Market forecasting can seem like a futile exercise. After all, 95% of the time, predicting what will happen next is impossible. But Justice Litle says its the huge opportunities on offer in the other 5% that make investing worthwhile. Here, he explains how traders can draw inspiration from ice-hockey legend Wayne Gretzky…

This from Taipan Daily:

Wayne Gretzky is widely regarded as the greatest ice hockey player of all time.

At first glance this is an odd thing. When you think of hockey players, you normally picture big, burly, broken-nosed guys with hulking frames and lighting-fast reflexes. (Or at least that’s what I picture. But then I’m not Canadian, eh.)

Gretzky, in contrast, was never all that big. At six feet and 185 pounds, he comes up an inch shorter than your humble editor (who also happens to weigh 185).

That’s not a lot of

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Sometimes an apparently simple idea from one field can provide great insight in another.  As we watch the final games of the 2008 baseball season investors might be surprised at what they can learn. Ted Williams is on everyone's short list of the greatest hitters ever.  He is the last player to bat .400 in a season.  He combined average with power, hitting 521 career home runs, while taking some time out twice for military service.  He and John Underwood wrote one of the greatest instructional books on hitting, The Science of Hitting. The single most important idea was patience.  Wait for your pitch, one that is right for you.  The Splendid Splinter had what he called a "happy zone."  A pitch in this area was ideal.  The lesson can be seen from the picture below.  It shows ...