Why is everyone surprised? When even Cargill Inc., the world’s largest grain trader, decides to liquidate its own hedge fund, that’s a sign that commodity speculators are in trouble. Hedge funds focused on raw materials lost money on average in the first half, the Newedge Commodity Trading Index shows. Diminishing investor demand spurred Cargill’s Black…Details
I very rarely write anything of a political or social nature simply because it is not really relevant to what the people who read this blog are interested in and to be honest I find such topics to be fairly lifeless and dry. However, one thing has been troubling me and it relates to perspective.…Details
We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.” ― Plato I have just retuned from the AIA Conference on the Gold Coast. Speaking as such events is always interesting since the audience represents a departure from the normal crowd I…Details
I am currently ensconced on the Gold Coast and I am just about to head off and talk to the folks at the AIA. However, I find myself fitting right in with the tourist lifestyle. As proof of this I have photographed my breakfast, which does seem to be the default activity for people here.…Details
If you have ever watched Game of thrones you will be familiar with the Mountain
From the you think trading is hard file…… Seventy years ago this week, on July 30, 1945, the heavy cruiser U.S.S.Indianapolis was sunk by two torpedoes fired by a Japanese submarine in the south Pacific. So began a five-day ordeal of thirst, hypothermia, salt-water poisoning, hallucination, drowning, and dismemberment in shark-infested waters. Out of a crew…Details
Next week I will be away at the AIA Conference on the Gold Coast – the bogan and inappropriate tattoo capital of Australia, so communication may be a bit spotty. I will be doing my best to offend people, something I seem to have a knack for.
A recent email exchange with someone who manages money professionally has lead to me to repost this piece I wrote some time ago. During the exchange I couldn’t convince them that not losing money was more important than trying to make it. It has always intrigued me how hard it is to get this point across to…Details