Steven Waldman

Steven Waldman

Sharia Law for the Stock Market

“Do not buy fish in the sea, for it is gharar .”
–Islamic Hadith
Gharar means “speculative and risky.” This hadith, a saying of Muhammed, suggests waiting until the fish are actually caught before plopping down good money. In other words, avoid transactions in which the financial commitments become too distant from the underlying goods.
Sort of sounds like Muhammed was against sub-prime mortgages and deriviatives.

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How to Play the Stock Market Online

posted November 30, 2012 at 6:30 am

Is there any objective analysis which I can do to determine whether my trading is going fine or not, and also when I should increase or reduce?

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posted March 28, 2014 at 5:07 pm

I think that there are now more stocks trading over $100 at any time since 2000, and that ended very badly. Note that biotech stocks (IBB) were down over 4% today and are now down over 10%.

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