Deceptive Headline Of The Year…..So Far

Large Hedge Funds Fared Well in 2011 Apparently they didn’t – their managers did. I have written about this disconnect before, here and here There is a remarkable and somewhat unsavoury difference between what the people who run hedge funds make and what the people who invest in hedge funds make. As an example consider…

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A Tale Of Two Brains

I am currently reading the excellent Who’s in Charge?: Free Will and the Science of the Brain which delves into the nature of consciousness and free will. Like all good cross over science books it can be read by the lay person without much difficulty. Whilst follow up on a chapter on split brain surgery I…

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Rally

I have been watching the latest US rally with some interest and each night when I review the markets I notice an interesting thing. The rally is extremely lumpy in its distribution. Have a look at the graph below which compares the rally in the major US indices to the FTSE100, ASX 200 and the…

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Infrastructure

I found these two neat little charts courtesy of the OECD Strategic Infrastructure Needs to 2030 which seems to have been assembled by a cast of thousands. This first chart looks at competitiveness versus quality of infrastructure. As you can see in terms of the OECD we are only just hanging in there and we…

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