage is...
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Gents, Take a Walk

May 1, 2014

As an "idea person" -- I get ten ideas a week minimum, surprise surprise -- many of them come on the treadmill. I think it's a function of relaxed mindset, active blood flow, and no preset agenda, leaving the brain free to noodle around with stuff.
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The Mental Game

April 29, 2014

Interesting piece on “The New Field of Mental Analytics:” First there was sabermetrics, using deep statistical analysis to predict athletic success. Now, get ready for mental analytics. “That’s the next frontier,” San Francisco 49ers President Paraag Marathe said in an interview. “The spread in physical talent is so narrow. The spread in psychological, mental...
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Dumb Tourist: Michael Lewis “Flash Boys” Review

April 2, 2014
Slider Articles and Reviews

I am (or sad to say, was) a huge Michael Lewis fan. Liar’s Poker, The Blind Side and The Big Short are all classics. With that said, Flash Boys is terrible. It is not just a major whiff, but a travesty. And it really ticked me off.
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