Writing this newsletter was in equal parts the most rewarding and hardest project I took on last year. Over the first half of 2020, I explored the existing ideas playing on my mind. The replies started conversations that immediately made the Saturday morning writing sessions worthwhile.
Read John Coate's "The Hour Between Dog and Wolf" to learn more about the neuroscience behind risk taking and stressful decision making. Former GS guy turned neuroscientist who tells stories from the trading floor that I'm sure you will appreciate as much as I did! Let me know if you read it and we can chat more.
Before he became a world-class scientist, John Coates ran a derivatives trading desk in New York City. He used the expression “the hour between dog and wolf” to refer to the moment of Jekyll-and-Hyde transformation traders passed through when under pressure. They became cocky and irrationally risk-seeking when on a winning streak, tentative and risk-averse when cowering from losses. In a series of groundbreaking experiments, Coates identified a feedback loop between testosterone and success—one that can cloud men’s judgment in high-pressure decision-making. Coates demonstrates how our bodies produce the fabled gut feelings we so often rely on, how stress in the workplace can impair our judgment and even damage our health, and how sports science can help us toughen our bodies against the ravages of stress.
Read John Coate's "The Hour Between Dog and Wolf" to learn more about the neuroscience behind risk taking and stressful decision making. Former GS guy turned neuroscientist who tells stories from the trading floor that I'm sure you will appreciate as much as I did! Let me know if you read it and we can chat more.
https://www.amazon.com/Hour-Between-Dog-Wolf-Transforms/dp/0143123408
Synopsis:
Before he became a world-class scientist, John Coates ran a derivatives trading desk in New York City. He used the expression “the hour between dog and wolf” to refer to the moment of Jekyll-and-Hyde transformation traders passed through when under pressure. They became cocky and irrationally risk-seeking when on a winning streak, tentative and risk-averse when cowering from losses. In a series of groundbreaking experiments, Coates identified a feedback loop between testosterone and success—one that can cloud men’s judgment in high-pressure decision-making. Coates demonstrates how our bodies produce the fabled gut feelings we so often rely on, how stress in the workplace can impair our judgment and even damage our health, and how sports science can help us toughen our bodies against the ravages of stress.