How to Pick Stocks? The birth of “Granny Shots”?
A peculiar scene erupted at a high-school basketball game in Colorado Springs close to a decade ago now. A young and wiry player sat at the free-throw line and lined up his shot, although if you’re picturing a typical free-throw line-up, shooting the ball above the shoulders, you’d be picturing it wrong. He was winding up an underhanded shot, colloquially and disparagingly referred to as a “Granny Shot.” He sinks the first one using this indecorous but effective method. The second one he misses, and in the tune of a typical sports-chant, the parents and fans in the opposing bleachers chanted “You-Re Ad-Op-Td-Ed!” The player on the court takes the quip in good humor; he laughs pretty hysterically in response. What possibly could be the explanation for this odd exchange?
That young high-school player was Canyon Barry, son of one of Basketball’s greatest ever players and one of the best free-throw shooters in its history, Rick Barry. He neared an unparalleled 95% rate in his last seasons, although his career total was 89.31%. His son wisely accepted his father’s instruction; “For me, it was kind of like one of those things where logic would dictate if you had one of the greatest free-throw shooters of all time as your personal free-throw coach, you should at least give it a try,” said Cameron in a 2017 interview on NPR that he appeared in with his father entitled Why Rick and Canyon Barry Stay True to The ‘Granny Shot.’ The elder Mr. Barry, who also is one of the top-scoring players of all time, explained how his father (Canyon’s grandfather) taught him how to shoot free-throws the same way women commonly did it at the time in the 1950s; underhanded. A young Rick Barry complained about potentially being made fun of. ‘Son,’ the eldest Barry said, ‘They can’t make fun of you if you’re making all your shots.’ This ridiculed technique has been passed through three generations with great success. In February 2017, Canyon Barry broke the Florida Gators record for consecutive free-throws using the ‘Granny Shot’ made famous by his old man.
Series of 3~10 minutesLast updated9 months ago
Investor Psychology 200
Bull and Bear markets have official numerical definitions in terms of gains/losses, but they also have perennial characteristics marked by investors' breakdown in rational behavior. Bull markets are characterized by exuberance and valuations dramatically exceeding what a company could be expected to earn. Bear markets are characterized by pessimism. Active management versus passive management is a significant debate on Wall Street and will result in dramatically different investor behavior, depending on whether a strategy is active or passive. Before investing, you should decide whether an active or passive approach is better suited to your investment goals and time horizon. There are always unique catalysts and drivers of the market, but investor psychology associated with excess and overreactions has existed in markets since their inception.
Series of 1~6 minutesLast updated1 year ago
What Is an Inverted Yield Curve? Why Is It A Big Deal For Stocks?
The Yield Curve refers to the term structure of US government debt. Term structure simply refers to the rates of bonds of similar or the same quality across different maturities, either in a table or a graph. Since the risk-free rate (or what you could earn on your money without taking risk) is a vital component of many valuation methods, the proxy for this rate is incredibly important for financial markets. Since US government debt is considered the world's safest asset, various maturities of US debt assume this vital function for many different types of valuation models for both equities and derivatives.
Series of 1~4 minutesLast updated7 months ago
Proof of Work & Proof of Stake
What is the difference between Proof of Work (PoW) and Proof of Stake (PoS)? We answer the most common questions surrounding the two prevalent consensus mechanisms.