You have probably heard about three AI machines that are readily available. Google has its Google Home. Amazon has Echo. And Apple has Siri. I own all three just so I can watch how they evolve. I’m told that in Silicon Valley now, almost all new startups seem to involve some form of AI. AI […]

In addition to being president of the Van Tharp Institute, I consider myself to be a trading coach, and an NLP (Neurolinguistic Programming) modeler. However, I’m different from most NLP modelers. Most of them are NLP trainers and the teach NLP workshops. Plus, they do lots of different small-scale modeling projects. In contrast, I teach

This topic might press your buttons. But finding your hot spots helps you discover how you sabotage yourself. I read a wonderful little book by Jerry Stalking entitled, Laughing With God.1 In that book, the following dilemma is brought up, and here I’m going to paraphrase the conversation pertinent to trading/investing. God: Do you want

This newsletter is called Tharp’s Thoughts so I thought some of you might want to know more about what I think about on a personal level. One of my hobbies these days is working on my family tree. It’s interesting for me although everyone else in my family seems mostly indifferent. Today with the vast

Trading at a peak performance level requires that you know exactly how to react under any circumstances. What happens if you are holding 8,000 shares of IBM and it suddenly drops 3 points? What will you do? What if you are day-trading S&Ps with about five open contracts when suddenly you get a call from

I’m now 70 years old, but, if I can, I plan to continue to do what I do for at least another 25 to 30 years. Warren Buffet is still running Berkshire Hathaway at 86 and his partner, Charlie Munger is still effective and 92. So I plan to do the same. Effective this year

Some readers might recall that Dr. Ken Long and I developed a Systems Thinking Workshop last summer. The initial reason for that course was that Ken Long has a master’s degree in systems thinking and a doctoral degree in decision making under uncertainty. We realized that a good understanding of systems thinking really helped people

One of my clients gave me a book by Carol Dweck called Theories of Self: Their Role in Motivation, Personality, and Development. In it, Dr. Dweck states: My work is developed around the idea that people develop beliefs that organize their world and give meaning to their experiences. These beliefs may be called meaning systems