Stocks may have plunged into a bear market in 2022 — but that didn’t stop hedge fund managers from bringing home billions of dollars in personal earnings. Although the market rout caused a large portion of long-short and long-only managers to lose money last year — with many performing even worse than the S&P 500…
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One of the great myths you have, when you are young, is that adults are reasonably competent and vaguely skilled at what they are supposed to be doing. As you grow into adulthood yourself you are quickly disavowed of this naive belief as you realised that the majority of adults in the majority of roles…
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Sisyphus, the king of Ephyra, was renowned in Greek mythology for his ingenuity; indeed, so clever was he that he cheated death twice, angering the gods. They took their revenge by condemning Sisyphus to eternal torment in the underworld: He had to roll a huge boulder up a hill. When he reached the top, the stone would…
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….about the last candle merging with volume….
One of the things that is most surprising about any form of financial crisis is the degree of surprise that market participants display at its unfolding. You can see this scene play at present with the recent collapse of Silicon Valley bank and the current nervousness that surrounds U S regional banks. What new players…
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