One of the biggest mistakes I frequently see in market commentaries is the belief that an index is static, that its composition is fixed in time and place. This is a great little piece that shows the very organic nature of an index such as the S&P500 over time. The index of today is not…
Saw this snippet online this morning courtesy of The Age online edition. Pop quiz for the day – was the road toll in China for that day higher or lower than 97? Numbers without context or framing are meaningless.
And a woman spoke, saying, Tell us of Pain. And he said: Your pain is the breaking of the shell that encloses your understanding. Even as the stone of the fruit must break, that its heart may stand in the sun, so must you know pain. And could you keep your heart in wonder at…
One of my bugbears is historians who draw lines through history and present it as a linear narrative. As an example, the Treaty of Versailles, lead to the Weimar Republic whose collapse was inevitable which lead to the rise of Hitler which leads to the Second World War and all its associated horrors. It is…
Let me start with a general statement – t world is awash with cretins when it comes to any event that doesn’t involve watching reality TV, piss farting around on social media, waxing your genitals and shaving off your eyebrows and then drawing them 3cms higher than they were with a sharpie. There is no…
One of the side benefits of getting older is that you realise there is nothing new. This seems to be particularly true in regard to new traders who think they have made a new and novel mistake and market “experts” who think they have invented something new. I am not certain whether it is comforting…
t’s the final moment before an important endeavor—a speech, a performance, a presentation, an interview, a date, or perhaps a sports match. Up until now, you’ve felt good and confident about your abilities. But suddenly, something shifts. You feel a wave of self-doubt. You start questioning how well you prepared. The urge to run away…
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