Its Friday
This is offered as a distraction from the current state of the markets.
More Money Than God
Just working my way through this book by Sebastian Mallaby who does a good job of not only taking you through the complexities of the world of hedge funds but also introducing some seriously odd but talented people. For example I had no idea that Alfred Winslow the founder of the first ever true hedge…
DetailsStock Analysts
Apparently when they get it wrong stock analysts stamp their feet and threaten to hold their breath until they turn blue STANFORD GRADUATE SCHOOL OF BUSINESS — Like oracles in the stock market, securities analysts come up with earnings estimates that are supposed to signal the worth of a company’s stock. But what happens when…
DetailsPhysicists
As tenure disappeared and research jobs became harder financial markets became a a fertile job market for newly minted Ph.D physicists who equipped with very powerful mathematical toolboxes set about conquering the market. This piece by SCiAM is more a fluff piece rather than anything concrete but it does give these blokes some good PR.…
DetailsEcology Could Teach Economists A Thing Or Two
When I read the above title in the latest new scientist I thought….it wouldn’t be hard to teach an economist anything since the range of their knowledge seems pretty dismal. Even worse they actually believe what they are saying and even worse than that so to do politicians. Haldane has been studying the global financial…
DetailsThe Illusion Of Understanding
The ever interesting and insightful Tim Hartford makes mention of the illusion of understanding complex systems in his latest blog. Switch on any business TV channel and you’ll be bombarded with scrolling quotes and jagged graphs. It’s all very well if you like to watch that kind of thing, but the flow of financial data…
DetailsWhat A Pack Of Dicks
This is from the Spanish – you will notice that the peanuts have also banned short selling of their index. It is good to see that cretinism is a universal human trait as is a complete lack of understanding as to how markets and economies work. Due to extreme market volatility, the Spanish regulator CNMV…
DetailsA Lesson For Young Players
I have really never before seen such a neat encapsulation of what not too do as in the case of Dighton Capital. If you want a ready made check list of all the things not to do then here it is….. There have been quite a few winners and losers in the immediate aftermath of…
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