Rosano / Journal

2 entries for Monday, November 10, 2025

The Benefits of Bubbles

[Current AI investment is dominated by GPUs, which deprecate within years and are superseded quickly; the more speculative spending goes here, the less likely this bubble leaves us with potent foundation for cheap use over the long-term.]

The first thing to understand is that there are probabilities at work. A trader with 55% winning days will average two or three 5day losing streaks per year and probably one 6day losing streak. A 6 day losing streak is enough to make the best trader feel like a complete moron. But he isn't. It's just probability

Part of Brent Donnelly: The Art of Currency Trading.

Tagged: trading.