Rogue Hormones

IF THE losses at UBS that surfaced this month were caused by a “rogue” trader, would that make his colleagues stable? Not if research being undertaken by John Coates, a neuroscientist at Cambridge University and a former derivatives trader, is anything to go by. His work suggests that hormones drive investment decisions to a far…

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Community

I wouldnt join any club that would have me as a member – Groucho Marx I’m not a community sort of guy – I don’t join clubs, I cant stand the notion of association and crowds of the great unwashed just make me reach for the valium and of course soap. So when the mentor…

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The Death Of Equities

From the WSJ – …across the financial markets, a sea change is taking place. Investors are abandoning the time-tested “stocks for the long run” optimism that dominated since the late 1980s. Instead, there is a widening belief that the mess left behind by the housing bubble and financial crisis will be a morass to contend…

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Why Do This?

In the past I have written about prediction and the fact that we are absolutely crap at predicting the future. Despite this and despite the ease with which people are held to account for their predictions we still get this sort of stuff.         This graphic tracks the predictions about the price…

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