Activity

Traditionally westerners equate activity with productive effort, as such the more noise and the more fuss you make the more productive you are. The same philosophy drifts into trading, as such trading becomes an activity-based endevour, which then migrates into entertainment. Research by W.B. Canoles, S.R. Thompson, S.H. Irwin, and V.G. France in their paper An…

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Conspiracy Theories

Unfortunately the default human behaviour of being consumed with irrationality is common. In markets this leads to a range of inane behaviours but one which seems to be running rampant at present is the various conspiracy theories running around the market. Everything from the new Prime Minister of Italy being a Goldman Sachs plant to the massive…

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Sector Destruction

I have to confess that I like everyone on the planet it seems is a customer of an online book retailer. After being gouged for decades by local bookstores who thought that stealing off people was a good business model it is somewhat of a relief to deal with the Amazon/Book Depository/Fishponds of the world.…

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Arseholes

The Telegraph – Staff are understood to have received quarterly bonuses last Monday. It is not clear whether the bonuses were also received by staff in the US. The news is likely to anger those MF Global customers who have still been unable to access money they held with the broker It is not surprising that…

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