Journal

Notes from the desk

Learn Implement Trade. Faculty write process, not tips. Education only.

Process

Why people lose money in markets

It is usually not bad luck. It is a missing process: tips, leverage, no exit, and a story that markets owe you a return.

15 September 2026

Investing

Wealth is not only a return. It is return on return, plus enough years to let the arithmetic work.

20 September 2026

Options

A call is a right to buy. A put is a right to sell. Premium is the price of that right. Expiry is when it dies.

22 September 2026

Institute

QISM does not manage money for students. The work is to teach how funds and assets are managed.

28 September 2026

Stock markets, derivatives, and how funds are managed.

Stock markets

“The four most dangerous words in investing are: this time it's different.”

Sir John TempletonInvestment maxim

Derivatives

“The first thing that determines the value of an option is not the spot price. It is the volatility.”

Nassim Nicholas TalebOn optionality, 2011

Fund management

“Price is what you pay. Value is what you get.”

Warren BuffettBerkshire Hathaway letter, 2008

Quoted for study. Not a tip, a call, or a promise from QISM.