I have been having a bit of a play with the All Ordinaries yearly returns since 1901 and I cobbled together the table below which I have coloured red and blue. Red is those years where the return is below the average of 9.8% and blue is those years of above average return. What is…
That human beings can be mistaken in anything they think or do is a proposition known as fallibilism. Stated abstractly like that, it is seldom contradicted. Yet few people have ever seriously believed it, either. That our senses often fail us is a truism; and our self-critical culture has long ago made us familiar with the…
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