How Not To Deal With A Scary Market
Carl Richards of Behaviour Gap has some advice.
It Goes From Bad To Worse….
The poor old Poms cant take a trick lately….
Culturally Constructed Ignorance Wins the Day
I spend much of my time shrugging off breathless news events. Ebola (now Zika), employment reports, Federal Reserve rate changes, government shutdowns, peak earnings and so on. Much of what passes for earth-shaking news turns out to be, with the benefit of hindsight, something in between idle gossip and fear-mongering. The genuine, not well-anticipated, actual…
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Of Pounds And Poundage
Just an interesting little bit of context regarding the pound which seems to be undergoing it usual once a decade mid life crisis. As you can see from the chart below the drop last week is in many instances just an acceleration in an existing long term downtrend.
My Adventure With Telstra
I like the rest of Australia share a hate-hate relationship with TLS. They are a bumbling, incompetent bunch of dicks that we are stuck with courtesy of successive bumbling incompetent governments who have had their heads firmly rooted up their arses when it comes to communications policy. Where else in the world would you have…
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The Trade of the Century: When George Soros Broke the British Pound
Seems an appropriate time to revisit this. When this was occurring I was sitting in an airport lounge somewhere trying to make the best of what past for mobile communication in those days. In 1992, George Soros brought the Bank of England to its knees. In the process, he pocketed over a billion dollars. Making…
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Do Experts Know Anything?…..Probably Not…
This has been a terrible day for experts. Economic professionals were overwhelmingly of the opinion that leaving the European Union would hurt the United Kingdom. And until a few hours ago, the consensus of public opinion experts — at least if one uses prediction markets as a proxy — was that voters would in the end…
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