A few weeks ago LB and I had to trot into town for the day for a meeting and since I dont do public transport for reasons that should be obvious to anyone who has caught public transport I decided to drive and park. Since I am little bit compulsive in my planning I looked…
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Across the road from Happy Valley, 27 floors up, two Americans sat in a plush office, ignoring a live feed of the action that played mutely on a TV screen. The only sound was the hum of a dozen computers. Bill Benter and an associate named Paul Coladonato had their eyes fixed on a bank…
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In an industry where power and influence are measured in dollars and cents, this may be the most exclusive club in finance: The price of admission is at least $25 million. It has no name and no board of directors but has a roster drawn from the world’s wealthiest and most successful traders. Members essentially become…
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A blast from the past for all the oldies like me. I once owned a Triumph Dolomite Sprint in glorious yellow – when it went it was a little rocket. The problem was like most English cars it didn’t go very often…..
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I had made an exhaustive study of recessions so that I could form a timeless picture of an archetypal recession and then understand the difference among them. I did that for all economic and market movements and was inclined to do it for just about everything, because it helps me understand how things work. One…
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My guess is the same sort of editorial decision making progress applies to all aspects of what passes for news.
Ya reckon….yet another thing that probably got a grant when one wasn’t actually needed. Some things belong in the no shit Sherlock file…. Abstract It is widely assumed that psychopathic personality traits promote success in high-powered, competitive contexts such as financial investment. By contrast, empirical studies find that psychopathic leaders can be charming and persuasive,…
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The US is often touted as the land of the entrepreneur where everyone with with a bit of get up and go starts a business and climbs their way to the top. Apparently this isn’t so.
The year was 1993. I was in a full blown tantrum. My broker was copping the brunt of my frustration. “You’re getting rich from me paying you brokerage, and I’m not making any money at all. Unless you can introduce me to someone making bucket-loads of money as a trader, I’m going to quit” I…
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