I am fan of and subscriber to the Lefsetz Letter – a music industry commentary by Bob Lefstez who has been around longer than I have . Interestingly, a lot of his commentary is about issues that are wider than music alone. This is to be expected because music is both a social and technological…
My opinion of the latest Ferrari’s is slowly changing – I thought the Modena was the high point of their recent designs but this one looks pretty good. Although they do still seem to be built for Hobbits.
I am not quite certain about either the 1984 911 SC Cabriolet or the fat arsed Panamera which to my eye simply looks like a regular 911 that has been force fed and then beaten with an ugly stick
Within trading one of the things that is often missing is the need for perspective, the noise that accompanies the markets generally obscures what is actually happening. It also forces upon traders an unnecessary granularity on both their analysis and their emotional response. If you were anywhere vaguely near a radio, tv, website or paper…
Whilst, munching through my tea and toast this morning I came across the screaming headline Wall Street’s Brightest Minds Reveal THE MOST IMPORTANT CHARTS IN THE WORLD. My initial response was I doubt that and upon opening the link I my initial doubts were confirmed. What should have tipped me off was the expression Wall Streets Brightest…
The past decade has been a triumph for behavioural economics, the fashionable cross-breed of psychology and economics. First there was the award in 2002 of the Nobel Memorial Prize in economics to a psychologist, Daniel Kahneman – the man who did as much as anything to create the field of behavioural economics. Bestselling books were…
It’s hard to find a place today where concepts of behavioral finance aren’t being applied to real-world situations. From London to Washington to Sydney, governments are experimenting with the psychology of decision-making and trying to “nudge” citizens toward better behaviors, whether that means saving more for retirement or signing an organ donation card. Meanwhile, businesses…
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